Employee Incentive Plans definition
Examples of Employee Incentive Plans in a sentence
SteelCo and USX shall take all actions necessary so that SteelCo has established, amended and/or assumed at or prior to the Separation Effective Time such Employee Incentive Plans and Employee Arrangements as the parties deem necessary and appropriate.
The Company has also agreed to issue the following securities to certain key employees of the Company (or their nominees) under the Company’s Employee Incentive Plans, subject to obtaining shareholder approval at a general meeting.
After such repurchase of interests, ▇▇▇▇▇▇ ▇▇▇▇ will hold the repurchased interests as reserve for future awards to eligible employees of the Company and relevant personnel, and thus be used for continued operation of the Employee Incentive Plans.
Considering the above, the Board considers that the provision of the Loan by the Group will assist the smooth implementation and maintenance of the operation of the Employee Incentive Plans, and in turn further the objectives of the Employee Incentive Plans, including using the ESOP Platforms as vehicles to recognize the contributions of the Company’s employees and to incentivize them to further promote the Company’s development.
As the ESOP Platforms have no funding, the loan is provided by the Company to ▇▇▇▇▇▇ ▇▇▇▇ to repurchase interests in the ESOP Platforms from exiting participants of the Employee Incentive Plans in accordance with the relevant terms of the Employee Incentive Plans.
The Sellers acknowledge that awards granted before Completion under each of the Telefonica Employee Incentive Plans other than the Share in Success Plan, to employees or Workers of any member of the Telefonica Target Group ("Telefonica Awards") will vest on Completion in accordance with the rules of the relevant plan.
A employee required to attend for jury service during the employee's ordinary working hours shall be reimbursed by the Society an amount equal to the difference between the amount in respect of the employee's attendance for such jury service and the amount of wage the employee would have received in respect of the ordinary time the employee would have worked had the employee not been on jury service.