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.
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.
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
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).
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
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 ________.