Vesting Requirements definition

Vesting Requirements means those vesting requirements described in Section 3 of this Agreement.
Vesting Requirements means any conditions precedent that must be satisfied before a Participant may exercise an Option granted pursuant to the Plan, which conditions may include criteria related to the performance of the Company, the performance of the Participant, completion of a triggering event, or such other criteria as the Board in its discretion may deem appropriate. 3. ESTABLISHMENT AND ADMINISTRATION OF THE PLAN 3.1 Plan Established. The Company hereby establishes the Plan in accordance with the terms set out herein and any resolution passed by the Board in respect hereto. 3.2 Name of Plan. The Plan shall be known as the Duncan Park Holdings Corporation Incentive Stock Option Plan. 3.3 Administrator of Plan. The Plan shall be administered by the Board in its discretion, but subject to the terms and conditions of this Plan. Any reference in this Plan to an action taken or to be taken by the Company, or a decision made or to be made by the Company, shall mean an action or decision made by or under the authority of the Board or any person or committee that has been designated for that purpose by the Board as confirmed by resolution of the Board. 3.4 Amendment of Plan. The Board may in its discretion amend or discontinue the Plan at any time, provided, however, that no such amendment may alter or impair any Option previously granted to a Participant under the Plan (or any Shares issued upon the exercise of such Option) without the consent of the Participant, other than where such amendment is required by applicable law or the rules of the Exchange. 3.5 Term of Plan. The Plan shall commence immediately upon approval of the Plan by the Board, and shall terminate by resolution of the Board; provided that no such termination shall amend, suspend or terminate any Option previously granted to a Participant under the Plan (or any Shares issued upon the exercise of such Option) without the consent of the Participant. 3.6 Policies. The Board may, in its discretion, prepare and issue Policies to guide it in administering the Plan and granting Options, provided such Policies shall not be binding upon the Board or limit its discretion, but shall be documents of general guidance only. The Board may amend, vary, suspend or terminate the Policies from time to time in its absolute discretion, provided that no such amendment, variance, suspension or termination shall amend, suspend or terminate any Option previously granted to a Participant under the Plan (or any Shares issued upon the exe...

Examples of Vesting Requirements in a sentence

  • The date on which the Committee determines whether or to what extent the Performance Vesting Requirements have been achieved.

  • Notwithstanding the foregoing, the Administrator may accelerate the vesting of Full Value Awards such that the Plan Minimum Vesting Requirements are still satisfied, without such vesting acceleration counting toward the 5% Limit.

  • If death or Disability of the Optionee occurs prior to satisfaction of the Vesting Requirements, this Option shall become immediately exercisable for 100% of the Option Shares set forth in the Award Statement.

  • Arsenal-wide groundwater flow maps indicate that groundwater in the upper semi-confined aquifer flows towards Green Pond Brook.

  • The period(s) specified in the attached Schedule, over which achievement of the Performance Vesting Requirements is to be measured.

  • Subject to the Plan Minimum Vesting Requirements, the Administrator shall set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant.

  • Prior to the satisfaction of the Vesting Requirements set forth in the Schedule in the Award Statement (the “Schedule”), the Option Shares may not be exercised except as provided in paragraph 2 below.

  • Subject to the Plan Minimum Vesting Requirements, the Administrator, in its discretion, may reduce or waive any vesting criteria and may accelerate the time at which any restrictions will lapse or be removed.

  • Subject to the Plan Minimum Vesting Requirements set forth in Sections 4(b)(vi) and 4(d) hereof, the Administrator shall set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant.

  • Deferred Stock Units shall consist of a Restricted Stock, Restricted Stock Unit, Performance Share or Performance Unit Award that the Administrator, in its sole discretion permits to be paid out in installments or on a deferred basis, in accordance with rules and procedures established by the Administrator, subject to the Plan Minimum Vesting Requirements set forth in Sections 4(b)(vi) and 4(d) hereof.

Related to Vesting Requirements

  • Listing Requirements means the Main Market Listing Requirements of Bursa Malaysia Securities Berhad including any amendment or modification to the same that may be made from time to time;

  • Performance Requirements means (i) with respect to a Segment or the System, the applicable System Performance Requirements set forth or to be developed by mutual agreement pursuant to the System Performance and Availability section of the Technical Volume, (ii) with respect to any System Upgrade, the applicable System Performance Requirements set forth in or to be developed by mutual agreement pursuant to the Technical Volume or (iii) in each case, such other Segment, System or System Upgrade performance levels as mutually agreed by the Parties.

  • Vesting Conditions means those conditions established in accordance with Section 8.4 or Section 10.2 of the Plan prior to the satisfaction of which shares subject to a Restricted Stock Award or Restricted Stock Unit Award, respectively, remain subject to forfeiture or a repurchase option in favor of the Company upon the Participant’s termination of Service.

  • Service Requirements means the specification that the Flexibility Services must be capable of meeting, as defined in Schedule 1;

  • Reporting Requirements As defined in Section 11.15.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Monitoring Requirements Schedule means the Schedule containing details of the monitoring arrangements.

  • Vesting Schedule means the vesting schedule specified in the Grant Notice pursuant to which the Optionee is to vest in the Option Shares in a series of installments over his or her period of Service.

  • REIT Requirements has the meaning set forth in Section 5.2.

  • Vesting means the process by which the Grantee becomes entitled to receive the benefit of a grant made to him under the Scheme.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • Vesting Date means the date established by the Committee on which a share of Restricted Stock or Phantom Stock may vest.

