Examples of Other Share-Based Award in a sentence
To the extent applicable, payment or settlement with respect to each Cash-Ba sed Award and Other Share-Based Award shall be made in compliance with the requirements of Section 409A.
Payment or settlement, if any, with respect to a Cash-Based Award or an Other Share-Based Award shall be made in accordance with the terms of the Award, in cash, Common Shares or other securities or any combination thereof as the Committee determines.
However, the Committee, in its discretion, may provide in the Award Agreement evidencing any Other Share-Based Award that the Participant shall be entitled to Dividend Equivalent Rights with respect to the payment of cash dividends on Common Shares during the period beginning on the date such Award is granted and ending, with respect to each share subject to the Award, on the earlier of the date the Award is settled or the date on which it is terminated.
Prior to thepayment or settlement of a Cash-Based Awa rd or Other Share-Based Award, the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, orgarnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution.