Examples of Forest City REIT in a sentence
Neither the adoption of the Plan by the Board nor any submission of the Plan to shareholders of Forest City Enterprises, Inc., the Company or Forest City REIT for approval shall be construed as creating any limitations on the power of the Company, the Board or the Committee to adopt such other incentive arrangements as any of them may deem desirable, including, without limitation, cash or equity-based compensation arrangements, either tied to performance or otherwise.
The Committee may delegate to the CEO, the SVP-HR or other senior officers or senior managers of the Company or Forest City REIT, subject to such terms as the Committee shall determine, authority to administer all or any portion of the Plan, or the authority to perform certain functions, including administrative functions.
Notwithstanding the foregoing, and to the extent required by the Committee charter or the applicable exchange listing standards, the Committee shall retain exclusive authority to establish Award Opportunities and determine payouts for any Board-appointed officers of Forest City REIT who are designated by the Board as “Section 16 officers”.
A bidder may not at any time directly or indirectly communicate with the media in relation to this RFP or any contract awarded pursuant to this RFP without first obtaining the written permission of PFHT Contact.
An Election Agreement that is timely delivered to the Committee shall be effective for the succeeding Year and, except as otherwise specified by an Eligible Employee in his or her Election Agreement, shall continue to be effective from Year to Year until revoked or modified by written notice to the Committee or until terminated automatically upon either the termination of the Plan, Forest City REIT becoming Insolvent or the Eligible Employee’s termination of employment.
At or after the Effective Time, Forest City REIT shall file (i) an appropriate report on Form 8-K describing the Merger and (ii) appropriate amendments to any Registration Statements of FCE Ohio on Form S-3 and Form S-8.
From and after the Effective Time, Forest City REIT shall have all amendment and administrative authority with respect to such Plans, awards, and agreements to the extent that FCE Ohio had such authority immediately prior to the Effective Time.
The Company reserves the right to amend or terminate the Plan at any time and if the amendment or termination impacts an officer of Forest City REIT who is subject to the provisions of Section 16 of the Securities Exchange Act of 1934, as amended, then the action must also be authorized by the Board or the Compensation Committee of the Board.EXECUTED as of December 31, 2015.
At the Effective Time, FCE Ohio’s obligations with respect to any dividends or other distributions to the stockholders of FCE Ohio that have been declared by FCE Ohio but not paid prior to the Effective Time will be assumed by Forest City REIT in accordance with the terms thereof.