Annual Equity Award definition

Annual Equity Award shall have the meaning set forth in Section 3(c).

Annual Equity Award means stock options, stock awards, restricted stock, restricted stock units, stock appreciation rights, or other awards based on or derived from the Stock which are authorized under this Plan for award to Non-Employee Directors under Section 6.2 of the Plan.

Annual Equity Award means the annual Restricted Share Unit award that a Director will be entitled to receive as compensation for serving as a Director in a relevant year (not including any Fees), which, unless otherwise determined by the Board, will be granted under the Stock Plan.

Examples of Annual Equity Award in a sentence

• Each Annual Equity Award shall be subject to the terms and conditions, including specific vesting conditions, set forth in the award agreement, as determined by the Board (or a committee of directors to whom such responsibility has been delegated by the Board) in its sole discretion, and the Company’s long-term incentive plan.

• Payment of the Annual Equity Award or any Pro-Rated Award will be deferred until the Non-Employee Director’s separation from service, in accordance with the terms of the Deferred Fee Plan, unless otherwise required by applicable laws.

• The terms and conditions applicable to any Annual Equity Award shall be determined by the Committee in accordance with the Company’s applicable long-term incentive plan.

• All Annual Equity Awards earned by Employee shall be granted to Employee as soon as practicable following the end of the Company’s fiscal year but in no event later than 2½ months following the end of the taxable year during which the applicable Annual Equity Award was earned.

• A Non-Employee Director may elect to receive deferred stock units (“Deferred Stock”) in lieu of (a) some or all of the fully vested stock awards constituting his or her Annual Retainer, (b) all of the cash constituting his or her Other Fees and (iii) some or all of the Restricted Stock Units constituting his or her Annual Equity Award.

More Definitions of Annual Equity Award

Annual Equity Award. Consideration for inclusion in the Company’s annual equity grant, subject to Compensation Committee discretion and the terms of the Company’s 2013 Long-Term Incentive Plan or other applicable plan (the “2013 Plan”) and related award agreement(s).

Annual Equity Award means an award of restricted stock units granted to each Non-Employee Director of Illumina as compensation for their service on the Board of Directors. Annual Equity Awards are typically granted at the time of the Company’s annual meeting of stockholders as compensation for service until the next Annual Meeting, which is typically approximately one year later. However, a new director who first joins the Board on a date other than the date of the annual meeting of stockholders may receive a pro-rated Annual Equity Award as compensation for their service until the next annual meeting of stockholders. The “Annual Equity Award” is separate and distinct from any Initial Equity Award granted to a Non-Employee Director. Annual Equity Awards vest at

Annual Equity Award means, with respect to the Chief Executive Officer, annual equity awards received pursuant to the Company’s long-term incentive program.

Annual Equity Award. Consideration for inclusion in the Company’s annual equity grant at a grant level of $1,500,000, subject to Compensation Committee discretion and the terms of the Company’s 2013 Long-Term Incentive Plan or other applicable plan (the “2013 Plan”) and related award agreement(s).

Annual Equity Award. Beginning Fiscal 2017, target equity value of $7,500,000 to be granted annually at the same time as annual awards to other executives, normally in May but may be earlier or later, and under terms of the Xxxxx Lauren Corporation 2010 Long-Term Stock Incentive Plan, or any successor thereto (the "Plan"), as approved each year by the Compensation and Organizational Development Committee of the Xxxxx Xxxxxx Corporation Board of Directors ("Compensation Committee"), including grant structure, type of awards, conversion of value to actual number of shares, and other applicable factors as determined by the Committee in its discretion. Relocation: Eligible for relocation benefits as set forth in Exhibit 2.

Annual Equity Award. Target equity value of $550,000 to be granted annually at the same time as annual awards to other executives, normally in May but may be earlier or later, and under terms of the equity program as approved each year by the Compensation and Organizational Development Committee of the Xxxxx Xxxxxx Corporation Board of Directors (“Compensation Committee”), including grant structure, type of awards, conversion of value to actual number of shares, and other applicable factors as determined by the Committee in its discretion.

Annual Equity Award means the component of an Eligible Director’s annual compensation package that consists of an equity award granted pursuant to the Equity Plan.