Interim Award Clause Samples

An Interim Award clause allows an arbitral tribunal to issue a decision on certain issues or claims before the final resolution of the entire dispute. In practice, this means the tribunal can address urgent matters, such as payment of undisputed amounts or preservation of assets, while the main proceedings continue. The core function of this clause is to provide timely relief or clarity on specific points, helping to resolve pressing issues without waiting for the conclusion of the full arbitration process.
Interim Award. (I) Where the arbitral tribunal considers it necessary, or where a party so requests and the arbitral tribunal agrees, the arbitral tribunal may, before rendering the final award, render an interim award on any procedural issues or substantive issues. (II) The rendering of an interim award and whether or not an interim award is complied with does not affect the continuation of the arbitral proceedings or the rendering of a final award by the arbitral tribunal.
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Interim Award. In the event that the Adjusted Earnings Per Share for the Company’s Fiscal Year Ending February 28, _____ is $___ per share or greater, the number of the Participant’s vested Performance Share Units for his/her _____ Interim Award shall be equal to 50% of the Participant’s Target Number of Performance Share Units.
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Interim Award. PARTIES: Innoxa Pty Ltd -&- the Automotive, Food, Metals, Engineering, Printing and Kindred Industries Union, New South Wales Branch, Shop Distributive & Allied Employees' Association, NSW
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Interim Award. In the event that the Participant remains in continuous employment with the Company or its Subsidiaries until _________, the Participant shall vest in his/her right to receive a number of Performance Share Units based on the Company achieving the performance target set forth in Section B of Schedule A (such vested Performance Share Units are hereinafter referred to as “______ Interim Award”). Schedule A sets forth how the number of the Participant’s vested Performance Share Units is calculated. Any Performance Share Units that vest and are paid under this Section 2(a)(ii) shall reduce, but not below zero, the number of the Participant’s Performance Share Units that vest and are paid under Section 2(a)(i) or Section 2(b).
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Interim Award. PARTIES: Koppers Carbon Materials & Chemicals Pty Ltd -&- the Automotive, Food, Metals, Engineering, Printing and Kindred Industries Union, New South Wales Branch, Electrical Trades Union of Australia, New South Wales Branch, The Australian Workers ' Union, New South Wales, Transport Workers' Union of New South Wales
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Interim Award. The Participant’s vested ______ Interim Award under Section 2(a)(ii) shall be paid: (A) on or after ________; (B) after the date the Committee completes the written certification set forth in Section 6(d) below with respect to the _____ Interim Award, which shall occur on or before ________; and (C) by ________.
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Related to Interim Award

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "▇▇▇") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the ▇▇▇ and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • The Award All compensation awarded for any taking, whether for the whole or a portion of the Leased Premises, shall be the sole property of the Landlord whether such compensation shall be awarded for diminution in the value of, or loss of, the leasehold or for diminution in the value of, or loss of, the fee in the Leased Premises, or otherwise. The Tenant hereby assigns to Landlord all of Tenant's right and title to and interest in any and all such compensation. However, the Landlord shall not be entitled to and Tenant shall have the sole right to make its independent claim for and retain any portion of any award made by the appropriating authority directly to Tenant for loss of business, or damage to or depreciation of, and cost of removal of fixtures, personalty and improvements installed in the Leased Premises by, or at the expense of Tenant, and to any other award made by the appropriating authority directly to Tenant.

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.