Examples of Other Stock-Based Award in a sentence
To the extent applicable, payment or settlement with respect to each Cash- Based Award and Other Stock-Based Award shall be made in compliance with the requirements of Section 409A.
However, the Committee, in its discretion, may provide in the Award Agreement evidencing any Other Stock-Based Award that the Participant shall be entitled to Dividend Equivalent Rights with respect to the payment of cash dividends on Stock during the period beginning on the date such Award is granted andending, 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.
Each Other Stock-Based Award shall be expressed in terms of shares of Stock or units based on such shares of Stock, as determined by the Committee.
Each Award Agreement evidencing a Cash-Based Award or Other Stock-Based Award shall set forth the extent to which the Participant shall have the right to retain such Award following termination of the Participant’s Service.
Payment or settlement, if any, with respect to a Cash-Based Award or an Other Stock-Based Award shall be made in accordance with the terms of the Award, in cash, shares of Stock or othersecurities or any combination thereof as the Committee determines.