Common use of Compliance with Board Policies Clause in Contracts

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on November 1, 2014, the Executive shall be required to build a holding of Shares equal to at least five times his Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Executive Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxxxx to you dated December 2, 2014.

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on November August 1, 2014, the Executive shall be required to build a holding of Shares equal to at least five two times his Executive’s Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Executive Operating Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxxxx to you dated December 2August 29, 2014.

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on November August 1, 2014, the Executive shall be required to build a holding of Shares equal to at least five two times his Executive’s Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Executive Merchandising & Marketing Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxxxx to you dated December 2August 29, 2014.

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on November August 1, 2014, the Executive shall be required to build a holding of Shares equal to at least five two times his Executive’s Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Executive Financial Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxxxx to you dated December 2August 29, 2014.

Compliance with Board Policies. (a) Over the course of the five-year period that commenced on November August 1, 2014, the Executive shall be required to build a holding of Shares equal to at least five one times his Executive’s Base Salary (the “Share Ownership Requirement”). Until the Share Ownership Requirement has been achieved, the Executive shall be required to hold at least fifty percent (50%) of Executive’s Shares (i) received upon exercise of stock options or stock appreciation rights or settlement of restricted stock units, as the case may be, under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax) and (ii) pursuant to which the applicable restrictions have lapsed, in the case of restricted Shares granted under the Company’s equity plans (other than the minimum number of Shares required to pay the related tax). For the avoidance of doubt, once the Share Ownership Requirement is achieved at any given Share price, such requirement shall be considered satisfied, notwithstanding any subsequent change in Share price. The Share Ownership Requirement shall be required for so long as the Executive is the Chief Executive Human Resources Officer of the Signet Group. The details of the Share Ownership Requirement are set forth in the memorandum from Xxxxx Xxxx Xxxxxx to you dated December 2August 29, 2014.