Examples of Other Grant in a sentence
The term “Unsatisfied Forfeiture Value” shall mean the value (as determined by the Committee in its absolute discretion) of any portion of the Award determined by the Committee to be subject to forfeiture with respect to the Other Grant Year (without regard to whether or not some portion thereof has already vested) that has in fact vested prior to such determination by the Committee.
A Deferral Election with respect to an Other Grant shall be irrevocable, except that the Committee or the Special Committee, as appropriate under Article II, may permit a Participant at any time prior to the actual deferral of the Other Grant to reduce the designated percentage to be deferred upon a finding, based upon uniform standards established by the Committee, that the Participant has suffered a Financial Hardship.
The Determination Date immediately preceding the date that, but for the Deferral Election, the Incentive Compensation would be paid, or, with respect to compensation mandatorily deferred pursuant to the terms of an Other Grant, the date on which such compensation is deferred.
A Pre-Retirement Payment Sub-Account, a Retirement Payment Sub-Account or an Other Grant Sub-Account.
The terms of an Other Grant may specify the percentage of the Other Grant that is deferred without the requirement for a Deferral Election by the Eligible Employee.
Notwithstanding anything to the contrary in Section 5.1, the balance in a Participant's Other Grant Sub-Account or Sub-Accounts shall be payable as provided for by the terms of the applicable Other Grant and/or the Participant's elections with respect thereto.
An Account will also consist of, if applicable, one or more separate Other Grant Sub-Accounts, to which there shall be credited all compensation deferred (and all Investment Fund Returns or Interest thereon) pursuant to Other Grants, the Plan Benefit of which shall be payable in accordance with the terms of such Other Grant, or as otherwise provided by the Participant’s election.
An Account will also consist of, if applicable, one or more separate Other Grant Sub- Accounts, to which there shall be credited all compensation deferred (and all Investment Fund Returns or Interest thereon) pursuant to Other Grants, the Plan Benefit of which shall be payable in accordance with the terms of such Other Grant, or as otherwise provided by the Participant's election.
Any cash award payable to an Eligible Employee as an Incentive Bonus or, if applicable, a Strategic Grant or Other Grant that, but for a Deferral Election or mandatory deferral under the Plan, would be paid to the Eligible Employee and considered to be "wages" for purposes of United States federal income tax withholding (or other appropriate jurisdiction).
Before September 30 of each Plan Year or, if required by the terms of an Other Grant, before such date as specified by the Chief Executive Officer or the Committee, each Eligible Employee who elects to become a Participant shall file with the Executive Vice President - Human Resources or the Service Provider, if indicated by TRW Automotive, a Participation Agreement specifying the items identified in paragraph (b) above.