Common use of Written Determinations Clause in Contracts

Written Determinations. All determinations by the Committee as to the establishment of performance goals, the amount of any Performance Award pool or potential individual Performance Awards, and the achievement of performance goals relating to and final settlement of Performance Awards under Section 8(b) shall be made in writing in the case of any Award intended to qualify under section 162(m) of the Code. The Committee may not delegate any responsibility relating to such Performance Awards.

Appears in 1 contract

Sources: Performance Share Unit Agreement (Oasis Petroleum Inc.)

Written Determinations. All determinations by the Committee as to the establishment of performance goals, the amount of any Performance Award pool or potential individual Performance Awards, Awards and as to the achievement of performance goals relating to Performance Awards, and the amount of any Annual Incentive Award pool or potential individual Annual Incentive Awards and the amount of final settlement of Performance Awards under Section 8(b) Annual Incentive Awards, shall be made in writing in the case of any Award intended to qualify under section Code Section 162(m) of ). To the Code. The extent permitted by Code Section 162(m), the Committee may not delegate any responsibility relating to such Performance Awards or Annual Incentive Awards.

Appears in 1 contract

Sources: 2005 Omnibus Long Term Incentive Plan (Under Armour, Inc.)

Written Determinations. All determinations by the Committee as to the establishment of performance goals, the amount of any Performance Award pool or potential individual Performance Awards, and the achievement of performance goals relating to and final settlement of Performance Awards under Section 8(b) shall be made in writing in the case of any Award intended to qualify under section Code Section 162(m) of ). To the Code. The extent permitted by Code Section 162(m), the Committee may not delegate any responsibility relating to such Performance Awards.

Appears in 1 contract

Sources: Restricted Stock Unit Grant Agreement (Under Armour, Inc.)