CSP Award definition

CSP Award means any award granted under the Worldpay Group plc Conditional Share Plan and which is subsisting, in accordance with its terms, immediately prior to the Effective Date; DBSP Award means any award granted on 20 March 2017 under the Worldpay Group plc Deferred Bonus Share Plan and which is subsisting, in accordance with its terms, immediately prior to the Effective Date; Effective means:
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Examples of CSP Award in a sentence

  • Your Rollover CSP Award will vest on [•]1 (the "Vesting Date"), subject to the leaver provisions set out at Q3 and the rules of the CSP.

  • Worldpay employees who were granted CSP Awards as part of their recruitment package, and who continue to hold such CSP Awards as at the Effective Date will receive an award in respect of Vantiv Stock in exchange for their CSP Awards (each a "New Xxxxxx Rollover CSP Award") on the following terms.

  • We set out below an example of how the formula will be applied.Illustrative Example Mr Smith is the holder of a New Joiner CSP Award over 9,800 Worldpay Shares.

  • If you leave Worldpay before your Rollover New Joiner CSP Award vests, depending on your reason for leaving, your Rollover New Joiner CSP Award may lapse or you may be allowed to keep it.

  • Depending on your reason for leaving, your New Joiner CSP Award may lapse or you may be allowed to keep all or part of it.

  • As a result of the Merger and in accordance with the rules of the CSP, the Worldpay Remuneration Committee in agreement with the compensation committee of the board of directors of Vantiv (the Vantiv Compensation Committee) has decided that all New Joiner CSP Awards will automatically be exchanged for equivalent awards in respect of Vantiv Shares (each a Rollover New Joiner CSP Award).

  • Any New Xxxxxx Rollover CSP Award held by a Bad Leaver will lapse and cease to be exercisable in its entirety.

  • No, we do not anticipate any tax or social security contributions arising at the time of the exchange, but (as with your original New Joiner CSP Award) your Rollover New Joiner CSP Award may be subject to tax and social security contributions when it vests.

  • If you leave Worldpay on/after the Effective Date but before your Rollover New Joiner CSP Award vests, depending on your reason for leaving, your Rollover New Joiner CSP Award may lapse or you may be allowed to keep it.

  • The New Joiner CSP Award was granted to him in March 2017 and in the ordinary course will vest in March 2020.

Related to CSP Award

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • PSU means Public Sector Undertaking

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Cash Award means an award denominated in cash.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Final Award means, in the context of this Request for Proposals and all its attendant documents, that point at which the final required signature on the contract(s) resulting from the procurement has been affixed to the contract(s) thus making it fully executed.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • 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;

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.