Amount and Payment of Award Sample Clauses

Amount and Payment of Award. In accordance with the terms of this Performance Award Agreement, the target amount of your contingent Award is $240,000 (the “Target Award”), which may be increased or decreased to the extent the performance objectives set forth on Annex 1 hereto (the “Objectives”) have been attained in respect of the period from January 1, 2011 through December 31, 2011 (the “Performance Period”). The Award, calculated in accordance with Annex 1 attached hereto, will become payable to you upon the date on which the Committee (as defined in Section 10 below) determines the Company’s performance against the Objectives (the “Payment Date”) provided, that you have remained in the continuous employ of the Company or one of its Affiliates from the Effective Date through the Payment Date.
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Amount and Payment of Award. [In accordance with the terms of this Performance Award Agreement, the target amount of your contingent Award is $__________ (the “Target Award”). Notwithstanding the Target Amount described above, upon certification by the Committee (as defined in Section 11 below) of the achievement of the performance criteria (the “Objectives”) set forth in Annex 1 attached hereto, your Award will equal the Target Award multiplied by two (2), subject to the Committee's right to exercise “negative discretion” to the extent permitted by Annex 1. The Award, calculated in accordance with Annex 1, will become payable to you upon the date that the Company pays performance awards granted by the Committee on____________ to non-executive officers of the Company (the “Payment Date”) provided, that you have remained in the continuous employ of the Company or one of its Subsidiaries from the Effective Date through the Payment Date, and provided, further, that the Committee has certified the achievement of the Objectives.]1 [In accordance with the terms of this Performance Award Agreement, the target amount of your contingent Award is $___________ (the “Target Award”), which may be increased or decreased to the extent the performance objectives set forth on Annex 1 hereto (the “Objectives”) have been attained in respect of the period from July 1, _____ through June 30, _____ (the “Performance Period”). The Award, calculated in accordance with Annex 1 attached hereto, will become payable to you upon the date on which the Committee (as defined in Section 10 below) determines the Company's performance against the Objectives (the “Payment Date”) provided, that you have remained in the continuous employ of the Company or one of its Subsidiaries from the Effective Date through the Payment Date.]2 At the sole discretion of the Committee, the Award may be paid in cash or in shares of equivalent value of Class A Common Stock of the Company (based on the Fair Market Value of such Class A Common Stock on the Payment Date as determined by the Committee) to be issued pursuant to The Madison Square Garden Company 2010 Employee Stock Plan (or any successor plan).
Sample 1
Amount and Payment of Award. In accordance with the terms of this Performance Award Agreement, the target amount of your contingent Award is $ (the “Target Award”), which may be increased or decreased to the extent the performance objectives set forth on Annex 1 hereto (the “Objectives”) have been attained in respect of the period from January 1, 2012 through December 31, 2012 (the “Performance Period”). The Award, calculated in accordance with Annex 1 attached hereto, will become payable to you upon the date on which the Committee (as defined in Section 10 below) determines the Company’s performance against the Objectives (the “Payment Date”) provided, that you have remained in the continuous employ of the Company or one of its Subsidiaries from the Effective Date through the Payment Date. At the sole discretion of the Committee, the Award may be paid in cash or in shares of equivalent value of Class A Common Stock of the Company (based on the Fair Market Value of such Class A Common Stock on the Payment Date as determined by the Committee) to be issued pursuant to the Madison Square Garden, Inc. 2010 Employee Stock Plan (or any successor plan).
Sample 1
Amount and Payment of Award. In accordance with the terms of this Performance Award Agreement, the target amount of your contingent Award is $__________________ (the “Target Award”), which may be increased or decreased to the extent the performance objectives set forth on Annex 1 hereto (the “Objectives”) have been attained in respect of the period from _______________ through _______________ (the “Performance Period”). The Award, calculated in accordance with Annex 1 attached hereto, will become payable to you upon the date on which the Committee (as defined in Section 10 below) determines the Company’s performance against the Objectives (the “Payment Date”) provided, that you have remained in the continuous employ of the Company or one of its Affiliates from the Effective Date through the Payment Date.
Sample 1
Amount and Payment of Award. In accordance with the terms of this Performance Award Agreement, the target amount of your contingent Award is $ (the “Target Award”), which may be increased or decreased to the extent the performance objectives set forth on Annex 1 hereto (the “Objectives”) have been attained in respect of (the “Performance Period”). The Award, calculated in accordance with Annex 1 attached hereto, will become payable to you on (the “Payment Date”) provided, that you have remained in the continuous employ of the Company or one of its Affiliates from the Effective Date through the Payment Date.
Sample 1
Amount and Payment of Award. In accordance with the terms of this Performance Cash Award Agreement (the “Agreement”), the target amount of your contingent Award is $__________________ (the “Target Award”), which may be increased or decreased to the extent the performance objectives set forth on Annex 1 hereto (the “Objectives”) have been attained in respect of the period from January 1, 2021 through December 31, 2023 (the “Performance Period”). The Award, calculated in accordance with Annex 1 attached hereto, will become payable to you upon the later of March 9, 2024 and the date on which the Committee (as defined in Section 11 below) determines the Company’s performance against the Objectives (the “Award Date”); provided, that you have remained in the continuous employ of the Company or one of the AMC Subsidiaries (as defined in Section 22 below) from the Effective Date through the Award Date.
Sample 1
Amount and Payment of Award. In accordance with the terms of this Agreement, the target amount of your contingent Award is $ (the “Target Award”), which may be increased or decreased to the extent the performance objectives set forth on Annex 1 hereto (the “Objectives”) have been attained in respect of the period from January 1, 2012 through December 31, 2012 (the “Performance Period”). The Award, calculated in accordance with Annex 1 attached hereto, will become payable to you upon the date on which the Committee ratifies the performance of AMC Networks Inc. against the Objectives (the “Payment Date”) based upon the written certification made by the AMC Compensation Committee and provided to the Committee of the level of achievement of AMC Networks Inc. against the Objectives provided, that you have remained in the continuous employ of the Company or one of its Affiliates from the Effective Date through the Payment Date.
Sample 1
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Related to Amount and Payment of Award

