Cash Awards definition
Examples of Cash Awards in a sentence
Pursuant to the terms of the plan and award agreements governing the applicable PHX Time-Based Restricted Shares, such termination will result in the vesting, as of such termination, of the Restricted Cash Awards held by such persons.
Payment of the Restricted Cash Awards, amounts in respect of Performance-Based Restricted Shares and any payments required to be made in connection with the aforementioned terminations on the Closing Date shall be subject to the holder thereof timely executing (and not revoking) a general release of claims in the form mutually agreed to by Parent and PHX.
As described in the subsection titled “Treatment of PHX Restricted Shares in the Merger” above, pursuant to the terms of the plan and award agreements governing the applicable PHX Time-Based Restricted Shares, such terminations will result in the vesting as of such termination of the Restricted Cash Awards into which each such person’s PHX Time-Based Restricted Shares were converted.