Eligible Award definition

Eligible Award means an Award of either cash or shares of Common Stock (“Performance Shares”) as provided in this LTPP established for each Participant within the first 90 days of the Performance Period.
Eligible Award means each Company equity and equity-linked award or any portion thereof that is held by an Eligible Person as of the Termination Date and (i) vests solely based on continued service (including, without limitation, time-based stock options, restricted stock unit awards, performance-based stock options for which the performance criteria has been met as of the Termination Date and performance-based restricted stock unit awards for which the performance criteria has been met as of the Termination Date) or (ii) is a Select Performance-Based Award; provided that any such award described in clause (i) or clause (ii) above with a Vesting Base Date (as defined in the agreement evidencing the award) shall be deemed an Eligible Award only if the Termination Date occurs on or after the Vesting Base Date.
Eligible Award means each Company equity and equity-linked award held by an Eligible Person that as of the Termination Date, pursuant to its terms, vests solely based upon continued service (including, without limitation, each time-based stock option and restricted stock unit award and each performance-based stock option and restricted stock unit award for which the performance criteria has been met as of the Termination Date), provided that any such award with a Vesting Base Date (as defined in the agreement evidencing the award) shall be deemed an Eligible Award only if the Termination Date occurs following the Vesting Base Date.

Examples of Eligible Award in a sentence

  • Upon the Committee’s determination of your Eligible Award, you will immediately forfeit all Performance Shares other than your Eligible Award.

  • To become vested in all or a portion of your Eligible Award, you must satisfy the employment requirements of Section 2(b) below.

  • In all cases, the number of Performance Shares, if any, in your Eligible Award will be rounded up to the nearest whole number of Performance Shares (as necessary).

  • The Compensation Committee shall have the discretion to permit the transfer of Awards; provided, however, that such transfers shall be in accordance with the rules of Form S-8 and provided, further, that such transfers shall not be made for consideration to the Eligible Award Recipient.

  • The portion of your Eligible Award that will vest under the immediately prior sentence shall be determined by multiplying the total number of Performance Shares in your Eligible Award by a fraction, the numerator of which is the total number of calendar days during which you were employed by the Company and its Subsidiaries during the Performance Period and the denominator of which is 1095, rounded up to the nearest whole number of Performance Shares (as necessary).


More Definitions of Eligible Award

Eligible Award means the Incentive Awards and/or LTIP Awards that are eligible for deferral pursuant to the Plan. The Incentive Awards and the LTIP Awards qualify as “performance-based compensation” as such term is defined by Section 409A of the Code and the Treasury regulations promulgated thereunder.
Eligible Award means any award held by Executive as of his date of termination of employment that was granted or assumed by the Company under any LTIP (any such awards granted to Executive prior to the Closing, the “Pre-Closing Awards”; and any such awards granted to Executive thereafter, the “Post-Closing Awards”). In the case of any Eligible Awards that become payable to executive under the LTIPs pursuant to this Section 6(f), payment shall be made by no later than the 15th day of the third month following the end of the year in which such awards become earned based on the achievement of the applicable performance objectives.
Eligible Award means, unless otherwise set forth in an applicable Award Agreement: (i) any outstanding RSU Award or PSU Award granted on or after the effective date of the Original Policy, (ii) solely for purposes of a Qualifying Termination occurring as a result of a Participant’s death or Disability, any outstanding RSU Award granted prior to the effective date of the Original Policy; provided, that, notwithstanding the foregoing, unless otherwise set forth in the applicable Award Agreement, an Award shall cease to be an Eligible Award and shall not be covered by the Policy or eligible for any benefits hereunder if the Participant holding such Award terminates employment for any reason (including due to Qualifying Retirement, death or Disability) within six (6) months following the applicable Grant Date. For clarity, PSUs and RSUs with a Grant Date occurring prior to the effective date of the Original Policy shall not constitute Eligible Awards for purposes of any Qualifying Retirement hereunder.
Eligible Award means each Award of RSUs and PSUs held by a Retirement Eligible Employee that was granted on or after the Effective Date and at least six months prior to the applicable Retirement Date. For the purposes of the foregoing definition, if the Retirement Eligible Employee has provided
Eligible Award means an award of Restricted Stock made, or to be made, under the Equity Plan.
Eligible Award means, unless otherwise set forth in an applicable Award Agreement, any PSU or RSU granted on or after the Effective Date; provided, that, notwithstanding the foregoing, unless otherwise set forth in the applicable Award Agreement, an Award shall cease to be an Eligible Award and shall not be covered by the Retirement Policy or
Eligible Award means any award held by Executive as of her date of termination of employment that was granted or assumed by the Company under any LTIP (any such awards granted to Executive prior to the Closing, the “Pre-Closing Awards”; and any such awards granted to Executive thereafter, the “Post-Closing Awards”).