Cash Retention Award or “Other Cash Retention Award” has the meaning set forth in Section 3.6.

Cash Retention Award shall have the meaning ascribed to such term in Section 4.9(a) hereof.

Cash Retention Award as of the Effective Date, which will continue to be subject to the same (remaining) vesting schedule as the SHLD Restricted Stock Award it replaces. Equivalent value with respect to the forfeited portion of the SHLD Restricted Stock Award constituted by SHLD Common Stock will be determined based upon the market closing price of SHLD Common Stock on the day before the Effective Date during regular trading hours. That closing price will be multiplied by the number of forfeited shares (rounded down to the nearest whole share) for each award to arrive at the dollar value of the Cash Retention Award.

Examples of Cash Retention Award in a sentence

For avoidance of doubt, the Retention Awards are in addition to, and not in lieu of, any benefits that may become payable under the Severance and CIC Agreement; provided that the Cash Retention Award shall not be treated as a cash bonus or cash incentive compensation payment for purposes of the Severance and CIC Agreement and shall be expressly excluded from the calculation of any Bonus Increment or Compensation (each, as defined under the Severance and CIC Agreement).
Notwithstanding the foregoing vesting schedule, except as set forth in clause (b) below, vesting and any right to future payment of the Cash Retention Award and/or vesting of the Equity Retention Award shall terminate upon the Participant’s termination of employment for any reason prior to the Vesting Date and Participant shall forfeit and have no further right or interest in the Retention Awards.
Participant Acknowledgements: By your signature below or by electronic acceptance or authentication in a form authorized by the Company, you understand and agree that: • The Cash Retention Award is governed by this Agreement, and the Equity Retention Award is governed by this Agreement, the Plan and applicable award agreement thereunder.
Any portion of the Cash Retention Award that becomes vested in accordance with the terms set forth in this Agreement shall be payable to Participant, in cash, net of applicable withholding taxes, within thirty (30) days after the vesting date.

More Definitions of Cash Retention Award

Cash Retention Award means the portion of a Participant’s Retention Award denominated by, and payable in, cash, which shall equal a multiple of such Participant’s Base Salary, as set forth in such Participant’s Award Letter.

Cash Retention Award and has granted you an award of restricted stock units pursuant to the Company’s 2018 Equity Incentive Plan (the “Plan”) and the applicable form of award agreement thereunder (the “Equity Retention Award”). Your Cash Retention Award and Equity Retention Award (collectively, the “Retention Awards”) are subject to all of the terms and conditions as set forth in this Retention Compensation Agreement (this “Agreement”). Participant: [____________] Date of Grant: February 27, 2024 Cash Retention Award: USD$[ ] Equity Retention Award (# of RSUs): [____] Vesting Date: June 30, 2025 Vesting Schedule: Except as set forth below, the Retention Awards shall vest on the Vesting Date.

Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.
Cash Award means an award denominated in cash.
Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).
Performance Award means any right granted under Section 6(d) of the Plan.
Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.