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Transaction Award Sample Clauses

Transaction AwardIn consideration of Executive’s efforts in negotiating the Merger Agreement and completing all deliverables required leading up to the Effective Date, on the Effective Date, the Company shall make a lump sum cash payment to Executive equal to $2,000,000.
Transaction Award. (a) The Executive shall be eligible to receive from the Company an award (the “Transaction Award”) payable if the Company completes the Transaction prior to December 31, 2014 (the “End Date”); provided that if the Company is then actively engaged in the Transaction on December 31, 2014, the End Date will be the date the Transaction is completed or terminated. The amount of the Transaction Award shall be equal to 0.2% of the Transaction Value (as defined in Section 1(b) below). For example if the Transaction Value is CDN$100 million, the Transaction Award will be CDN$200,000. (b) For the purposes of this Agreement, “Transaction Value” means, without duplication, all consideration to be received in connection with the Transaction by the Company or holders of its securities, including the aggregate amount of debt assumed or repaid by the purchaser under the Transaction (the “Purchaser”), less cash and cash equivalents of the Company and its subsidiaries, as of the date of completion of the Transaction (the “Transaction Date”).
Transaction Award. In recognition to the importance of the Participant to ensure the continuity of the Company’s management during the Transaction Periods until the consolidation of the Company’s new shareholding control transition, and subject to the implementation and verification of the conditions provided for in the Section 1.1 above, the Company shall pay the gross amount corresponding to 12 nominal salaries of the participant in force on the date of Closing (the “Transaction Award”).
Transaction Award. The Parent Company hereby grants to the Participant, effective as of the date first set forth above (the “Date of Grant”), on the terms and conditions set forth in this Agreement, a restricted stock award of [ ] shares (the “Restricted Shares”) of restricted Class A Stock. The Participant has received this Transaction Award as full payment under the RSU Award Agreement, and the Participant acknowledges and agrees that no other benefits shall accrue and no other payments shall be made to the Participant with respect to the RSU Award Agreement. As a condition to receiving this Transaction Award, the Participant shall execute and deliver this Agreement to the Parent Company by the earlier of (i) 60 days after the Date of Grant and (ii) termination of the Participant’s employment with the Parent Company and its subsidiaries. In the event that the Participant fails to properly execute and deliver this Agreement to the Parent Company by such time, then as of such time all of the Participant’s rights with respect to this Transaction Award shall terminate and the entire Transaction Award shall be deemed forfeited as described in Section 4(a) hereof, as if the Participant voluntarily terminated his or her employment with the Parent Company and its subsidiaries at such time.
Transaction Award. Executive will be eligible for a grant of 2,471,360 Restricted Share Units (as defined in Parent’s 2023 Equity Incentive Plan (the “2023 Plan”)), subject to Executive’s continued service with the Company, Parent or one of their respective subsidiaries through such grant date and approval by the Board or the Compensation Committee, as applicable. The Restricted Share Units will be fully vested on the grant date and will be subject to the terms and conditions of the 2023 Plan and the applicable form of award agreement thereunder.
Transaction Award 

Related to Transaction Award

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Modifications to the Award Agreement This Award Agreement constitutes the entire understanding of the parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units.

  • Performance Obligation 11.1 Interconnection Customer's Interconnection Facilities 11.2 Participating TO's Interconnection Facilities 11.3 Network Upgrades and Distribution Upgrades

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • The Award All compensation awarded for any taking, whether for the whole or a portion of the Leased Premises, shall be the sole property of the Landlord whether such compensation shall be awarded for diminution in the value of, or loss of, the leasehold or for diminution in the value of, or loss of, the fee in the Leased Premises, or otherwise. The Tenant hereby assigns to Landlord all of Tenant's right and title to and interest in any and all such compensation. However, the Landlord shall not be entitled to and Tenant shall have the sole right to make its independent claim for and retain any portion of any award made by the appropriating authority directly to Tenant for loss of business, or damage to or depreciation of, and cost of removal of fixtures, personalty and improvements installed in the Leased Premises by, or at the expense of Tenant, and to any other award made by the appropriating authority directly to Tenant.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Restricted Stock Unit Award The Grantee is hereby granted NUMBER OF SHARES restricted stock units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of the Company's Common Stock, $.001 par value (the "Stock"), subject to the terms and conditions of this Agreement and the Plan.