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.

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.

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.

Examples of Conversion Award in a sentence

• The Committee shall administer all such 1998 Conversion Awards under this Plan, giving service credit to the grantee of each such 1998 Conversion Award to the extent required under the Allocation Agreement.

• Each share of Common Stock subject to an Award (including any Conversion Award) counts against the Maximum Share Limit as one share of Common Stock.

• If any Award (including any Conversion Award) expires, is canceled, forfeited, cash-settled, exchanged or assumed by a third party or terminates for any other reason, in each case without a distribution of shares of Common Stock to the Participant, each share of Common Stock available under that Award shall be added back to the Maximum Share Limit.

• If any Award (including any Conversion Award) expires, is canceled, or terminates for any other reason, the shares of Common Stock available under that Award will again be available for the granting of new Awards.

• 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.

More Definitions of Conversion Award

Conversion Award means an Award granted pursuant to Section 11 of the Plan.

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.

Conversion Award has the meaning given in Section 7.1(c).

Conversion Award has the meaning set forth in Section 4(b)(xii) of the Plan.

Conversion Award means an Award granted under Section 13.

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:

Conversion Award an award of an Option to reflect the effect of the Distribution on Culbro Options held immediately prior to the Distribution in accordance with Section 2.5.