Examples of First Award in a sentence
On September 23, 2016, TGH had filed a request for resubmission to arbitration seeking damages in addition to those awarded in the First Award.
The relevant principles in this context may be Work Value Changes or First Award and Extension to an Existing Award.
The Board may decide in its discretion to hold a second award round that is any one or a combination of the following:• limited to those Applicants that submitted a LOI in the First Award Round but not invited to submit a full Application (a “Semi-Open Round”);• limited to those Applicants invited to submit an Application but not awarded Housing Credits in the first award round (a “Closed Round”); or• open to submission of LOIs by any interested party (an “Open Round”).
A tribunal established by the ICSID ruled in favour of TGH (the “First Award”) and in November 2020, Guatemala made a payment of approximately $38 million USD in full and final satisfaction of the First Award.
The Respondent submits that, in truth, if one focusses on the actual breach (and its component parts) established by the First Award, the Claimants have suffered no demonstrable material damage at all.
In the event, however, that (i) the Board exercises its discretion under Section 4(f) to grant Stock Appreciation Rights in lieu of Options and/or Restricted Stock Units in lieu of Restricted Stock Bonuses, the First Award shall instead consist of a grant of Stock Appreciation Rights and/or Restricted Stock Units covering the number of Shares to be issued pursuant to the First Award.
The year, month and day can be set using the drop- down selection boxes.Time Zone: See Section.8.3.11.9 “Setting the clock”.
Claimants sought adjudication by a new tribunal of the issues as to which the First Award had been annulled, namely the merits of their BIT Claim arising out of the alleged acts and omissions of the Tucumán authorities.
In the event of a Corporate Transaction, all Options and Stock Units granted pursuant to this Section 11 shall be subject to the terms and conditions of Section 17(c); provided that in the event that the successor corporation does not assume or substitute each First Award and Subsequent Award, the Optionee shall fully vest in each Award and shall have the right to exercise the Option as to all of the Optioned Shares, including Shares as to which it would not otherwise be vested or exercisable.
Given that a number of the parties arguments before us turn on both the First Tribunal’s holdings, and the analysis made by the ad hoc Committee of the First Tribunal’s reasoning, it isuseful to highlight here aspects of the First Award and the Decision on Annulment of the ad hoc Committee.