  • Payment of Award (a) Subject to §6(b), the total number of Restricted Stock Units (and related Dividend Equivalent Rights) which vest, if any, in accordance with §3, §4, or §5 of this Unit Agreement (the “Vested Units”) shall be paid in an equivalent number of shares of Stock on the specified dates, as follows: 33⅓% shall be paid on the first anniversary of the Grant Date; 33⅓% shall be paid on the second anniversary of the Grant Date; 33⅓% shall be paid on the third anniversary of the Grant Date. Payments made pursuant to this sub-paragraph (a) will deemed to be made on the specified date if such payment are made within the sixty (60) day period which commences immediately following the specified date. (b) Notwithstanding the specified dates set forth in §6(a), the total number of Vested Units shall be distributed in an equivalent number of shares of Stock upon the earliest to occur of the following: (i) the date of the Grantee’s death, (ii) the date of the Grantee’s Disability, or (iii) if prior to the date a Grantee becomes eligible for Retirement, the date of the Grantee’s Separation from Service. In the event payment is made pursuant to this sub-paragraph (b) such payment shall be made within the sixty (60) day period which commences immediately following the date of the applicable event. (c) Except as set forth below, the Vested Units shall be distributed in an equivalent number of shares of Stock; provided, however, the Grantee’s right to any fractional share of Stock shall be paid in cash. In the event the Restricted Stock Units (and related Dividend Equivalent Rights) vest following a Change in Control pursuant to § 4, the Vested Units shall be paid in cash, and the amount of the payment for each Vested Unit to be paid in cash will equal the Fair Market Value of a share of Stock on the date of the Change in Control. (d) Notwithstanding anything herein to the contrary, distributions may not be made to a Key Employee upon a Separation from Service before the date which is six (6) months after the date of the Key Employee’s Separation from Service (or, if earlier, the date of death of the Key Employee). Any payments that would otherwise be made during this period of delay shall be accumulated and paid in the seventh month following the Grantee’s Separation from Service. (e) The Grantee shall be entitled to a Dividend Equivalent Right for each Vested Unit. At the same time that the Vested Units are paid, SunTrust shall pay each Dividend Equivalent Right in shares of Stock to the Grantee, provided, however, the Grantee’s right to any fractional share of Stock shall be paid in cash. In the event the Restricted Stock Units vest pursuant to §4, related Dividend Equivalent Rights shall be paid in cash. (f) The Grantee will not have any shareholder rights with respect to the Restricted Stock Units, including the right to vote or receive dividends, unless and until shares of Stock are issued to the Grantee as payment of the vested Restricted Stock Units.

  • Payment of Awards The payment of the Award shall be made in shares of Common Stock. The payment of an Award shall be made within 70 days following the end of the Restricted Period.

  • Payment of Option Price The purchase price of Common Stock upon exercise of this Option shall be paid in full to the Corporation at the time of the exercise of the Option in cash or by the surrender to the Corporation of shares of previously acquired Common Stock which shall have been held by the Participant for at least six (6) months and which shall be valued at Fair Market Value on the date the Option is exercised, or by a combination of cash and such Common Stock.

  • Performance and Payment Bond Contractor shall post with County, not later than ten (10) days of the execution of this Agreement, a performance and payment bond in the amount of one hundred percent (100%) of the total lump sum price in such form as is satisfactory to County. The bond shall be executed by a corporate surety company duly authorized and admitted to do business in the State of Texas and licensed to issue such a bond in the State of Texas.

  • Settlement of Award Except as otherwise provided in Section 12 hereof, if the Grantee becomes vested in his Awards, or any portion thereof, in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of RSUs subject to the Award then becoming vested. Such shares shall be delivered within 30 days following the date of vesting.

  • Refund or Payment upon Termination Upon any termination for cause by You, We shall refund You any prepaid fees covering the remainder of the term of all subscriptions after the effective date of termination. Upon any termination for cause by Us, You shall pay any unpaid fees covering the remainder of the term of all Order Forms after the effective date of termination. In no event shall any termination relieve You of the obligation to pay any fees payable to Us for the period prior to the effective date of termination.

  • Performance and Payment Bonds The authority and responsibility for requesting performance and payment bonds shall rest with the Customer. Under this Contract, the Customer issuing the purchase order may request a performance and payment bond, as deemed necessary by the size of the job. Inability to provide a bond may result in the Contractor being found in default of the purchase order.

  • FEES AND PAYMENT SCHEDULE The fees and payment schedule for furnishing services under this Contract shall be based on the rate schedule which is attached hereto as Exhibit B and by this reference incorporated herein. Said fees shall remain in effect for the entire term of the Contract. Contractor shall provide County with his/her/its Federal Tax I.D. number prior to submitting the first invoice.

  • Committee Discretion to Accelerate Vesting Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the RSUs at any time and for any reason.

  • Designation, Amount and Par Value The series of preferred stock shall be designated as the Series D 5% Convertible Preferred Stock (the "Preferred Stock"), and the number of shares so designated and authorized shall be Three Thousand (3,000). Each share of Preferred Stock shall have a par value of $0.0001 per share and a stated value of $1,000 per share (the "Stated Value").

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