Subsequent Awards Clause Samples
The "Subsequent Awards" clause defines how additional awards or decisions may be issued after an initial arbitration or adjudication award. Typically, this clause allows the arbitrator or tribunal to address issues that were not resolved in the original award, such as costs, interest, or clerical errors, by issuing further awards as needed. Its core practical function is to ensure that all outstanding matters are properly resolved, preventing disputes from remaining partially unsettled due to omissions or oversights in the initial decision.
Subsequent Awards. In the sole discretion of the Company, subsequent grants of Restricted Performance Shares to Participant, if any, may be evidenced by amending Appendix A of this Agreement to reflect such subsequent grant. Any such subsequent grant of Restricted Performance Shares shall be issued upon acceptance by Participant and upon satisfaction of the conditions of this Agreement and the Plan. Participant shall accept any such subsequent grant of Restricted Performance Shares when issued and agrees with respect thereto to the terms and conditions set forth in this Agreement and the Plan. Regardless of the number of subsequent grants of Restricted Performance Shares, if any, evidenced by this Agreement, this Agreement shall be interpreted to apply separately to each grant of Restricted Performance Shares.
Subsequent Awards. During the Employment Term, Executive ----------------- shall be eligible to receive stock and stock option grants, as determined by and at the sole discretion of the Compensation Committee of the Board of Directors.
Subsequent Awards. Beginning in calendar year 2002, the Executive shall be eligible during the Term to receive additional equity grants and awards, on terms and conditions that are appropriate in light of his positions, his performance and the performance of the Company, all as determined by the Board (or a committee thereof) in its discretion.
Subsequent Awards. During the Employment Term, Executive shall be eligible to receive annual stock and stock option grants equal to or greater than the median grants made to Chief Executive Officers of typical comparable companies, as determined in good faith by the Board's compensation committee.
Subsequent Awards. You will be eligible to receive additional equity awards on or after the first anniversary of your employment with the Company (with any subsequent awards determined by the Board in its sole discretion based on your performance).
Subsequent Awards. Provided Arpey remains an employee of the Corporation, he will receive a minimum of 58,000 Deferred Shares in each of the succeeding four years after 2005 (collectively, the “Subsequent Awards” and individually a “Subsequent Award”). Each Subsequent Award shall be made in accordance with the terms of the 1998 Plan or under such other plan, program or arrangement under which awards of this nature are authorized for issuance (the “Applicable Equity Plan”). The grant date for each Subsequent Award will be no later than December 31 of such succeeding year. In the event the Board has not granted any such Subsequent Award in a succeeding year, the grant date for the Subsequent Award in that year will be deemed to be the last business day of July. Vesting of a Subsequent Award will be in accordance with Sections 2, 3 and 4 of this Agreement and the number of Deferred Shares vesting for each Subsequent Award may range from 0% to 175%.
Subsequent Awards. . In the sole discretion of the Company, subsequent grants of Restricted Shares to Participant, if any, may be evidenced by amending Appendix A of this Agreement to reflect such subsequent grant. Any such subsequent grant of Restricted Shares shall be issued upon acceptance by Participant and upon satisfaction of the conditions of this Agreement and the Plan. Participant shall accept any such subsequent grant of Restricted Shares when issued and agrees with respect thereto to the terms and conditions set forth in this Agreement and the Plan. Regardless of the number of subsequent grants of Restricted Shares, if any, evidenced by this Agreement, this Agreement shall be interpreted to apply separately to each grant of Restricted Shares.
Subsequent Awards. Executive acknowledges that the equity award provided pursuant to Section 6(a) is intended to better align the Executive’s interest to those of the Company’s stockholders on an accelerated basis, and that accordingly Executive will next be eligible to receive grants beginning with the regular annual cycle of grants to senior executives of the Company and other key employees scheduled for the next fiscal or calendar year after 2014, subject in all cases to such terms and conditions specified by the Board.
Subsequent Awards. Upon annulment of an award, the Village may accept, and award a Contract based on, any other Bidder’s Bid Proposal as the Village, in its sole judgment, deems to be in the best interests of the Village or may invite new Proposals or the Village may reject all bids.
Subsequent Awards. Stock options, stock appreciation rights and other equity-based awards granted by the Company after June 30, 2003.