New Award Sample Clauses

New Award. Effective as of the Effective Date, Executive has received an award under the Stock Incentive Plan of 20,000 shares of performance-based restricted stock in connection with the execution of this Agreement (the “new PBRS award”) that shall be subject to the vesting terms described in (i) and (ii) below. (i) Subject to satisfaction by Executive of the service condition specified in Section 3(c)(ii) below, the new PBRS award will vest on the April date in calendar 2010 when the Committee certifies as to MIP performance results for FYE 2010 (the “determination date”) but only if the Committee certifies that MIP performance for FYE 2010 has been achieved at a level providing for MIP payout of at least 67% of the target payout amount; provided that, if for FYE 2010 the Committee certifies that MIP performance has been achieved at a level authorizing some MIP payout but less than 67% of the target payout amount, the number of shares of the new PBRS award vesting shall be prorated on a straight line basis (with zero shares vesting if no MIP payout is authorized); (ii) Except as hereinafter provided or as provided in the award agreement, the new PBRS award shall not vest unless Executive remains employed through January 30, 2010. Notwithstanding the foregoing, if Executive’s employment by the Company is terminated by the Company other than for Cause prior to January 30, 2010, subject to Section 8 below, the new PBRS award shall remain outstanding following such termination and shall vest, if at all, in accordance with Section 3(c)(i) above, provided that, to the extent any portion of the new PBRS award does not so vest, such portion shall be forfeited as of the determination date.
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New Award. Executive shall be granted an award of RSUs under the 2011 Plan as soon as practicable (and no later than 30 days) following the date hereof (the “New Award”). The New Award shall have a grant date value equal to $1,500,000, based on the closing price of a share of the Company’s common stock on the Effective Date. The New Award shall be eligible to vest as follows: (A) one-third of the New Award (the “First Tranche”) shall vest 100% on the first anniversary of the Effective Date; (B) one-third of the New Award (the “Second Tranche”) shall vest if and when there is a 25% increase in the per share price of the Company’s common stock (measured based on the 20-trading day volume weighted average price (“VWAP”) per share as displayed under the heading “Bloomberg VWAP” on the Company’s Bloomberg page) from the closing price of the Company’s common stock on the Effective Date, provided, except as otherwise set forth herein, that the Second Tranche shall be forfeited if such increase is not achieved on or prior to the third anniversary of the Effective Date; and (C) one-third of the New Award (the “Third Tranche”) shall vest if and when there is a 50% increase in the per share price of the Company’s common stock (measured based on the 20-trading day VWAP per share as displayed under the heading “Bloomberg VWAP” on the Company’s Bloomberg page) from the closing price of the Company’s common stock on the Effective Date, provided, except as otherwise set forth herein, that the Third Tranche shall be forfeited if such increase is not achieved on or prior to the third anniversary of the Effective Date. Notwithstanding the foregoing, upon a Sale of the Company, the New Award shall become 100% vested. Except as provided below in Section 5, the vesting of the New Award (or any portion thereof) is in all cases subject to Executive’s continued employment with the Company until the applicable vesting date. Executive shall be permitted, at Executive’s discretion, to pay all withholdings and other taxes with respect to the New Award (and the 2020 Grant) through a “net” issuance whereby the Company shall withhold shares that otherwise would be issued to Executive to pay such withholdings and other taxes. The New Award shall be subject to the terms and conditions of the 2011 Plan and the underlying award agreement, which award agreement shall be consistent with the terms set forth herein. Executive and the Company hereby acknowledge and agree that no new equity awards shall be g...
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New Award. On the Effective Date, Executive shall be granted, under and subject to the provisions of the Company’s 2017 Stock and Annual Incentive Plan (the “2017 Plan”), an award of Company Restricted Stock Units (the “RSU Award”) with a grant date value of $15.0 million, The actual vesting and other terms and conditions of the RSU Award will be governed by the award notices and related terms and conditions attached as Exhibit B and the 2017 Plan. Executive shall remain eligible for future equity grants during the Term of his employment with the Company.
Sample 1
New Award. This award number NA16NOS0120022, to the University of California, San Diego, supports the work described in the Recipient's proposal entitled "Integrated Ocean Observing System Implementation: Southern California Coastal Ocean Observing System (SCCOOS)" dated 08/28/2015, which is incorporated into the award by reference. Where the terms of the award and proposal differ, the terms of the award shall prevail.
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New Award. Consultant shall be granted an award of Restricted Stock under the 2020 EIP on April 15, 2021 (the “New Award”). The New Award shall have a grant date fair value equal to $300,000, based on the ten-day value weighted average closing price on April 15, 2021. The New Award shall be eligible to vest as follows: (i) $150,000 of the New Award (the “First Tranche”) shall vest 100% immediately; (ii) $75,000 of the New Award (the “Second Tranche”) shall vest at the end of the first year of the Term; and (iii) $75,000 of the New Award (the “Third Tranche”) shall vest at the end of the second year of the Term. Except as provided below in Section 14, the vesting of the New Award (or any portion thereof) is in all cases subject to Consultant’s continued service with the Company until the applicable vesting date. The New Award shall be subject to the terms and conditions of the 2020 EIP and the underlying award agreement, which award agreement shall be consistent with the terms set forth herein. Consultant and the Company hereby acknowledge and agree that no new equity awards shall be granted to Consultant during the Term, other than the New Award.
Sample 1

Related to New Award

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") 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 XXX 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. 

  • RSU Award An RSU Award shall be similar in nature to a Restricted Stock Award except that no shares of Stock are actually transferred to the Holder until a later date specified in the applicable Award Agreement. Each RSU shall have a value equal to the Fair Market Value of a share of Stock.

  • Restricted Stock Unit Award The Grantee is hereby granted NUMBER OF SHARES restricted stock units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of the Company's Common Stock, $.001 par value (the "Stock"), subject to the terms and conditions of this Agreement and the Plan.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Award Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.

  • 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.

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