Company Action Vesting Portion definition

Company Action Vesting Portion is determined as of the date of termination of employment and shall be the portion of the Option computed as follows (but not less than zero): Company Action Vesting Portion = N x M/D - E where: N = the number of shares originally subject to the Option, M = the number of complete months elapsed since the Grant Date, D = the number of complete months between the Grant Date and the date on which the Option was originally scheduled to become completely exercisable, and E = the number of Shares covered by the Option for which the Option has already become exercisable (regardless of whether the Option has been exercised with respect to such Shares). If your employment terminates under circumstances constituting both a Company Action and Retirement, the Company Action Vesting Portion shall become exercisable on the termination date and, together with any portion of the Option which was already exercisable, shall remain exercisable until the Expiration Date.
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Company Action Vesting Portion is determined as of the date of termination of employment and shall be the portion of the Option computed as follows (but not less than zero):
Sample 1
Company Action Vesting Portion is a whole number of Restricted Stock Units determined as of the date of termination of employment as follows (but not less than zero, and with any fractional portion of a Restricted Stock Unit being ignored): Company Action Vesting Portion = N x Y/4 where: N = the number of Restricted Stock Units originally subject to this award, and Y = the number of complete years elapsed since the Grant Date.]
Sample 1

Examples of Company Action Vesting Portion in a sentence

  • If your employment terminates under circumstances constituting both a Company Action and Retirement, the Company Action Vesting Portion shall become exercisable on the termination date and, together with any portion of the Option which was already exercisable, shall remain exercisable until the Expiration Date.

  • A significant component of these assessments is the monitoring plan that is proposed to be carried out during construction and operation.

  • Unless otherwise provided in the applicable Award Agreement, if a Participant's employment terminates by reason of a Company Action, then the Company Action Vesting Portion of any Option held by that Participant shall not be forfeited and canceled and instead shall become immediately exercisable upon termination until the earlier of ninety days following termination of employment and the original expiration date of the Option.

  • The Company Action Vesting Portion shall be determined by multiplying the number of shares of this Option by a fraction, the numerator of which shall be equal to the completed months since the date of the grant, and the denominator of which shall be equal to the number of completed months in the vesting period of this Option, and by subtracting from this product the number of shares of this Option that were previously exercised, if any.

  • Unless otherwise provided in the applicable Award Agreement, if a Participant’s employment terminates by reason of a Company Action, then the Company Action Vesting Portion of any Option held by that Participant shall not be forfeited and canceled and instead shall become immediately exercisable upon termination until the earlier of ninety days following termination of employment and the original expiration date of the Option.

  • Integration Algorithm MTE RMS AmplitudeTable 1: Error assessment measures for RTHS with various integration algorithms.Table 1 shows that the averaged values fail to fully capture the effects of large local errors.

Related to Company Action Vesting Portion

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Vesting Commencement Date means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  • Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.

  • Unvested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • Post-Change Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the second anniversary of the occurrence of such Change in Control.

  • Vesting Event means the earliest to occur of the following events:

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Award Statement means a written statement that reflects certain Award terms.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Closed portion means that portion of a facility which an owner or operator has closed in accordance with the approved facility closure plan and all applicable closure requirements. (See also “active portion” and “inactive portion”.)

  • 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.

  • Restriction Period means any period designated by the Committee during which (i) the Common Stock subject to a Restricted Stock Award may not be sold, transferred, assigned, pledged, hypothecated or otherwise encumbered or disposed of, except as provided in this Plan or the Agreement relating to such award, or (ii) the conditions to vesting applicable to a Restricted Stock Unit Award shall remain in effect.

  • 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.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Total Stockholder Return means the total return (change in share price plus reinvestment of any dividends) of a Share.