Examples of Credited Amount in a sentence
If a participant has in effect on a Credit Date an Election to Participate specifying the Deferred Cash Investment Account, on that Credit Date, the Credited Amount will be credited to a Deferred Cash Investment Account for the benefit of the participant.
On the last day of each calendar quarter (the "Credit Date"), a participant shall receive a credit to his or her account under the Plan in an amount equal to the participant's Plan Fees earned during that quarter (the "Credited Amount").
If a participant has in effect on a Credit Date an Election to Participate specifying the Deferred Stock Account, on that Credit Date, the Credited Amount will be credited to the Deferred Stock Account for that participant and shall be converted into "IBC Stock Units" which shall be equal in number to the number of shares (rounded to the nearest 100th of a share) determined by dividing the Credited Amount by the Fair Market Value of a share of IBC Common Stock on the Credit Date.
Any Credited Amount remaining in an Eligible Director's account will be carried forward for investment under the terms of the Plan at the next Fixed Credit Date and/or Credited Variable Amount, as the case may be, unless an Eligible Director shall have terminated his or her participation in the Plan in which case such cash balance will be distributed to the terminated Eligible Director.
The Credited Amount in each account as of each Valuation Date will be verified by the Company’s CFO.
The Committee may at any time, and from time to time, amend, alter, or suspend the Plan in whole or in part; provided, however, no such alteration, amendment, or suspension may, without the consent of the Participant to whom any Award has been granted, reduce the Participant’s Credited Amount as of the date of the amendment, or materially adversely affect the Participant’s right to receive a benefit based on that Credited Amount.
The statement will show the number of Performance Share Units awarded to the Participant, the Unit Value of each such Performance Share Unit (with a calculation, in reasonable detail, of the Unit Value), and the Credited Amount in the Participant’s account, all as of the Valuation Date coincident with the end of the fiscal year for which the statement is made.
Any Credited Amount remaining in a participant's account will be carried forward for investment under the terms of the Plan at the next Credit Date, unless a participant shall have terminated his or her participation in the Plan in which case such cash balance will be distributed at the next time shares are to be issued to the participant under this section of the Plan.
Lattice will not receive free 300mm Wafers with respect to any 300mm Wafers purchased by Lattice other than through reduction of the Credited Amount.
Termination as the result of death, “incapacity” (as defined in an Award Agreement) or retirement, the Credited Amount shall be automatically converted, as of the date of such termination of Participant, into Deferred Compensation Shares in accordance with the provisions of Article 6.2 hereof.