Conditional Share Award definition

Conditional Share Award means a conditional right to acquire shares granted under schedule 5 of the Plan;
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Conditional Share Award means a conditional entitlement to receive Shares, as described in Rule 4.2.
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Conditional Share Award means a conditional right to a Share granted to a Participant;
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Examples of Conditional Share Award in a sentence

  • No adjustment shall be made to the Award Price which would result in the Plan Shares subject to an Option or Conditional Share Award being issued at a price per Plan Share lower than the nominal value of a Plan Share except where the Grantor puts in place arrangements to pay up the nominal value at the date of issue of the Plan Shares (or the difference between the adjusted Award Price and the nominal value as the case may be).

  • The Board may, at its discretion, determine that an Option may not be exercised and/or the Plan Shares subject to a Conditional Share Award and/or the Plan Shares the subject of an Award comprising Restricted Shares may not be issued or transferred to the Award Holder (or for his benefit) unless the Award Holder has beforehand signed an election under Chapter 2 of Part 7 of ITEPA 2003 and/or section 165 of the Taxation of Chargeable Gains Act 1992 or entered into broadly similar local arrangements.

  • Instead of arranging for the issue or transfer of the Holding Period Shares to the Award Holder on Vesting of a Conditional Share Award or exercise of an Option under Rule 8.7, the Board may arrange for the Holding Period Shares to be issued or transferred to the Holding Period Holder, as designated by the Board, to be held for the benefit of the Award Holder.

  • Subject to Rule 15, the Grantor may on the Vesting of a Conditional Share Award make a cash payment to the Award Holder equal to the Market Value of the Plan Shares in respect of which the Conditional Share Award has Vested, less the Award Price (if any).

  • The Committee may on the vesting of a Conditional Share Award make a cash payment to the Participant equal to the Fair Market Value of the Shares in respect of which the Conditional Share Award has vested.

  • A Conditional Share Award entitles the Participant to receive, upon Release, one Share for each Share underlying the portion of the Conditional Share Award that becomes vested.

  • Upon the Release of any Conditional Share Award (or other Award, other than Options), the Shares in respect of which it is released shall be allotted and issued to the Participant unless the Release of the Conditional Share Award is satisfied by the transfer to the Participant of Shares.

  • Awards made to members of the Board are subject to a two-year holding period post vesting.In 2017, the Group established a Conditional Share Award Plan (CSAP) under which senior employees receive awards of shares subject only to service conditions, i.e. the requirement for participants to remain in employment with the Group over the vesting period.

  • If Dividend Equivalents will be paid to any relevant Participant, the will be paid to the Participant after Vesting of a Conditional Share Award or, in the case of an Option, after exercise, at the same time as the underlying Award is settled.

  • For example if the Conditional Share Award is granted in 1 October 2015 then it would normally vest on the 2nd anniversary of grant, being 1 October 2017, The Plan Shares would need to be transferred to the Award Holder by 15 September 2018 (September being the 3rd month of the Financial Year).


More Definitions of Conditional Share Award

Conditional Share Award means a right to acquire for no cost a specified number of Shares on the Release Date.
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Conditional Share Award means a conditional right to receive Shares in accordance with, and subject to the terms of, these Rules;
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Conditional Share Award means a conditional right to acquire Shares at nil cost
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Related to Conditional Share Award

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Restricted Share Award means an award of Restricted Shares.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Share Unit means a unit credited by means of an entry on the books of the Corporation to a Participant pursuant to the Plan, representing the right to receive, subject to and in accordance with the Plan, for each Vested Share Unit one Share, at the time, in the manner, and subject to the terms, set forth in the Plan and the applicable Grant Agreement;

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Stock Award means any right to receive Common Stock granted under the Plan, including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, a Stock Appreciation Right, a Performance Stock Award or any Other Stock Award.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Deferred Stock Award means Awards granted pursuant to Section 8.