Promotion Grant Sample Clauses

Promotion Grant. As soon as practicable after the Effective Date, but in no event prior to the commencement of the next open window period for Duke Energy, the Executive shall be granted promotion grants (the “Promotion Grants”) with an aggregate grant date value equal to the excess of (i) the sum of (A) 200% of the Executive’s actual annual base salary earned for the portion of 2013 that precedes the Effective Date and (B) 450% of the Executive’s Annual Base Salary for the portion of 2013 beginning on the Effective Date and ending on December 31, 2013 over (ii) the long-term incentive award previously granted to the Executive in 2013 (200% of the Executive actual annual base salary at the time of the grant) (the “Promotion Grant Amount”). The Executive’s Promotion Grants shall consist of (x) a number of target performance shares (“Performance Shares”) based on Duke Energy common Stock (“Duke Common Stock”) equal to the quotient obtained by dividing (I) the product of the Promotion Grant Amount multiplied by 70% by (II) the Fair Market Value (as defined in Plan) of a share of Duke Common Stock as of the date of grant and (y) a number of restricted stock units (“Restricted Stock Units”) based on Duke Common Stock equal to the quotient obtained by dividing (III) the product of the Promotion Grant Amount multiplied by 30% by (IV) the Fair Market Value of a share of Duke Common Stock as of the date of grant. The terms and conditions of the Promotion Grants shall be substantially identical to the terms and conditions of the grants previously made to the Executive in calendar year 2013.
Sample 1
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Promotion Grant. In recognition of your promotion to SVP, you received a special grant of Performance Share Units under the Corporation’s 2011 Equity Incentive Plan (the “Equity Plan”) on February 13, 2013 for a target amount of Shares equal to the aggregate Market Price (as defined in the Equity Plan) of Four Hundred Thousand Dollars ($400,000.00) as of the date of grant. That special Performance Share Unit grant shall be in addition to your participation in any annual equity grants that are made to other senior executives under the Equity Plan during your employment with the Corporation. Notwithstanding the foregoing, the equity grant described in this Paragraph 8 shall be in lieu of the grant that was previously made to you pursuant to the special incentive Performance Share Unit program for members of the Corporation’s Key Leadership Team in June of 2012 (the “Special KLT Grant”) and you hereby acknowledge that you forfeit all rights to the Special KLT Grant.
Sample 1
Promotion Grant. In connection with Executive’s promotion to senior vice president, he shall receive an additional restricted stock grant as of April 3, 2023, with a value of $100,000. The restricted stock shall be subject to the terms specified in Paragraph 4C.
Sample 1
Promotion Grant. Upon Employee’s appointment to the office of Executive Vice President, Chief Financial Officer and Secretary, Employee shall be entitled to receive a one-time award of shares of restricted stock of the Company in an amount equal to $200,000, which award shall be made pursuant to the terms and conditions set forth in a grant agreement, the form, terms and conditions of which shall be satisfactory to the Company and its counsel. The terms of such grant agreement shall control with respect to such award notwithstanding any other provision to the contrary in the Original Agreement.
Sample 1
Promotion Grant. The Executive shall be paid a promotion cash bonus (the “Promotion Cash Grant”) as follows: (i) $275,000 shall be paid on May 31, 2015 and (ii) $275,000 shall be paid on May 31, 2016. Subject to Section 6 hereof, the Executive must be employed by the Company on the respective date each Promotion Cash Grant payment becomes payable to be eligible to receive each such Promotion Cash Grant payment. In addition, the Executive shall be granted, under the terms of the Company’s equity incentive plan and within three (3) business days after the Company becomes current in its filings with the SEC and has an effective Form S-8 available for such grant, a number of restricted shares or units of the common stock, par value $0.01, of the Company (the “Company Stock”) equal in value on the date of grant to $650,000 (the “Promotion Share Grant”). Subject to Section 6 hereof, (i) fifty percent (50%) of the Promotion Share Grant will vest in three (3) equal installments on each of the first, second and third anniversaries of the Commencement Date, subject to the Executive’s continued employment on each such date and (ii) the remaining fifty percent (50%) of the Promotion Share Grant will vest in three (3) equal installments on each of the first, second and third anniversaries of the Commencement Date, subject to (x) the Executive’s continued employment on each such date and (y) the Company Stock achieving a closing trading price of at least $10.00 per share (subject to adjustments for stock splits, corporate reorganization and similar events) for twenty (20) consecutive trading days at any time prior to December 31, 2017. The Promotion Share Grant will be subject to the terms and conditions of an award agreement to be entered into between the Executive and the Company pursuant to the Company’s equity incentive plan.
Sample 1
Promotion Grant. Within thirty (30) days following the Effective Date, the Executive shall be granted restricted shares of the common stock, par value $0.01, of ARCP (the “Parent Stock”), subject to the approval of the Board (or the Compensation Committee of the Board), under the terms of ARCP’s Equity Plan (the “Equity Plan”), as follows: (i) a number of restricted shares of Parent Stock equal in value to $1,000,000 (the “Time-Based Grant”) that, except as set forth in Section 6, will vest in four (4) equal installments on each of the first, second, third and fourth anniversaries of the Effective Date; and (ii) a number of restricted shares of Parent Stock equal in value to $1,000,000 (the “Performance-Based Grant”, and together with the Time-Based Grant, the “Promotion Grants”) that, except as set forth in Section 6, will vest based on performance metrics to be determined by the Company following consultation with the Executive.
Sample 1
Promotion Grant. You will receive an equity incentive compensation award of restricted stock units (the “Promotion RSUs”), which will be granted to you on the Grant Date. The number of Promotion RSUs will be $7,000,000 divided by the “Fair Market Value” per share as determined under the Company’s 1999 Omnibus Plan, will vest and be settled in Company common shares on the third anniversary of the Grant Date (the “Vesting Period”), subject, except as set forth herein, to your continued service through such date, and will otherwise be governed by the terms set forth in this Agreement and an award agreement under the Company’s 1999 Omnibus Plan; provided, that upon a termination of your employment by the Company without Cause or your termination of your employment for Good Reason, a pro rata portion of your Promotion RSUs will vest in number equal to the product of (i) the number of unvested Promotion RSUs on the date of termination multiplied by (ii) a fraction, the numerator of which is the number of days in the Vesting Period that you were employed by the Company and the denominator of which is the number of days in the Vesting Period.
Sample 1
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Related to Promotion Grant

