Cash Award definition: Copy, customize, and use instantly
Introduction
The term “Cash Award” refers to a monetary payment granted to an individual or entity as recognition for achievement, performance, or entitlement under a specific agreement. It can be structured as a bonus, incentive, compensation, or settlement and is commonly used in employment, contracts, and legal contexts.
Below are various examples of how "Cash Award" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of Cash Award as an employee bonus
This definition ties "Cash Award" to financial incentives given to employees for performance or contributions.
"Cash Award" means a monetary bonus granted to an employee as recognition for exceptional performance, achievement, or contributions to the organization.
Definition of Cash Award as a contractual incentive
This definition connects "Cash Award" to contractual agreements that include financial rewards.
"Cash Award" refers to a sum of money payable to a party upon achieving specified milestones or performance metrics under a contractual agreement.
Definition of Cash Award as a legal settlement
This definition links "Cash Award" to monetary compensation provided in legal disputes or settlements.
"Cash Award" means a sum of money granted to a party as part of a legal settlement, arbitration, or judgment in a dispute resolution process.
Definition of Cash Award as a grant or scholarship
This definition applies "Cash Award" to financial grants provided for education or research.
"Cash Award" refers to a monetary grant provided to an individual or institution for educational, research, or development purposes.
Definition of Cash Award as a competition prize
This definition ties "Cash Award" to financial prizes given in contests or tournaments.
"Cash Award" means a monetary prize granted to the winner or top participants of a competition, tournament, or contest.
Definition of Cash Award as a retirement incentive
This definition connects "Cash Award" to financial incentives for early or voluntary retirement.
"Cash Award" refers to a financial incentive provided to employees as part of a retirement package or early retirement plan.
Definition of Cash Award as an insurance payout
This definition links "Cash Award" to insurance claim settlements.
"Cash Award" means a sum of money paid to an insured party as compensation for loss, damage, or injury under an insurance policy.
Definition of Cash Award as an investment return
This definition applies "Cash Award" to financial returns on investments.
"Cash Award" refers to a cash distribution or return on investment provided to shareholders, investors, or beneficiaries.
Definition of Cash Award as a government benefit
This definition ties "Cash Award" to government-sponsored financial aid programs.
"Cash Award" means a direct monetary payment provided by a government agency to individuals or organizations as part of a benefit program.
Definition of Cash Award as a philanthropic donation
This definition connects "Cash Award" to charitable financial contributions.
"Cash Award" refers to a monetary donation granted to an individual, organization, or cause as part of a philanthropic initiative.
Definition of Cash Award as a corporate recognition program
This definition links "Cash Award" to employee recognition initiatives.
"Cash Award" means a financial reward given to employees for long-term service, innovation, or exceptional contributions to a company.
Definition of Cash Award as a consumer rebate
This definition applies "Cash Award" to cashback or rebate programs.
"Cash Award" refers to a monetary rebate or refund provided to consumers based on product purchases or participation in promotional activities.
Definition of Cash Award as a settlement for breach of contract
This definition ties "Cash Award" to monetary compensation for contract violations.
"Cash Award" means a sum of money awarded to a party as compensation for damages resulting from a breach of contract.
Definition of Cash Award as an athletic achievement reward
This definition connects "Cash Award" to financial rewards for sports accomplishments.
"Cash Award" refers to a monetary prize given to athletes or teams for outstanding performance in sports competitions.
Definition of Cash Award as a recognition for innovation
This definition links "Cash Award" to financial incentives for new ideas and technological advancements.
"Cash Award" means a monetary prize granted to individuals or teams for groundbreaking innovations, inventions, or research.
Definition of Cash Award as a loyalty program benefit
This definition applies "Cash Award" to financial rewards given to loyal customers.
"Cash Award" refers to cash-back rewards or financial incentives provided to customers as part of a loyalty or rewards program.
Definition of Cash Award as a severance payment
This definition ties "Cash Award" to compensation provided upon termination of employment.
"Cash Award" means a lump-sum payment given to an employee upon termination, layoff, or resignation under the terms of a severance agreement.
Definition of Cash Award as a discretionary payment
This definition connects "Cash Award" to payments given at the discretion of an employer or sponsor.
"Cash Award" refers to a financial grant or bonus provided at the discretion of an employer, sponsor, or funding organization.
Definition of Cash Award as a stimulus payment
This definition links "Cash Award" to government-issued economic assistance.
"Cash Award" means a direct monetary payment provided by the government to individuals or businesses as part of an economic stimulus program.
Definition of Cash Award as a reimbursement for expenses
This definition applies "Cash Award" to financial reimbursements.
"Cash Award" refers to a sum of money reimbursed to individuals or entities for pre-approved expenses incurred during business, travel, or professional activities.
Definition of Cash Award as a performance incentive
This definition ties "Cash Award" to employee recognition based on performance.
"Cash Award" means a monetary incentive granted to an employee for exceptional performance, achievements, or contributions.
Definition of Cash Award as a discretionary bonus
This definition connects "Cash Award" to company-issued bonuses.
"Cash Award" refers to a one-time monetary bonus granted at the discretion of an employer or organization.
Definition of Cash Award as a legal settlement
This definition links "Cash Award" to compensation from legal proceedings.
"Cash Award" means financial compensation granted through a legal settlement or court judgment.
Definition of Cash Award as a government grant
This definition applies "Cash Award" to government financial assistance.
"Cash Award" refers to a sum of money provided by a government agency as part of a grant or subsidy program.
Definition of Cash Award as a shareholder distribution
This definition ties "Cash Award" to payments made to shareholders.
"Cash Award" includes dividends or profit-sharing distributions issued to shareholders of a company.
Definition of Cash Award as a financial aid grant
This definition connects "Cash Award" to student financial assistance.
"Cash Award" means a sum of money granted to a student as financial aid, scholarship, or educational assistance.
Definition of Cash Award as a charitable donation
This definition links "Cash Award" to financial contributions for philanthropy.
"Cash Award" includes monetary donations given to charities, non-profits, or social causes.
Definition of Cash Award as a contractual payout
This definition applies "Cash Award" to contractually agreed-upon payments.
"Cash Award" means any monetary amount owed under a contractual agreement, including incentive-based payments.
Definition of Cash Award as an insurance claim payout
This definition ties "Cash Award" to financial settlements from insurance claims.
"Cash Award" refers to an insurance settlement payment issued as compensation for covered damages or losses.
Definition of Cash Award as a compensation package component
This definition connects "Cash Award" to executive or employee compensation.
"Cash Award" includes monetary compensation granted as part of an executive or employee remuneration package.
Definition of Cash Award as a promotional reward
This definition links "Cash Award" to marketing giveaways and prizes.
"Cash Award" means a cash prize or promotional reward given as part of a sweepstakes, contest, or marketing campaign.
Definition of Cash Award as a contractual breach penalty
This definition applies "Cash Award" to payments arising from contract violations.
"Cash Award" includes financial penalties or settlements paid due to contract breaches or non-compliance.
Definition of Cash Award as an athletic competition prize
This definition ties "Cash Award" to winnings in professional sports.
"Cash Award" means a monetary prize granted to athletes for winning competitions or achieving specific milestones.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.