Prior Awards definition

Prior Awards means awards, if any, made to you under the 2012 Rayonier Performance Share Award Program, 2013 Rayonier Performance Share Award Program, 2014 Rayonier Advanced Materials Share Award Program and any outstanding awards of options or restricted stock that are unvested as of the date of these Supplemental Terms, other than the 2015 Award.

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Prior Awards means awards, if any, made to you under the 2013 Rayonier Inc. Equity Incentive Award Program, 2014 Rayonier Advanced Materials Equity Incentive Program, 2015 Rayonier Advanced Materials Equity Incentive Program, 2016 Rayonier Advanced Materials Equity Incentive Program, 2017 Rayonier Advanced Materials Equity Incentive Program, 2018 Rayonier Advanced Materials Equity Incentive Program, 2019 Rayonier Advanced Materials Equity Incentive Program, 2020 Rayonier Advanced Materials Equity Incentive Program, 2021 Rayonier Advanced Materials Equity Incentive Program, 2022 Rayonier Advanced Materials Equity Incentive Program, 2023 Rayonier Advanced Materials Equity Incentive Program and any outstanding awards of options or restricted stock that are unvested as of the date of these Supplemental Terms, other than the 2025 Award.

Prior Awards has the meaning set forth in Section 13.

Examples of Prior Awards in a sentence

Specifically, your obligations and the available remedies described under any supplemental terms agreements relating to the Prior Awards will cease to have any effect after the date hereof and the terms hereof shall apply to the Prior Awards and any shares to which such supplemental terms applied.
For the avoidance of doubt, in the event that you have entered into any supplemental terms for the Prior Awards and then forfeit or otherwise become ineligible for the 2026 Award or any Award Shares issued thereunder, your obligations under these Supplemental Terms shall continue in full force and effect with respect to your Prior Awards and any Award Shares issued thereunder, rather than any prior supplemental terms, which are superseded hereby.
I have access to the Plan and have received a copy the terms of the 2026 Award and these Supplemental Terms and hereby acknowledge that, in addition to such remedies as otherwise may be available to the Company, I may be required to return or forfeit the right to receive my Award Shares, including certain Prior Awards under the Plan, should I engage in Detrimental Conduct.
These Supplemental Terms clarify your obligations under Sections 14 and 15 of the Plan for your 2026 Award, shall apply to your Prior Awards and outline remedies available to the Company in the event of breaches or threatened breaches of those obligations, but shall not or be deemed to in any way waive, limit or modify the rights of the Company or the Committee under the Plan.

More Definitions of Prior Awards

Prior Awards means awards, if any, made to you under the 2013 Rayonier Inc. Equity Incentive Award Program, 2014 Rayonier Advanced Materials Equity Incentive Program, 2015 Rayonier Advanced Materials Equity Incentive Program, 2016 Rayonier Advanced Materials Equity Incentive Program, 2017 Rayonier Advanced Materials Equity Incentive Program, 2018 Rayonier Advanced Materials Equity Incentive Program, 2019 Rayonier Advanced Materials Equity Incentive Program and any outstanding awards of options or restricted stock that are unvested as of the date of these Supplemental Terms, other than the 2020 Award.

Prior Awards shall have the meaning as defined in the fifth Recital to this Agreement.

Prior Awards means awards, if any, made to you under the 2013 Rayonier Inc. Equity Incentive Award Program, 2014 Rayonier Advanced Materials Equity Incentive Program, 2015 Rayonier Advanced Materials Equity Incentive Program, 2016 Rayonier Advanced Materials Equity Incentive Program, 2017 Rayonier Advanced Materials Equity Incentive Program, 2018 Rayonier Advanced Materials Equity Incentive Program, 2019 Rayonier Advanced Materials Equity Incentive Program, 2020 Rayonier Advanced Materials Equity Incentive Program, 2021 Rayonier Advanced Materials Equity Incentive Program and any outstanding awards of options or restricted stock that are unvested as of the date of these Supplemental Terms, other than the 2023 Award.

Prior Awards. The Company shall make a lump-sum cash payment to you equal to your base salary, 50 percent (or, if greater, the percentage of your maximum short-term bonus opportunity awarded for the year immediately preceding the year in which your employment terminates) of your maximum short-term bonus opportunity, and 100 percent of your long-term bonus opportunity for the remaining Term of Employment (as the Term of Employment is determined as of the date immediately preceding the date your employment terminates), reduced by any amounts payable to you under any Company-sponsored severance plan, program, policy, contract, account, or arrangement (excluding any amounts payable to you under Company-sponsored deferred compensation plans, such as the ESDP) during the remaining Term of Employment (as the Term of Employment is determined as of the date immediately preceding the date your employment terminates). For this purpose, your base salary shall be based on your base salary rate in effect immediately before your employment terminated; your annual maximum short-term bonus opportunity shall be equal to 200 percent of your annual base salary in effect immediately before your employment terminated; and your annual long-term bonus opportunity shall be equal to 500 percent of your annual base salary in effect immediately before your employment terminated. If your long-term bonus is subject to a performance target, it shall be assumed for this purpose that the target is met;

Prior Awards has the meaning set forth in Section 9.2.

Prior Awards means awards of Options under the Sovereign Holdings, Inc. Management Equity Incentive Plan.

Prior Awards means awards, if any, made to you under the 2011 Performance Share Award Program, 2012 Performance Share Award Program and 2013 Performance Share Award Program and any outstanding awards of options or restricted stock that are unvested as of the date of these Supplemental Terms, other than the 2014 Award.