Special Retention Award. Alliance Data agrees to vest 2,427 restricted stock units of the remaining 4,853 Special Retention Award identified as RSU07PBSA39134 on February 21, 2010 and Executive agrees that the remaining 2,426 restricted stock units shall be forfeited and canceled as of the Termination Date. Alliance Data further agrees to pay Executive $150,000 of the $300,000 cash portion of the Special Retention Award originally made on 2/21/2007 and Executive agrees that the remaining $150,000 cash portion of such Special Retention Award shall be forfeited. Such payment, less required withholdings, shall be paid no later than February 28, 2010.
Special Retention Award. As of the Effective Date, the Executive shall receive a special one-time retention grant pursuant to the Plan of LTIP units with respect to the Company’s operating partnership, with an aggregate grant date value of $1,000,000, where the actual number of LTIP units granted will be determined using the closing price of a share of the Company’s common stock as of the trading day immediately prior to the grant date (such grant, the “Special Retention Award”). Subject to the terms and conditions of the Plan and the applicable award agreement, one-third of the Special Retention Award will vest on each of December 31, 2023, December 31, 2024, and December 31, 2025, subject to the Executive’s continued employment on each applicable date, and any vested LTIP units resulting from such Special Retention Award will be subject to a one-year “no-sell” restriction following vesting. For the avoidance of doubt, the Special Retention Award shall also be considered an Equity Award for purposes of this Agreement.
Special Retention Award. On July 15, 2022, subject to the Executive’s continued employment with the Firm through such date, the Executive shall be awarded a special retention award consisting of (a) a cash payment of $1,250,000 (the “Retention Cash Award”), and (b) an equity-based award in the form of profits interest participation rights or restricted stock units, as determined by Lazard in its discretion, with a grant date value (as determined by Lazard) of $2,500,000 (the “Retention Equity Award”). In the event that, following payment of the Retention Cash Award, the Executive resigns without Good Reason or is terminated for Cause on or prior to July 15, 2024, the Executive shall be obligated to repay the Retention Cash Award to Lazard in full within ten business days following the Executive’s notice of resignation or, in the case of termination for Cause, within ten business days following the Executive’s last day of employment. Subject to the Executive’s continued employment with the Firm through September 3, 2024, the Retention Equity Award shall vest fully on such date and shall be subject to the terms and conditions of the applicable award agreement which shall be in the Firm’s customary form (other than with respect to the vesting period) evidencing such grant and the applicable Lazard incentive compensation plan.
Special Retention Award. On or promptly following the Effective Date (the “Grant Date”), the Company will issue Executive a restricted stock award (the “2011 Retention Award”) under the El Paso Electric Company 2007 Long-Term Incentive Plan (“LTIP”) representing the number of shares of Company common stock determined by dividing $2,500,000 by the closing price of the Company’s common stock on the Grant Date as reported on the New York Stock Exchange (rounded down to the nearest whole share). The 2011 Retention Award shall vest as follows:
Special Retention Award. On or effective as of the Effective Date, Executive will be granted restricted stock units (“RSUs”) with a grant date fair value of $2,000,000 and performance stock units (“PSUs”) with a grant date fair value of $2,000,000 (at target), which will be issued pursuant to the Company’s Amended and Restated 2014 Stock Incentive Plan and the RSU award agreement, in substantially the form attached as Exhibit B hereto, and the PSU award agreement, in substantially the form attached as Exhibit C hereto, respectively (such RSUs and PSUs, collectively, the “Special Retention Award”).
Special Retention Award. The “Special Retention Award” shall mean that certain award to the Executive of restricted stock with a “Grant Date” as defined therein of March 2, 2021.
Special Retention Award. Provided you remain with the Company through May 1, 2009, you will receive a special retention award of one million dollars ($1,000,000). Payment will be made to you as soon as practicable after May 1, 2009, but in no event later than May 30, 2009. All applicable taxes will be withheld from the payment. This special payment will not be considered compensation for the purpose of determining benefits under DuPont’s benefit
Special Retention Award. On the Effective Date, Employee shall be granted a special retention award of RSUs (the “Retention Award”) covering a number of shares of SJW common stock determined by dividing $1,250,000 by the Share Price on the date of grant of the Retention Award, rounded to the nearest whole number. The Retention Award shall vest in three equal installments on each of the first, second and third anniversaries of the Effective Date, subject to Employee’s continued employment with Company through the respective vesting dates. The remaining terms of the Retention Award shall be as set forth in the SJW Equity Plan and in the form of the Restricted Stock Unit Issuance Agreement in substantially the form attached hereto as Exhibit A.
Special Retention Award. The Bank agrees to pay to Employee:
Special Retention Award. On or effective as of the Effective Date, the Executive will be granted restricted stock units with a grant date fair value of $750,000, which will be issued pursuant to the Company’s Amended and Restated 2014 Stock Incentive Plan and the restricted stock unit award agreement, in substantially the form attached as Exhibit B hereto (the “Special Retention Award”).
