Examples of Earned and Vested in a sentence
Notwithstanding the foregoing provisions of this paragraph (i), effective for Determination Dates occurring on or after May 1, 2008, the number of Shares or Share Equivalents so credited to the Participant’s Career Share Account shall be limited to that number needed to satisfy the Participant’s MSOR, and the balance, if any, of such Earned and Vested Performance Shares shall be administered without regard to the provisions of this Plan.
If a Participant has not satisfied all applicable Minimum Stock Ownership Requirements on or before a Determination Date applicable to Performance Shares that have been awarded to such Participant, the Participant’s Career Share Account shall be credited with the number of Shares or Share Equivalents that become Earned and Vested (reduced, however, to the extent of any Applicable Tax Payments) for the Participant as a result of the award of such Performance Shares.
A Participant’s Career Share Account shall be credited to the extent otherwise described in this Section 5.3(b) even if the Participant shall have satisfied all applicable MSOR or shall have ceased to remain an Eligible Employee during the period between the Determination Date and the date the Performance Shares or Annual Incentive Compensation are Earned and Vested.
On the Payment Date, the Company shall issue to the Employee that number of shares of Common Stock as equals that number of Units which have been both Earned and Vested.
The Share Equivalents that are disregarded pursuant to subparagraph 5.3(b)(i)(B) may include those attributable to Performance Shares that had become Earned and Vested and thereupon credited to such Participant’s Career Share Account, and as a result, such Career Share Account may be credited with Share Equivalents in excess of the number actually needed to satisfy the highest MSOR that is applicable to such Participant as of the applicable Determination Date.
A Participant’s Career Share Account shall be credited to the extent otherwise described in this Section 5.3(b) even if the Participant shall have satisfied all applicable MSOR or shall have ceased to remain an Eligible Employee during the period between the Determination Date and the date the Performance Shares are Earned and Vested.
Except as provided in Section 5.6 below, in the event that Employee unilaterally elects to terminate his employment, the Company shall have no further obligations to make any payments under this Agreement and Employee shall forfeit any right to such payments, except for Earned and Vested Benefits.
In the event of the death or Disability of the Employee, the Company shall pay Employee (or any estate, beneficiary or legal representative of Employee) all Earned and Vested Benefits.
FY19 PRUs Granted, Earned and Vested NEO Total FY19 PRUsGranted (#) Total FY19 PRU Value at Grant ($) Total FY19 FCF PRUs Earned (#) Total FY19 EPS PRUsEarned (#)Total3-Year TSR PRUsEarned (#) Total FY19 PRUsEarned Total FY19 PRUsvestedGregory S.
Notwithstanding any other provision of this Section 5, in the event that Employee's employment is terminated by the Company without Cause or if Employee resigns for Good Reason (hereinafter defined), Employee shall receive all Earned and Vested Benefits and as a severance benefit, the Employee shall receive the Base Salary provided for in Section 3 hereof throughout the remainder of the Term of this Agreement.