Common use of Settlement of Awards; Other Terms Clause in Contracts

Settlement of Awards; Other Terms. Settlement of Performance-Based Awards shall be in cash, shares of Stock, other Awards or other property, as determined in the sole discretion of the Committee. The Committee may, in its sole discretion, reduce the amount of a settlement otherwise to be made in connection with such Awards. The Committee shall specify the circumstances in which such Performance-Based Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a Performance Period or settlement of such Awards.

Appears in 2 contracts

Samples: __________________________________________________________________ (China Armco Metals, Inc.), Dell Inc

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Settlement of Awards; Other Terms. Settlement of Performance-Based such Performance Awards shall be in cash, shares of StockShares, other Awards Awards, or other property, as determined in the sole discretion of the Committee. The Committee may, in its sole discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance Awards. The Committee shall specify the circumstances in which such Performance-Based Performance Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a Performance Period performance period or settlement of such Awards.

Appears in 2 contracts

Samples: RLJ Lodging Trust, RLJ Lodging Trust

Settlement of Awards; Other Terms. Settlement of Performance-Based such Awards shall be in cash, shares of Stock, other Awards or other property, as determined in the sole discretion of the Committee. The Committee may, in its sole discretion, reduce the amount of a settlement otherwise to be made in connection with such Awards. The Committee shall specify the circumstances in which such Performance-Based Performance or Annual Incentive Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a Performance Period performance period or settlement of such Awards.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Enterprise Acquisition Corp.)

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Settlement of Awards; Other Terms. Settlement of Performance-Based such Awards shall be in cash, shares of StockShares, other Awards or other property, as determined in the sole discretion of the CommitteeBoard. The Committee may, in its sole discretion, reduce the amount of a settlement otherwise to be made in connection with such Awards. The Committee Board shall specify the circumstances in which such Performance-Based Awards Performance Shares or Performance Units shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a Performance Period performance period or settlement of such Awards.

Appears in 1 contract

Samples: Colonial Properties Trust

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