Tenure Award definition

Tenure Award means an Award hereunder of cash, shares of Common Stock, units or rights based upon, payable in, or otherwise related to, Common Stock that vests over time based upon the Participant’s continued employment with or service to the Company or its Subsidiaries.
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Tenure Award means an Award that vests over time based upon the Participant’s continued employment with or service to the Company or its Subsidiaries.
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Examples of Tenure Award in a sentence

  • Persons employed on or after January 6 are not eligible for a Tenure Award for the first year of their employment.

  • If an employee dies within the last quarter of a year, Tenure Award shall be made to his heirs in the amount that would have been paid to the employee had he completed the year.

  • A “Meets Expectations” annual performance evaluation rating or higher for the previous year shall be the basis for qualification for the current year’s Tenure Award.

  • In an employee retires within the last quarter of a year (either under the Parish Retirement Systems and/or Social Security provisions), s/he shall be entitled to receive Tenure Award just as if he had completed the full year.

  • No payment shall be made for any service of less than one full year; except that, if an employee dies or retires within the last calendar quarter of his final year of service, s/he (or his/her heirs) shall be eligible for the Tenure Award that he otherwise would have received.

  • The Tenure Award information supplied by the Payroll Office must be checked by each department and/or district.

  • The Tenure Award information shall be verified by the Payroll Office and the Personnel Department.

  • In the case of an employee who has continuous service interrupted by Military Leave of Absence Without Pay in excess of thirty (30) calendar days, the employee shall receive a Tenure Award for continuous years of service prior and subsequent to, but not for, the calendar year or years in which the military service fell.

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  • Any employee who is separated from Parish service before December 1 is not eligible for Tenure Award.

Related to Tenure Award

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Bonus Award means a bonus award made pursuant to Section 9.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Restricted Share Award means an award of Restricted Shares.

  • Employee Award means the grant of any Option, SAR, Stock Award, Cash Award or Performance Award, whether granted singly, in combination or in tandem, to a Participant who is an Employee pursuant to such applicable terms, conditions and limitations as the Committee may establish in order to fulfill the objectives of the Plan.

  • the award , except in sub-paragraph (2), means—

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Cash Award means an award denominated in cash.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.