Deferred Bonus Award definition

Deferred Bonus Award means any Award whose payment has been designated by the Plan Administrator or Committee to be deferred as set forth in Section 5.2.
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Deferred Bonus Award means a right to acquire ContourGlobal Shares granted as a Deferred Bonus Award under the LTIP in the form of a conditional award (including any such option granted after the date of this letter);
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Deferred Bonus Award means an Award, the principal purpose of which is to defer receipt of a bonus that reflects performance before its grant;
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Examples of Deferred Bonus Award in a sentence

  • Payment of any Deferred Bonus Award shall be made only on a fixed date or dates or upon the occurrence of specified events permitted under Section 409A all of which shall be established at the time the Award is granted.

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  • Once determined, a Deferred Bonus Award shall be paid to a Participant only to the extent that the Participant met the targets for his or her Deferred Bonus Award as set forth in the Performance Criteria for his or her Deferred Bonus Award.

  • The commencement of Related Employment by a Participant shall not be treated for purposes of the Plan and any Deferred Bonus or Other Deferred Bonus Award hereunder as a termination of employment.

  • If the short-term deferral exemption under Section 409A is unavailable, the Deferred Bonus Awards shall be granted and administered in a manner that complies with Section 409A, including the requirement that a Participant’s election to defer payment of a Deferred Bonus Award shall be made prior to the year in which such Deferred Bonus Award is earned.

  • The Retirement, Disability or death of an individual during a period of Related Employment shall be treated for purposes of the Plan and any Deferred Bonus or Other Deferred Bonus Award hereunder as if such event had occurred while the individual was an Employee.

  • The Deferred Bonus Award, to the extent that it is preserved, must be preserved until the end of the Deferred Period and will continue to be subject to the Rules.

  • The Company may however, at its discretion, Vest, or recommend the Trustee to Vest, as soon as possible, all or part of any Deferred Bonus Award and/or preserve all or part of any Deferred Bonus Award to the extent that it is not Vested immediately.

  • Individual limit The Committee will decide the number of Shares subject to a Deferred Bonus Award or a Merit Deferred Share Award by reference to the value of the bonus which, in the case of a Deferred Bonus Award granted to an executive Director, will be limited by the remuneration policy approved by shareholders from time to time.

  • Description of the awards valued Seplat Deferred Bonus Award 25% of each Executive Director’s 2014, 2015, 2016 and 2017 bonus (paid in 2015, 2016, 2017 and 2018) has been deferred into shares and released on 1 June 2017, 1 June 2018, 20 April 2019 and 31 December 2019 respectively subject to continued employment over the vesting period.


More Definitions of Deferred Bonus Award

Deferred Bonus Award has the meaning set forth in Section 2.8.
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Deferred Bonus Award means an Award that represents a Deferred Bonus;
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Deferred Bonus Award means where the Committee has determined that a proportion of an employee’s annual bonus shall be delivered as an Award (or where the employee agrees that a proportion of their annual bonus shall be delivered as an Award), following the determination of such annual bonus;
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Related to Deferred Bonus Award

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

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

  • 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;

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • 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;