Value Creation Award definition

Value Creation Award means an award of an opportunity to earn a payment under this Plan.
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Value Creation Award means a Value Creation Award under the Management Plan.
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Examples of Value Creation Award in a sentence

  • For purposes of the Value Creation Plan and any awards thereunder (collectively, the “Value Creation Awards”), if you engage in conduct in breach of this Agreement prior to or at any time within the one (1) year period after any you receive a payment pursuant to any Value Creation Award, then such conduct shall be deemed to be a breach of the terms of such Value Creation Award, justifying cancellation or rescission of any such Value Creation Award, as applicable.

  • Failure to maintain such confidence may result in immediate forfeiture of the Value Creation Award and a termination of the Participant’s participation in the Plan.

  • The Value Creation Award granted hereunder shall vest and settle in accordance with Section 3 of the Plan.

  • The grant of the Value Creation Award hereunder is conditioned upon the Participant’s execution and delivery of a Noninterference Agreement, in the form attached hereto as Exhibit A, simultaneously with the execution with and delivery of this Agreement to the Company.

  • Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Company hereby grants to the Participant a Value Creation Award with a Target Value equal to .

  • As a condition of the grant of the Value Creation Award hereunder, except as otherwise required by law, the Participant agrees to keep the Target Value of the Value Creation Award granted hereunder strictly confidential.

  • All amounts payable upon settlement of the Value Creation Award granted hereunder shall be subject to withholding in accordance with Section 3(d) of the Plan.

  • The Participant hereby acknowledges that all decisions, determinations and interpretations of the Committee in respect of the Plan, this Agreement and the Value Creation Award shall be final and conclusive.

  • The Value Creation Award will be based on future growth in value of the FanDuel business above an initial value of $[***] (the “Start Value”), provided that, as shown in the table below, the Value Creation Award will have a value of $0 unless the Equity Value as of the Measurement Date is at least $[***].

  • Subject to the terms and conditions of this Agreement, the provisions of the 2024 Plan, the Value Creation Award will vest in accordance with the “Regular Vesting Matrix” below and Executive shall forfeit any portion of the Value Creation Award that does not so vest.