Annual Grant(s) definition

Annual Grant(s) means annual economic development grants to be provided by the City in an amount equivalent to 60 percent (60%) of the Real Property Taxes assessed against the Premises for a given tax year for a period of eight (8) consecutive tax years beginning with the first calendar year following the Commencement Date, to be paid as set forth herein.

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Annual Grant(s) means annual economic development grant(s) to be provided by the City in an amount equivalent to fifty percent (50%) of the Hotel Occupancy Taxes assessed by the City and paid as a result of the hotel operations on the Premises for a given tax year for a period of five (5) consecutive tax years beginning with the first calendar year following the Commencement Date;

Annual Grant(s) means annual economic development grant to be provided by the City in an amount equivalent to 30 percent (30%) of the Real Property Taxes assessed against the Premises for a given tax year for a period of three (3) consecutive tax years beginning with the first calendar year following the Commencement Date, to be paid as set forth herein.

Examples of Annual Grant(s) in a sentence

• For purposes of Section 8(d)(ii)(C), in the event that the Employee’s termination (or with respect to Section 9, a Change in Control) occurs prior to the Executive receiving three (3) Annual Grants, then the amount in Section 8(d)(ii)(C) shall be determined based on the Equity Award Value of Annual Grants (if any) made to the Employee during the Employment Term prior to the Employee’s termination (or with respect to Section 9, the Change in Control).

• The Annual Grants to Executive shall be delivered through vehicles and designs that are generally consistent with those awarded to the Company’s other senior executive officers in each year.

• For purposes of Section 8(d)(ii)(C), in the event that the Employee’s termination occurs prior Executive receiving two (2) Annual Grants, then the amount in Section 8(d)(ii)(C) shall be determined based on the Equity Award Value of Annual Grants made to the Employee during the Employment Term prior to the Employee’s termination (if any).

• The Initial Grant and Annual Grants shall be granted under and shall be subject to the terms and provisions of the Company’s 2018 Incentive Award Plan or any other applicable Company equity plan then maintained by the Company (the "Equity Plan") and shall be granted subject to award agreements, including attached exhibits, in substantially the form previously approved by the Board.

• The Initial Grant and all Annual Grants shall vest in full immediately prior to the occurrence of a Change in Control (as defined in the Equity Plan), to the extent outstanding at such time.

• The actual value of any Annual Grants (if any) shall be determined based on Company and Executive performance, as approved by the Board or the Compensation Committee, with the terms and conditions of any such Annual Grants also determined by the Board or the Compensation Committee.

• The terms and conditions of the Special RSU Grant, the Special PSU Grant, and the Annual Grants (together, the “Grants”) shall be governed by the Plan (or any successor equity plan adopted by the Board) and the applicable award agreements.

• The Annual Grants shall be awarded as of the date on which the Compensation Committee of the Viacom Board of Directors shall award the major stock option grant to the senior executives of Viacom for such year and shall be on the same terms (i.e., with respect to vesting, exercise price and exercise term) as such grant.

• Except as otherwise provided in this Agreement, the terms of the Annual Grants to Executive shall be consistent with the terms of long-term incentive grants made to other senior executives of the Company, it being understood that a greater portion of the Annual Grants to Executive may be performance-based when compared to grants made to other senior executives of the Company.

• AUTOMATIC OPTION GRANTS TO OUTSIDE DIRECTORS 3 7.1 Initial Grants 3 7.2 Annual Grants 4 ARTICLE 8.

More Definitions of Annual Grant(s)

Annual Grant(s) means annual economic development grants to be provided by the City to the Company in an amount equivalent to forty percent (40%) of ad valorem taxes assessed and paid against the Tangible Personal Property for a given tax year for a period of seven (7) consecutive tax years beginning with the first calendar year following the Commencement Date, to be paid as set forth herein.

Annual Grant(s) means annual economic development grants to be provided by the City in an amount equivalent to 40 percent (40%) of the Real Property Taxes assessed against the Premises and the Project for a given tax year for a period of five (5) consecutive tax years beginning with the first calendar year following the Commencement Date, to be paid as set forth herein.

Annual Grant(s) means both the Annual Chairman Grant and the Annual Director Grant.

Annual Grant(s) means twenty (20) annual grants to be paid by City to the Company as set forth herein. The amount of each Annual Grant shall be computed by multiplying one third (1/3) of the Sales Tax Receipts received by the City for a given Grant Period by the percentage specified in the schedule in Section 3.1(a).

Annual Grant(s) means five (5) annual economic development grants to be provided by the City, in the total aggregate amount not to exceed the Maximum Annual Grant Amount, to be paid as set forth herein.