Qualified Performance-Based Compensation definition

Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.
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Qualified Performance-Based Compensation means any Annual Performance Bonus, Long Term Performance Award or Performance Units to a Key Employee that is intended to satisfy the requirements for “qualified performance-based compensation” under Section 162(m) of the Code.
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Qualified Performance-Based Compensation means any compensation that is intended to constitute “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code.
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Examples of Qualified Performance-Based Compensation in a sentence

  • In the case of Units that are intended to constitute Qualified Performance-Based Compensation, the Committee may not increase the number of Units that may be eligible to vest to a number that is greater than the number of Units determined in accordance with the foregoing sentence, but it retains the sole discretion to reduce the number of Units that would otherwise be eligible to vest based on the attainment level of the Performance Goals.

  • For Units that are not intended to constitute Qualified Performance-Based Compensation, the Committee may make such adjustment to the Performance Goal as the Committee in its sole discretion deems appropriate.

  • For Units that are intended to constitute Qualified Performance-Based Compensation, the Performance Goal may not be adjusted except as specified in the attached Schedule A, Section 4 in accordance with the requirements of Code Section 162(m).

  • For Awards that are intended to constitute Qualified Performance-Based Compensation, the Performance Goals may not be adjusted except as specified in the attached Schedule A, Section 4 in accordance with the requirements of Code Section 162(m).

  • In the case of an Award that is intended to constitute Qualified Performance-Based Compensation, the Committee may not increase the amount of the Award that becomes payable or pay any amount of the Award if the Performance Goals for the Performance Period are not attained, but it retains the sole discretion to reduce the amount of the Award that would otherwise be eligible to vest based on the attainment level of the Performance Goals.


More Definitions of Qualified Performance-Based Compensation

Qualified Performance-Based Compensation means any compensation awarded in accordance with Section 9 that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m) of the Code.
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Qualified Performance-Based Compensation means compensation that is intended to qualify as “performance-based compensation” under Section 162(m).
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Qualified Performance-Based Compensation means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code and which is subject to the terms and conditions set forth in Article 9.
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Qualified Performance-Based Compensation means an Award that is intended to constitute “qualified performance-based compensation” within the meaning of Section 162(m) of the Code.
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Qualified Performance-Based Compensation means qualified performance-based compensation as defined in Treasury Regulation §1.162-27(e) or any successor thereto.
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Qualified Performance-Based Compensation has the meaning given to it by the regulations promulgated under Section 162(m) of the Code.
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Qualified Performance-Based Compensation has the meaning given such term under Section 162(m) of the Code and the regulations promulgated thereunder.
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