Examples of Award Payout in a sentence

In the event of a Change in Control, the Award Payout shall be made in cash; provided, that if the consideration provided to the Company’s equity holders in connection with the Change in Control includes securities, debt or other property, the Award Payout may be, in the sole discretion of the Company’s Board of Directors, in whole or in part, in the form of the consideration so provided (i.e., securities, debt or other property).
However, in the sole discretion of the Company’s Board of Directors, the Award Payout may still be made in the form of cash reflecting the share value of the Awards at time of Vesting Date.
After an IPO, all subsequent Award Payout shall be in the form of shares in the resulting public entity.
In the event of an IPO or other public liquidity event, the Award Payout shall be in the form of shares of the resulting public entity, provided, that if the IPO or other public liquidity event occurs prior to October 1, 2024, PSUs shall convert to an equal number/amount of RSUs (assuming 100% Target Metric met) and all RSUs, including converted PSUs, shall be restricted shares and subject to forfeiture and time vesting on the same criteria as RSUs were prior to the IPO or public liquidity event.

More Definitions of Award Payout

Award Payout means the cash payable to a Participant as described in Section 8 of the Plan. The amount of the Award Payout is determined in the sole and exclusive discretion of the Board.

Award Payout means the number of PSUs and PSOs earned by a Participant as determined by the Committee.

Award Payout means the applicable Stock issuance or cash payment in respect of a vested Restricted Stock Unit pursuant and subject to the terms and conditions of this Plan and the applicable Award;

Award Payout means the amount a Participant is paid under the Plan for a Fiscal Year as determined by the Committee.

Award Payout means the amount of the Award earned for a Performance Period as determined pursuant to Section V.A.

Award Payout means the total payment, if any, made to a Participant in cash or in Shares, as shall be determined by the Committee prior to the payment date, upon the vesting of Performance Units at the conclusion of a Performance Period. The Award Payout shall be the product of (i) the number of Performance Units that comprise the Award multiplied by (ii) the Unit Payout Factor multiplied by (iii) the stated dollar value of each Performance Unit.

Award Payout. Each RSU represents the right to receive one share of AECOM common stock on the Settlement Date, subject to the conditions set forth in the Plan Documents. The payout will be reduced for any required tax withholding unless you elect in advance of vesting to pay the taxes yourself and have sufficient cash balances within your personal Xxxxxxx Xxxxx brokerage account to remit the amount of the required statutory tax withholding to AECOM at the time that such tax withholding is due (or make other arrangement to timely satisfy such obligations as may be permitted under the Plan Documents). The remaining AECOM shares earned (net of applicable taxes) will be deposited into your Xxxxxxx Xxxxx brokerage account as soon as administratively possible, but in no event later than the 15th day of the third month following the Scheduled Vesting Date (or if RSUs vest in connection with a Severance-Eligible Termination or an employment termination due to death or disability, no later than the 15th day of the third month following such termination).