Examples of Deferred Share Unit Award in a sentence
A Deferred Share Unit Award will be subject to an Award Agreement containing, if applicable, any time vesting conditions and other terms and conditions, not inconsistent with the provisions of this Plan, as the Board shall determine; provided that no Shares shall be payable prior to the Participant’s Termination nor after December 31st of the year following the year of the Participant’s Termination.
Each Deferred Share Unit Award shall be evidenced by a Deferred Share Unit Agreement in substantially the form or forms as may be approved by the Administrator.
SCHEDULE 1DATA PROCESSING AGREEMENTThis Data Processing Agreement is an integral part to the Agreement and shall apply to all relations that are formed between Bolt and the Courier in the course of using the Bolt Food Platform and relate to processing of the personal data.
Any Deferred Share Unit Award that is subject to Code Section 409A shall satisfy the requirements of Code Section 409A.
The redemption of the Award granted hereby, issuance of Class A common shares and ownership of the Class A common shares are subject to the terms and conditions of the Plan (all of which are incorporated into and form part of this Deferred Share Unit Award Agreement) and this Deferred Share Unit Award Agreement.
This Deferred Share Unit Award Agreement shall be binding upon and enure to the benefit of the Corporation, its successors and assigns and the Participant and the legal representative of the Participant’s estate and any other person who acquires Class A common shares by bequest or inheritance.
Nothing in the Plan or in this Deferred Share Unit Award Agreement will affect the right of the Corporation or any Related Entity (as defined in the Plan) to terminate the employment of, term of office of, or consulting agreement with a Participant at any time for any reason whatsoever.
Provided that the terms and conditions applicable to a Deferred Share Unit Award permit it, a Participant may change the Participant’s distribution election, provided such change in distribution election shall comply with the procedures and rules set forth in Section 11.09 which apply to change in distribution elections, including such rules relating to invalid and valid but incomplete change in distribution elections.
Subject to any acceleration in vesting as provided in the Plan, each Deferred Share Unit vests in full upon acceptance of the Deferred Share Unit Award Agreement.
Deferred Share Unit Awards shall not require any cash payment from the Deferred Share Unit Participant to whom such Deferred Share Unit Award is made, either at the time such Award is made or at the time any payment becomes due or Shares become issuable under that Award.