New Hire Grant definition

New Hire Grant means any “initial” or “sign-on” Parent Award granted to any Parent Employee or SpinCo Employee (other than any Former Parent Employee (including, for the avoidance of doubt, any Former SpinCo Employee)) granted by Parent on or following September 1, 2021 in connection with such applicable Parent Employee’s or SpinCo Employee’s external new hire into an executive role with Parent or SpinCo, as applicable.
Sample 1Sample 2
New Hire Grant means any “initial” or “sign-on” BHC Award granted to any BHC Employee or B+L Employee (other than any Former BHC Employee (including any Former Solta Employee) or Former B+L Employee, respectively) granted by BHC on or following September 1, 2021 in connection with such applicable BHC Employee’s or B+L Employee’s external new hire into an executive role with BHC or B+L, as applicable;
Sample 1Sample 2
New Hire Grant means an initial grant of Performance Units to the Participant following the start of the Performance Period, in connection with being newly hired to the ICS Business Unit.
Sample 1Sample 2

Examples of New Hire Grant in a sentence

  • In addition, on or prior to the Date of Termination, Executive will become fully vested in any unvested shares or options granted as part of the New Hire Grant.

  • The shares of restricted stock and stock options granted in this Section 5(e) are referred to herein as the New Hire Grant.

  • Such New Hire Grant shall be subject to a vesting schedule whereby 25% of the award will vest after completion of 12 full months of service and an additional 25% will vest on each subsequent anniversary of the date of employment, subject to the terms and conditions of the 2008 Stock Option and Incentive Plan of the Company.

  • Assumptions used in calculating these amounts are described in Note 15 to our audited financial statements in our Form 10-K for the year ended December 31, 2021, filed with the SEC.(a) New Hire Grant of RSUs. The grant of RSUs to Ms. Gill in 2021 represented a one-time new hire equity grant.

  • If the Termination Date is on or before January 31, 2010, and the Executive has not received the 2010 Grant but has received the Initial New Hire Grant, Executive shall be entitled to receive a payment of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000.00) payable in either stock or cash at the discretion of the Company.

  • The New Hire Grant will include a mix of fifty percent (50%) performance-based stock options with the same performance targets as the 2019 Target LTI award, and fifty percent (50%) full value awards subject to ratable time-based vesting over four years.

  • The architecting process starts with analysing activities in the defined norm categories.

  • IN NO EVENT SHALL COMPANY BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT, EXEMPLARY OR CONSEQUENTIAL DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, LOST OF BUSINESS OR OF OPPORTUNITY, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION AND DATA, OR ANY OTHER PECUNIARY LOSS) ARISING OUT OF THE USE OF OR INABILITY TO USE THE SERVICES, EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, OR FOR ANY CLAIM BY ANY THIRD PARTY.

  • Your base salary and On Target Bonus for any year will be referred to in this letter as your "Total Cash Compensation." (b) You will be granted an option to purchase 2,450,000 shares of common stock under the Company's Incentive Stock Plan (the "New Hire Grant"), subject to the terms of the Plan and approval of the Stock Option Committee.

  • The New Hire Grant will vest with respect to 25% of the shares subject to the option on the first anniversary of the date of grant and, with respect to the balance of the shares subject to the option, in 12 equal quarterly installments over the three- year period thereafter.

Related to New Hire Grant

  • Sub-grant means a grant made or proposed to be made by the Recipient to a Beneficiary out of the proceeds of the Financing for the purpose of financing a Subproject; and “Sub-grants” means more than one such Sub-grant.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • DSU means the Understanding on Rules and Procedures Governing the Settlement of Disputes contained in Annex 2 of the WTO Agreement;

  • PSU means Public Sector Undertaking

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Date of Award means the date this Contract is fully executed.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Award Letter means the letter from the Customer to the Supplier printed above these terms and conditions;

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.