Examples of Determination Date in a sentence
The PSUs shall Vest in accordance with the criteria set forth in Appendix A hereto and be settled within thirty (30) days following the Determination Date.
Any PSUs that are determined not to be earned by the Committee under an Award will be permanently and irrevocably forfeited as of the Determination Date and Grantee will have no further rights to such unvested PSUs or the related Dividend Equivalents.
Except as otherwise provided in the Plan or herein, any unvested PSUs subject to this Award shall no longer Vest and shall be forfeited without payment of any kind to Grantee, immediately after Grantee fails to maintain continuous status as an Employee through the Determination Date (as defined below), to the extent such PSUs are not then vested in accordance with the following vesting provisions.
Notwithstanding clauses (1) and (2) of the definition of “SOFR” above, if the Issuer or its designee (in consultation with the Issuer) determine on or prior to the relevant Interest Determination Date that a Benchmark Transition Event and related Benchmark Replacement Date have occurred with respect to SOFR, then the “Benchmark Transition Provisions” set forth in Condition 4(f) below will thereafter apply to all determinations of the rate of interest payable on the Notes during the floating rate period.
During the floating rate period, interest will accrue on the Notes at a floating rate equal to the applicable Benchmark (as defined below) as determined by the Calculation Agent (as defined herein) quarterly on each Interest Determination Date (as defined below), plus 162 basis points (1.62%) (the Margin).