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. 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. 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. 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 $1,507,000.00, payable subject to the Participant's continued employment with the Company.
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 150,000 shares of Restricted Stock pursuant to the Liquidity Services, Inc. Second 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 be 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 grant 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. The vesting will start on the next month after the grant is approved by the Compensation Committee. All other terms and conditions of such award shall be governed by the Liquidity Services, Inc. Second Amended and Restated 2006 Omnibus Long-Term Incentive Plan and the applicable award agreements.
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. A special award of Stock Options or Warrants to acquire 100,00 shares of common stock of the Company at an exercise price of $1.25 per share shall be granted to the Employee as of the effective date of the Agreement. The term of the Stock Option or Warrant shall be 10 years, and the shares shall be fully vested as of January 31, 1998.
Special Award. BROWN AWARD - Presented to a senior boy who participated in a sport and has been outstanding in sportsmanship, school citizenship, and the spirit in which he trains. Selection is made by coaches of boys' sports, athletic director, and the principal.
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.
