Make-Whole Awards definition

Make-Whole Awards means Intel restricted stock units or performance stock units granted to a Participant under an Equity Plan at the time the Participant was hired that are designated by the Company as “Make-Whole” awards.

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Make-Whole Awards means the option and restricted stock awards granted pursuant to Section 6.

Make-Whole Awards. You will receive a cash payment equal to a portion of the target annual bonus you are forfeiting upon departure from your current employer, prorated to reflect the period of time worked with your current employer. This bonus amount will be paid to you, subject to your continued employment, at the time that bonuses are otherwise payable under the MIB in respect of Fiscal Year 2021, but in any event, no later than December 31, 2021. You will receive, as soon as practicable after the first day of your employment, a grant of RSUs having a grant date value of $1,400,000, in respect of the equity incentives you are forfeiting upon departure from your current employer. This RSU grant will vest 50% on each of the first two anniversaries of the date of grant date, subject to your continued employment with Aramark through each such date and will vest 100% upon any severance-qualifying event under the ELT Agreement.

Examples of Make-Whole Awards in a sentence

All obligations with respect to the withholding, reporting, remitting or payment obligations or any regulatory filing obligation in connection with Employment Taxes, Pluto Equity Awards or the Spinco Make-Whole Awards shall be governed by the Employee Matters Agreement.
The Make-Whole Awards are reflected in award agreements entered into between you and the Company, with the standard form of restricted stock units agreement modified to provide that the Make-Whole RSUs will have accelerated vesting on a pro-rated based on the Severance Term Date in the event of a termination of employment pursuant to Section 4.2.
One of the Make-Whole Awards will be in the form of 39,567 shares of restricted common stock of the Company (the “Time-Based Make-Whole Award”) granted pursuant to the NYSE employment inducement award exemption and the Time-Based Restricted Stock Award Agreement attached hereto as Exhibit B, which will vest as to 13,189 shares on the last day of each Make-Whole Vesting Period, subject to the Executive’s continued employment through the applicable day.
The Make-Whole Awards were intended to have a combined valuation of approximately $1,550,000 based on calculations as of October 31, 2007, and were granted to replace equity awards granted by Time Warner Cable Inc.
The Make-Whole Awards are intended to have a combined valuation of approximately $1,550,000 based on calculations as of October 31, 2007, and were granted to replace equity awards granted by Time Warner Cable Inc.
The Make-Whole Awards are intended to have a combined valuation of approximately $1,550,000 based on calculations as of October 31, 2007, and are being granted to replace equity awards granted by Time Warner Cable Inc.
The Make-Whole Awards will be reflected in award agreements entered into between you and the Company, with the standard form of restricted stock units agreement modified to provide that the Make-Whole RSUs will have accelerated vesting on a pro-rated based on the Severance Term Date in the event of a termination of employment pursuant to Section 4.2.
In accordance with Section 3.5 of the Prior Agreements, on January 2, 2008, you were awarded options to purchase 39,141 shares of Time Warner common stock and 31,682 restricted stock units (the “Make-Whole RSUs” and, together with the stock options, the “Make-Whole Awards”), reflecting the adjustments made to such Make-Whole Awards in connection with the separations of Time Warner Cable Inc.
The Make-Whole Awards with respect to the Forfeited Awards that were payable in 2018 and 2019, respectively, shall be in the form of restricted stock units to the extent the value of such Forfeited Awards is attributable to shares not subject to the TSR-based performance metric and in performance stock units to the extent of the value of the target number of shares subject to the TSR-based performance metric.
The Make-Whole Awards will have the terms and conditions set forth in this Agreement and such other terms and conditions as are set forth in the award agreements attached hereto.

More Definitions of Make-Whole Awards

Make-Whole Awards. As soon as practicable following the Effective Date, the Buyer shall grant each P1 Grantee a fully vested “make whole” award of shares of common stock. The number of shares that will be granted to each P1 Grantee shall have a value equal to the product of (i) the number of Options to be granted to the P1 Grantee and (ii) any positive difference between the closing price of a share of Buyer’s common stock on the Effective Date and the lesser of (a) the opening price of a share of Buyer’s common stock on the date the Equity Acquisition Agreement is entered into or if the Equity Acquisition Agreement is entered into on a date when the market is not open, the closing price of a share of Buyer’s common stock on the day immediately prior or (b) $0.030; provided that the aggregate make whole award for all P1 Grantees will not exceed $60,000 worth of shares of common stock of Buyer based upon the price of the underlying shares on the Effective Date.