Value Creation Plan. “Value Creation Plan” means the Value Creation Plan or any similar plan, or successor plan of the LTIP.
Value Creation Plan. The Executive shall be deemed a “Participant” for purposes of the Company’s Value Creation Plan, as approved by the Company’s Compensation Committee on May 14, 2013 and attached hereto as Exhibit B (the “VCP”). Notwithstanding anything in the VCP to the contrary, the Company agrees as follows:
Value Creation Plan. 6.1 Upon execution of the Agreement, you will receive a special one-time grant under the Sotheby’s 2003 Restricted Stock Plan of 38,344 shares of restricted stock (the “VCP Shares”), which will vest subject to the satisfaction of certain performance criteria, as described in Exhibit A.
Value Creation Plan. Any of Ms. Fuller's Appreciation Rights or Indexed Rigxxx xxxxx xxe Value Creation Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and fully vested to the full extent of the original grant. Notwithstanding anything in the Value Creation Plan to the contrary, Share Value with respect to any Appreciation Rights or Indexed Rights held by Ms. Fuller following her Termination Date shall be no less than the Share Value as of the date of the Change in Control of Southern or the Company, as the case may be.
Value Creation Plan. Any of Mr. Pershing's Xxxxxxxxxxxx Xxghts or Indexed Rights under the Value Creation Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and fully vested to the full extent of the original grant. Notwithstanding anything in the Value Creation Plan to the contrary, Share Value with respect to any Appreciation Rights or Indexed Rights held by Mr. Pershing following his Terminxxxxx Xxxx shall be no less than the Share Value as of the date of the Change in Control of Southern or SEI, as the case may be. In addition, notwithstanding any provision in this Agreement to the contrary, Mr. Pershing's rights and benefitx xxxxx xxx xxxms of the Value Creation Plan will not be prejudiced by execution of this Agreement.
Value Creation Plan. In the event Mr. Klappa transfers his employment to an affiliate of Southern, axx xxxxxxxt to the Southern Energy Resources, Inc. Value Creation Plan (the "Plan") he has Indexed Rights that have not vested at the time of such transfer, and the Administrative Committee for the Plan fails to take action to provide Mr. Klappa relief from Section 4.5 of the Plan to the extent it prxxxxxx xxx forfeiture of unvested Indexed Rights upon termination from the Company for reasons other than Cause and provide that any of Mr. Klappa's unvested Indexed Rights shall continue to vest as lonx xx Xx. Xxxppa remains employed by an affiliate of Southern, then the Xxxxxxx xxall pay Mr. Klappa an amount equal to what he would have received had such Xxxxxxx Xights continued to vest following his transfer to an affiliate of Southern, become vested and been exercised by Mr. Klappa within the time period that would have existed under thx Xxxx xxx such exercise. In determining such amount, the method that would have applied under the Plan shall be used.
Value Creation Plan. Value Creation Plan," when immediately preceded by "Southern Energy," means the Southern Energy Value Creation Plan, as maintained by Southern Energy as of the date of the Agreement.
Value Creation Plan. Any of Ms. Fuller's Appreciatixx Xxxxxx xx Indexed Rights under the Value Creation Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and fully vested to the full extent of the original grant. Notwithstanding anything in the Value Creation Plan to the contrary, Share Value with respect to any Appreciation Rights or Indexed Rights held by Ms. Fuller following her Terminxxxxx Xxxx shall be no less than the Share Value as of the date of the Change in Control of Southern or SEI, as the case may be. In addition, notwithstanding any provision in this Agreement to the contrary, Ms. Fuller's rights and benefits uxxxx xxx xxxms of the Value Creation Plan will not be prejudiced by execution of this Agreement.
Value Creation Plan. Notwithstanding the foregoing, solely for purposes of the Company’s Value Creation Plan, effective August 27, 2009 and amended as of May 23, 2011 (the “Value Creation Plan”), the Executive’s termination of employment from the Company shall be deemed a “Termination of Service . . . by the Employer without Cause” (within the meaning of the Value Creation Plan) and the Executive’s outstanding units granted under the Value Creation Plan shall vest and be settled to the extent contemplated by the Value Creation Plan in the event of such a termination. Any distribution to be made to the Executive in connection with the Value Creation Plan shall be made consistent with the Executive’s prior deferral election regarding such plan.
Value Creation Plan. Any of Mr. Hill's Appreciation Rigxxx xx Xxxxxed Rights under the Value Creation Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(iii) by reference) which are outstanding as of the Termination Date and which are not then exercisable and vested, shall become fully exercisable and fully vested to the full extent of the original grant. Notwithstanding anything in the Value Creation Plan to the contrary, Share Value with respect to any Appreciation Rights or Indexed Rights held by Mr. Hill following his Termination Xxxx xhall be no less than the Share Value as of the date of the Change in Control of Southern or SEI, as the case may be. In addition, notwithstanding any provision in this Agreement to the contrary, Mr. Hill's rights and benefits uxxxx xxx xerms of the Value Creation Plan will not be prejudiced by execution of this Agreement.
