New Awards. During the Employment Period, Executive will be eligible to participate in awards under the Stock Incentive Plan, MIP and LRPIP at a level commensurate with her position and responsibilities and subject to such terms as shall be established by the Committee including without limitation an award of 300,000 shares of performance-based restricted stock in connection with the execution of this Agreement (the “new PBRS award”) that shall be subject to the vesting terms describe in (i) and (ii) below.
New Awards. Awards based on pending proposals normally incorporate the proposed budgets. New awards that are made six months from now that are based on proposals signed off at the FY2012 rates will be set up at that rate and will be charged the F&A rate and base stipulated in the award agreement from the initial budget period through the project period awarded. For example, NSF awards often project a three-year grant based on a three-year proposal, but only fund one year at a time. As the funding level for all three years is based on the initial proposal, all three years would carry the rate in the approved proposal. Subawards The first $25,000 of each subgrant or subcontract is assessed the on-campus F&A rate. Per Federal regulations (OMB Circular A-110) the terms “subgrant” and “subcontract” refer to awards for a substantive portion of the work of a sponsored project. This covers research efforts involving collaborative or substantive contribution to the research. This does not include procurement of goods and services, such as analytical services and logistical support, which would be handled as procurements and carry full F&A.
New Awards. “New Awards” shall mean the IPO Stock Option and any other stock options, restricted stock or other equity awards granted to the Executive by the Company, with the exception of the Existing Options.
New Awards. During the Employment Period (and prior thereto, in the case of the award described in Section 3(c)(iii) below), Executive will be eligible to participate in awards (including Annual PBRS Awards as hereinafter defined but not including new stock option awards) under the Stock Incentive Plan and in awards under MIP and LRPIP, in each case at a level commensurate with her position and responsibilities as specified below and subject to such terms as shall be established by the Committee consistent with the following provisions of this Section 3(c). Without limiting such other rights as Executive may have under awards granted under the Stock Incentive Plan:
New Awards. Following the Commencement Date, Employee shall be granted options to purchase common stock of Employer, and shares of restricted common stock of Employer, as set forth on Annex A hereto, and upon such terms and conditions as determined by the Board (or a committee thereof) in its sole discretion (the "New Awards"). Notwithstanding anything contained in this Agreement to the contrary, 100% of the New Awards shall fully and immediately vest on the date of (i) a Corporate Transaction (as such term is defined in the Employer's 2004 Amended and Restated Stock Option Plan, as in effect as of the date hereof) but excluding any Corporate Transaction that is either a Related Party Transaction (as defined in the Plan) and a transaction involving a secondary public offering of the common stock of Employer; (ii) a termination of Employee's employment due to death or Disability (to the extent provided under Article IV below), or (iii) a termination of Employee's employment by Employer without Cause or by him for Good Reason (to the extent provided under Article IV below).
New Awards. Xxxxx acknowledges and agrees that no new equity awards will be made to her between the Effective Date and the Retirement Date.
New Awards. During the Employment Period, Executive will be eligible to participate in awards under the Stock Incentive Plan, MIP and LRPIP at levels commensurate with his position and responsibilities and subject to such terms as shall be established by the Committee. With respect to Stock Incentive Plan awards described in Section 3(b) (Existing Awards) and this Section 3(c) (New Awards), Executive will be entitled to tender shares of Parent common stock not then subject to restrictions under any Parent plan, or to have shares of stock deliverable under the awards held back, subject to such rules and limitations as Parent may prescribe but not in excess of the maximum amount of withholding consistent with treating the awards as subject to equity award accounting.
New Awards. During the Employment Period, Executive will be eligible to participate in stock-based awards under the Stock Incentive Plan and in awards under MIP and LRPIP, in each case at a level commensurate with his position and responsibilities and subject to such terms as shall be established by the Committee. With respect to Stock Incentive Plan awards described in Section 3(b) (Existing Awards) and this Section 3(c) (New Awards), Executive will be entitled to tender shares of Company common stock not then subject to restrictions under any Company plan, or to have shares of stock deliverable under the awards held back, to satisfy tax withholding in connection with such awards, subject to such rules and limitations as the Company may prescribe. From and after the Effective Date, each award opportunity granted to Executive under MIP shall have a target award level that is no less than one hundred fifty percent (150%) of Executive’s Base Salary earned for the applicable fiscal year and each award opportunity granted to Executive under LRPIP shall have a target award level that is no less than one hundred percent (100%) of Executive’s Base Salary for one year at the rate in effect at the time of such grant, determined in accordance with MIP and LRPIP.
New Awards. In exchange for the Employee’s agreement to cancel the Awarded Shares, the Award Agreement, and any other rights, obligations, and liabilities of the Company thereunder, and the release of claims set forth in Section 1.3 below, the Company hereby agrees to grant the Employee, as soon as administratively practicable after the Effective Date and subject to Board approval, the following new awards under the Incentive Plan (the awards described in Sections 1.2(a) and (b) below are collectively referred to herein as, the “New Awards”):
