Deferred Share Award definition

Deferred Share Award means a Conditional Award or an Option;

Deferred Share Award means an award of Deferred Shares under the Plan.

Deferred Share Award means unvested shares of Stock selected by the Committee in its sole discretion and awarded (currently, or on a deferred basis) to the Participant under any stock incentive plan of Hovnanian Enterprises, Inc. or the Company.

Examples of Deferred Share Award in a sentence

• Unless otherwise provided by the Committee, a Participant awarded Deferred Shares shall have no rights as a Company shareholder with respect to such Deferred Shares until such time as the Deferred Share Award has vested and the Shares underlying the Deferred Share Award has been issued.

• In order to better ensure that Award payments actually reflect the performance of the Company and service of the participant, the Committee may provide, in its sole discretion, for a tandem performance-based or other Award designed to guarantee a minimum value, payable in cash or Shares to the recipient of a Deferred Share Award, subject to such performance, future service, deferral and other terms and conditions as may be specified by the Committee.

• The Grantor may impose conditions when granting a Deferred Share Award.

• A Deferred Share Award shall entitle the Participant to receive Stock from the Company in the future in consideration for services performed during the Deferral Period.

• Any condition must be objective, specified at the Award Date and may provide that a Deferred Share Award will lapse if it is not satisfied.

More Definitions of Deferred Share Award

Deferred Share Award means an Award granted pursuant to Article VIII, Section 8.7, of the Plan.

Deferred Share Award means a conditional right to acquire Shares granted under the Plan;

Deferred Share Award means Awards granted pursuant to Section 7.

Deferred Share Award means an Option or an RSU Award granted pursuant to the provisions of the Deferred Share Plan at Schedule 1 to these Rules;

Deferred Share Award means an Award of phantom units to a grantee.

Deferred Share Award means the right to subscribe for Shares at a future date in accordance with Section 8 and the Deferred Share Award Agreement.

Deferred Share Award means an Award (other than a Deferred Bonus Award or a Buy- out) that is not subject to a Performance Condition;