  • Non-transferability means the occurrence of any event that makes it impossible for the Issuer to deliver Renminbi between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong, other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date and it is impossible for the Issuer, due to an event beyond its control, to comply with such law, rule or regulation).

  • Performance Conditions means specific levels of performance of the Company (and/or one or more members of the Company Group, divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis on the following measures: (i) net earnings, net income (before or after taxes), or consolidated net income; (ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross revenue or gross revenue growth, gross profit or gross profit growth; (v) net operating profit (before or after taxes); (vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested capital, equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash flow return on capital), which may be, but are not required to be, measured on a per share basis; (viii) actual or adjusted earnings before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA); (ix) gross or net operating margins; (x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total stockholder return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital targets; (xvi) measures of economic value added or other ‘value creation’ metrics; (xvii) enterprise value; (xviii) sales; (xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee retention; (xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to, succession and hiring projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets); (xxiv) comparisons of continuing operations to other operations; (xxv) market share; (xxvi) cost of capital, debt leverage, year-end cash position or book value; (xxvii) strategic objectives; or (xxviii) any combination of the foregoing. Any one or more of the aforementioned Performance Conditions may be stated as a percentage of another Performance Condition, or used on an absolute or relative basis to measure the performance of one or more members of the Company Group as a whole or any divisions or operational and/or business units, product lines, brands, business segments, or administrative departments of the Company and/or one or more members of the Company Group or any combination thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared to the performance of a selected group of comparison companies, or a published or special index that the Committee, in its sole discretion, deems appropriate, or as compared to various stock market indices.

  • Qualifying Performance Criteria means one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the company as a whole or to a business unit or related company, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to a previous year’s results or to a designated comparison group, in each case as specified by the Committee in the Award: sales, revenue, net income, net earnings, earnings per share, return on total capital, return on equity, cash flow, operating profit and margin rate, subject to adjustment by the Committee to remove the effect of charges for restructurings, discontinued operations,

  • Section 302 Requirements Any rules or regulations promulgated pursuant to the Xxxxxxxx-Xxxxx Act of 2002 (as such may be amended from time to time).

  • RMB Non-Transferability means the occurrence of any event that makes it impossible for the Bank to deliver RMB between accounts inside the applicable RMB Settlement Centre(s) or from an account inside the applicable RMB Settlement Centre(s) to an account outside the applicable RMB Settlement Centre(s) (including where the RMB clearing and settlement system for participating banks in the applicable RMB Settlement Centre(s) is disrupted or suspended), other than where such impossibility is due solely to the failure of the Bank to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date of the first Tranche of the relevant Series and it is impossible for the Bank, due to an event beyond its control, to comply with such law, rule or regulation);

  • Performance Criteria means the criteria that the Administrator selects for purposes of establishing the Performance Goal or Performance Goals for an individual for a Performance Cycle. The Performance Criteria (which shall be applicable to the organizational level specified by the Administrator, including, but not limited to, the Company or a unit, division, group, or Subsidiary of the Company) that will be used to establish Performance Goals are limited to the following: earnings before interest, taxes, depreciation and amortization, net income (loss) (either before or after interest, taxes, depreciation and/or amortization), changes in the market price of the Stock, economic value-added, funds from operations or similar measure, sales or revenue, acquisitions or strategic transactions, operating income (loss), cash flow (including, but not limited to, operating cash flow and free cash flow), return on capital, assets, equity, or investment, stockholder returns, return on sales, gross or net profit levels, productivity, expense, margins, operating efficiency, customer satisfaction, working capital, earnings (loss) per share of Stock, sales or market shares and number of customers, any of which may be measured either in absolute terms or as compared to any incremental increase or as compared to results of a peer group.

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • Award Criteria means the Standard Services Award Criteria and/or the Competed Services Award Criteria as the context requires

  • Standard Listing Conditions has the meaning ascribed thereto in Section 5(a)(v) of this Agreement;

  • Minimum Requirements To ensure the CNA demonstrates proper preparation, organization, and readiness, the formal briefing (and supporting documentation) to the Commission must include –  Detailed list, to include descriptions, of the services the CNA provides the NPAs in support of the AbilityOne Program and additional services the CNA intends to incorporate in the future (with a timeline for incorporation).  Details regarding the results of the implementation and execution of the CNA’s NPA affiliation process. Address the progress the CNA has made with vetting NPAs to ensure they meet AbilityOne Program’s initial qualification criteria in accordance with 41 C.F.R. § 51-4.2. Ensure details are provided regarding the number of NPAs already vetted.  Details regarding the implementation of the CNA’s NPA recommendation and allocation process and procedures, to include the process used to announce opportunities to the NPA community. Address in detail: • how many notices have been posted; • types of opportunities; • how well the NPAs are able to sufficiently respond to the notices; • challenges and successes experienced in this process and efforts to improve; • results of opportunity notices (Commission approved/disapproved, new Procurement List additions, NPAs dispute CNA recommendations, contracts awarded, etc.)  Detailed list of the NPAs that are officially affiliated with the CNA, description of the services (or products) the NPA can/or currently provide(s) federal customers, and the government agencies and requirements that the NPAs will potentially fulfill/are currently fulfilling.  Total Program Fee collected during Phase III, to include name of NPA and government customer; contract number, contract value, fee charged per contract; and brief description of product or service.

  • Direct Award Criteria means the award criteria to be applied for the award of Call-Off Contracts for Standard Services set out in Part 1 of Schedule 6 (Award Criteria) of this Framework Agreement;