Common use of Settlement of Awards; Other Terms Clause in Contracts

Settlement of Awards; Other Terms. Settlement of such Performance Awards shall be in cash, Shares, other Awards, or other property, in the discretion of the Committee. The Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance Awards. The Committee shall specify the circumstances in which such Performance Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a performance period or settlement of Awards.

Appears in 2 contracts

Samples: Equity Incentive Plan (RLJ Lodging Trust), Equity Incentive Plan (RLJ Lodging Trust)

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Settlement of Awards; Other Terms. Settlement of such Performance Performance-Based Awards shall be in cash, Sharesshares of Stock, other Awards, Awards or other property, as determined in the sole discretion of the Committee. The Committee may, in its sole discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance Awards. The Committee shall specify the circumstances in which such Performance Performance-Based Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a performance period Performance Period or settlement of such Awards.

Appears in 2 contracts

Samples: 2012 Long Term Incentive Plan (Dell Inc), 2009 Stock Incentive Plan (China Armco Metals, Inc.)

Settlement of Awards; Other Terms. Settlement of such Performance Awards shall be in cash, SharesStock, other Awards, Awards or other property, in the discretion of the Committee. The Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance Awards. The Committee shall specify the circumstances in which such Performance or Annual Incentive Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a performance period or settlement of Awards.

Appears in 1 contract

Samples: Merger Agreement (Enterprise Acquisition Corp.)

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Settlement of Awards; Other Terms. Settlement of such Performance Awards shall be in cash, Shares, other Awards, Awards or other property, in the discretion of the CommitteeBoard. The Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance Awards. The Committee Board shall specify the circumstances in which such Performance Awards Shares or Performance Units shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a performance period or settlement of Awards.

Appears in 1 contract

Samples: 2008 Omnibus Incentive Plan (Colonial Properties Trust)

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