Deferred Bonus Award definition

Deferred Bonus Award means any Award whose payment has been designated by the Plan Administrator or Committee to be deferred as set forth in Section 5.2.

Deferred Bonus Award means where the Committee has determined that a proportion of an employee’s annual bonus shall be delivered as an Award (or where the employee agrees that a proportion of their annual bonus shall be delivered as an Award), following the determination of such annual bonus;

Deferred Bonus Award means an Award, the principal purpose of which is to defer receipt of a bonus that reflects performance before its grant;

Examples of Deferred Bonus Award in a sentence

• To the extent that the Company (or, if applicable, the Trustee) has not exercised its discretion to Vest or preserve all or part of a Deferred Bonus Award, it will lapse on the date the Company (or, if applicable, the Trustee) confirms its decision.

• The Deferred Bonus Award, to the extent that it is preserved, must be preserved until the end of the Deferred Period and will continue to be subject to the Rules.

• The Company may however, at its discretion, Vest, or recommend the Trustee to Vest, as soon as possible, all or part of any Deferred Bonus Award and/or preserve all or part of any Deferred Bonus Award to the extent that it is not Vested immediately.

• A Participant will not be entitled to the Shares the subject of his Deferred Bonus Award to the extent that it lapses.

• A Participant who has been granted a Deferred Bonus Award will be sent, as soon as administratively practicable, a certificate confirming its grant and the terms on which it is granted.

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• An Eligible Executive who has been awarded a Bonus may be granted a Deferred Bonus Award, which may be granted subject to such additional conditions as the Committee may determine or recommend, as the case may be.

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• However, the Company, or the Trustee on the recommendation of the Company, may increase the number of Shares the subject of a Deferred Bonus Award after any dividend has been paid in relation to the Shares.

• A Participant has no voting rights attaching to the Shares the subject of his Deferred Bonus Award during the Deferred Period.

More Definitions of Deferred Bonus Award

Deferred Bonus Award has the meaning set forth in Section 2.8.

Deferred Bonus Award means a right to acquire ContourGlobal Shares granted as a Deferred Bonus Award under the LTIP in the form of a conditional award (including any such option granted after the date of this letter);

Deferred Bonus Award means a right to receive Shares automatically at no cost granted pursuant to Schedule 2 ;

Deferred Bonus Award means an Award granted under the Plan which is designated by the Board as a deferred bonus award at the Grant Date and which relates to the deferral of a portion of any Bonus;

Deferred Bonus Award means an Award that represents a Deferred Bonus;