Adjusted Awards definition
Examples of Adjusted Awards in a sentence
The persons eligible to participate in the Plan are the holders of the Adjusted Awards.
Subject to adjustment pursuant to this Section V, the number of shares of Common Stock which may be issued or transferred pursuant to Awards under the Plan is equal to the number of shares of Common Stock underlying all Adjusted Awards.
The conversion of the Adjusted Awards pursuant to the Distribution is intended to comply in all respects with the requirements of Section 424 and Section 409A of the Code, to the extent applicable, and all such provisions of this Plan, the Employee Matters Agreement and each award agreement shall be interpreted and implemented in accordance with the foregoing.
Notwithstanding TVA’s calculation of Adjusted Awards, Customer will not earn in any month ▇▇▇▇ Credits greater than 1/12 the Maximum Annual Awards set out above.
If the Adjusted Awards are less than the Maximum Annual Awards for those years set out in section A.3.4 above, the sum of Customer’s monthly ▇▇▇▇ Credits in the remaining Award Period years will be equal to the Adjusted Awards for the remaining Award Period minus the difference between the monthly ▇▇▇▇ Credits Customer received and the amount that the ▇▇▇▇ Credits would have been if they had been calculated using the Metrics provided in Customer’s Certification or notice.
The Adjusted Awards will be calculated by applying the information, projections, and Metrics provided in Customer’s Certification or notice to the same formula that was used in calculating the Maximum Annual Awards set out in the tabulation in section A.3.4 above, except that the total kWh usage and highest Total Metered Demand for each month in the previous year will be used in the calculation in place of Customer’s projections for that period.
In no event shall the vesting of any Adjusted Awards accelerate solely by reason of the transactions or events contemplated by any Transaction Document.
Immediately upon receipt of any notice pursuant to sections A.3.5.1 and A.3.5.2 above, TVA will calculate adjusted Maximum Annual Awards (Adjusted Awards) for the Evaluation Period.
The Adjusted Awards will also reflect the recovery of any ▇▇▇▇ Credits received by the Customer during the Award Period for which the Customer was not qualified.
The Accelerated Adjusted Awards will be released or paid as provided for in Section 2(e) below.