Retention Awards. (i) As soon as practicable following the date hereof, Employee will be awarded 160,424 restricted stock units (the “Initial Retention RSU Grant”) which will be subject to the terms and conditions hereof and of the Company’s Restated 1996 Flexible Stock Incentive Plan and related form of restricted stock unit agreement, provided that to the extent that such Plan and/or agreement are inconsistent with this Agreement, this Agreement shall control unless the inconsistent provisions are more favorable to Employee in which case the provisions more favorable to Employee shall control. Except as provided under the accelerated vesting provisions applicable to Equity Awards set forth herein, the Initial Retention RSU Grant shall become fully vested on July 10, 2008, subject to Employee’s continued full-time employment by the Company on that date. Payment with respect to the Initial Retention RSU Grant shall be made in full no later than ten (10) business days after the date on which such Grant first becomes vested pursuant to the preceding sentence or pursuant to any applicable accelerated vesting provision under Section 4(c), Section 6 or Section 7(b).
Retention Awards. If the successor fails to assume responsibility for the retention awards, upon a Qualifying Termination any outstanding retention awards granted to Employee which are outstanding will become immediately vested and settled pursuant to their terms, subject to the requirements of section 409A of the Code, to the extent applicable.
Retention Awards. The parties acknowledge and agree that, in connection with the transactions contemplated by the Prior Agreement, the Executive was granted a cash retention award, effective October 23, 1998, in the amount of $2.2 million (the "Cash Retention Award") and was granted non-qualified stock options, effective October 23, 1998 and January 13, 1999, to acquire a total of 241,055 KeyCorp Common Shares (the "Retention Options"). The parties agree that the terms of the Cash Retention Award and the Retention Options shall not be affected or modified hereby, except as follows or as otherwise expressly set forth herein:
Retention Awards. At the Effective Time, BX shall, or shall cause one or more members of the Blackstone Group to, cause PJT HoldCo, in consultation with the Founder, to issue to PJT Personnel retention awards in the form of PJT Class A Shares, PJT LP Units, and cash-based awards (collectively, the “Retention Awards”) on such terms as set forth on Schedule B-1 hereto, with the form of equity and amount of such award for each recipient as specified on Schedule B-2.
Retention Awards. In respect of certain Business Employees identified in Section 5.14(m) of the Seller Disclosure Letter (each, a “Designated Retention Employee”), (i) Seller or one of its Affiliates shall, as soon as practicable after the date of this Agreement, grant each such Designated Retention Employee a cash retention award in the applicable amount set forth in Section 5.14(m) of the Seller Disclosure Letter (each, a “Closing Retention Award”), and (ii) Buyer or one of its Affiliates shall, upon the Closing or as soon as practicable thereafter, grant each Designated Retention Employee one or more retention awards with an aggregate grant date value equal to the applicable amount set forth in Section 5.14(m) of the Seller Disclosure Letter (each, a “Post-Closing Retention Award”). The Post-Closing Retention Awards may be in the form of cash, equity awards with respect to Buyer Stock or a combination thereof, as determined by Buyer in its sole discretion; provided that, for purposes of this Section 5.14(m), the value of any equity awards shall be determined based on the closing price of Buyer Stock on the Closing Date. Vesting of the Closing Retention Awards shall be subject to the applicable Designated Retention Employee’s continued employment with Seller and its Affiliates through the Closing and vesting of the Post-Closing Retention Awards shall be in accordance with the applicable schedule set forth in Section 5.14(m) of the Seller Disclosure Letter, with payment or settlement of any earned awards occurring as soon as practicable following, but in no event more than fifteen (15) Business Days following, the applicable vesting date.
Retention Awards. Unless the provisions of Section 3 apply (regarding the successor’s failure to assume the retention awards), upon a Qualifying Termination any outstanding retention awards granted to Executive which are outstanding will become immediately vested and settled pursuant to their terms, subject to the requirements of section 409A of the Code, to the extent applicable.
Retention Awards. With respect to any payment due or owing under the terms of the various retention bonus program agreements set forth in Schedule 5.5(j)(3) to be made in the form of cash or CIGNA restricted stock units on or after the Closing Date (the “Retention Awards”), the provisions of this Section 5.5(j) with respect to the replacement of such awards shall not apply, and Seller shall be responsible for, and liable for, all such payments under the Retention Awards. Schedule 5.5(j)(3) shall not include retention bonuses described in Section 5.5(f) or retention bonuses provided for under the Transition Services Agreement.
Retention Awards. OSG and INSW have agreed to share the obligations for cash-based retention awards to which an OSG Group Employee or OIN Group Employee may become entitled based on such employee’s relative service to OSG or INSW prior to the settlement date of each such award (as provided in applicable award agreements) as set forth in Schedule 4.05.
Retention Awards. You will be eligible for a restricted cash retention bonus of $300,000 (USD) subject to the terms of this letter and the attached Restricted Cash Retention Award Agreement and its Exhibits. The retention bonus will be paid to you on the next reasonable payroll date following the Vesting Date indicated below (the “Vesting Date”) provided you remain an employee of the Company on the Vesting Date. Any payout will be in Euros using the effective exchange rate at time of payment. Restricted Cash Award Amount: $300,000 USD Grant Date: September 10, 2020 Vesting Date (Restricted Period): Vesting Date:
Retention Awards. Exscientia is authorized to grant retention equity awards under the Exscientia Retention Plan to certain of its executive officers with respect to 50,000 Exscientia Shares, of which 25,000 will be granted to Xxx Xxxxxx and 25,000 will be granted to Xxxx Xxxx Xxxxxxxxxx. The equity awards granted to executive officers under the Exscientia Retention Plan are subject to the same terms and conditions as applicable to other Exscientia employees and service providers as described in the section entitled “The Transaction Agreement — Exscientia Retention Plan” of this joint proxy statement, provided that Xxx Xxxxxx’x award will be in accordance with the terms of Exscientia’s director remuneration policy as described in “Item 6. Directors, Senior Management and Employees” of Exscientia’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023. Exscientia is authorized to grant cash retention awards to certain of its executive officers in an aggregate amount of $550,000. Xxxxx Xxxxxxx and Xxx Xxxxxx will participate in awards (in the amount of $300,000 and $250,000, respectively). The cash retention awards granted to executive officers under the Exscientia Retention Plan are subject to the same terms and conditions as applicable to other Exscientia employees as described in this section entitled “The Transaction Agreement — Exscientia Retention Plan” of this joint proxy statment, provided that Xxxxx Xxxxxxx and Xxx Xxxxxx’x awards will be in accordance with the terms of Exscientia’s director remuneration policy as described in “Item 6. Directors, Senior Management and Employees” of Exscientia’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023.
