Discretionary Award. By acknowledging and accepting this stock option award, the Participant agrees that the granting of this stock option award is completely at the discretion of the Committee or its designee pursuant to the Plan. The stock option award is not an acquired right to the Participant, but an offer from the Company to employees who fulfill specific conditions. As a result, the Participant acknowledges that the grant of the Option does not create any expectation that future options will be granted to the Participant under that Plan, or any other plan, nor does the Participant expect that the benefits accruing under the Plan will be reflected in any severance or indemnity payments that the Company, or an Affiliate, may make to the Participant in the future.
Discretionary Award. Notwithstanding anything herein to the contrary, the Compensation Committee retains the discretion to cause the Company to pay or provide for additional or other compensation for extraordinary performance regardless of the outcome on any performance-based pay contained in this letter agreement provided such extraordinary performance relates to performance which is not based on the performance criteria or goals contained herein.
Discretionary Award. Each year that a faculty member holds an Academic Administrator position recognized as such by the Employer, pursuant to this Agreement, and has at least one (1) full year in the position, the Academic Administrator’s faculty salary may be adjusted by as much as four (4) additional steps to base pay on the faculty salary matrix. This award will be recognized in a dollar for dollar adjustment to the overall salary of the Academic Administrator for the year of award.
Discretionary Award. The award of Incentive Bonus Units under this Agreement is intended to be discretionary incentive compensation, is being provided in addition to and apart from the regular wages paid to the Executive and will not be considered part of such regular wages for purposes of computing severance or other employee benefits to which the Executive may be entitled.
Discretionary Award. Notwithstanding, and in addition to, any other provision of this paragraph D, the Committee, in the exercise of its sole discretion on the Determination Date (based on a subjective evaluation of the Employee’s individual performance and the Company’s corporate performance in achieving certain specific objectives during 2013 with such evaluation conducted after the end of the year by the Committee, for the Chief Executive Officer and other named executive officers in the Company’s proxy statement, after the Company’s Chief Executive Officer presents his evaluation to the Committee of each such executive officer, which includes a review of each officer’s contributions and performance over the past year, strengths, opportunities for improvement, development plans, and succession potential), may grant the Employee between 0% and 50% of the Employee’s Cash Performance Award Opportunity and between 0% and 50% of the Employee’s Phantom Shares Award Opportunity.
Discretionary Award. The Board may, in its discretion, authorize an Award to a Participant. The Board may make any such Award without the requirement of any cash payment from the Participant to whom such Award is made, or may require a cash payment from such a Participant in an amount no greater than the aggregate Fair Market Value of the Restricted Stock as of the date of grant in exchange for, or as a condition precedent to, the completion of such Award and the issuance of such shares of Restricted Stock.
Discretionary Award. By acknowledging and accepting this stock option award, you agree that the granting of this stock option award is completely at the discretion of the Committee or its designee pursuant to the Plan. The stock option award is not an acquired right to you, but an offer from the Company to employees who fulfill specific conditions. As a result, you do not expect that future options will be granted to you under that Plan, or any other plan, nor do you expect that the benefits accruing under the Plan will be reflected in any severance or indemnity payments that the Company, or an Affiliate, may make to you in the future.
Discretionary Award. Notwithstanding, and in addition to, any other provision of this paragraph D, the Committee, in the exercise of its sole discretion on the Determination Date (depending on a subjective individual and corporate performance evaluation based on the Grantee’s key responsibilities, specific improvement objectives and leadership competencies and achievement of Company goals, with such conducted after the end of the year by (a) the Committee, if the Grantee is the Company’s Chief Executive Officer or (b) the Company’s Chief Executive Officer, if the Grantee is not the Company’s Chief Executive Officer), may vest the Employee in between 0% and 25% of the Employee’s Cash Performance Award Opportunity and between 0% and 25% of the Employee’s Phantom Shares Award Opportunity. The determined Cash Performance Award Opportunity for the Employee will be realized and vest on the applicable Vesting Date. The determined Performance Shares Award Opportunity will vest as provided Section 3(b) of the Award Agreement, using the Determination Date as the initial Vesting Date.
Discretionary Award. This award of RSUs is granted under and governed by the terms and conditions of the Plan. The Participant acknowledges and agrees that the Plan is discretionary in nature and may be amended, canceled, or terminated by the Administrator, in its sole discretion, at any time. The grant of the RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive an award of Class A Ordinary Shares or benefits in lieu of Class A Ordinary Shares in the future. Future awards of RSUs, if any, will be at the sole discretion of the Administrator, including, but not limited to, the timing of the award, the number of underlying Class A Ordinary Shares and vesting provisions. The Plan has been introduced voluntarily by the Company and in accordance with the provisions of the Plan may be terminated by the Administrator at any time. By execution of this Agreement, the Participant consents to the provisions of the Plan and this Agreement.
Discretionary Award. Awards under the Plan are granted to directors of the Company in the Committee’s sole discretion. The Award described in this Grant Agreement is a one-time benefit and does not create any contractual or other right to receive other Awards under the Plan or other benefits in lieu thereof. Future grants, if any, will be at the sole discretion of the Committee. The Grantee’s participation in the Plan is voluntary.
