Vested PSP Award definition

Vested PSP Award means, subject to the Rules, a PSP Award, or (as the case may be) that part of a PSP Award which has vested in accordance with Rule 5.2 or otherwise of Part B.
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Examples of Vested PSP Award in a sentence

  • Where a PSP Award becomes a Vested PSP Award, Shares or ADSs will be transferred to the Participant in accordance with Rule 9.

  • The number of Shares or ADSs in respect of which the PSP Award may become a Vested PSP Award will be reduced by the Service Factor, unless the Committee, in its absolute discretion, determines otherwise.

  • A more detailed discussion of LID application and potential priority neighbourhood areas for implementation has been provided in Section 5.5. Costing Costs for storm sewer upgrades have been estimated using the same approach as has been applied in previous studies and other budget estimates conducted for the City of Guelph.

  • Where a Participant's employment within the Group ends by reason of his Retirement at his scheduled retirement age and this occurs within six months of the Date of Grant, his PSP Award will not become a Vested PSP Award and will lapse.

  • If, and to the extent that a PSP Award does not become a Vested PSP Award, it will lapse.

  • In respect of PSP Awards with a Performance Target and/or Conditions, unless the Committee in its absolute discretion determines otherwise, the PSP Award shall only become a Vested PSP Award to the extent that the Committee determines that the Performance Target and any other Conditions imposed under Rule 3.2(A) of Part B have been satisfied by deeming the Performance Period to have ended on the date of the event referred to in Rules 8.1 to 8.3.

Related to Vested PSP Award

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • 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.

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

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

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

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

  • PSU means Public Sector Undertaking

  • RSUs means restricted stock units.

  • 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;

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

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

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

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Deferred Share Unit or “DSU” 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 7;

  • Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

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

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

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • Nonforfeitable means a Participant's or Beneficiary's unconditional claim, legally enforceable against the Plan, to the Participant's Accrued Benefit.