Examples of VC Award in a sentence
A Participant’s Account will be credited for each Plan Year with (a) the amount of Compensation and VC Award he elects to defer in accordance with the provisions of Article 3 at the time the amount subject to the deferral election would otherwise have been paid to him but for his election to defer; and (b) the amount of Matching Contributions the Employer credits on his behalf pursuant to Article 4 as soon as administratively possible following the Plan Year.
An Eligible Employee may elect to defer (in 1% increments) from 1% to 85% of his VC Award for a Plan Year.
The amount of Matching Contributions credited to the Account of each eligible Participant shall be calculated separately with respect to his Compensation deferrals and separately with respect to his VC Award deferrals and shall equal the sum of the amounts so determined.
If a VC Award is based on a specific performance period that begins before the Eligible Employee executes his deferral agreement, the election will be deemed to apply to that portion of the VC Award equal to the total amount of the VC Award for the performance period multiplied by the ratio of the number of days remaining in the performance period after the election to the total number of days in the performance period.
For example, although the SEU was nominated for, and subsequently won, the VC Award for community engagement, I found it very difficult to summon the required excitement.
The deferral agreement must separately specify for each discrete type of compensation (i.e., Compensation and VC Award) the whole number percentage multiple that the Participant elects to defer and the timing of payment of the deferred amount.
At the time an Eligible Employee completes a deferral agreement, the Eligible Employee must separately elect for each type of remuneration being electively deferred (i.e., for Compensation and for VC Award), a distribution event that will trigger payment of the related deferred remuneration.
Except as otherwise provided below, an employee who is classified or designated as an Eligible Employee during a Plan Year may elect to defer 3-1 Compensation and/or VC Award otherwise payable during the remainder of such Plan Year in accordance with the rules of this Section 3.4 by executing a deferral agreement within the thirty (30) day beginning on the date the employee is classified or designated as an Eligible Employee.
Except that, only if the Administrator so decides, if the VC Award can be treated as performance based compensation” which is based upon services performed over a period of at least twelve consecutive months as set forth in Treas.
It is in this role that has her and her team have applied for a VC Award for Excellence in Teaching.