Award Instrument definition

Award Instrument means either: (a) a written agreement between a Participant and the Company or his or her Employer setting forth the terms and conditions applicable to an Award, or (b) a written or electronic statement issued by the Company or an Employer to a Participant describing the terms and conditions of such Award.
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Award Instrument means any written agreement or other instrument or document evidencing any Award granted by the Committee hereunder.
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Examples of Award Instrument in a sentence

  • Except as may be otherwise provided by the Committee and reflected in the Award Instrument, no Option, SAR, Restricted Shares, or Performance Share may be transferred other than by will or by the laws of descent and distribution.

  • Your Restricted Stock and Cash Performance Awards (“LTIC Awards”) will vest in accordance with the terms of each individual Award Instrument under which they were granted.

  • The Award Instrument pursuant to which any Nonqualified Option is granted shall specify that the Option granted thereby shall not be treated as an Incentive Stock Option.

  • Each Employee to whom an Award of Restricted Shares is made shall pay the Acquisition Price with respect to that Restricted Shares to the Company not later than 30 days after the delivery to the Employee of the Award Instrument with respect to that Restricted Shares.

  • The construction and interpretation by the Committee of any provision of the Plan or any Award Instrument delivered pursuant to the Plan and any determination by the Committee pursuant to any provision of the Plan or any Award Instrument shall be final and conclusive.

  • The Committee shall have the authority to amend the terms and conditions applicable to outstanding Awards (a) in any case where expressly permitted by the terms of the Plan or of the relevant Award Instrument or (b) in any other case with the consent of the Employee to whom the Award was granted, except that no amendment of an Option, or an Option and its related SAR, may reduce the exercise price of such Option.

  • Each Award Instrument shall provide that acceptance of the Award Instrument by an Employee constitutes agreement to the terms of the Award evidenced thereby.

  • Once any portion of an Option becomes exercisable, whether by lapse of time or upon satisfaction of any other restriction, condition, or contingency that may have been established by the Committee and contained in the Award Instrument, that portion shall remain exercisable until expiration or termination of the Option.

  • The term "Award Instrument" shall mean a written instrument evidencing an Award in such form and with such provisions as the Committee may prescribe, including, without limitation, an agreement to be executed by the Employee and the Company, a certificate issued by the Company, or a letter executed by the Committee or its designee.

  • Upon payment by an Employee in full of the Acquisition Price for Restricted Shares under an Award, the Employee shall have all of the rights of a shareholder with respect to the Restricted Shares, including voting and dividend rights, subject only to such restrictions and requirements referred to in Section 7.1 as may be incorporated in the Award Instrument with respect to that Restricted Shares.