Examples of Release Period in a sentence
If it is determined that this Award is subject to Section 409A and the Release Period set forth in Section 3(c) of this Award Agreement crosses tax years, then the Settlement Date shall occur in the second tax year.
If the Release Agreement does not become fully effective and irrevocable prior to the expiration of the Release Period, all Performance Stock Units will be forfeited immediately, automatically and without consideration as of the date of your termination of employment (or, as applicable, Continuous Service).
If Executive fails to execute and deliver the Release to the Company during the Release Period, or if the Release is revoked by Executive or otherwise does not become effective and irrevocable in accordance with its terms, then Executive will receive only the accrued benefits under Section 2(a) of this Agreement and will not be entitled to any other payment or benefit under Section 2(b) of this Agreement.
Per Section 6 of the MCC, release of LRA funds will occur, if available, in accordance with the MCC’s Release Period.
If a seller’s LRA balance exceeds the Required Amount for their MCC during the Release Period, the amount to be released to a seller in the Aggregate Pool will equal the result of the following: All LRA funds in the Aggregate Pool minus the Aggregate Pool Required Amount multiplied by the following ratio: seller’s LRA balance exceeding the MCC Required Amount divided by the sum of all Aggregate Pool MCC’s LRA balances that exceed the MCC Required Amount.