Award Compensation definition
Examples of Award Compensation in a sentence
Participant Group 4: For a Participant who is on sabbatical leave with pay or with an Approved Prestigious Award, Compensation shall be the Participant's Full-Time Equivalent Compensation, as defined above.
The estimated amount of the Compensatory Award Consideration including the estimated Discretionary Award Compensation to be paid to each individual is listed on Schedule 1.4(a).
It is expressly understood that the Company may (i) be entitled to repayment of all or a portion of the payments under Section 2 in the event that Executive breaches any of Executive’s obligations under this Separation Agreement or the PICA or (ii) be entitled to all Erroneously Award Compensation as defined under the Company’s Compensation Recovery Policy.
It is expressly understood that the Company may (i) be entitled to repayment of all or a portion of the payments under Section 2 in the event that Executive materially breaches any of Executive’s obligations under this Separation Agreement or the PICA and the Company is materially harmed by such breaches or (ii) be entitled to all Erroneously Award Compensation as defined under the Company’s Compensation Recovery Policy.
Provided that the Executive is employed by the Company or its subsidiaries on the second anniversary of a Change in Control, the Company shall pay to the Executive, on such second anniversary, the Award Compensation not paid under "a" above.
Pursuant to action of the Committee, the Company awards to the person (the “Awardee”) identified in the Awardee’s Restricted Stock Unit Award Compensation Statement (the “Compensation Statement”), the number of restricted stock units (the “Restricted Stock Units”) set forth in the Compensation Statement (the “Award”), subject to the terms, conditions and adjustments set forth in this Agreement, the Compensation Statement and the Plan.
Provided that the Executive is employed by the Company or its subsidiaries on the third anniversary of a Change in Control, the Company shall pay to the Executive, on such third anniversary, the Award Compensation not paid under "a" above.
In addition to the Annual Stock Option Grants and the Annual Performance Restricted Share Awards, the Stock Award Compensation Committee, upon consultation with the Compensation Committee, will have the discretion to award stock options and restricted shares in the event the performance criteria established by the Compensation Committee are exceeded.
After the distribution of any Notice and Administrative Expenses, the Fee Award and Expenses, Service Award, Compensation for Out-of-Pocket Losses, and Lost Time, the Settlement Administrator will make pro rata settlement payments of any remaining funds to each Class Member who submits a claim.
Provided that the Executive is employed by the Company or its subsidiaries on the second anniversary of a Change in Control, the Company shall pay to the Executive, on such second anniversary, 50% of the Award Compensation.