Term Award definition

Term Award means an Option to purchase 9,000 Shares, with an exercise price per Share equal to the Fair Market Value of a Share on the date of grant.
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Examples of Term Award in a sentence

  • For purposes of clarity, Executive shall have voting rights with respect to the shares comprising the Long Term Award.

  • Your Equivalent SRIP Benefit shall be provided in accordance with, and be governed in all respects by, the terms of the SRIP with the following modifications: (i) “Final Average Earnings” shall not be less than the sum of your initial Base Salary and your initial full year Target Short Term Award, and (ii) if SBC terminates your employment without cause (as defined below) prior to completion of five (5) years of service, then you shall be vested in your Equivalent SRIP benefit upon such termination.

  • Amended and Restated 2004 Long-Term Incentive Plan ("Plan"), Long Term Award Agreement ("Award") or other Award or Plan provisions.

  • The actual number of Performance Shares eared by the Participant shall be from 0% to 150% of the target Performance Shares Granted .The Performance Shares shall be considered a "Long Term Award" or a "long term incentive grant" under any employment agreement or the Company's Executive Separation Policy ("Separation Policy"), as applicable to the Participant.

  • You shall be eligible for a target and maximum Short Term Award opportunity consistent with similarly situated officers.

  • Amended and Restated 2004 Long-Term Incentive Plan (“Plan”) and my Long Term Award Agreement (“Award”).

  • Any such reduction in the number of LTI-V Units will be on a prospective basis with regard to any increase in the Long Term Award Pool during the remainder of the 1997-1999 Performance Period.

  • After the Execution Date, Executive shall accrue dividends and distributions declared with respect to the shares comprising the Long Term Award subject to the same restrictions as are applicable to the Long Term Award, such that any such dividends and distributions shall be accumulated and paid to Executive or forfeited when the associated shares comprising the Long Term Award vest or are forfeited in accordance with this Agreement.

  • The number of Long Term Award Agreement Providing for Withholding of Vested Shares to Satisfy Tax Liabilities UTi Worldwide Inc.

  • The applicable value of LTI-V Units granted hereunder shall be determined in accordance with the terms and conditions of the Plan, including the requirement that the Committee certify in writing the amount of the Long Term Award Pool and the amount payable to the Participant pursuant to this Agreement.

Related to Term Award

  • 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.

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

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

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.