Retention Award Terms Sample Clauses

Retention Award Terms. In consideration for Employee entering into this Agreement and fully abiding by its terms, the Company agrees to provide Employee with the following consideration: {{Int_es_:signer1:initials}} 493423 SREV
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Retention Award Terms. Under the retention program, you will be eligible to receive the Retention Award at the end of the Retention Period as follows:
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Retention Award Terms. Subject to the terms of the Plan, the Retention Award will vest in accordance with the Terms and Conditions, which shall provide for the Retention Award to fully vest on the Required Retention Date (as defined below) which shall also be referred to as the “Vesting Date,” subject to and strictly conditioned on Employee satisfying the following conditions: (i) complying with the terms of this Agreement, including the restrictive covenants set forth in this Agreement (“Restrictive Covenants”); (ii) remaining continuously employed as [●], or another role with the Company, through [●] (the “Required Retention Date”) (except as provided otherwise in the Terms and Conditions, as described below); and (iii) Employee (or Employee’s estate, as applicable) executing and not revoking an agreement that contains a release of claims (“General Release Agreement”) and other provisions, such as a non-compete and other restrictive covenant provisions, in a form satisfactory to the Company, which shall be in substantially the same form as the release contained within this Agreement, and such General Release Agreement becomes effective no later than 15 days following the Required Retention Date.
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Retention Award Terms. This Award is an incentive for you to remain employed by Xxxxxx Xxx in your current position and division, or a position and division determined by Xxxxxx Mae through at least December 1, 2022. Upon your execution of this Retention Award Agreement (“Agreement”) and conditioned upon your compliance with the terms of this Agreement, you will be eligible for the following: Payment Schedule: Payment Date Approx. % of Award to be Paid Cash Payment (As soon as practicable after) December 1, 2021 50% $800,000 (As soon as practicable after) December 1, 2022 50% $800,000
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Related to Retention Award Terms

  • Retention Award The Company shall pay the Executive $2,750,000, plus interest at the rate specified below (the “Retention Award”) in a lump-sum cash payment in July 2014, provided that the Executive remains employed through December 31, 2013. The Retention Award shall be credited with interest based on the Prime Rate of SunTrust Bank, Atlanta. For the avoidance of doubt, if the Executive is employed through December 31, 2013, the Company shall pay the Retention Award in July 2014 without regard for the Executive’s termination of employment for any reason between December 31, 2013 and July 2014.

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • Execution of Award Agreement Please acknowledge your acceptance of the terms of this Agreement by electronically signing this Agreement.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • RSUs The Continuing Stock Units shall continue to vest in accordance with the terms of the Original RSU Award Documents, on the same basis as such stock units would have become vested if Executive had remained employed under this Agreement through the Scheduled Expiration Date. Except as otherwise expressly provided herein, all such Continuing Stock Units shall be subject to, and administered in accordance with, the Original RSU Award Documents. Any of Executive’s restricted stock unit awards that have not become vested on or before the Termination Date, and that are outstanding at the Termination Date, but which are not Continuing Stock Units, shall automatically terminate on the Termination Date. Notwithstanding any term or provision of the Original RSU Award Documents:

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Performance Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

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