New Award Sample Clauses

New Award. Effective as of the Effective Date, Executive has received an award under the Stock Incentive Plan of 20,000 shares of performance-based restricted stock in connection with the execution of this Agreement (the “new PBRS award”) that shall be subject to the vesting terms described in (i) and (ii) below.
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New Award. Executive shall be granted an award of RSUs under the 2011 Plan as soon as practicable (and no later than 30 days) following the date hereof (the “New Award”). The New Award shall have a grant date value equal to $1,500,000, based on the closing price of a share of the Company’s common stock on the Effective Date. The New Award shall be eligible to vest as follows: (A) one-third of the New Award (the “First Tranche”) shall vest 100% on the first anniversary of the Effective Date; (B) one-third of the New Award (the “Second Tranche”) shall vest if and when there is a 25% increase in the per share price of the Company’s common stock (measured based on the 20-trading day volume weighted average price (“VWAP”) per share as displayed under the heading “Bloomberg VWAP” on the Company’s Bloomberg page) from the closing price of the Company’s common stock on the Effective Date, provided, except as otherwise set forth herein, that the Second Tranche shall be forfeited if such increase is not achieved on or prior to the third anniversary of the Effective Date; and (C) one-third of the New Award (the “Third Tranche”) shall vest if and when there is a 50% increase in the per share price of the Company’s common stock (measured based on the 20-trading day VWAP per share as displayed under the heading “Bloomberg VWAP” on the Company’s Bloomberg page) from the closing price of the Company’s common stock on the Effective Date, provided, except as otherwise set forth herein, that the Third Tranche shall be forfeited if such increase is not achieved on or prior to the third anniversary of the Effective Date. Notwithstanding the foregoing, upon a Sale of the Company, the New Award shall become 100% vested. Except as provided below in Section 5, the vesting of the New Award (or any portion thereof) is in all cases subject to Executive’s continued employment with the Company until the applicable vesting date. Executive shall be permitted, at Executive’s discretion, to pay all withholdings and other taxes with respect to the New Award (and the 2020 Grant) through a “net” issuance whereby the Company shall withhold shares that otherwise would be issued to Executive to pay such withholdings and other taxes. The New Award shall be subject to the terms and conditions of the 2011 Plan and the underlying award agreement, which award agreement shall be consistent with the terms set forth herein. Executive and the Company hereby acknowledge and agree that no new equity awards shall be g...
Sample 1
New Award. On the Effective Date, Executive shall be granted, under and subject to the provisions of the Company’s 2017 Stock and Annual Incentive Plan (the “2017 Plan”), an award of Company Restricted Stock Units (the “RSU Award”) with a grant date value of $15.0 million, The actual vesting and other terms and conditions of the RSU Award will be governed by the award notices and related terms and conditions attached as Exhibit B and the 2017 Plan. Executive shall remain eligible for future equity grants during the Term of his employment with the Company.
Sample 1
New Award. Consultant shall be granted an award of Restricted Stock under the 2020 EIP on April 15, 2021 (the “New Award”). The New Award shall have a grant date fair value equal to $300,000, based on the ten-day value weighted average closing price on April 15, 2021. The New Award shall be eligible to vest as follows: (i) $150,000 of the New Award (the “First Tranche”) shall vest 100% immediately; (ii) $75,000 of the New Award (the “Second Tranche”) shall vest at the end of the first year of the Term; and (iii) $75,000 of the New Award (the “Third Tranche”) shall vest at the end of the second year of the Term. Except as provided below in Section 14, the vesting of the New Award (or any portion thereof) is in all cases subject to Consultant’s continued service with the Company until the applicable vesting date. The New Award shall be subject to the terms and conditions of the 2020 EIP and the underlying award agreement, which award agreement shall be consistent with the terms set forth herein. Consultant and the Company hereby acknowledge and agree that no new equity awards shall be granted to Consultant during the Term, other than the New Award.
Sample 1
New Award. This award number NA16NOS0120022, to the University of California, San Diego, supports the work described in the Recipient's proposal entitled "Integrated Ocean Observing System Implementation: Southern California Coastal Ocean Observing System (SCCOOS)" dated 08/28/2015, which is incorporated into the award by reference. Where the terms of the award and proposal differ, the terms of the award shall prevail.
Sample 1

Related to New Award

  • Share Award The Corporation hereby awards the Employee Shares (Shares) of Common Stock, par value $1.50 per share (Common Stock) of the Corporation pursuant to the 2007 Viad Corp Omnibus Incentive Plan (Plan), subject to the terms, conditions, and restrictions of such Plan and as hereinafter set forth.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Cash Award Subject to Section 2 and provided that you are employed by the Company or one of its affiliates on each applicable payment date set forth below, the Company shall pay you the Cash Award at the following times: (i) one-third (1/3) of the Cash Award on the Closing Date, (ii) one-third (1/3) of the Cash Award on the first anniversary of the Closing Date and (iii) the remaining one-third (1/3) of the Cash Award on the second anniversary of the Closing Date.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Retention Award The Company shall pay the Executive $785,000, plus interest at the rate specified below (the “Retention Award”) in a lump-sum cash payment in July 2014, provided that the Executive remains employed through December 31, 2013. The Retention Award shall be credited with interest based on the Prime Rate of SunTrust Bank, Atlanta. For the avoidance of doubt, if the Executive is employed through December 31, 2013, the Company shall pay the Retention Award in July 2014 without regard for the Executive’s termination of employment for any reason between December 31, 2013 and July 2014.

  • RSU Award An RSU Award shall be similar in nature to a Restricted Stock Award except that no shares of Stock are actually transferred to the Holder until a later date specified in the applicable Award Agreement. Each RSU shall have a value equal to the Fair Market Value of a share of Stock.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

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