A Recipient definition

A Recipient s interest in the Option shall vest according to the provisions of this Section 8 and shall be exercisable as to not more than the vested percentage of the shares subject to the Option at any point in time. Furthermore, the Option is exercisable only if the issuance of Shares upon exercise would comply with applicable securities laws. To the extent the Option is either unexercisable or unexercised, the unexercised portion shall accumulate until the Option both becomes exercisable and is exercised, subject to the provisions of Section 9 of the Agreement. The Option shall become vested as follows: Anniversary of Date of Grant Date of Grant August 17, 2001, August 16, 2002 After August 16, 2003 Vested Percentage of Option 50% 75% 100% The Committee, in its sole and absolute discretion, may accelerate the vesting of the Option at any time. The Option shall automatically become 100% vested upon the occurrence of a Change of Control.
Sample 1
A Recipient means a person to whom a consignment should be delivered, or which is marked by a Principal as a Recipient (hereinafter also „a Recipient“).
Sample 1
A Recipient s duty to protect Confidential Information expires three (3) years from the End Date. A Recipient, upon Discloser's written request, will promptly return all Confidential Information received from the Discloser, together with all copies, or certify in writing that all such Confidential Information and copies thereof have been destroyed.
Sample 1

Examples of A Recipient in a sentence

  • A Recipient will use the Confidential Information only for the Purpose described above.

  • A Recipient will use the same degree of care, but no less than a reasonable degree of care, as the Recipient uses with respect to its own information of a similar nature to protect the Confidential Information and to prevent: - Any use of Confidential Information in violation of this agreement; and/or - Communication of Confidential Information to any unauthorized third parties.

  • A Recipient, upon Discloser’s written request, will promptly return all Confidential Information received from the Discloser, together with all copies, or certify in writing that all such Confidential Information and copies thereof have been destroyed.

  • A Recipient will, by responding to Bank RFP, be deemed to have accepted the terms as stated in the RFP.

  • A Recipient will, by responding to the Bank’s RFP document, be deemed to have accepted the terms as stated in this RFP document.

  • A Recipient must accept the Transfer within 10 days, or the Transfer will be cancelled and reversed.

  • A Recipient that is a state agency or agency of a political subdivision of a state and its contractors must comply with section 6002 of the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act.

  • A Recipient may disclose Confidential Information if it is required to do so by applicable law, regulation or court order but, where legally permissible, will provide advance notice to the Discloser to enable the Discloser to seek a protective order or other similar protection if feasible.

  • A Recipient of federal assistance through a Cooperative Agreement must use the DELPHI eInvoicing System to obtain federal payments for costs incurred that implement the Underlying Agreement, unless a waiver is granted.

  • A Recipient that receives planning, capital and/or operating assistance and that will award prime third party contracts exceeding $250,000 in a federal fiscal year must have a DBE program that is approved by FTA and meets the requirements of 49 C.F.R. part 26.

Related to A Recipient

  • Sub-Recipient means a partner, joint venturer, director, employee, agent and subcontractors of a Recipient to whom a Recipient must disclose Confidential Information.

  • Data Recipient means the party (being either the Association or #[Party 2], as appropriate) to whom Data is disclosed;

  • Designated recipient means a person chosen by a user using an online tool to administer digital assets of the user.

  • Prime Recipient means a Colorado State agency or institution of higher education that receives an Award.

  • Primary recipient means any recipi- ent which is authorized or required to extend or distribute Federal financial assistance to another recipient.

  • Payment Recipient has the meaning assigned to it in Section 8.09(a).

  • Grant Recipient means a nonprofit or governmental organization that receives funds to operate a center pursuant to this act.

  • Subrecipient means an entity that:

  • Intended Recipient means any person or party to whom any Messages are intended by the sender to be sent through or incidental to any of the Tradelink Services.

  • Service Recipient means, with respect to a Participant holding a given Award, the member of the Company Group by which the original recipient of such Award is, or following a Termination was most recently, principally employed or to which such original recipient provides, or following a Termination was most recently providing, services, as applicable.

  • Recipient means the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder.

  • Information Recipient has the meaning stated in Section 4.9(a).

  • Eligible Recipient means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

  • Eligible Recipients means all Employees, all Non-Employee Directors and all Consultants.

  • Information Recipients has the meaning stated in Section 4.9(a).

  • Recipients has the meaning set forth in Section 7.1.

  • Nominated Recipient means a person appointed by You to receive particular FIT Payments and recorded as such on the Central FiT Register;

  • Alternate Recipient means any Child of a Participant who is recognized under a Medical Child Support Order as having a right to enrollment under this Plan as the Participant’s eligible Dependent. For purposes of the benefits provided under this Plan, an Alternate Recipient shall be treated as an eligible Dependent, but for purposes of the reporting and disclosure requirements under ERISA, an Alternate Recipient shall have the same status as a Participant.

  • Award Recipient means the person, entity or entities that are to receive or have received grant funds through an award from the Illinois State Board of Education. The terms "grantee" and "award recipient" may be used interchangeably.

  • Recipient Party means the Party which receives Confidential Information from the other Party.

  • Service Provider means an Employee, Director or Consultant.

  • Third Party Service Provider means any consultant, agent, advisor, or independent contractor who renders services to the Company, a Subsidiary, or an Affiliate that (a) are not in connection with the offer and sale of the Company’s securities in a capital raising transaction, and (b) do not directly or indirectly promote or maintain a market for the Company’s securities.

  • Permitted Recipients means the parties to this agreement, the employees of each party and any third parties engaged to perform obligations in connection with this Agreement;

  • The Service Provider means the organization or firm providing the services under this Contract.

  • at the individual request of a recipient of services means that the service is provided through the transmission of data on individual request.

  • host distributor means a distributor who is a market participant and who distributes electricity to another distributor who is not a market participant.