Common use of Award Rules Clause in Contracts

Award Rules. The Award Rules provide a right to payment, subject to certain conditions, following the Participant’s Termination Date if the Participant meets the Retirement Rule which, among other conditions, may require that the Participant not engage in any activities that compete with the business operations of the Travelers Group through the settlement date of the Award (such non-compete condition may extend beyond the Restricted Period). The remedies for a violation of such non-compete conditions are specified in the Award Rules and are in addition to any remedies of the Travelers Group under this Section 10.

Appears in 10 contracts

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.)

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Award Rules. The Award Rules provide a right to payment, subject to certain conditions, following the Participant’s Termination Date if the Participant meets the Retirement Rule which, among other conditions, may require that the Participant not engage in any activities that compete with the business operations of the Travelers Group through the settlement date of the Award Vesting Date (such non-compete condition may extend beyond the Restricted Period). The remedies for a violation of such non-compete conditions are specified in the Award Rules and are in addition to any remedies of the Travelers Group under this Section 108.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

Award Rules. The Award Rules provide a right to payment, subject to certain conditions, following the Participant’s 's Termination Date if the Participant meets the Retirement Rule which, among other conditions, may require that the Participant not engage in any activities that compete with the business operations of the Travelers Group through the settlement date of the Award Vesting Date (such non-compete condition may extend beyond the Restricted Period). The remedies for a violation of such non-compete conditions are specified in the Award Rules and are in addition to any remedies of the Travelers Group under this Section 108.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

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Award Rules. The Award Rules provide a right to payment, subject to certain conditions, following the Participant’s 's Termination Date if the Participant meets the Retirement Rule which, among other conditions, may require that the Participant not engage in any activities that compete with the business operations of the Travelers Group through the settlement date of the Award (such non-compete condition may extend beyond the Restricted Period). The remedies for a violation of such non-compete conditions are specified in the Award Rules and are in addition to any remedies of the Travelers Group under this Section 10.

Appears in 5 contracts

Samples: Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.), Performance Shares Award Agreement (Travelers Companies, Inc.)

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