Award Sample Clauses
The 'Award' clause defines the decision or judgment rendered by an arbitrator or tribunal at the conclusion of a dispute resolution process. It typically outlines how the award is determined, what remedies or compensation may be granted, and the binding nature of the decision on the parties involved. For example, the clause may specify that the award is final and enforceable in court, or detail the timeframe within which the award must be complied with. Its core practical function is to provide a clear, enforceable resolution to disputes, ensuring that both parties understand the outcome and their obligations following arbitration.
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Award. Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.
Award. The Parties agree that the award of a majority of the arbitrators, or in the case of a single arbitrator, of such arbitrator, shall be final and binding upon each of them.
Award. If any Taking occurs, then Landlord shall receive the entire award or other compensation for the Land, the Building, and other improvements taken; however, Tenant may separately pursue a claim (to the extent it will not reduce Landlord’s award) against the condemnor for the value of Tenant’s personal property which Tenant is entitled to remove under this Lease, moving costs, loss of business, and other claims it may have.
Award. The Company hereby grants to the Participant the Award of restricted stock units (each such unit, an “RSU”), where each RSU represents the right of the Participant to receive one Share in the future once the Restricted Period ends, subject to the terms of this Award Agreement and the Plan.
Award. The Department hereby awards, subject to the terms and conditions of this Agreement, a Credit for the Company against its Illinois State Income Taxes imposed for a Taxable Year on or after January 1, 2021 in the amount and for the duration set forth in Sections II.B through II.D.
Award. Upon the conclusion of any arbitration proceedings hereunder, the arbitrator will render findings of fact and conclusions of law and a written opinion setting forth the basis and reasons for any decision reached and will deliver such documents to each party to this Agreement along with a signed copy of the award.
Award. In accordance with the Plan, the Company has made this Award, effective as of the Date of Grant and upon the following terms and conditions:
Award. Subject to Clause 32, the Employer will award the contract to the bidder whose bid has been determined to be substantially responsive to the bidding documents and who has offered the lowest Evaluated Bid Price pursuant to Clause 29, provided that such bidder has been determined to be (a) eligible in accordance with the provisions of Sub-Clause 3.1, and (b) qualified in accordance with the provisions of Clause 4.
Award. Award shall be made on an all-or-none total estimated quote basis to the lowest responsive and responsible Quoter.
Award. The Corporation hereby awards to Participant [___] Restricted Stock Units (the “Restricted Stock Units”). The Restricted Stock Units will be subject to the terms and conditions of the Plan and this Agreement. Each Restricted Stock Unit is a notional amount that represents one unvested share of Stock and entitles Participant, subject to the terms of this Agreement, to receive a share of Stock if and when the Restricted Stock Unit vests.