  • Commercialization Plan (a) Not later than three [***] after submission of Regulatory Filings for each Product in each country of the Territory, Licensee will provide to the JCC for review its initial Commercialization Plan for each Product for each country in the Territory. Such initial Commercialization Plan will describe Licensee’s plans for activities to be conducted for such Product for such country. Each Commercialization Plan shall include the details of obligations to be performed by Licensee to achieve the specific activities that are applicable to the stage of [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Commercialization (e.g., pre-launch, launch planning, launch, or post-launch) of the applicable Product during the time period covered by such Commercialization Plan and subsequent time periods. (b) Prior to the First Commercial Sale for such Product in such country, Licensee will provide to the JCC for review an updated Commercialization Plan for such Product for such country. Such updated Commercialization Plan will include, but not be limited to, Licensee’s updated plans for activities to be conducted for such Product for such country prior to launch as well as activities to be conducted in connection with such launch. (c) Promptly after each anniversary of the First Commercial Sale of such Product during the Term, Licensee will provide to the JCC for review updated Commercialization Plans for such Product for such country. Such further updated Commercialization Plan will include, but not be limited to, Licensee’s plans for Commercialization activities for such Product and such country for the twelve (12) month period following the date of delivery of such Commercialization Plan. No Commercialization Plan may be implemented by Licensee if [***]. Each Commercialization Plan shall be consistent with and shall not contradict the terms of this Agreement [***], and in the event of any inconsistency between the Commercialization Plan and this Agreement, the terms of this Agreement shall prevail. Notwithstanding the foregoing, if a [***], Licensee shall [***] and shall promptly [***].

