Assumed Award definition

Assumed Award means a restricted stock grant, restricted stock unit or other equity-based arrangement that was granted by Old Fluor to one of its non-employee directors for his or her service as such and which is assumed by the Company in connection with the Distribution, as such award has been adjusted or amended pursuant to the terms thereof.
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Assumed Award means an Assumed PRSU, Assumed RSU or Assumed Option.
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Assumed Award means any award granted under the AIG Omnibus Incentive Plan or the AIG 2013 Omnibus Incentive Plan, as amended from time to time, which award is assumed by Corebridge and converted into an Award pursuant to the terms of the Employee Matters Agreement between Corebridge and AIG.
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Examples of Assumed Award in a sentence

  • Further, Shares delivered (either by actual delivery or attestation) to the Company by a Participant to satisfy the applicable exercise or purchase price of an Award (including an Assumed Award) and/or to satisfy any applicable tax withholding obligation (including Shares retained by the Company from the Award (including an Assumed Award) being exercised or purchased and/or creating the tax obligation) will, as applicable, become or again be available for Award grants under the Plan.

  • Promptly after the Closing Date, Acquiror shall issue to each Person who immediately prior to the Closing was a holder of an outstanding Assumed Award a document evidencing the foregoing assumption of such award by Acquiror.

  • The Assumed Awards shall vest and become exercisable pursuant to the vesting schedule set forth in the applicable Assumed Award agreement, and in no event shall the vesting or exercisability of the Assumed Awards be accelerated.

  • To the extent there is a conflict between any provision of the applicable CCE Plan or the Participant’s award agreement thereunder and the terms of this Plan, this Plan shall govern, except as would (i) be inconsistent with the terms of such Assumed Award and materially detrimental to the holder thereof, as determined by the Committee, (ii) be prohibited under applicable law, or (iii) require approval of New CCE’s shareowners.

  • If an Assumed Award is an incentive stock option (as defined in Section 422 of the Code) with an exercise price below the fair market value of a share of the Company’s Common Stock as of the date a Participant signs his or her Participation Notice, such incentive stock option will automatically convert to a nonstatutory stock option for tax purposes as of the date of such Participation Notice.

  • In the event an Award does not constitute an Assumed Award in connection with a Change in Control as provided in Section 13.1, in the event of a Change in Control, each Option and SAR then outstanding shall be fully exercisable regardless of the exercise schedule otherwise applicable to such Option and/or SAR, and the Restricted Period shall lapse as to each Restricted Share, Restricted Share Unit and Other Stock-Based Award then outstanding.

  • The payment of Dividend Equivalents in cash in conjunction with any outstanding Awards (including an Assumed Award) shall not count against the Overall Share Limit.

  • In connection with the adoption of this Plan, the Company will assume the Assumed Awards granted to Service Providers under the Assumed Award Agreements.

  • In the event that an Outstanding Stock Award is not assumed, substituted or otherwise continued in connection with a Change in Control and as a result does not become an Assumed Award, the vesting and exercisability of such Outstanding Stock Award will become 100% vested and exercisable (if applicable) immediately prior to the effective time of the Change in Control.

  • If the Plan is not approved by the Company’s shareholders, the Plan will not become effective, no Awards will be granted under the Plan and the Assumed Award Agreements will continue in full force and effect in accordance with their terms.


More Definitions of Assumed Award

Assumed Award has the meaning set forth in Section 3.07(c).
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Assumed Award. Section 2.3(a) "Certificate of Merger" Section 1.3 "Certificates" Section 2.2(b) "Closing" Section 1.2 "Closing Date" Section 1.2 "Code" Recitals "Company" First Paragraph "Company Benefit Plans" Section 3.1(l) "Company Common Stock" Section 2.1(a) "Company Expenses" Section 7.7(c) "Company Property" Section 3.1(p) "Company Reports" Section 3.1(g) "Company Rights" Section 3.1(d) "Company Shareholder Approval" Section 3.1(h) "Company Stock Option" Section 2.3(a) "Company Stock Plans" Section 3.1(d) "Consents" Section 4.3 "Consent Solicitation Statement" Section 4.10 "Contract" or "Contracts" Section 3.1(f) "Current Policies" Section 4.7 "Effective Time" Section 1.3 "Employment Agreements"
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Assumed Award. Section 2.3(a) "Certificate of Merger" Section 1.3 "Certificates" Section 2.2(b) "Closing" Section 1.2 "Closing Date" Section 1.2 "Code" Recitals "Company" First Paragraph "Company Benefit Plans" Section 3.1(l) DEFINED TERM SECTION REFERENCE
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Assumed Award means a restricted stock grant,
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Assumed Award means an Award that was granted under the Plan prior to its assumption by the Company in connection with the Reorganization.
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Assumed Award means an Original Award (and any Original Dividend Equivalent Payments related thereto) held by an Employee immediately prior to the Effective Time, which has not lapsed or otherwise ceased to be capable of settlement under the rules of the Original Plan and which the Company has assumed and converted under the terms of this Plan on the Adoption Date into an award over Shares, as contemplated under the provisions of the Employee Matters Agreement (and, without limitation, subject to the related automatic adjustments to the underlying number of shares and the exercise price, if applicable). As of the Effective Time: (i) each Assumed Award that relates to an Original Award shall be over such number of MF Shares as is determined in accordance with Section 5.2(b) of the Employee Matters Agreement and by applying the following formula: A x B, where ‘A’ is the number of shares of HPE common stock subject to the Original Award immediately prior to its assumption and conversion under this Plan and ‘B’ is the Adjustment Ratio, with the product rounded down to the nearest whole number of MF Shares; and (ii) each Assumed Award that relates to an Original Dividend Equivalent Payment shall be over such number of MF Shares as is determined in accordance with Section 5.2(c) of the Employee Matters Agreement and by applying the following formula: A x B, where ‘A’ is the number of shares of HPE common stock subject to the Original Dividend Equivalent Payment immediately prior to its assumption and conversion under this Plan and ‘B’ is the Adjustment Ratio, with the product rounded to four decimal places. For avoidance of doubt, each Assumed Award shall be governed by the provisions of the Award Agreement evidencing the assumption of such Assumed Award, which reflects the terms of the original HPE award agreement applicable to the Original Award and any Original Dividend Equivalent Payments to which such Assumed Award relates, except as modified under this Plan and the Award Agreement evidencing the assumption of the Assumed Award to conform to the requirements of the Act and to permit the issuance of MF Shares to Employees in satisfaction of Awards from and following the Effective Time.
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Related to Assumed Award

  • Restricted Award means any Award granted pursuant to Section 7.2(a).

  • Company RSU Award means an award of restricted stock units relating to shares of Company Common Stock granted under a Company Equity Incentive Plan (including any dividend equivalent units credited thereon).

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • share-based award means an award under an equity incentive plan of equity-based instruments that do not have option-like features, including, for greater certainty, common shares, restricted shares, restricted share units, deferred share units, phantom shares, phantom share units, common share equivalent units, and stock.

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • the award , except in sub-paragraph (2), means—

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Other Share-Based Award means a right, granted under Section 5(h), that relates to or is valued by reference to Shares.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Employee Award means the grant of any Option, SAR, Stock Award, Cash Award or Performance Award, whether granted singly, in combination or in tandem, to a Participant who is an Employee pursuant to such applicable terms, conditions and limitations as the Committee may establish in order to fulfill the objectives of the Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Company SAR means any stock appreciation right linked to the price of Company Common Stock and granted under any Company Stock Plan.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).