Examples of Post-2000 Award in a sentence
In addition, the Committee may, in its sole discretion, determine that alternative forfeiture provisions will apply with respect to any Post-2000 Award invested in Options which shall be reflected in the applicable option award agreements.
A Participant may elect to defer receipt of Holding Units, or distribution of Accounts, deliverable to the Participant under a Post-2000 Award in connection with the vesting of such Post-2000 Award.
A Participant to whom a Post-2000 Award is made shall, reasonably promptly after either the vesting of Restricted Units subject to a Post-2000 Award or the determination of the Grant Value for the relevant year as described in Section 4(a) above, be provided with a statement indicating the number of Restricted Units subject to such Award, subject to and pursuant to the terms of the Plan and the applicable Award Agreement.
In the event of a Participant’s Termination of Employment due to death or Disability, the unvested portion of any Post-2000 Award held by such Participant shall immediately vest.
Upon determination of the Grant Value for each relevant year, that portion of each Post-2000 Award for such year for which an Investment Election has been validly made to invest in Restricted Units shall be denominated, and shall thereafter be treated for all purposes as, a grant of that number of Restricted Units equal to the quotient of the original cash-denominated amount of such portion of such Award, divided by the Grant Value for such Award, rounded down to the nearest integer.
Except as otherwise provided below, each such Award shall be treated hereunder as a Post-2000 Award.
Each Participant shall submit, in accordance with deadlines and procedures established from time to time by the Committee, an Investment Election Form with respect to each Post-2000 Award.
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That portion of each Post-2000 Award for which an Investment Election Form has been validly submitted to invest in Approved Funds shall be credited to a separate Account as of the Effective Date of the Award.
Such Investment Election Form shall designate that percentage of such Participant’s Post-2000 Award which shall be treated for purposes of the Plan as invested or notionally invested in (i) Holding Units or (ii) each of the Approved Funds; provided, that the Committee may determine for each calendar year a minimum percentage of each Post-2000 Award that must be treated as invested in Holding Units.