Special Award. In consideration for Executive’s performing services for the transition in the internalization process, the Company shall pay to Executive an amount equal to $450,000 on or before December 31, 2020.
Special Award. Notwithstanding anything to the contrary in clause 12.7.11, the Trustees may, in their sole discretion, make a special award (Special Award) to any Silicosis Claimant: who is certified as having Silicosis Class 3; who was employed to undertake Risk Work for a cumulative period of at least 10 (ten) years at one or more Qualifying Mines during Qualifying Periods; who is diagnosed by an Accredited Practitioner as having at least one of the following disease processes:
6.1.3.1 progressive massive fibrosis and be aged less than 50 (fifty) years;
6.1.3.2 lung cancer;
6.1.3.3 cor pulmonale; or
6.1.3.4 progressive systemic sclerosis involving the lungs or oesophagus; The number of Silicosis Claimants granted Special Awards shall not, over the duration of the Trust, exceed 1% (one percent) of the total number of Silicosis Claimants Certified as having Silicosis Class 3. Notwithstanding the provisions of clauses 12.7.11 and 12.12.1.1, the Trustees may in their sole discretion provide a Special Award to a Silicosis Claimant who has already obtained a Benefit as contemplated in clause 5.2.1.3 (the Retroactive Special Award), provided that the total amount paid to any Silicosis Claimant (adjusted by CPI, calculated from the date of payment thereof), inclusive of the Retroactive Special Award, shall not entitle any Silicosis Claimant to receive Benefits exceeding R500 000 (five hundred thousand Rand). The decision of the Trustees to provide a Special Award or a Retroactive Special Award must be supported by a minimum of 75% (seventy five percent) of the Trustees and the total payment made to any single Silicosis Claimant may not exceed in total, in respect of all Benefits that may be payable by the Trust, R500 000 (five hundred thousand Rand).
Special Award. In consideration of Executive entering into this Agreement and subject to approval by the Board or any committee thereof, the Company shall grant Executive the equity awards described in Schedule 1.
Special Award. In consideration of Executive entering into this Agreement and subject to approval by the Board or the Board’s Compensation Committee, the Company shall grant Executive 40,000 shares of Restricted Stock pursuant to the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan, the grant date of which shall be the date the grant is approved by the Board or any committee thereof (the “Special Award”). Vesting shall commence on October 1, 2020 as follows: • The restrictions on half of the Special Award shall lapse equally over four years, with twenty-five percent of the Restricted Stock vesting each year on the anniversary of the vesting commencement date. • The restrictions on the other half of the Special Award will be performance-based shares dependent on Company attaining certain financial targets over a four-year period of time, which financial targets shall be set by the Board or a committee thereof. The targets will be explained in a written equity grant agreement that shall be separately furnished to the Executive. Review and approval of Executive’s new hire equity will be reviewed by the Board or the Compensation Committee thereof at its next meeting. All other terms and conditions of such award shall be governed by the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan and the applicable award agreements.
Special Award. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant an Award (the "Special Award") of $2,457,000.00, payable subject to the Participant's continued employment with the Company.
Special Award. As consideration under this Agreement, JPMC shall provide Xxxxxxx with a special award equal to $13,759,200 (“Special Award”). The Special Award shall be wholly non-forfeitable (and thus, e.g., not subject to clawback or recoupment) except to the extent set forth in Section 3 below. A portion of Xxxxxxx’ Special Award equal to $2 million (“$2 Million Cash Award”), net of applicable withholding taxes, shall be paid to Xxxxxxx in a lump sum no later than the Effective Date specified in Section 16(c). The remaining amount of the Special Award ($11,759,200) (“Award Remainder”), net of (x) applicable withholding taxes and (y) an amount equal to the amount by which 40% of the Award Remainder exceeds the applicable withholding taxes (such excess to be paid directly to Xxxxxxx), shall be (i) paid not later than ten days after the Effective Date into an escrow account (“Cash Escrow Account”) subject to the Escrow Agreement (as defined in Section 2(h) below), and (ii) distributed, subject to the terms of the Escrow Agreement and this Agreement, to Xxxxxxx not later than ten days after February 1, 2012. Xxxxxxx acknowledges that the Special Award is subject to taxation under United States and United Kingdom tax laws as income with respect to calendar year 2010.
Special Award. The Company will propose to SiriusPoint Ltd. that the Employee shall be as an additional, non-recurring incentive, within 90 days following your Start Date, be granted a discretionary one-time award of RSUs, having a grant date fair market value equal to USD 100’000 (the “Sign-On Award”). The number of RSUs issued will be based on the reported closing price of the Sirius Point’s shares on the date of grant. The Sign-On Award will vest in five equal instalments on each anniversary of the grant date, subject to, inter alia, the Employee not being under notice or termination on each such vesting date. The terms and conditions of the Sign-On Award will be evidenced by an award agreement to be entered into between the SiriusPoint Ltd. and the Employee at the time that the Sign-On Award is granted, and will be subject to the terms and provisions of SiriusPoint Ltd.’s equity incentive plan in effect from time to time. The Employee expressly acknowledges that only the grant agreement will be binding and that he does not have any claim against the Company in regard to such special award.
Special Award. Effective as of the Effective Date, the Company shall grant Executive a one-time long-term incentive award in the form of restricted stock units (“RSUs”) with respect to shares of common stock, par value $2.50 per share, of the Company (“Shares”) having a grant date value of $50,000,000 (the “Special RSU Grant”). The number of Shares underlying the Special RSU Grant shall be determined based on the average closing price per Share over the first five trading days of the calendar month in which the Effective Date occurs. The Special RSU Grant shall vest and be paid in full on the fifth (5th) anniversary of the Effective Date, subject to Executive’s continued employment with the Company through such date (subject to Section 9 hereof). The Special RSU Grant shall be made under the Company’s 2021 Omnibus Incentive Plan (or any successor plan, the “Plan”) and shall be subject to the terms thereof, the terms of the award agreement pursuant to which such award is made and the terms of this Agreement.
Special Award. Executive shall be eligible to receive a special award of three hundred eighty-four thousand, seven hundred and eleven Singapore dollars (SGD $384,711) to be paid in January 2011. Executive’s entitlement to payment of this award is contingent upon Executive being actively employed by the Company at the time of the payment.
Special Award. Effective May 1, 2007, the Company will grant to the Employee 15,000 Performance Restricted Stock Units pursuant to the Company's 1998 Long Term Incentive and Share Award Plan, 5,000 of which will vest on the closing date of the Pathmark transaction, 5,000 of which will vest on the one-year anniversary of the closing date, and the remaining 5,000 of which will vest on the two-year anniversary of the closing date. The grant letter will provide that any earned RSU's will not be forfeited in the event the Employee's employment with the Company ends in connection with his reactivation of employment with Tengelmann and as long as he remains an employee of Tengelmann on all of the vesting dates set forth in the grant letter.