  • Promotional Probation a. An employee on promotional probation may be failed at any time without right of appeal or hearing, except as provided in C.3., below, and except that failing an employee on promotional probation must not be arbitrary, capricious or unreasonable. b. An employee who fails promotional probation shall receive a performance evaluation stating the reason for failure of promotional probation. c. When an employee fails his or her promotional probation, the employee shall have the right to return to his or her former class provided the employee was not in the previous class for the purpose of training for a promotion to a higher class. When an employee is returned to his or her former class under the provisions of this Section, the employee shall serve the remainder of any uncompleted probationary period in the former class. A regular employee who accepts promotion to a limited-term position, other than at the direction of the employee's agency/department head, shall not have the right to return to his or her former class. d. If the employee's former class has been deleted or abolished, the employee shall have the right to return to a class in his or her former occupational series closest to, but no higher than, the salary range of the class which the employee occupied immediately prior to promotion and shall serve the remainder of any probationary period not completed in the former class.

  • Marketing Plan The MCOP shall submit an annual marketing plan to ODM including all planned activities for promoting membership in or increasing awareness of the MCOP. The marketing plan submission shall include an attestation by the MCOP that the plan is accurate and is not intended to mislead, confuse, or defraud the eligible individuals or ODM.

  • Promotion A promotion shall mean the transfer of an employee to a higher level position of more responsibility as well as salary.

  • Joint Commercialization Committee As of the Effective Date, the Parties have established a joint commercialization committee (the “Joint Commercialization Committee” or the “JCC”), composed of up to [ * ] representatives of each Party, to monitor and discuss the Commercialization of Products at the operational level. Each JCC representative shall have knowledge and expertise in the commercialization of products similar to Products. The JCC shall in particular: (a) review and recommend the Commercialization Plans and related activities with respect to the Commercialization of Products in the Collaborator Territory, and report to the JEC on all significant Commercialization activities in the Collaborator Territory; (b) provide a forum for and facilitate communications and coordination between the Parties with respect to the Commercialization of Products in the Collaborator Territory and the Exelixis Territory; (c) on an annual basis, discuss and establish Collaborator’s Minimum Commercial Performance thresholds pursuant to Section 6.3(b) and propose recommendation to JEC; [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. (d) review the status of material Product manufacturing and supply activities and strategies associated with Commercialization; (e) review and discuss the major findings of Collaborator’s market research with respect to any Product in the Collaborator Territory, if any; (f) review and oversee the branding and product positioning strategy for Products in the Collaborator Territory and evaluate Collaborator’s brand strategy for the Product in the Collaborator Territory for consistency with the then-current global brand strategy for the Product; (g) discuss Product list price and status of reimbursement in the Collaborator Territory; and (h) perform such other functions as may be appropriate to further the purposes of this Agreement with respect to the Commercialization of Products, including endeavoring to resolve any disputes between the Parties arising from the deliberations of the JCC, or as otherwise directed by the JEC.

  • Sales Promotion Promote and use its reasonable endeavours to increase sales of the Supplier/ Principal ATOL holder's Travel Arrangements to existing and potential clients;

  • Promotion Increases (a) Promotion salary increases shall be granted in an amount equal to 9.0% of the employee’s previous year’s base salary rate in recognition of promotion to one of the ranks described below: (1). To Associate in , and Assistant University Librarian; (2). To Associate Professor, Associate Scholar/Scientist/Engineer, and Associate University Librarian; and

  • Promotion of Agreement It is agreed that Vendor will encourage all eligible entities to purchase from the TIPS Program. Encouraging entities to purchase directly from the Vendor and not through TIPS Agreement is a violation of the terms and conditions of this Agreement and will result in removal of the Vendor from the TIPS Program.

  • Research Plan The Parties recognize that the Research Plan describes the collaborative research and development activities they will undertake and that interim research goals set forth in the Research Plan are good faith guidelines. Should events occur that require modification of these goals, then by mutual agreement the Parties can modify them through an amendment, according to Paragraph 13.6.

  • Sales Promotions In addition to decreasing prices for the balance of the Contract term due to a change in market conditions, the Contractor may conduct sales promotions involving price reductions for a specified lesser period. The Contractor must submit documentation identifying the proposed: (1) starting and ending dates of the promotion, (2) commodities or contractual services involved, and (3) promotional prices compared to then-authorized prices.

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