Examples of Conditional Share Award in a sentence
No adjustment shall be made to the Award Price which would result in the Plan Shares subject to an Option or Conditional Share Award being issued at a price per Plan Share lower than the nominal value of a Plan Share except where the Grantor puts in place arrangements to pay up the nominal value at the date of issue of the Plan Shares (or the difference between the adjusted Award Price and the nominal value as the case may be).
Awards made to members of the Board are subject to a two-year holding period post vesting.In 2017, the Group established a Conditional Share Award Plan (CSAP) under which senior employees receive awards of shares subject only to service conditions, i.e. the requirement for participants to remain in employment with the Group over the vesting period.
The Rules shall be interpreted accordingly.A Conditional Share Award shall be settled as soon as practicable upon Vesting and in no event later than 2.5 calendar months after the end of the Taxable Year in which the Conditional Share Award is no longer subject to a substantial risk of forfeiture (as that term is defined for the purposes of section 409A of the US Internal Revenue Code).
Instead of arranging for the issue or transfer of the Holding Period Shares to the Award Holder on Vesting of a Conditional Share Award or exercise of an Option under Rule 8.78.7, the Board may arrange for the Holding hee(Sta heePeriod Shares to be issued or transferred to the Holding Period Holder, as designated by the Board, to be held+Hofor the benefit of the Award Holder.
An Award Holder shall not be required to make any payment on the granting of a Share Element award, the exercise of an Option or the Vesting of a Conditional Share Award other than such amount that may be required to pay the nominal value of the relevant Scheme Shares.
The Board may, at its discretion, determine that an Option may not be exercised and/or the Plan Shares subject to a Conditional Share Award and/or the Plan Shares the subject of an Award comprising Restricted Shares may not be issued or transferred to the Award Holder (or for his benefit) unless the Award Holder has beforehand signed an election under Chapter 2 of Part 7 of ITEPA 2003 and/or section 165 of the Taxation of Chargeable Gains Act 1992 or entered into broadly similar local arrangements.
In the event of a Reorganisation, the number of Scheme Shares subject to a Share Element award which is an Option or a Conditional Share Award, the description of the Scheme Shares, the Award Price, or any one or more of these, shall be adjusted in such manner as the Grantor, together with the Committee where relevant, shall determine.
Systemic laboratory bias and analytical precision and accuracy are evaluated internally by the EPA Region 7 laboratory or contract laboratory services.
A Conditional Share Award shall be settled as soon as practicable upon Vesting and in no event later than 2.5 calendar months after the end of the Taxable Year in which the Conditional Share Award is no longer subject to a substantial risk of forfeiture (as that term is defined for purposes of section 409A of the US Internal Revenue Code).
Any Conditional Share Award will not be capable of vesting and will lapse unless the participant has, within the period of 30 days beginning with the date of grant (or such longer period as the Board may specify), signed the Conditional Share Award certificate and any other documents required by the Board and returned these to the Company (or otherwise indicated acceptance thereof in a form reasonably acceptable to the Board).