CMDC definition
Examples of CMDC in a sentence
If the Firm’s CET1 capital ratio at any year end during the Performance Period is below this predetermined threshold, up to one-third of the Target Award Number of PSUs will be subject to downward adjustment by the CMDC for each such year.
Executive agrees and understands, however, that the actual amount of the Bonus, if any, will be determined by the CMDC in its sole discretion.
If no such judgment has been obtained and, in all events, upon a Change in Control, neither the CMDC nor anyone else shall have the right to revoke the Trust or reclaim any funds or other assets deposited or otherwise held in the Trust unless specifically provided in paragraph (c) below, in Section 2(a) below, or elsewhere in this Agreement.
Employee agrees that any breach of such Subsections (b) and (c) will cause CMDC and/or Comtech substantial and irreparable damage and therefore, in the event of any such breach, in addition to such other remedies which may be available, CMDC and/or Comtech shall have the right to seek specific performance and injunctive relief.
In case of delayed delivery, Acer shall pay to Relief an amount of penalty in line with the Acer’s CMDC terms.
The Executive will be eligible to participate in the long-term incentive plan in place at the time and as authorized by the CMDC, at the time of the normal equity grant, with a target value of 100% of base salary.
The Executive will be eligible to participate in the long-term incentive plan in place at the time and as authorized by the CMDC, at the time of the normal equity grant, with the first year’s target value of 175% of base salary.
Executive understands and acknowledges that LTI grant(s) are subject to review, discretion, and approval of the CMDC.
For purposes of this Trust, the term “Plans,” as of the original effective date of this Agreement, refers to the following arrangements, provided, however, that the term “Plans” includes only the benefits payable under such arrangements to individuals who are actively employed by the Company on or after August 31, 2009, and, provided, further, that the CMDC reserves the right, in its discretion, to treat additional arrangements as “Plans.” ▇▇▇▇▇▇ Group Inc.
Nothing in this Agreement shall be construed to constitute or be evidence of an agreement or understanding, express or implied, on the part of Comtech or CMDC to employ Employee for any specific period of time.