Examples of Award Communication in a sentence
Any action taken or decision made by the Company, the Board or the Committee arising out of or in connection with the construction, administration, interpretation or effect of any provision of the Plan, this Agreement or a Participant’s Award Communication shall lie within its sole and absolute discretion, as the case may be, and shall be final, conclusive and binding on the Participant and all persons claiming under or through the Participant.
As used in the Agreement, the Appendices, Schedule A and the Award Communication, the following terms will have the respective meanings set forth below, and other capitalized terms used in the Agreement, the Appendices, Schedule A or the Award Communication will have the respective meanings given such capitalized terms in the Agreement, the Appendices, Schedule A, the Award Communication or the Plan.
Awards of Restricted Stock and the dividends paid thereon are intended to be exempt from Section 409A, and Restricted Stock Units and the dividend equivalents payable thereon are intended to comply with the requirements of Section 409A, and the Plan, this Agreement and the Award Communication shall be administered and interpreted consistent with such intent and the 409A Policy.
The Award is subject to the Plan, the Award Communication and any interpretations by the Committee under the Plan or the Award Communication, which are hereby incorporated into this Agreement by reference and made a part hereof.
Notwithstanding anything in the Plan, this Agreement or any Award Communication to the contrary, a Participant’s Award (and any shares of Stock or other amounts payable thereunder) are subject to reduction, cancellation, repayment, forfeiture or recoupment in accordance with the Clawback Requirements.
Except as otherwise determined by the Committee, the shares from a Participant’s Award of Restricted Stock cannot be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of before such shares have vested pursuant to this Agreement and the Participant’s Award Communication, and shall be held in escrow by the Company until such time.
As provided by Paragraph 4(f)(i) of the Plan, notwithstanding any other provision of the Plan, this Agreement or any Award Communication, vesting and payment of Awards pursuant to this Agreement are subject to and conditioned upon their compliance with 12 USC Section 1828(k) and any regulations promulgated thereunder.
Unless the Committee determines otherwise, then except as otherwise provided by Section 2, Section 3, Section 4 or a Participant’s Award Communication, in the event that a Participant’s Employment terminates for any reason before the Vesting Date, the Participant’s Award shall be immediately forfeited and cancelled by the Company.
For Restricted Stock Units granted to a Participant in a special situation (such as a grant to a newly hired or promoted Participant), the Participant’s Award Communication may provide for different terms, treatment and/or payment of any dividend equivalents on the Participant’s Restricted Stock Units.
Subject to the terms and conditions of this Agreement, including Section 8(b), and a Participant’s Award Communication, upon the vesting of a Participant’s Award of Restricted Stock, the number of Earned Shares shall no longer be subject to the restrictions on transfer of Section 7(c).