Relevant Award definition
Examples of Relevant Award in a sentence
If all or any part of a Relevant Award (whether granted before, on, or after the Plan Restatement Date) expires, lapses or is terminated, exchanged for cash, surrendered, repurchased or cancelled without having been fully exercised, in each case after the Plan Restatement Date, the unused Plan Shares covered by such Relevant Award will return to the Share Reserve and again be available for Awards.
Any dispute relating to the application of this procedure shall be settled in accordance with the Grievance and Dispute Settlement Procedure of the [Insert Relevant Award or Agreement].
For these purposes, the compensation in respect of the portion of a Relevant Award which lapsed or was forfeited (or will lapse or be forfeited) as a result of Closing shall not exceed the difference between (i) the value of the Relevant Award which could reasonably have been expected to vest on the normal vesting date but for Closing (subject, where applicable, to performance (or other) conditions), and (ii) the value of the Relevant Award which actually vested (or will vest) as a result of Closing.
The Relevant Award is to be read and applied in conjunction with the terms and conditions in this Agreement.
Employees will be paid in accordance with the wage rates and allowances in the Relevant Award, inclusive of any pay increases that are applied to that Award by the FWC plus an additional 5% of the Relevant Award Basehen re Rate per hour.