Relevant Award definition
Examples of Relevant Award in a sentence
For these purposes, the compensation in respect of the portion of a Relevant Award which lapsed or was forfeited (or will lapse or be forfeited) as a result of Closing shall not exceed the difference between (i) the value of the Relevant Award which could reasonably have been expected to vest on the normal vesting date but for Closing (subject, where applicable, to performance (or other) conditions), and (ii) the value of the Relevant Award which actually vested (or will vest) as a result of Closing.
The Relevant Award is to be read and applied in conjunction with the terms and conditions in this Agreement.
For the avoidance of doubt, where the Relevant Award makes reference to a penalty rate being 150%, this will be paid at the relevant rate for Time and a Half in Schedule B.
Protected award conditions means a term in the Relevant Award that deals in any way with any of the "protected allowable award matters" as defined under the Act.
Each Transition Award will be payable on the vesting date of the participant’s Relevant Award that it replaces.