Employment Requirement definition

Employment Requirement means the continuous employment of the Executive by the Company or a subsidiary on and after the Date of Grant through the date specified.
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Employment Requirement means Executive’s continuous employment by Bank for a period of five (5) years from the date of this Agreement. Said restricted shares will be distributed within forty-five (45) days of Executive meeting the Employment Requirement. Should the Executive not meet the Employment Requirement, the restricted stock shall revert back to the Bank and be cancelled.
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Employment Requirement and “Employment Requirements” means as described in Section 4.3.C.
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Examples of Employment Requirement in a sentence

  • The Committee, in its absolute discretion, may waive the Employment Requirement with respect to all or any portion of the Performance Units at any time.

  • For the avoidance of doubt, in the event that the Employment Requirement is waived pursuant to Paragraph 3, 4 or 6, except as set forth in Paragraph 7, payout of the Performance Units shall continue to depend on the extent to which the Performance Goals are achieved and Shares are earned, as determined and certified by the Committee in its sole discretion.

  • Restricted Stock Units will not vest during any Eligible Vesting Year if for six months or more during such Eligible Vesting Year (i) Participant is on a Nonstatutory Leave of Absence, and/or (ii) Participant is not a Full-Time Employee (the "Full-Time Employment Requirement").

  • An Employee who meets the Active Employment Requirement on or after July 1st will have each of their ▇▇▇▇▇ banks restored at fifty percent (50%) of their applicable entitlement.

  • One-third of the Restricted Shares (the “ Shares”) will be fully vested if (A) the Executive meets the Employment Requirement on , and (B) the Company achieves the Performance Standard for a quarter in the period beginning , and ending , .

  • If the Executive fails to meet the Employment Requirement or if the Performance Standard is not achieved on or before December 31, 2013, the 2013 Shares (and any associated Unvested Dividends) shall be forfeited.

  • If the Executive fails to meet the Employment Requirement or if the Performance Standard is not achieved on or before December 31, 2013, the 2011 Shares (and any associated Unvested Dividends) shall be forfeited.

  • The Company will pay you, on or about January 3, 2020, the guaranteed minimum bonus for fiscal year 2019 equal to $1,125,000 (the “FY 2019 Bonus”); provided that your right to retain the FY 2019 Bonus is subject to your satisfaction of the Employment Requirement (as defined and described below) and the Release Requirement.

  • Notwithstanding the foregoing, if your employment is terminated by the Company without Cause or your employment terminates due to your death or Disability, or you terminate employment as a result of a Company Breach (as defined below), in each case, prior to the Transition Date, then the Employment Requirement will be deemed satisfied.

  • For purposes of this Agreement, the Employment Requirement means employment of the Executive by the Company or a subsidiary at the date specified.


More Definitions of Employment Requirement

Employment Requirement means the requirement under the Savings Plan that an employee complete a year of Continuous Employment in order to receive Matching Contributions. 2.16 "Fixed Income Balance" means an Employee's Fixed Income Balance in such person's Savings Account determined pursuant to Section 6.2.
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