Value of Award Clause Samples

The "Value of Award" clause defines the total monetary amount or consideration granted under a contract or agreement. It typically specifies the maximum sum that the awarding party is obligated to pay, and may outline how this value is determined, such as through fixed pricing, unit rates, or milestone payments. This clause ensures both parties have a clear understanding of the financial scope of the agreement, helping to prevent disputes over payment expectations and budget limitations.
Value of Award. The Award shall represent and have a Maximum Award Value as specified on the executed cover page of this Award.
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Value of Award. The Award shall represent and have a maximum value equal to two times the value of each component (that is, a maximum of two times the target number of Performance Shares and two times the target amount of Cash).
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Value of Award. Successful students have their full international tuition fees covered by the university and receive, from the CSC, an annual living allowance (currently set at a rate of £1200-1350 per month) plus overseas student health cover, a return airfare to London and visa application fees. The Scholarships are valid for up to 4 years. Bench fees are NOT covered by this scholarship. For guidance on budgeting, please visit our Money Advice webpages. Applications for the K-CSC are accepted until 23:59 GMT on 6 Dec 2020. Please follow the instructions below. INSTRUCTIONS:
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Value of Award. Subject to the terms outlined above, your Award will be determined in the sole discretion of the Committee by multiplying your Base Salary by an amount within the following range: Target: 2.0 Minimum (92.5% of Target): 1.85 Maximum (125% of Target): 2.5
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Value of Award. As part of the agreement between the CSC and King’s College London, successful students have their full international tuition fees covered by the university and receive, from the CSC, an annual living allowance (currently set at a rate of £1200-1350 per month*) plus overseas student health cover, return airfare to London and visa application fees. The Scholarships are valid for up to 4 years. You will not be asked to pay any ‘bench fees’. These should be waived or covered by the relevant supervisor/department/faculty at King’s. * *Please be aware that the cost of living in capital cities is usually higher than the rest of the country. This is true of London. Whilst funders may recognise this with their stipend levels, many CSC students choose to supplement their stipend in some way with additional funds. Please therefore also seek guidance on budgeting whilst living in London via the Money Advice webpages.
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Value of Award. As part of the agreement between the CSC and King’s College London, successful students have their full international tuition fees covered by the university and receive, from the CSC, an annual living allowance (rate set by the CSC) plus overseas student health cover, return airfare to London and visa application fees. The Scholarships are valid for up to 4 years. You will not be asked to pay any ‘bench fees’. These should be waived or covered by the relevant supervisor/department/faculty at King’s. For guidance on budgeting whilst living in London, please visit our Money Advice webpages.
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Value of Award. As part of the agreement between the CSC and King’s College London, successful students have their full international tuition fees covered by the university and receive, from the CSC, an annual living allowance (currently set at a rate of £1200-1350 per month) plus overseas student health cover, return airfare to London and visa application fees. The Scholarships are valid for up to 4 years. You will not be asked to pay any ‘bench fees’. These should be waived or covered by the relevant supervisor/department/faculty at King’s. For guidance on budgeting whilst living in London, please visit our Money Advice webpages.
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Related to Value of Award

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.

  • Forfeiture of Award 4.1 If the Award Recipient engages in grossly negligent conduct or intentional misconduct that either (i) requires the Company’s financial statements to be restated at any time beginning on the Date of Grant and ending on the third anniversary of the end of the final vesting date set forth in Section 1 or (ii) results in an increase of the value of the RSUs upon vesting, then the Committee, after considering the costs and benefits to the Company of doing so, may seek recovery for the benefit of the Company of the difference between the shares of Common Stock received upon vesting during the three-year period following such conduct and the shares of Common Stock that would have been received based on the restated financial statements or absent the increase described in part (ii) above (the “Excess Shares”). All determinations regarding the amount of the Excess Shares shall be made solely by the Committee in good faith. 4.2 The RSUs granted hereunder are also subject to any clawback policies the Company may adopt in order to conform to the requirements of Section 954 of the ▇▇▇▇-▇▇▇▇▇ ▇▇▇▇ Street Reform and Consumer Protection Act and any resulting rules issued by the SEC or national securities exchanges thereunder. 4.3 If the Committee determines that the Award Recipient owes any amount to the Company under Sections 4.1 or 4.2 above, the Award Recipient shall return to the Company the Excess Shares (or the shares recoverable under Section 4.2) acquired by the Award Recipient pursuant to this Agreement (or other securities into which such shares have been converted or exchanged) or, if no longer held by the Award Recipient, the Award Recipient shall pay to the Company, without interest, all cash, securities or other assets received by the Award Recipient upon the sale or transfer of such shares. The Award Recipient acknowledges that the Company may, to the fullest extent permitted by applicable law, deduct such amount owed from any amounts the Company owes the Award Recipient from time to time for any reason (including without limitation amounts owed to the Award Recipient as salary, wages, reimbursements or other compensation, fringe benefits, retirement benefits or vacation pay). Whether or not the Company elects to make any such set-off in whole or in part, if the Company does not recover by means of set-off the full amount the Award Recipient owes it, the Award Recipient hereby agrees to pay immediately the unpaid balance to the Company.

  • Vesting of Award Subject to Section 2(b) below and the other terms and conditions of this Agreement, this Award shall become vested in three equal annual installments on the first, second and third anniversaries of the date hereof. Unless otherwise provided by the Company, all dividends and other amounts receivable in connection with any adjustments to the Shares under Section 4(c) of the Plan shall be subject to the vesting schedule in this Section 2(a).

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.

  • Grant of Award The Grantee is hereby granted a Restricted Stock Award under the Plan (this “Award”), subject to the terms and conditions hereinafter set forth, with respect to a maximum ________________________________________________(__________) restricted shares of Common Stock. Restricted shares of Common Stock covered by this Award (the “Performance-Based Shares”) shall be represented by a stock certificate registered in the Grantee’s name, or by uncertificated shares designated for the Grantee in book-entry form on the records of the Company’s transfer agent subject to the restrictions set forth in this Agreement. Any stock certificate issued shall bear the following or a similar legend: “The transferability of this certificate and the shares of Common Stock represented hereby are subject to the terms, conditions and restrictions (including forfeiture) contained in the Pier 1 Imports, Inc. 2006 Stock Incentive Plan, as restated and amended, and the Restricted Stock Award Agreement entered into between the registered owner and Pier 1 Imports, Inc. A copy of such plan and agreement is on file in the offices of Pier 1 Imports, Inc., ▇▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇.” Any Common Stock certificates or book-entry uncertificated shares evidencing such shares shall be held in custody by the Company or, if specified by the Committee, with a third party custodian or trustee, until the restrictions thereon shall have lapsed, and, as a condition of this Award, the Grantee shall deliver a stock power, duly endorsed in blank, relating to any certificated restricted shares of Common Stock covered by this Award.