Conversion Award definition

Conversion Award means an Award granted under Section 6(j) hereof in substitution for a similar award as a result of certain business transactions.
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Conversion Award means an Award issued by the Company in assumption of, or in substitution or exchange for, awards previously granted by an entity acquired by the Company or any Subsidiary.
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Conversion Award means an Award granted pursuant to Section 11 of the Plan.
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Examples of Conversion Award in a sentence

  • Issuance of a Conversion Award shall be conditioned upon the execution of an appropriate release by the Choice Employee to whom the Conversion Award is conveyed, which release shall acknowledge that such Choice Employee's options to purchase Manor Care Common Stock are cancelled in consideration of receipt of the Conversion Award.

  • For purposes of determining the adjusted option price of a Conversion Award replacing a Manor Care Stock Option, the following formula shall be used to maintain the grantee's Aggregate Spread on each outstanding grant of Manor Care Stock Options.

  • On the Distribution Date, each grantee of a Manor Care Stock Option awarded as an incentive stock option who is a Choice Employee shall automatically receive in its place a Conversion Award of an option to purchase shares of Choice Common Stock equal in number to the number of shares covered by the Manor Care Stock Option, adjusted, however, pursuant to Section 2.04(f)(iv) below.

  • The Aggregate Spread on each such outstanding grant shall be maintained by setting the adjusted option price to ensure that the difference between (1) the aggregate total Post-Conversion Stock Price for each Conversion Award of an option to acquire Manor Care Common Stock or Choice Common Stock, as the case may be, and (2) the aggregate adjusted option exercise price for each such Conversion Award, is equal to (3) the Aggregate Spread.

  • Subject to the provisions of Section 2.04(f)(v) and (vi), below, on the Distribution Date, each grantee of a nonqualified award of a Manor Care Stock Option who is a Retained Employee or Terminee shall receive for each such award a Conversion Award, consisting of an option to purchase shares of Manor Care Common Stock equal in number to the number of shares covered by the Manor Care Stock Option, adjusted, however, pursuant to Section 2.04(f)(iv), below.


More Definitions of Conversion Award

Conversion Award an award of Common Stock or of an option to acquire Common Stock made to a Choice Individual or a Retained Individual to reflect the effect of the Distribution on awards of Manor Care Common Stock or Manor Care Stock Options held on the Cut-off Date, in accordance with Section 2.04.
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Conversion Award means a one-time Award made to a Director in lieu of benefits earned by that Director under the Xcel Energy Inc. Retirement Plan for Non-Employee Directors, pursuant to an election described in Section 1.5 hereof.
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Conversion Award has the meaning set forth in Section 4(b)(xii) of the Plan.
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Conversion Award has the meaning given in Section 7.1(c).
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Conversion Award means an Award granted under Section 13.
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Conversion Award means an Award granted pursuant to Section 15 of the Plan.
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Conversion Award an award of Common Stock or of an option to ---------------- acquire Common Stock made to a Choice Individual or a Retained Individual to reflect the effect of the Distribution on awards of Sunburst Common Stock or Sunburst Stock Options held on the Cut-off Date, in accordance with Section 2.04. Current Plan Year: the plan year or fiscal year, to the extent ----------------- applicable with respect to any Plan, during which the Distribution occurs. Cut-off Date: the date immediately preceding the Distribution Date. ------------ Distribution Agreement: the agreement described in the first ---------------------- recital of this Agreement. Distribution Date: the date on which the Distribution occurs. ----------------- Employee: an individual who on the Distribution Date, is identified -------- as being in any of the following categories:
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