Retirement Grant definition

Retirement Grant. – means a grant, payment, remuneration, compensation or any other benefit provided to Officers in connection with the conclusion of their position at the Company;
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Retirement Grant means a grant, payment, remuneration, compensation or
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Retirement Grant. - means a grant, payment, remuneration, compensation or any other benefit provided an Officer in connection with the conclusion of his position at the Company;
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Examples of Retirement Grant in a sentence

  • The Retirement Grant will vest in substantially equal monthly installments on the last day of each month beginning July 31, 2012 and ending December 31, 2014 provided that, except as otherwise provided in Section 5 hereof, the Executive is employed by the Company on such dates.

  • Except as otherwise provided in Section 5, the vested shares subject to the Retirement Grant shall be delivered to the Executive on January 2, 2015 (but in no event later than January 31, 2015).

  • For the avoidance of doubt, Equity Awards do not include the Retirement Grant, the 2012 Award and LTI Awards (as defined in and granted pursuant to the Prior Agreement).

  • The number of shares of DFC common stock subject to the Retirement Grant shall equal the quotient resulting from (i) $4,200,000, divided by (ii) the Fair Market Value (as defined in the Plan) of DFC common stock on the Grant Date, rounded down to the next whole share.