Subsequent Awards Clause Samples
The "Subsequent Awards" clause defines how additional awards or decisions may be issued after an initial arbitration or adjudication award. Typically, this clause allows the arbitrator or tribunal to address issues that were not resolved in the original award, such as costs, interest, or clerical errors, by issuing further awards as needed. Its core practical function is to ensure that all outstanding matters are properly resolved, preventing disputes from remaining partially unsettled due to omissions or oversights in the initial decision.
Subsequent Awards. In the sole discretion of the Company, subsequent grants of Restricted Performance Shares to Participant, if any, may be evidenced by amending Appendix A of this Agreement to reflect such subsequent grant. Any such subsequent grant of Restricted Performance Shares shall be issued upon acceptance by Participant and upon satisfaction of the conditions of this Agreement and the Plan. Participant shall accept any such subsequent grant of Restricted Performance Shares when issued and agrees with respect thereto to the terms and conditions set forth in this Agreement and the Plan. Regardless of the number of subsequent grants of Restricted Performance Shares, if any, evidenced by this Agreement, this Agreement shall be interpreted to apply separately to each grant of Restricted Performance Shares.
Subsequent Awards. During the Employment Term, Executive shall ----------------- be eligible to receive additional stock and stock option grants, as determined by and at the sole discretion of the Board's Compensation Committee.
Subsequent Awards. Beginning in calendar year 2003, the Executive shall be eligible during the Term to receive additional equity grants and awards as determined by the Board (or a committee thereof) in its discretion, with all such grants and awards to be made on the same terms and conditions as the initial awards in Section 5(a) above (except that the exercise price for any options shall be at the market price on the date of grant or such lesser price as determined by the Board (or a committee thereof)).
Subsequent Awards. During the Employment Term, Executive shall be eligible to receive annual stock and stock option grants equal to or greater than the median grants made to Chief Executive Officers of typical comparable companies, as determined in good faith by the Board's compensation committee.
Subsequent Awards. Provided Arpey remains an employee of the Corporation, he will receive a minimum of 58,000 Deferred Shares in each of the succeeding four years after 2005 (collectively, the “Subsequent Awards” and individually a “Subsequent Award”). Each Subsequent Award shall be made in accordance with the terms of the 1998 Plan or under such other plan, program or arrangement under which awards of this nature are authorized for issuance (the “Applicable Equity Plan”). The grant date for each Subsequent Award will be no later than December 31 of such succeeding year. In the event the Board has not granted any such Subsequent Award in a succeeding year, the grant date for the Subsequent Award in that year will be deemed to be the last business day of July. Vesting of a Subsequent Award will be in accordance with Sections 2, 3 and 4 of this Agreement and the number of Deferred Shares vesting for each Subsequent Award may range from 0% to 175%.
Subsequent Awards. . In the sole discretion of the Company, subsequent grants of Restricted Shares to Participant, if any, may be evidenced by amending Appendix A of this Agreement to reflect such subsequent grant. Any such subsequent grant of Restricted Shares shall be issued upon acceptance by Participant and upon satisfaction of the conditions of this Agreement and the Plan. Participant shall accept any such subsequent grant of Restricted Shares when issued and agrees with respect thereto to the terms and conditions set forth in this Agreement and the Plan. Regardless of the number of subsequent grants of Restricted Shares, if any, evidenced by this Agreement, this Agreement shall be interpreted to apply separately to each grant of Restricted Shares.
Subsequent Awards. Executive acknowledges that the equity awards provided pursuant to Section 6(a) are intended to better align the Executive’s interest to those of the Company’s stockholders on an accelerated basis, and that accordingly Executive will next be eligible to receive grants beginning with the regular annual cycle of grants to senior executives of the Company and other key employees scheduled for the next fiscal or calendar year after 2014, subject in all cases to such terms and conditions specified by the Board.
Subsequent Awards. Stock options, stock appreciation rights and other equity-based awards granted by the Company after June 30, 2003.
Subsequent Awards. Beginning in calendar year 2003, the Executive shall be eligible during the Term to participate in the Company's long-incentive plans, including, but not limited to, the Company's 2003 Long-Term Equity Compensation Plan, as amended from time to time (including any successor thereto) and to receive additional equity grants and awards as determined by the Board (or a committee thereof) in its discretion, with all such grants and awards to be made on the same terms and conditions as the initial awards in Section 5(a) above (except that the exercise price for any options shall be at the market price on the date of grant or such lesser price as determined by the Board (or a committee thereof).
Subsequent Awards. For each Employment Year after the first Employment Year, the Company shall grant to Executive nonqualified stock options under the SOP or any successor plan thereto (each such grant, a "Subsequent Award"). The number of shares of the Common Stock subject to each Subsequent Award shall be based on Executive’s performance across a wide set of criteria, with a target number of shares of Common Stock that would cause such Subsequent Award to have a fair value (determined using the accounting methods employed by the Company for financial reporting purposes under Generally Accepted Accounting Principles) as of the date of grant of the Subsequent Award equal to 60% of Executive's Base Salary in effect on the date of grant of the Subsequent Award; it being understood that the actual number of shares of Common Stock subject to a Subsequent Award may be more or less than the number determined above, based on the circumstances considered by the Committee. The exercise price for the options granted in each Subsequent Award shall equal the Market Value (as that term is defined in, and determined pursuant to the SOP) of a share of Common Stock on the date of grant of such Subsequent Award. Except as provided in Section 8 of this Agreement, each Subsequent Award shall vest in accordance with Section 8(a) of the SOP or any successor plan thereto; provided, however, that the fourth and fifth sentences of Section 8(a) of the SOP shall not apply to the Subsequent Awards. The Subsequent Awards shall be set forth in award agreements consistent with the terms and conditions of the SOP or any successor plan thereto.