Equity Plan Benefits Sample Clauses

Equity Plan Benefits. The terms and conditions relating to the treatment of your options, restricted stock units or other equity awards in respect of the common stock of Restaurant Brands International Inc. (“RBI”), if any, following the termination of your employment are as described in the applicable RBI equity incentive plan(s), and the award agreements issued to you pursuant to such plan(s) (the “Award Agreements”), except that, as of the Separation Date and subject to execution and delivery of this Agreement by both parties and this Agreement becoming fully effective and irrevocable, the percentage of vested PSUs shall be equal to the percentages set out in the column of Schedule 1 to this Agreement, attached and made a part hereof, titled “Vested %” under the heading “Pro-Rata Vesting upon Acceleration, assuming termination without cause on the Separation Date”. All other information set forth in Schedule 1 is for informational purposes only, and in the event of a conflict between the information set forth in Schedule 1 and any of the Award Agreements, the applicable Award Agreement shall control. For the avoidance of doubt, the unvested portions of each equity award are automatically forfeited as of the Separation Date. Additionally, the exercise of options or sale of any common stock of RBI may be subject to pre-clearance from the Legal Department for a period of time following the Separation Date in accordance with RBI’s Xxxxxxx Xxxxxxx Policy.
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Equity Plan Benefits. You shall have the rights described in Section 3.04 of the Merger Agreement (as such term is defined in the Employment Agreement) with respect to your outstanding equity awards. Except as specifically set out herein, all other benefits shall cease as of the Separation Date.
Sample 1
Equity Plan Benefits. The terms and conditions relating to the treatment of your Equity Choice Plan (“ECP”) awards, long-term incentive plan (“LTIP”) awards, or other equity awards in respect of the common stock of the Company (collectively, “Awards”), if any, shall be governed by the provisions of the applicable equity award plans and award agreements under the Company’s 2015 Stock Award and Incentive Plan (“SAIP”), as such equity plan, award agreements and SAIP may have been amended from time to time (collectively, “Award Documents”). In accordance with the respective Award Agreements, based on your termination as of the Separation Date:
Sample 1
Equity Plan Benefits. (i) In accordance with the terms and conditions of the Company’s 2021 Stock Award and Incentive Plan (the “2021 SAIP”), with respect to any of your purchased restricted stock, restricted stock units, stock-settled appreciation rights, options or other equity awards in respect of the common stock of the Company, as listed in the schedule set forth in Exhibit A (collectively, “Equity Awards”) remaining outstanding as of your Separation Date: (A) A pro-rata portion of any Equity Award carrying a right to exercise that was not previously exercisable and vested shall remain outstanding and become vested on the applicable vesting date as though your employment with the Company had not been terminated, as set forth in the applicable award agreement; provided, however, any Equity Award subject to Code Section 409A shall become exercisable and vested in a manner compliant with Code Section 409A. (B) A pro-rata portion of any outstanding and unvested Equity Award shall remain outstanding and become vested on the vesting date or dates as though your employment with the Company had not been terminated, as set forth in the applicable award agreement. (C) The pro-rata portion of the Equity Award shall be determined by multiplying the number of unvested Equity Awards by a fraction, (x) the numerator of which is the number of days from the applicable grant date to the Separation Date and (y) the denominator of which is the number of days from the applicable grant date to the applicable vesting date. (ii) With respect to your restricted stock units, deferred stock units, stock-settled appreciation rights and performance-based restricted stock units granted on March 1, 2022 (collectively, the “Sign-on Award”), the unvested portion of the Sign-on Award as of your Separation Date shall remain outstanding and subject to continued vesting as though your employment with the Company had not been terminated. The performance-based restricted stock unit portion of the Sign on Award shall vest subject to actual performance. The portion of the Sign-on Award carrying a right to settlement will be settled within thirty (30) days following the applicable vesting date, but in any but in any event no later than March 15th of the year following the year in which vesting occurs. The tranche of the stock-settled appreciation rights portion of the Sign-on Award (the “SSARs”) that has vested as of the Separation Date will remain outstanding and exercisable until one year following the Separatio...
Sample 1
Equity Plan Benefits. The terms and conditions relating to the treatment of your common stock of Holdings, if any, and any options or other equity awards in respect of the common stock of Holdings (the “Equity Awards”), following the termination of your employment with the Company are as described in the Holdings Equity Incentive Plan or the Holdings 2006 Omnibus Incentive Plan, as applicable (the “Equity Plan(s)”), and the award agreements issued to you pursuant to such Equity Plan(s) (the “Award Agreements”), as such Equity Plan(s) and/or Award Agreements may have been amended from time to time. You will be provided with instructions concerning the exercise or settlement of any vested Equity Awards held by you as of the Separation Date at a future date. Except as specifically set out herein, all other benefits shall cease as of the Separation Date.
Sample 1
Equity Plan Benefits. The terms and conditions relating to the treatment of your options, restricted stock units or other equity awards in respect of the common stock of RBI, if any, following the termination of your employment are as described in the applicable RBI equity incentive plan(s), and the award agreements issued to you pursuant to such plan(s) (the “Award Agreements”). A summary of the Award Agreements and applicable vesting is set forth on Schedule 1. All in information set forth in Schedule 1 is for informational purposes only, and in the event of a conflict between the information set forth in Schedule 1 and any of the Award Agreements, the applicable Award Agreement shall control. For the avoidance of doubt, the unvested portions of each equity award are automatically forfeited as of the Separation Date. Additionally, the exercise of options or sale of any common stock of RBI may be subject to pre-clearance from the Legal Department for a period of time following the Separation Date in accordance with RBI’s Xxxxxxx Xxxxxxx Policy.
Sample 1
Equity Plan Benefits. (i) You acknowledge and agree that all options awarded to you in respect of the common stock of Burger King Worldwide Holdings, Inc. are hereby forfeited. (ii) As soon as practicable following the Separation Date, you will receive the balance of the funds currently being held in trust with respect to the cancellation of your August 26, 2010 equity grant relating to the common stock of Burger King Holdings, Inc. In accordance with the Merger Agreement (as defined in the Employment Agreement), this amount represents sixty percent (60%) of the cash value of this equity grant, less any amounts that have already been distributed to you.
Sample 1
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Related to Equity Plan Benefits

  • Plan Benefits Each year, prior to the annual enrollment period, EMPLOYEES will receive Enrollment information that will outline the benefits offered next calendar year. Information relative to specific health insurance benefits and limitations will be updated regularly and contained in the SPD. In the event there is a conflict between the provisions of the collective bargaining agreement and the SPD, the District's SPD shall control.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Membership Benefits (1) Seat on the Buy California Board (2) Licensed use of the CA Grown logo by all commodity entities (3) Commodity products featured in BCMA campaigns

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

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