During Fiscal Year of Grant Sample Clauses

During Fiscal Year of Grant. If a Participant dies before the end of the fiscal year in which the grant was made, the Committee, in its discretion, may waive all or a portion of the performance conditions described in Section 2(b) hereof and determine that Participant has earned all or a lesser portion of the Grant Amount as if the Forecasted Adjusted EBITDA (or some lesser amount) had been achieved. In addition, all of the vesting conditions described in Section 3 hereof shall be waived and the Performance Units shall be fully vested as of the date of Participant’s death. Settlement of the Vested Amount determined in accordance with this Section 6(a) shall occur as soon as practicable following Participant’s death, but in no event later than March 15th following the end of year in which Participant died.
Sample 1
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During Fiscal Year of Grant. If a Participant’s service is terminated due to Disability before the end of the fiscal year in which the grant was made, the Committee, in its discretion, may waive all or a portion of the performance conditions described in Section 2(b) hereof and determine that Participant has earned all or a lesser portion of the Grant Amount as if the Forecasted Adjusted EBITDA (or some lesser amount) had been achieved. In addition, the Committee may, in its discretion, waive all or a portion of the vesting conditions described in Section 3 hereof. Settlement of the Vested Amount determined in accordance with this Section 6(a) shall occur as soon as practicable following Participant’s Disability, but in no event later than March 15th following the end of year in which Participant become Disabled.
Sample 1
During Fiscal Year of Grant. If a Participant Retires or the Participant’s service is terminated by the Company without Cause before the end of the fiscal year in which the grant was made, the Committee may, in its discretion, determine to permit Participant to receive a pro rata portion of the Adjusted Grant Amount that is earned based on the Company’s actual performance at the end of the current fiscal year. The Committee will determine Participant’s pro rata share of the Adjusted Grant Amount, in its discretion, using any allocation method or formula it deems appropriate. In addition, the Committee may, in its discretion, waive all or a portion of the vesting conditions described in Section 3 hereof. If the Committee waives the vesting conditions described in Section 3 hereof, settlement of the Vested Amount determined in accordance with this Section 6(c) shall occur as soon as practicable following Participant’s Retirement or termination of service, but in no event later than March 15th following the end of year in which Participant Retires or Participant’s service was otherwise terminated.
Sample 1

Related to During Fiscal Year of Grant

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) each of its fiscal years to end on December 31 of each year and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31, respectively, of each year.

  • Date of Grant; Term of Option This Option is granted as of , 2005 (the “Date of Grant”), and it may not be exercised than later than the date that is ten (10) years after date of grant, subject to earlier termination, as provided in the Plan.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • End of Fiscal Years The Parent and the Borrower will maintain their fiscal year ends as in effect on the Effective Date.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Quarterly Bonus The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.

  • Vesting Period The vesting period of the Restricted Stock (the “Vesting Period”) begins on the Grant Date and continues until such date as is set forth on Schedule A as the date on which the Restricted Stock is fully vested. On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement. To the extent that Schedule A provides for amounts or schedules of vesting that conflict with the provisions of this paragraph, the provisions of Schedule A will govern. Except as permitted under Section 10, the shares of Restricted Stock for which the applicable Vesting Period has not expired may not be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntary or involuntary or by judgment, levy, attachment, garnishment or other legal or equitable proceeding). The Employee shall not have the right to receive cash dividends paid on shares of Restricted Stock for which the applicable Vesting Period has not expired. In lieu thereof, the Employee shall have the right to receive from the Company an amount, in cash, equal to the cash dividends payable on shares of Restricted Stock for which the applicable Vesting Period has not expired, provided the Employee is employed by the Company on the payroll date coinciding with or immediately following the date any such cash dividends are paid on the Restricted Shares. The Employee shall have the right to vote the Restricted Stock, regardless of whether the applicable Vesting Period has expired.

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