Common use of Grant of Other Awards Clause in Contracts

Grant of Other Awards. Subject to the terms and conditions of the Plan, Other Awards may be granted to Participants in such amounts, upon such terms, and at such times as the Committee shall determine. Types of Other Awards that may be granted pursuant to this Article 11 include, without limitation, the payment of cash or Shares based on attainment of performance goals established by the Committee, the payment of Shares as a bonus or in lieu of cash based on attainment of performance goals established by the Committee, and the payment of Shares in lieu of cash under other Company incentive or bonus programs.

Appears in 4 contracts

Samples: Omnibus Incentive Plan (Remy International, Inc.), 2011 Omnibus Incentive Plan (First Federal Bancshares of Arkansas Inc), 2008 Omnibus Incentive Plan (Lender Processing Services, Inc.)

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