Examples of Deferred Share in a sentence
If Grantee dies or becomes Permanently Disabled during the period that Grantee is deemed to be in the continuous employ of the Company or a Subsidiary pursuant to Section 2(c) or 2(d), then the Deferred Share Equivalents covered by this Agreement and any related Dividend 1 Insert applicable length of vesting period as determined by the Committee that is not less than one year but no greater than five years.
The Company may, in its sole discretion, decide to deliver any documents related to the Deferred Share Equivalents by electronic means.
Xxxxxxx’s right to receive a cash payment in respect of the Deferred Share Equivalents covered by this Agreement and any related Dividend Equivalents then accumulated will immediately become nonforfeitable if Grantee dies or becomes Permanently Disabled (as defined below) while in the employ of the Company or any Subsidiary.
In the event that Xxxxxxx intentionally commits an act that the Committee determines to be materially adverse to the interests of the Company or a Subsidiary, Xxxxxxx’s right to receive a cash payment with respect to the Deferred Share Equivalents covered by this Agreement and any related Dividend Equivalents then accumulated will be forfeited at the time of that determination notwithstanding any other provision of this Agreement to the contrary.
Any purported transfer in violation of this Section 7 shall be null and void, and the purported transferee shall obtain no rights with respect to such Deferred Share Equivalents.