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.
Sample 1Sample 2Sample 3
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;
Sample 1Sample 2Sample 3
Deferred Bonus Award means an Award, the principal purpose of which is to defer receipt of a bonus that reflects performance before its grant;
Sample 1Sample 2

Examples of Deferred Bonus Award in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

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

  • If, before the end of the Deferred Period, a Participant gives or is given notice to leave Employment or ceases to be in Employment without any notice having been given in any circumstances other than the ones referred to in Rule 5.2, Rule 5.3 or Rule 5.4, his Deferred Bonus Award will lapse on that date, unless the Company or the Trustee (as the case may be) decides otherwise.

  • 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 rights of ownership, beneficial or otherwise, in respect of the Shares the subject of his Deferred Bonus Award.

  • 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.

  • If, subsequent to the grant of a Deferred Bonus Award, facts become known to the Committee which, in the absolute discretion of the Committee, would justify a reduction in the number of Shares under the Deferred Bonus Award, the Committee shall have the discretion to reduce the number of Shares under the Deferred Bonus Award to take account of this.


More Definitions of Deferred Bonus Award

Deferred Bonus Award means an Award that represents a Deferred Bonus;
Sample 1
Deferred Bonus Award means a right to receive Shares automatically at no cost granted pursuant to Schedule 2 ;
Sample 1
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;
Sample 1
Deferred Bonus Award has the meaning set forth in Section 2.8.
Sample 1
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);
Sample 1

Related to Deferred Bonus Award

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

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • 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.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

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

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

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

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

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

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • 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;

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

  • Cash Award means an award denominated in cash.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Stock Bonus Award means an Award granted under Section 10 of this 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 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 Award means any right granted under Section 6(d) of the Plan.

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • 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.

  • Deferred Share Unit or “DSU” 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 7;