Value Award Sample Clauses

Value Award. The Value Award shall be calculated by multiplying the Base Award times a percentage that is equal to the increase (expressed as a percentage) in the Share Value of Southern Energy, Inc. ("Southern Energy") as determined first on the most recent Valuation Date preceding the Effective Date and then again on the most recent Valuation Date preceding the Vesting Date. Notwithstanding the above, in the event of termination of employment under Section 6, the Employee, or his estate in the event of death, shall be entitled to a partial payment of the Value Award (the "Partial Value Award"). The Partial Value Award shall be calculated by multiplying the Base Award by a percentage that is equal to the increase (expressed as a percentage) in the Share Value of Southern Energy as determined first on the most recent Valuation Date preceding the Effective Date and then again on the most recent Valuation Date preceding the date of termination of employment. Notwithstanding the above, the payment of any Value Award or Partial Value Award under this Section 3 is expressly conditioned upon the determination that the Share Value of Southern Energy immediately preceding the Vesting Date or the date of termination of employment, whichever is applicable, is greater than the Share Value of Southern Energy on the Effective Date. The terms "Share Value"
Sample 1
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Value Award. The Value Award shall be calculated by multiplying the Base Award times a percentage that is equal to the increase (expressed as a percentage) in the Share Value of Southern Energy as determined on the most recent Valuation Date preceding the Original Effective Date, this Share Value converted in a manner consistent with the conversion under the former Southern Energy Resources, Inc. Value Creation Plan, as in effect immediately prior to the termination thereof (the "VCP"), and the increase in this "converted" Share Value attributable to the increase, if any, in the common stock of Southern Energy as determined on the Vesting Date. In the event of termination of employment under Section 6, the Employee, or his estate in the event of death,
Sample 1

Related to Value Award

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

  • 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 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.

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 50,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

  • The Award All compensation awarded for any taking, whether for the whole or a portion of the Leased Premises, shall be the sole property of the Landlord whether such compensation shall be awarded for diminution in the value of, or loss of, the leasehold or for diminution in the value of, or loss of, the fee in the Leased Premises, or otherwise. The Tenant hereby assigns to Landlord all of Tenant's right and title to and interest in any and all such compensation. However, the Landlord shall not be entitled to and Tenant shall have the sole right to make its independent claim for and retain any portion of any award made by the appropriating authority directly to Tenant for loss of business, or damage to or depreciation of, and cost of removal of fixtures, personalty and improvements installed in the Leased Premises by, or at the expense of Tenant, and to any other award made by the appropriating authority directly to Tenant.

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