Cares Act Restrictions definition

Cares Act Restrictions means the restrictions on executive pay from the Company pursuant to (i) the Title IV of the Coronavirus Aid, Relief, and Economic Security Act, Pub. L. 116-136 (Mar. 27, 2020), as amended from time to time (“Cares Act”), (ii) Payroll Support Program Agreement dated as of April 20, 2020, between the Company and the United States Treasury Department as amended from time to time, including any Payroll Support Program Extension Agreement and (iii) any other loan programs under Title IV of the Cares Act.
Cares Act Restrictions is defined in Section 5(b)(ix).

Examples of Cares Act Restrictions in a sentence

  • Notwithstanding anything in this Agreement to the contrary no payment of Performance Cash shall be made to the extent such payment would be prohibited pursuant to the Cares Act Restrictions.

  • Additionally, if the treatment of the Performance Shares under Section 2.5 would require a modification for financial accounting purposes to the fair value of the Performance Shares that would result in the limitations under the Cares Act Restrictions being exceeded as to Participant, then the Committee shall reduce the number of Performance Shares to the greatest number of whole shares that would not exceed the original grant date fair value of the Performance Shares.

  • Notwithstanding anything in this Agreement to the contrary, no payment of the cash award shall be made to the extent such payment would be prohibited pursuant to the Cares Act Restrictions and the payout shall be subject to the applicable limitations thereunder.

  • Vesting Date means the later of (i) the date that the Company is no longer prohibited from paying the cash bonus pursuant to the Cares Act Restrictions and (ii) April 2, 2023.

  • Notwithstanding anything in this Agreement to the contrary no payment of Shares shall be made to the extent such payment would be prohibited pursuant to the Cares Act Restrictions.

  • Notwithstanding anything in this Agreement to the contrary no payment shall be made to the extent such payment would be prohibited pursuant to the Cares Act Restrictions.

  • Vesting Date means the later of (i) December 31, 2022 and (ii) the date that the Company is no longer prohibited from paying the cash bonus pursuant to the Cares Act Restrictions.

Related to Cares Act Restrictions

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

  • Internal lot restriction means a platted note, platted demarcation, or platted designation that:

  • SEC Restrictions has the meaning set forth in Section 2(b).

  • CARES Act means the Coronavirus Aid, Relief, and Economic Security Act.

  • Investment Restrictions means the investment restrictions of the Fund as set forth in the Declaration of Trust including, without limitation, those described in section 2.0 of this Annual Information Form.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • Securities Act means the Securities Act of 1933, as amended.

  • Payment Restriction has the meaning set forth in Section 4.14.

  • Company Restricted Shares Section 2.4(c)

  • 1933 Securities Act means the Securities Act of 1933 of the United States, as amended, and the rules and regulations thereunder, and any comparable or successor laws or regulations thereto.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Securities Act (Ontario) means the Securities Act, R.S.O. 1990, c.S.5, as amended, and the regulations thereunder, unless otherwise specified, as the same exist on the date hereof.

  • Applicable Securities Laws means the applicable securities legislation of each relevant province and territory of Canada, as amended from time to time, the rules, regulations and forms made or promulgated under any such statute and the published national instruments, multilateral instruments, policies, bulletins and notices of the securities commission and similar regulatory authority of each province and territory of Canada.

  • Company Restricted Stock means all shares of Company Common Stock, subject to vesting or other restrictions, whether granted pursuant to the Company Stock Plans or otherwise.

  • Applicable Securities Law means (i) with respect to any offering of securities in the United States of America, or any other act or omission within that jurisdiction, the securities law of the United States, including the Exchange Act and the Securities Act, and any applicable law of any State of the United States, and (ii) with respect to any offering of securities in any jurisdiction other than the United States of America, or any related act or omission in that jurisdiction, the applicable laws of that jurisdiction.

  • Vesting Conditions means those conditions established in accordance with Section 8.4 or Section 10.2 of the Plan prior to the satisfaction of which shares subject to a Restricted Stock Award or Restricted Stock Unit Award, respectively, remain subject to forfeiture or a repurchase option in favor of the Company upon the Participant’s termination of Service.

  • Securities Acts means the Securities Act of 1933 and the Securities Exchange Act of 1934.

  • Company Restricted Stock Award means each award with respect to a share of restricted Company Common Stock outstanding under any Company Stock Plan that is, at the time of determination, subject to forfeiture or repurchase by the Company.

  • Registration Limitation shall have the meaning set forth in Section 2.01(c)(ii).

  • Transfer Restriction Event shall have the meaning specified in Section 2.11.

  • Period of Restriction means the period during which the transfer of Shares of Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of other events as determined by the Administrator.

  • Company Restricted Share means each restricted share of Company Common Stock outstanding as of the Effective Time granted pursuant to any equity or compensation plan or arrangement of the Company.

  • Private Restrictions means (as they may exist from time to time) any and all covenants, conditions and restrictions, private agreements, easements, and any other recorded documents or instruments affecting the use of the Property, the Building, the Leased Premises, or the Outside Areas.

  • Public-private partnership means an arrangement or agreement, occurring on or after January 1, 2017, between a procurement unit and one or more contractors to provide for a public need through the development or operation of a project in which the contractor or