Deferred Cash Award Sample Clauses

Deferred Cash Award. To the extent the Company is required to withhold tax in any jurisdiction upon the vesting of the Deferred Cash Award or at such times as otherwise may be required in connection with the Deferred Cash Award, the Company will withhold from the vested portion of the Award to the extent permitted by applicable law, or withhold hypothetical tax pursuant to a Citigroup Expatriate policy, and Participant will be paid the after-tax or after-hypothetical tax amount. If a tax or hypothetical tax the Company is required to withhold is due prior to vesting and withholding is prohibited by applicable law or regulatory guidance, Participant will be required to pay the amount of the applicable tax due to the Company. The Award will be subject to cancelation if Participant fails to make any such required tax payment.

Deferred Cash Award. To the extent the Company is required to withhold tax in any jurisdiction upon the vesting of the Deferred Cash Award or at such times as otherwise may be required in connection with the Deferred Cash Award, the Company will withhold from the vested portion of the award to the extent permitted by applicable law and Participant will be paid the after-tax amount.

Deferred Cash Award. Executive is hereby granted a deferred cash award equal to the value of 124,379 shares of Common Stock as of the date hereof, which will become vested in equal installments subject to Executive’s continued employment with the Company through each of the first three anniversaries of the Effective Date (the “Deferred Cash Award”). The value of the Deferred Cash Award will increase or decrease based on fluctuations in the value of the per share price of the Common Stock over the course of the vesting period; however, the ultimate value of each tranche of the Deferred Cash Award will be based on the closing per share price of the Common Stock on the applicable vesting date. Notwithstanding the foregoing, the Deferred Cash Award will immediately vest upon the occurrence of the Executive’s termination of employment due to a Change in Control or without Cause or for Good Reason or by reason of Executive’s death or Disability, with the value of the Deferred Cash Award in such circumstances determined based on the closing per share price of the Common Stock on the termination date. For the avoidance of doubt, in the event of Executive’s voluntary resignation or if the Company terminates Executive’s employment for Cause, in either case, at any time while any portion of the Deferred Cash Award remains outstanding and unvested, the then unvested portion of the Deferred Cash Award will be cancelled and forfeited in its entirety for no consideration. Payment of any vested portion of the Deferred Cash Award will be paid, less applicable taxes and withholdings, within thirty (30) calendar days of the applicable vesting date.

Deferred Cash Award. As additional consideration for Executive entering into this Agreement and in recognition of the contributions Executive is expected to make to the Company, the Company shall accelerate and vest the 94,487 unvested restricted stock units granted to Executive pursuant to the Restricted Stock Unit Award Agreement pursuant to the GFI Group Inc. 2008 Equity Incentive Plan between the Company and Executive dated as of March 31, 2013 and the Restricted Stock Unit Award Agreement pursuant to the GFI Group Inc. 2008 Equity Incentive Plan between the Company and Executive dated as of March 31, 2014 (collectively, the “2013 and 2014 Award Agreements”), which have been converted to Deferred Cash Awards pursuant to the Tender Offer Agreement, and shall accelerate and vest the Deferred Cash Award in the amount of One Hundred Twenty-Five Thousand Dollars ($125,000) that was awarded to Executive on or around March 31, 2015 (together with the 94,487 unvested restricted stock units granted pursuant to the 2013 and 2014 Award Agreements, the “Outstanding Deferred Cash Awards”). Executive agrees and acknowledges that the Outstanding Deferred Cash Awards have a total aggregate value of Seven Hundred and One Thousand Three Hundred Seventy-One Dollars ($701,371). The Outstanding Deferred Cash Awards shall be accelerated and payable to Executive within ten (10) days of this Agreement being fully executed. Employee agrees and acknowledges that payment of the Outstanding Deferred Cash Awards pursuant to this Section 3(d) shall be in full satisfaction of any rights or interest he had, has, or might have in respect of the 2013 and 2014 Award Agreements and the Deferred Cash Award made to him on or about March 31, 2015, and Executive releases all claims, known or unknown, with respect to such awards.

Deferred Cash Award. Omnicare hereby grants to the Director, on the terms and subject to the conditions set forth herein, a deferred cash award equal to $____________ (the “Deferred Cash Award”).

Deferred Cash Award. 1.1 Subject to the terms and conditions of this Agreement, CenturyLink hereby grants a cash award to the Award Recipient of a total of $________________ (the “Cash Award”). One-half of the Cash Award shall vest on the date of the closing of the Merger (the “Closing Date”) and the remainder shall vest on the first anniversary of the Closing Date, provided in each case that the Award Recipient remains employed with the Company on such date. 1.2 Notwithstanding Section 1.1. above, if the Company terminates the Award Recipient’s employment without Cause prior to the vesting or forfeiture of any portion of the Cash Award under the terms and conditions of this Agreement, all unvested portions of the Cash Award shall vest in full on the date of such termination. For purposes of this Agreement, “Cause” shall mean (a) conviction of a felony; (b) habitual intoxication during working hours; (c) habitual abuse of or addiction to a controlled dangerous substance; or (d) the willful and continued failure of the Award Recipient to perform substantially the Award Recipient’s duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness) for a period of 10 days after a written demand for substantial performance is delivered to the Award Recipient by the Board.

Deferred Cash Award. The Executive shall be eligible to receive a cash award in an amount equal to $800,000 (each, a “Deferred Cash Award”) for each of calendar years 2025, 2026, 2027 and 2028. A Deferred Cash Award shall be paid to the Executive on or within 30 days following each of December 31, 2025, December 31, 2026, December 31, 2027 and December 31, 2028, in each case, subject to and conditioned upon the Executive’s continued employment with the Company through the applicable December 31 date.

Deferred Cash Award. (a) Subject to Section 2(c) below, if the Executive remains in continuous employment with the Company and its affiliates through the end of the Restricted Period, the Company shall provide the Executive with a cash payment equal to $1,000,000 (the “Deferred Cash Award”). Payment of the Deferred Cash Award shall be made to the Executive within 30 days after the expiration of the Restricted Period, net of all applicable withholding taxes required by law to be withheld. (b) Subject to Section 2(c) below: (i) If prior to the end of the Restricted Period the Executive’s employment with the Company and all affiliates terminates due to the Executive’s death or Disability (as defined in the Company’s RSA Agreement on file with the Securities and Exchange Commission), the Company will provide the Executive (or the Executive’s estate, in the case of death) with the Deferred Cash Award. Payment shall be made within 30 days after the date of the Executive’s termination of employment, net of all applicable withholding taxes required by law to be withheld. (ii) If the Executive’s employment with the Company and all affiliates terminates prior to the expiration of the Restricted Period for any reason other than as described above in Section 2(b)(i), the Deferred Cash Award shall be forfeited to the Company for no consideration, and no portion of the Deferred Cash Award shall be paid to the Executive. (c) Notwithstanding the foregoing provisions of this Section 2, payment of the Deferred Cash Award shall only be made to the extent permitted by the CARES Act and applicable guidance, and if any applicable guidance prohibits the Company from paying all or any portion of the Deferred Cash Award, the Executive agrees that such amount will be forfeited to the Company for no consideration, and the Company shall have no obligation to the Executive to provide payment of such amount. The Executive agrees that any prohibition on payment of the Deferred Cash Award shall not affect the Company’s right to reduce or limit the Executive’s compensation to the extent necessary to comply with the CARES Act.

Deferred Cash Award. The Deferred Cash Award shall become earned by, and payable to, the Participant on the terms and subject to the conditions of the Plan and this Award Agreement, in the amounts and on the dates reflected in Exhibit A hereto.