PSP Award definition

PSP Award means any award granted in 2017 under the Worldpay Group plc Performance Share Plan and which is subsisting, in accordance with its terms, immediately prior to the Effective Date;
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PSP Award has the meaning set forth in Section 5.1 hereof.
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PSP Award means an Award granted pursuant to the DIP and designated as a performance share award;
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Examples of PSP Award in a sentence

  • Any 2017 Performance Assessed Rollover PSP Award held by a Bad Leaver shall lapse and cease to be exercisable in its entirety.

  • Any part of the 2017 PSP Award that is not capable of vesting as a result of this assessment will immediately lapse.

  • Any part of a 2016 PSP Award that is not capable of vesting as a result of this assessment, will immediately lapse.

  • Any 2016 Rollover PSP Award held by a Bad Leaver will lapse and cease to be exercisable in its entirety.

  • The PSP Award or the interests or rights therein may not be transferred in any manner other than by will or by the laws of descent and distribution, and may not be assigned, hypothecated or otherwise pledged and shall not be subject to execution, attachment or similar process.

  • The PSP Award shall become payable to the extent the Performance Goals are attained, as determined by the Committee in accordance with the provisions of the 2012 Plan and the terms of this Agreement, subject to Section 3(b) below.

  • The PSP Award, the vesting of the PSP Award and any payment of the PSP Award are subject to, and shall be administered in accordance with, the provisions of this Agreement, as the same may be amended from time to time.

  • Unless and until the PSP Award becomes payable in the manner set forth in Section 4 hereof, the Participant shall have no right to payment of the PSP Award.

  • Subject to the terms of the 2012 Plan and this Agreement, any PSP Award that becomes payable in accordance with this Agreement shall be made in whole shares of Common Stock, which shall be issued in book-entry form, registered in the Participant’s name.

  • The Committee, in its sole discretion, shall have the authority to determine, establish and adjust Performance Cycles, establish the applicable Performance Goals, adjust the applicable Performance Goals, certify the attainment of Performance Goals, and determine whether the PSP Award is intended to qualify as Qualified Performance Based-Compensation pursuant to the terms of the 2012 Plan.

Related to PSP Award

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.