Career Shares definition

Career Shares. Capitalized terms used but not defined herein are defined in the Plan. Number of [ ] Restricted Stock Shares Grant Date: [ ] Vesting Schedule: 50% on the earlier of (i) Grantee's 62nd birthday or (ii) upon the Grantee's obtaining fifteen (15) years of Vesting Service (as defined in the Employment Agreement); and 100% on the earliest of (i) the Grantee's 65th birthday, (ii) the tenth anniversary of the Grant Date or (iii) upon the Grantee obtaining twenty (20) years of Vesting Service.
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Examples of Career Shares in a sentence

  • Any Career Shares awarded hereunder shall be governed by the applicable Stock Incentive Plan and, if applicable, any award agreement.

  • Subject to Section 15(b) hereof, upon vesting the Career Shares will be delivered to the Executive in the form of Shares.

  • Please refer to the terms of the AEP Stock Ownership Requirement Plan to determine how performance shares that are deferred into AEP Career Shares will be administered.

  • If Executive terminates his employment voluntarily, Executive or his legal representative shall be entitled (in each case in accordance with and subject to the terms of the applicable arrangement) to any Stock Incentive Plan benefits described in Section 3(b) (Existing Awards) or Section 3(c) (New Awards; Career Shares Award) and to any vested benefits under the plans described in Section 3(f) (Qualified Plans; Other Deferred Compensation Plans) and any vested benefits under the Company’s frozen GDCP.

  • With respect to Stock Incentive Plan awards described in Section 3(b) (Existing Awards) and this Section 3(c) (New Awards; Career Shares Award), Executive will be entitled to tender shares of Company common stock not then subject to restrictions under any Company plan, or to have shares of stock deliverable under the awards held back, in satisfaction of the minimum withholding taxes required in respect of income realized in connection with the awards.

  • As soon as practicable after receipt from the Grantee of this executed Agreement and related stock power, the Company shall cause to be issued under the Plan in the name of the Grantee a stock certificate representing that number of shares of Common Stock set forth on the first page of this Agreement as Restricted Career Shares.

  • Grantee hereby acknowledges that Grantee has been informed that, with respect to the grant of Career Shares, if Grantee is filing a U.S. federal income tax return for the year in which the grant of Career Shares occurs, Grantee may file an election (the “Election”) with the United States Internal Revenue Service, within 30 days of the grant, electing pursuant to Section 83(b) of the Code to be taxed currently on the Fair Market Value of the Career Shares on the Grant Date.

  • Artisan may, in its sole discretion, deliver this Award Agreement, the Plan or any other documents related to the Career Shares by electronic means and request ▇▇▇▇▇▇▇’s agreement to the terms thereof by electronic means.

  • Provided that Grantee (i) has given the Company at least one-year advance written notice of intention to retire and (ii) has attained at least ten years of service with the Company as of the retirement date, the Career Shares eligible to vest under any applicable Vesting Eligibility Schedule (as set forth in Schedule 1 to this Award Agreement or in any career share award certificates) will vest on ▇▇▇▇▇▇▇’s retirement date.

  • Artisan may issue stock certificates or evidence ▇▇▇▇▇▇▇’s interest in Career Shares by using a book entry account with ▇▇▇▇▇▇▇’s transfer agent.