Eligible Equity Award means an Equity Award that is not part of the Executive’s Annual Bonus but constitutes a component of a given year’s annual compensation package for the Executive, other than any grants of LTIP Units (as defined in the 2011 Incentive Compensation Plan), any grants designated by the Company as “founders’ grants”, or any isolated, one-off or non-recurring grant outside of the Executive’s annual compensation package. If, however, a grant of an equity-based award is made and is intended to serve as an equity-based award providing compensation for more than one year (e.g. a mega-grant intended to serve in lieu of equity-based awards in subsequent years), then a pro-rata portion (based upon the number of years for which the award is made) of the award shall be treated as an Eligible Equity Award in each of the years for which the award is made.
Eligible Equity Award means a restricted stock unit or performance stock unit granted to a Participant under the Stock Plan on or after the date the Participant is selected by the Committee to participate in the Vesting Program.
Eligible Equity Award means an award of TRSUs, PRSUs or Options granted to a Participant under the Stock Plan on or after the date the Participant is selected by the Committee to participate in the Vesting Program.
Examples of Eligible Equity Award in a sentence
Any Eligible Equity Award that is an option to purchase Shares and that vests in accordance with Section 6.1 shall remain outstanding and may be exercised until the earlier of the third anniversary of the date of termination and the original maximum term of the option contained in the applicable award agreement.
More Definitions of Eligible Equity Award
Eligible Equity Award means an equity award granted under the Company’s equity incentive plans that was granted on or prior to December 31, 2022; provided that if such equity award is subject to any performance conditions, such award shall only be deemed an Eligible Equity Award if such award was granted at least 24 months prior to the date of the Participant’s termination of employment.
Eligible Equity Award means all outstanding and unvested equity awards granted under the Company’s equity incentive plans that are held by Executive as of the effective date of a Change in Control.
Eligible Equity Award means an award of Restricted Stock Units or Restricted Stock made, or to be made, under a Company Equity Plan, and such other awards as may be designated as Eligible Equity Awards by the Committee in its sole discretion.
Eligible Equity Award means an equity award granted under the Equity Plan that is eligible for deferral under the terms of the Program as set forth in Paragraph 4(b).
Eligible Equity Award means an award of Deferred Shares, Restricted Stock or Stock Options made, or to be made, under a Company Equity Plan, and such other awards as may be determined by the Committee in its sole discretion.