Promotion Date definition
Examples of Promotion Date in a sentence
Employees who are promoted retain the same Anniversary Date for purposes of years of service and benefit accruals, but have a new Promotion Date for purposes of performance reviews and merit step increases.
The Limited Partner shall be entitled to receive distributions from the Partnership in respect of the Initial Class D Common Unit with respect to the income earned by the Partnership beginning in the fiscal quarter during which the Promotion Date occurred that are equivalent to those generally distributable to the Partners of the Partnership in respect of their Common Units.
You shall serve in your current positions until the Promotion Date, from which time you shall serve as Chief Financial Officer of Activision Blizzard.
The date of grant will be the Promotion Date; provided, however, that if the Company’s trading window is not open on that date, the date of grant will be upon the expiration of three trading days after the Company’s trading window is open, in accordance with the Company’s equity grant making policy.
Unless sooner terminated as provided in Section 7, this Agreement shall commence on the Start Date and shall remain in full force and effect until the Promotion Date set forth in Exhibit A (hereinafter referred to as the “Term”).
Any outstanding equity awards granted to the Executive prior to the Promotion Date that vest based solely on the passage of time (rather than performance conditions) shall accelerate and become fully vested and exercisable, as applicable, and all restrictions to which such awards may be subject shall immediately lapse.
The Parties shall enter into a separate and mutually agreeable Pharmacovigilance Agreement prior to the GSK First Promotion Date.
If the Company chooses to offer the Executive employment as President and CEO (or as President, CEO and Chairman of the Board, as the case may be), then the terms of any offer to become President and CEO (or President, CEO and Chairman of the Board, as the case may be) shall be subject to good faith negotiations between the Company and the Executive prior to the Promotion Date.
Subject to the terms and conditions of this Agreement, from the Effective Date until the Promotion Date, the Company shall pay to the Executive an annual base salary at the gross rate of $795,000 (“Base Salary”), payable in installments in accordance with the Company’s executive payroll policy (but not less frequently than monthly).
Subject to and upon approval by the Board or a designated committee of the Board, you will be granted, on your Promotion Date, an incentive stock option to purchase 280,000 shares of Common Stock, $0.001 par value per share, of the Company (the “Common Stock”), which option is granted pursuant to the Company’s 2014 Stock Incentive Plan (the “Plan”).