Basic Award Sample Clauses

Basic Award. High School Diploma and; Two (2)consecutive years of employment with the District, and Course work from an accredited college demonstrated by the completion of six (6) semester hours/nine (9) quarter hours, or two (2) or more certificates from courses from an Adult, Community, Technical or Vocational Education facility the total of which shall be no less than forty-eight (48) hours of job-related subjects, and Sixty (60) District In-service Points
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Basic Award. The Company shall grant to ----------- Executive 10-year options covering, in total, one thousand nine hundred (1,900) shares of Common Stock. The option exercise price for five hundred (500) of the shares covered by the options (the "First Option Group") shall be four thousand five hundred dollars ($4,500) per share; the option exercise price for six hundred (600) of the shares covered by the options (the "Second Option Group") shall be six thousand five hundred dollars ($6,500) per share; and the option exercise price for eight hundred (800) of the shares covered by the options (the "Third Option Group") shall be eight thousand five hundred dollars ($8,500) per share. The options, which shall be substantially in the form attached hereto as Exhibit A, shall provide for vesting of the First Option Group on March 2, 1999, --------- vesting of the Second Option Group on March 2, 2000, and vesting of the Third Option Group on March 2, 2001. The First Option Group shall be granted as of March 2, 1998. The Second and Third Option Groups shall be granted as of the consummation of an IPO.
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Basic Award. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant an Award (the "Basic Award") of $491,400.00, payable subject to the Participant's continued employment with the Company.
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Basic Award. A Basic Award will initially be set at $185.00 per Settlement Class Member, as identified by Defendants’ records, is subject to upward or downward proration, and will be paid regardless of whether the claimant experienced any fraudulent or unauthorized activity, any identifiable losses, or any identity theft as a result of the Security Incident. The actual amount to be paid for Basic Awards will be calculated further as described in ¶ 7.3 below, including with respect to proration based upon the number of valid claims submitted.
Sample 1
Basic Award. Every Settlement Class Member who does not (1) Opt-Out; or (2) submit an Approved Claim for a Reimbursement Award is eligible to receive a Basic Award, regardless of whether he or she experienced any fraudulent or unauthorized charges on his or her credit or debit card used to make a purchase or a declined purchase from iCanvas’ website and regardless of whether he or she claims to have experienced any identity theft as a result of the Data Incident. The Claims Administrator will be responsible for distributing the Basic Awards pro rata after all Settlement Costs and Approved Claims for Reimbursement Awards have been deducted from the Settlement Fund.
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Related to Basic Award

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

  • 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. 

  • 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 Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Dividend Equivalent Units On the date that the Company pays a cash dividend to holders of Stock generally, the Participant shall be credited with a number of additional whole Dividend Equivalent Units determined by dividing (a) the product of (i) the dollar amount of the cash dividend paid per share of Stock on such date and (ii) the total number of Restricted Stock Units and Dividend Equivalent Units previously credited to the Participant pursuant to the Award and which have not been settled or forfeited pursuant to the Company Reacquisition Right (as defined below) as of such date, by (b) the Fair Market Value per share of Stock on such date. Any resulting fractional Dividend Equivalent Unit shall be rounded to the nearest whole number. Such additional Dividend Equivalent Units shall be subject to the same terms and conditions and shall be settled or forfeited in the same manner and at the same time as the Restricted Stock Units originally subject to the Award with respect to which they have been credited.

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Service Award Named Plaintiff may apply to the Court for a service award of up to ten thousand dollars ($10,000). Subject to the Court’s approval, the service award shall be paid from the Settlement Fund ten (10) days after the Effective Date.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • 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.

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