Annual Award. Annual Award" means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.
Annual Award. “Annual Award” means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation’s Management Incentive Plan, including any portion thereof that has been earned but deferred.
Annual Award. With respect to each fiscal year of the Employer ending during the Employment Period, the Executive shall be eligible to receive annual equity awards under the Incentive Plan (“Annual Award”). The level of the Executive’s participation in any such plan, if any, shall be determined in the discretion of the Committee from time to time. The target grant value of the Annual Award is $150,000, but the actual value of any grant may be higher or lower based on Committee discretion. Terms and conditions of such awards shall be governed by the terms and conditions of the applicable plan and the applicable award agreements.
Annual Award. With respect to each full fiscal year during the Employment Term, Executive will be eligible for an award under the LTIP of performance restricted share units with a target value, determined by the Company pursuant to a reasonable and uniform methodology, equal to $640,000 on the date of grant (the “Annual Award”), and will be scheduled to vest and be settled in accordance with the applicable performance criteria and vesting schedule provided in the applicable Award Agreement.
Annual Award. All full-time teachers will be awarded sick leave and/or personal business leave annually according to the following schedule:
Annual Award. Subject to any conditions set in Schedule 1, Executive shall be eligible to receive an annual equity award, subject to the terms of the Liquidity Services, Inc. Second Amended and Restated 2006 Omnibus Long-Term Incentive Plan, as amended, or any successor plan, as determined by the Board or any committee thereof.
Annual Award. An annual award of shares of Company common stock having an aggregate value equal to half the Executive’s then Base Salary (“Stock Compensation”). The shares shall vest quarterly in equal amounts over a three-year period after the grant. While the Executive acknowledges that he is responsible to pay income taxes applicable to any issuances of stock pursuant to meeting the Annual Award, the Company agrees that it shall withhold and pay the taxes on behalf of the Executive and will cover any additional taxes owed by the Executive via a net issuance at time of issuance of any shares related to the Annual Award and/or at the time of a Code 83(b) election, if so requested by the Executive. Treatment upon termination of employment Death or Disability All unvested award shares immediately vest on the applicable Termination Date. Voluntary quit All unvested award shares that did not yet vest will be cancelled on the last day of employment. Termination for Cause All unvested award shares that did not yet vest will be cancelled on the last day of employment. Termination without Cause or for Good Reason All unvested award shares immediately vest on the applicable Termination Date. The terms of any award under this Exhibit B shall be more fully set forth in an Award Agreement. It is expressly acknowledged and agreed that this Exhibit B is a summary of the contemplated terms of the applicable Award Agreement, which shall be subject to the Company’s receipt of all corporate approvals required by applicable law or the applicable rules and regulations prior to effectiveness thereof. To the extent that there is any conflict between the terms of this Exhibit B and the applicable Award Agreement, the terms of the Award Agreement shall govern. Exhibit C (Board Resolutions for Prospective Waiver of Corporate Opportunities) The Board of the Company has been advised by the Executive that he has a minority ownership interest in a retail CBD business known as Bellerose CBD Trade Co (“Bellerose”). It is currently located at 1000 Xxxxx Xxxxxxxx, Xxxxxx, XX 00000. The Company waives any and all rights to the Executive’s interest in Bellerose and the Executive shall be allowed to maintain its ownership interest in Bellerose even though some of Bellerose’s business may compete with the Company.
Annual Award. With respect to each fiscal year of the Employer ending during the Employment Period, the Executive shall be eligible to receive annual equity awards under the WillScot Mobile Mini Holdings Corp. 2020 Incentive Award Plan or other long-term equity incentive plan of the Employer then in effect (the “Plan”), 65% of which shall be in the form of performance-based restricted stock units (“PSUs”) vesting over three years and 35% in the form of restricted stock units (“RSUs”) vesting ratably over four years. The level of the Executive’s participation in the Plan, if any, shall be determined in the discretion of the Committee from time to time. The target grant value of this annual award is $750,000, but the actual value of any grant may be higher or lower based on Committee discretion. Terms and conditions of such awards shall be governed by the terms and conditions of the Plan and the applicable award agreements.
Annual Award. With respect to each fiscal year of the Employer ending during the Employment Period, the Executive shall be eligible to receive annual equity awards under the WillScot 2017 Incentive Award Plan or other long-term equity incentive plan of the Employer then in effect (the “Plan”), 60% of which shall be in the form of performance-based restricted stock units (“PSUs”) vesting over three years and 40% in the form of restricted stock units (“RSUs”) vesting ratably over four years. The level of the Executive’s participation in the Plan, if any, shall be determined in the discretion of the Committee from time to time. The target grant value of this annual award shall be $2,600,000, but the actual value of any grant may be higher or lower based on Committee discretion. Terms and conditions of such awards shall be governed by the terms and conditions of the Plan and the applicable award agreements.
Annual Award. Award of any movement requirement with a duration of performance that encompasses at least 12 consecutive months. Bid. See Rate and Service Proposal.
