EBI Units definition

EBI Units means a contractual right to receive the Fair Market Value of a share of Common Stock on the Payment Date after the Grant Date on each EBI Unit subject to such Award.
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Examples of EBI Units in a sentence

  • The terms and conditions of payment with respect to the EBI Units are provided in the Plan and, if the Participant is a CPP Restricted Participant, also in section 7 of this Agreement.

  • The Plan provides as follows regarding vesting: “Any Award, or portion thereof, not 100% vested upon the date of a Participant’s termination (by resignation or dismissal) of employment with the Company, its Parent, or Subsidiaries of the Parent or Company will be forfeited, and no payment will be made thereon, except that, in the case of Retirement, death or Disability the EBI Units shall be deemed fully vested upon the date of such Retirement, death or Disability.

  • Notwithstanding the foregoing, Section 8 of the Plan shall not apply to the EBI Units granted hereunder.

  • The Company or any employer affiliate has the authority and the right to deduct or withhold, or require Participant to remit to the employer, an amount sufficient to satisfy federal, state, and local taxes (including Participant’s FICA obligation) required by law to be withheld with respect to any taxable event arising in connection with the EBI Units.

  • Violating the terms of any such Agreement shall result in the Participant forfeiting benefits under this Plan and repaying any payments for the EBI Units.

  • The other terms and conditions of payment with respect to the EBI Units are provided in Section 6(b) of the Plan.

  • Except as otherwise provided herein, this grant of EBI Units is subject to the terms, restrictions, and other conditions of this Agreement and the Plan.

  • Director shall comply with the statutes, rules, regulations, and orders of any governmental or quasi-governmental authority, which are applicable to the Company and the performance of the Services, and Company’s rules, regulations, and practices as they may from time-to-time be adopted or modified.

  • Notwithstanding Section 6(a) of the Plan, the EBI Units shall become payable on the earlier of (i) December 31, 2016, (ii) a “change in control event” as defined in Code Section 409A, (iii) Participant’s “separation from service,” as defined in Code Section 409A, by reason of his Disability (as defined in the Employment Agreement), or (iv) Participant’s death.

  • Section 1.409A-3(j)(4)(vi), then, to the extent necessary, payment with respect to the EBI Units will be made on the first day of the seventh month following Participant’s separation from service (or, if Participant dies during such period, within 30 days after Participant’s death).