Second Award Sample Clauses

Second Award. Vacations will be awarded and published by March 12.
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Second Award. Stock Options to purchase 300,000 Shares (the “$10 Performance Options”) will vest in equal, annual installments on each of the first three anniversaries of the Date of Grant, or, if later, on the close of the twentieth consecutive trading day on the New York Stock Exchange on which the closing price of Common Stock is at least $10.00 over $●4 (the “Reference Price”).
Sample 1
Second Award. The second award (the “Second Award”) will be performance-vesting RSUs that cover 250,000 shares of our Common Stock and will be subject to the Company’s standard form of award agreement under the 2006 Plan. The date of grant will be the closing date of the proposed exchange offer, or, if no such offer closes in 2012, the date of grant will be no later than December 31, 2012. The Second Award will vest, subject to your continued service on each vesting date, as follows:
Sample 1
Second Award. If the Company's ROE for the applicable Bonus Year is 6% or higher, you shall be paid x xash bonus following the end of such Bonus Year as provided in Section III of 37.5% of your annual rate of base salary as in effect at the beginning of the Bonus Year, subject to a reduction in such bonus percentage, in the Committee's sole discretion, based on the level of achievement in the Bonus Year of one or more performance goals to be established by the Compensation Committee prior to the beginning of such Bonus Year; provided, however, the Committee may not reduce the bonus percentage otherwise payable to a lower percentage of your base salary than that indicated by the Minimum Bonus Percentage below for the level achieved. Such goals, when established for such a Bonus Year (which may be after the date of this Agreement), shall be attached to this Agreement as Attachment A and shall be made a part hereof. Level of Minimum Achievement Bonus Percentage ----------- ---------------- Maximum (1.5 x Target) 37.5% Target 25.0% Threshold (0.5 x Target) 12.5% Below Threshold 0% For results between Maximum and Target and between Target and Threshold, the percentage shall be determined by linear interpolation between the two applicable percentages.
Sample 1
Second Award. The higher of (x) the quotient obtained by dividing $300,000,000 by the number of Diluted LT Common Shares and (y) two times the First Tranche Exercise Price. The LT Options will be governed by the LT Stock Plan and a related agreement and shall each vest in full on the fifth anniversary of the Effective Date. In the event of any conflict or ambiguity between this Agreement and the LT Stock Plan or agreement, this Agreement shall control.
Sample 1
Second Award. The Company shall grant Executive upon the execution of this Agreement, a second award of incentive and nonqualified Options under the EIP (it being understood that the Company will grant to Executive the maximum number of incentive stock options permitted under Section 422A of the Internal Revenue Code and the EIP) that is equal to a number of shares of Common Stock, which together with the Prior Grants and the First Award, equates to the following: I. Seven Million Eight Hundred and Ten Thousand Seven Hundred and Forty Eight (7,810,748) shares of Common Stock, which represents six percent (6%) of the Company’s total outstanding shares of Common Stock, reduced by II. The ultimate number of shares of Common Stock award under the First Award (the “Second Award”). The exercise price of the Options with respect to the Second Award shall be valued at one hundred percent (100%) of the Fair Market Value (as defined in the EIP) on the date granted by the Board. The Executive shall make arrangements satisfactory to the Company to pay to the Company the exercise price together with any applicable federal, state or local income and/or employment taxes due by Executive and required to be withheld with respect to the delivery of Common Stock underlying the Options. The number of Options and the vesting schedule with respect to the Second Award are set forth below: Thirty-Three and Three Tenths of One Percent (33.3%) of shares subject to the Second Award, rounded down to the nearest whole share Vest and become exercisable on the Effective Date of this Agreement. Thirty-Three and Three Tenths of One Percent (33.3%) of shares subject to the Second Award, rounded down to the nearest whole share Vest and become exercisable on the first anniversary of the Effective Date of this Agreement. Thirty-Three and Four Tenths of One Percent (33.4%) of shares subject to the Second Award, rounded up, if necessary to the nearest whole share Vest and become exercisable on the second anniversary of the Effective Date of this Agreement. Notwithstanding the foregoing, in the event of the occurrence of a Change in Control (as defined in the EIP), any remaining unvested Options under this paragraph (b) shall become fully vested as of the date of the consummation of a Change in Control; provided, however, notwithstanding the foregoing, for purposes of the Second Award, none of the following shall ever be considered a Change in Control: (A) the closing of a sale of the securities of the Compan...
Sample 1

Related to Second 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.

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

  • 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 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. 

  • 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 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.

  • 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.

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

  • Restricted Stock Award Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant Shares (the “Restricted Shares”), which shall vest and become nonforfeitable in accordance with Section 3 hereof.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

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