PSP Awards definition

PSP Awards means any award granted in 2016 under the Worldpay Group plc Performance Share Plan and which is subsisting, in accordance with its terms, immediately prior to the Effective Date;

PSP Awards means conditional share awards over RSA Shares granted to employees and former employees of the RSA Group under the PSP;

PSP Awards means the conditional awards granted under the PSP;

Examples of PSP Awards in a sentence

• Notwithstanding the foregoing, if there is a Change in Control that meets the requirements of a change in control event under Section 409A, all outstanding PSP Awards will vest at 100% of the Initial PSU Grant target (or 100% of the PSP Target if the Change in Control occurs prior to the Initial PSU Grant) including dividends that would have accumulated since the initial PSU grant on the vested units, and shall be paid in shares of Common Stock at the time of such Change in Control.

• If there is a Change in Control event that does not meet the requirements of a change in control event under Section 409A, all outstanding PSP Awards will be settled according to the terms and conditions set forth herein, without the application Article 17 of the 2014 Plan.

• If there is a Change in Control event that does not meet the requirements of a change in control event under Section 409A, all outstanding PSP Awards will be settled according to the terms and conditions set forth herein, without the application Article 17 of the 2019 Plan.

• No discretion shall be applied to increase the extent to which this 1/3 of the 2017 PSP Awards will be capable of vesting once performance has been assessed save that the number of shares that will be capable of vesting for these purposes will also include a number in respect of any dividend equivalents accrued in accordance with the rules of the PSP.

• At the time when the share options are exercised, the amount previously recognised in employee share-based compensation reserve will be transferred to share premium.

• Notwithstanding the foregoing, if there is a Change in Control that meets the requirements of a change in control event under Section 409A, all outstanding PSP Awards will vest at 100% of the Initial PSU Grant target (or 100% of the PSP Target if the Change in Control occurs prior to the Initial PSU Grant) and shall be paid in shares of Common Stock at the time of such Change in Control.

• The Replacement Awards have been granted on 1 October 2021 and will be released progressively in accordance with the original vesting schedule of the Existing CapitaLand PSP Awards.

• To ensure that you, and RSA, meet those regulatory requirements, part of the cash proceeds that will arise when Bidco acquires under the Scheme your RSA Shares resulting from those PSP Awards will be withheld and paid to you in the first practicable payroll following the earliest date on which Solvency II and/or Capital Requirements Directive rules (as appropriate) allow them to be released to you.

• No. If Court Sanction and the Effective Date occur, your PSP Awards will be automatically treated in the way described above, in accordance with the PSP rules.

• The Company may, in its sole discretion, decide to deliver any documents related to current or future PSP Awards by electronic means or to request the Participant’s consent to participate in the 2012 Plan by electronic means.

More Definitions of PSP Awards

PSP Awards means Allocations (as defined in the PSP) granted under the PSP, being conditional awards granted over a specified number of Merlin Shares to employees and former employees of the Merlin Group, which are subject to performance conditions;

PSP Awards means a conditional right to receive Biffa Shares in accordance with the rules of the PSP;