Employee Component definition

Employee Component means, collectively, those provisions of the Plan under which Awards may be granted to Employees that are intended to satisfy the requirements of an “employee share scheme” within the meaning of section 1166 of the Companies Act 2006.
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Examples of Employee Component in a sentence

  • On the one-year anniversary of the Closing, such Hired Employees who remain employees of Purchaser on such date (and such Hired Employees who have been terminated without Cause or who have resigned with Good Reason) shall be paid the applicable portion of the remaining Employee Component in cash as set forth on Schedule 1.6(b), less applicable withholding.

  • Prior to the Closing, Purchaser may revise Schedule 1.6(b), in good faith and in consultation with Seller, in order to update the allocation of the Employee Component among Hired Employees.

  • The Company hereby grants to Participant, as of the Grant Date, a restricted stock unit to acquire up to the number of Shares specified in the Grant Summary under the terms of the Employee Component of the Plan.