Common use of Increases Prohibited Clause in Contracts

Increases Prohibited. None of the Committee or the Board may increase the amount of compensation payable under a Performance Stock or Performance Unit Award. If the time at which a Performance Stock or Performance Unit Award will vest or be paid is accelerated for any reason, the number of shares of Stock subject to, or the amount payable under, the Performance Stock or Performance Unit Award shall be reduced pursuant to Department of Treasury Regulation section 1.162-27(e)(2)(iii) to reasonably reflect the time value of money.

Appears in 6 contracts

Samples: Rex Energy Corp, Rex Energy Corp, Quanex Corp

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Increases Prohibited. None of the Committee or the Board may increase the amount of compensation payable under a Performance Stock or Performance Unit Award. If the time at which a Performance Stock Award or Performance Unit Award will vest or be paid is accelerated for any reason, the number of shares of Stock subject to, or the amount payable under, the Performance Stock or Performance Unit Award shall be reduced pursuant to Department of Treasury Regulation section 1.162-27(e)(2)(iii) to reasonably reflect the time value of money.

Appears in 3 contracts

Samples: Rosetta Stone Inc, Rosetta Stone Inc, Rosetta Stone Inc

Increases Prohibited. None of the Committee Compensation & Management Development Committee, the Board or the Board Company may increase the amount of compensation payable under a Performance Stock Award or Performance Unit Award. If the time at which a Performance Stock Award or Performance Unit Award will vest or be paid is accelerated for any reason, the number of shares of Stock Shares subject to, or the amount payable under, the Performance Stock Award or Performance Unit Award shall be reduced pursuant to Department of Treasury Regulation section § 1.162-27(e)(2)(iii) to reasonably reflect the time value of money.

Appears in 3 contracts

Samples: Newfield Exploration Co /De/, Newfield Exploration Co /De/, Newfield Exploration Co /De/

Increases Prohibited. None of the Committee or the Board may increase the amount of compensation payable under a Performance Stock or Performance Unit Award. If the time at which a Performance Stock or Performance Unit Award will vest or be paid is accelerated for any reason, the number of shares of Stock subject to, or the amount payable under, the Performance Stock or Performance Unit Award shall be reduced (if necessary) pursuant to Department of Treasury Regulation section 1.162-27(e)(2)(iii) to reasonably reflect the time value of money.

Appears in 2 contracts

Samples: Award Agreement (Supermedia Inc.), Dex Media, Inc.

Increases Prohibited. None of Neither the Committee or nor the Board may increase the amount of compensation payable under a Performance Stock or Performance Unit Award. If the time at which a Performance Stock Award or Performance Unit Award will vest or be paid is accelerated for any reason, the number of shares of Stock subject to, or the amount payable under, the Performance Stock or Performance Unit Award shall be reduced pursuant to Department of Treasury Regulation section § 1.162-27(e)(2)(iii) to reasonably reflect the time value of money.

Appears in 2 contracts

Samples: Viasat Inc, RigNet, Inc.

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Increases Prohibited. None of the Committee or the Board may increase the amount of compensation payable under a Performance Stock Shares or Performance Unit Award. If the time at which a Performance Stock Shares or Performance Unit Award will vest or be paid is accelerated for any reason, the number of shares of Stock Shares subject to, or the amount payable under, the Performance Stock Shares or Performance Unit Award shall be reduced pursuant to Department of Treasury Regulation section 1.162-27(e)(2)(iii) to reasonably reflect the time value of money.

Appears in 1 contract

Samples: Weatherford International LTD

Increases Prohibited. None of Neither the Committee or nor the Board may increase the amount of compensation payable under a Performance Stock Award or Performance Unit Award. If the time at which a Performance Stock Award or Performance Unit Award will vest or be paid is accelerated for any reason, the number of shares of Stock subject to, or the amount payable under, the Performance Stock Award or Performance Unit Award shall be reduced pursuant to Department of Treasury Regulation section § 1.162-27(e)(2)(iii) to reasonably reflect the time value of money.

Appears in 1 contract

Samples: Independence Contract (Independence Contract Drilling, Inc.)

Increases Prohibited. None of the Committee or the Board may increase the amount of compensation payable under a Performance Cash, Performance Stock or Performance Unit Award. If the time at which a Performance Cash, Performance Stock or Performance Unit Award will vest or be paid is accelerated for any reason, the number of shares of Stock subject to, or the amount payable under, the Performance Cash, Performance Stock or Performance Unit Award shall be reduced pursuant to Department of Treasury Regulation section 1.162-27(e)(2)(iii) to reasonably reflect the time value of money.

Appears in 1 contract

Samples: Grant Prideco Inc

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