Annual Equity Award shall have the meaning set forth in Section 3(c).
Annual Equity Award means stock options, stock awards, restricted stock, restricted stock units, stock appreciation rights, or other awards based on or derived from the Stock which are authorized under this Plan for award to Non-Employee Directors under Section 6.2 of the Plan.
Annual Equity Award. Consideration for inclusion in the Company’s annual equity grant, subject to Compensation Committee discretion and the terms of the Company’s 2013 Long-Term Incentive Plan or other applicable plan (the “2013 Plan”) and related award agreement(s).
Examples of Annual Equity Award in a sentence
The Annual Equity Award will be granted pursuant and subject to the Milacron Holdings Corp.
The Initial Annual Equity Award shall be comprised of a mix of awards consistent with the awards granted to the executive officers of Mylan N.V. in 2017, with terms determined in the sole discretion of the Committee or the Board, and with the grant date, grant date price and, if applicable, exercise price, determined by the Committee or the Board, and otherwise subject to the terms and conditions of Mylan’s Amended and Restated 2003 Long-Term Incentive Plan.
For the avoidance of doubt, the Executive Chairman shall receive three Annual Equity Awards (one Annual Equity Award during each year of employment) and shall not be eligible to receive more than three Annual Equity Awards.
The cash portion of the STI shall be paid and the Annual Equity Award portion shall be awarded as soon as reasonably practicable following the Compensation Committee’s review of the Executive’s performance for the most recently completed STI Period, and in accordance with the Company’s normal payroll practices for the payment of annual bonuses to senior executives, provided such payment and award is made by March 15 of the calendar year following the calendar year in which the STI is earned.
Except as otherwise expressly provided in Section 5, any Annual Equity Award shall be on such terms as established by the Compensation Committee in its sole discretion.
More Definitions of Annual Equity Award
Annual Equity Award means the annual Restricted Share Unit award that a Director will be entitled to receive as compensation for serving as a Director in a relevant year (not including any Fees), which, unless otherwise determined by the Board, will be granted under the Stock Plan.
Annual Equity Award means an award of restricted stock units granted to each Non-Employee Director of Illumina as compensation for their service on the Board of Directors. Annual Equity Awards are typically granted at the time of the Company’s annual meeting of stockholders as compensation for service until the next Annual Meeting, which is typically approximately one year later. However, a new director who first joins the Board on a date other than the date of the annual meeting of stockholders may receive a pro-rated Annual Equity Award as compensation for their service until the next annual meeting of stockholders. The “Annual Equity Award” is separate and distinct from any Initial Equity Award granted to a Non-Employee Director. Annual Equity Awards vest at
Annual Equity Award means, with respect to the Chief Executive Officer, annual equity awards received pursuant to the Company’s long-term incentive program.
Annual Equity Award. You are also eligible to participate in the Company stock award program. Stock awards are subject to ratification by the Compensation and Organizational Development Committee of the Board of Directors (“the Compensation Committee”). In accordance with the terms of the Company Long-Term Stock Incentive Plan, beginning with fiscal 2014, you will be eligible to receive an annual award with a value of $1,000,000 on the same date that annual grants are made to other senior executives, normally with a portion of the award in each of April and July but may be earlier or later. One-Time Stock Award: You will receive a one-time stock award with a value of approximately $2,500,000 to be granted 1) with $1,500,000 in the form of time-based Restricted Stock Units vesting in three equal installments on the anniversary date of the grant in 2013, 2014 and 2015, subject to continued service to each vesting date, pursuant to the terms of the Plan, and each such vested share shall be settled as soon as practicable but not more than 30 days after the vesting date; and 2) $1,000,000 in the form of stock options vesting in three equal installments on the anniversary date of the grant in 2013, 2014, and 2015, subject to continued service to each vesting date, pursuant to the terms of the Plan. The One-Time Stock Award will be granted as soon as practicable following your employment date, subject to approval by the Compensation Committee. You shall immediately vest in any unvested restricted stock units or any unvested stock options granted as part of this One-Time Stock Award on the date of your termination unless your employment is terminated by the Company for Cause or by you without Good Reason, as defined in the Employment Agreement. Any stock options vested in accordance with the preceding sentence can be exercised for up to three months from your termination date in accordance with the terms of the Plan. For all equity awards, conversion of values to be based on the Company’s standard procedure of using the Fair Market Value 10 days before the applicable grant date, as approved by the Compensation Committee. One-Time Payment You will receive a one-time payment of $50,000 (“One-Time Payment”), less applicable deductions, within 30 days of your Start Date. If you terminate your employment for any reason, or if the Company terminates your employment for Cause within 24 months of your Start Date, then you shall repay the One-Time Payment to the Company within 15 days of the d...
Annual Equity Award. You are also eligible to participate in the Company stock award program. Stock awards are subject to ratification by the Compensation and Organizational Development Committee of the Board of Directors ("the Compensation Committee"). In accordance with the terms of the Company Long-Term Stock Incentive Plan, beginning with fiscal 2015, you will be eligible to receive an annual award with a value of at least $1,000,000. In fiscal 2015, one portion of the award will be granted on or before the last day of the fiscal quarter following your employment start date and the remaining portion of the award will be granted on the same date that annual grants are made to other senior executives, expected in July 2014. Beginning in fiscal 2016, your annual award will be granted on the same date that annual grants are made to other senior executives, normally with a portion of the award in each of April and July but may be earlier or later.
Annual Equity Award. Beginning Fiscal 2017, target equity value of $7,500,000 to be granted annually at the same time as annual awards to other executives, normally in May but may be earlier or later, and under terms of the Xxxxx Lauren Corporation 2010 Long-Term Stock Incentive Plan, or any successor thereto (the "Plan"), as approved each year by the Compensation and Organizational Development Committee of the Xxxxx Xxxxxx Corporation Board of Directors ("Compensation Committee"), including grant structure, type of awards, conversion of value to actual number of shares, and other applicable factors as determined by the Committee in its discretion. Relocation: Eligible for relocation benefits as set forth in Exhibit 2.