Incentive Rights definition
Examples of Incentive Rights in a sentence
Notwithstanding the provisions of any agreement pursuant to which Stock Incentive Rights were granted, any granted but unvested Stock Incentive Rights will automatically vest on the date of Executive’s death.
Consequently, upon the cash payment by the Company to its directors, officers or employees pursuant to such Incentive Rights, the Partnership shall make an equal cash payment to the Company.
Consequently, upon the cash payment by General Partner to its directors, officers or employees pursuant to such Incentive Rights, the Partnership shall make an equal cash payment to the General Partner.
Executive’s legal representative may exercise any Stock Incentive Rights which vest pursuant to this Section 4.3(e) during a one year period following Executive’s death.
Consequently, upon the cash payment by the Company pursuant to such Incentive Rights, the Partnership shall make an equal cash payment to the Company as a reimbursement of a Partnership expense pursuant to Section 6.05 hereof.