Retention Share definition
Examples of Retention Share in a sentence
Except as may be otherwise set forth in the Plan or herein, no Performance Retention Share may be earned prior to the Measurement Date of the applicable Performance Cycle and then only to the extent set forth in the applicable Payment Schedule.
Unless and until the Committee decides otherwise and while a Performance Retention Share or Restricted Stock Unit is outstanding, within five business days of each cash dividend payment date relating to Company Common Stock, the Company will pay to a Participant for each outstanding Performance Share and Restricted Stock Unit so held on such dividend payment date, a cash payment equal to the cash dividend payment made on one share of Company Common Stock on such cash dividend payment date.
Except as set forth in Section 6, the Retention Share Grant will vest in three (3) equal installments on each of the first, second and third anniversaries of the Effective Date.
Each Retention Share that is outstanding on the Effective Date and that is held by an Employee shall be vested and transferable as of the Effective Date.
The Proposals to participants in the Charles Taylor Retention Share Award Plan will take the form of their awards vesting in full immediately on the sanction of the Scheme by the Court and shall be settled in cash.
Each vested Performance Retention Share shall be payable to a Participant in cash only.
Except as specifically otherwise provided in the Plan, herein or by the Committee, forty percent (40%) of the vested Performance Retention Share shall be payable to a Participant in cash only and the remaining sixty percent (60%) of the vested Performance Retention Shares shall be payable to a Participant in Shares on a one-for-one basis.
The restricted share unit grant provided to you under the Senior Executive Retention Share Plan (“SERSP”) upon your appointment as interim CEO will continue unchanged.
You hereby agree to surrender each UPC Retention Share indicated in paragraph 1 of this Letter Agreement in exchange for Rollover Retention Shares on the closing date of the Offerings.
For illustrative purposes only, the table below sets forth a calculation of the Outperformance Payment based on varying levels of Consideration and/or Distribution Amount, as applicable: Hypothetical Retention Share Price 1 Consideration and/or Distribution Amount per Share 2 Consideration and/or Distribution Amount (in millions) 3 Incentive Percentage Outperformance Payment Note 1: [***].