Examples of Deferred Cash Award in a sentence
Deferred Cash Award PlanTermination for Gross Misconduct or Voluntary ResignationDCAP awards will be forfeited or cancelled on a named executive officer’s termination date if his employment is terminated for gross misconduct.
The submission shall be evaluated as part of the Approach and Methodology.]Form TECH-11.
Mr. Corbat would also be eligible for a payment in the amount of $2,493,680 in the event of a “qualifying termination” under the KEPSP as described below.Cash payments would have been made under the Deferred Cash Award Plan (DCAP) and KEPSP.
Deferred cash awards were paid under the Deferred Cash Award Plan.These awards were accelerated at the time of the Offering.The Rule of 75 was met if an employee’s age plus number of full years of service with Citi, when added together, was equal to at least 75.
Notwithstanding anything contained in the Deferred Cash Award Agreement, the Committee shall have the authority to remove any or all of the conditions imposed on, and restrictions relating to, the Deferred Cash Awards whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the applicable date of grant, such action is appropriate.