Define: Performance Award
What does "Performance Award" mean? The meaning differs based on the contract. We found 4 definitions across 4 companies in SEC filings.
Definition 1 (CATERPILLAR INC, seen in 1 filing)
Performance Award means a right to receive an amount of cash, Common Stock, or a combination of both, contingent upon the attainment of specified Performance Measures within a specified Performance Period.
Source: CATERPILLAR INC 10-K
Definition 2 (ATMOS ENERGY CORP, seen in 1 filing)
Performance Award means a performance-based Award, which may be in the form of either Performance Shares or Performance Units.
Source: ATMOS ENERGY CORP 10-K
Definition 3 (BOSTON SCIENTIFIC CORP, seen in 1 filing)
Performance Award means An Award that is subject to vesting based on the attainment of Performance Criteria.
Source: BOSTON SCIENTIFIC CORP 10-K
Definition 4 (Coupang, Inc., seen in 1 filing)
Performance Award means an Award that may vest or may be exercised or a cash award that may vest or become earned and paid contingent upon the attainment during a Performance Period of certain Performance Goals and which is granted under the terms and conditions of Section 5(b) pursuant to such terms as are approved by the Board. In addition, to the extent permitted by Applicable Law and set forth in the applicable Award Agreement, the Board may determine that cash or other property may be used in payment of Performance Awards. Performance Awards that are settled in cash or other property are not required to be valued in whole or in part by reference to, or otherwise based on, the Common Stock.
Source: Coupang, Inc. 10-K
Data extracted from 5 SEC EDGAR filings across 4 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.