Director's Award definition
Examples of Director's Award in a sentence
The Director's Award is meant to be awarded to the most outstanding student(s) of the Venango Technology Center, who has maintained high standards and values during their three years of high school.
The Company’s collection, processing, use and transfer of the Director's Data is necessary for the Company’s legitimate business interests of implementing, administering and managing the Director's Award and generally administering Director remuneration and any related benefits and the fulfilment of Company’s contractual obligations with the Director.
Within a reasonable time following the vesting of Director's Award Shares, the Company will re-issue one or more certificates to Director with respect to which the stock legend has been removed in the case of vested Award Shares.
In the event of the termination of the Non-Employee Director's service on the Board for any reason, the Non-Employee Director's Award shall immediately cease to vest and any rights to the underlying shares of Common Stock shall be forfeited on the effective date of termination of his or her service on the Board.
Notwithstanding the date of distribution elected on the applicable Election to Receive Deferred Shares, the Deferred Shares shall be payable to the Eligible Director in a single lump sum upon the first of the following events to occur: (a) the Eligible Director's death, (b) the Eligible Director's Disability, (c) a Change in Control, (d) the termination of the Plan, or (e) such other events as may be set for in the Eligible Director's Award Agreement.
In no event shall a Director who is a Participant vote in any matter related solely to such Director's Award under this Plan.