Common use of Condition to Receipt of Payment Clause in Contracts

Condition to Receipt of Payment. Unless otherwise provided in the applicable Award agreement, a Participant must be employed by the Company on the last day of a Performance Period to be eligible for payment in respect of a Performance Compensation Award for such Performance Period.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Hicks Acquisition CO II, Inc.), Equity Purchase Agreement (Paperweight Development Corp)

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Condition to Receipt of Payment. Unless otherwise provided in the applicable Award agreementAgreement, a Participant must be employed by the Company on the last day of a Performance Period to be eligible for payment in respect of a Performance Compensation Award for such Performance Period.

Appears in 2 contracts

Samples: Equity and Cash Incentive Compensation Plan (Fulton Financial Corp), Stock Incentive Plan Amendment (Pathnet Telecommunications Inc)

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