Retention Awards definition
Retention Awards shall have the meaning set forth in Section 5.5(j)(3).
Retention Awards means Parent equity incentive awards to be granted after the Closing to Continuing Employees in accordance with Schedule 4.6.
Examples of Retention Awards in a sentence
The vesting of the LTPP Retention Awards will be subject to continued employment.
The vesting of EAP Retention Awards will be subject to continued employment.
LTPP Retention Awards held by good leavers will vest and payout in full on the date of cessation of employment (either by way of the delivery of RBC Shares or the payment of a sterling amount equivalent to the value of RBC Shares on the date of cessation).
No performance conditions will apply to the LTPP Retention Awards.
Settlement in respect of vested LTPP Retention Awards will be made within 30 days of the participant becoming a good leaver.
More Definitions of Retention Awards
Retention Awards means the rewards to be made as set out in Part D of the Locked Box Memo and each a Retention Award;
Retention Awards means any cash retention awards granted by Seller of any of its Affiliates to any Business Employees on or prior to the Closing.
Retention Awards means the cash-based retention awards as set forth in Section 1.1(g) of the Seller Disclosure Schedules.
Retention Awards has the meaning set forth in Section 8.6.
Retention Awards means the cash-based retention awards as set forth in Section 1.1(g) of the Seller Disclosure Schedules. “Security Breach” means any misuse, compromise or unauthorized access, destruction, loss, alteration, acquisition ordisclosure of any Personal Information or confidential information.
Retention Awards. (A) the entirety of the “Recognition Awards” portion of such unvested awards will vest and restrictions thereupon will lapse under this paragraph (3), and (B) the “Retention Awards” portion of such unvested awards will vest and restrictions thereupon will lapse under this paragraph (3) but only to the extent such “Retention Awards” would have vested had the Executive remained employed by the Company and/or the Bank for three years following the date Executive’s employment is terminated pursuant to this paragraph 4(a)(ii), with the balance of any such “Retention Awards” portion being unaffected by this paragraph (3) (for clarity, this provision will be deemed to amend Executive’s award agreements and/or other grant documents to the extent provided in this paragraph (3) where such treatment is not prohibited under the applicable plan documents); (4) an amount equal to the retirement benefits that Executive would have earned, if he had remained employed for two additional years following his termination date (assuming that the annual base salary under Section 3(a) above as of the date immediately before Executive’s termination and the Target Bonus Level continued during such years), under the People’s Bank Employee’s Retirement Plan, the People’s Bank Cap Excess Plan, the People’s Bank Enhanced Senior Pension Plan (to the extent that the Bank continues to maintain such plans), and any other supplemental retirement agreement covering Executive (such amount to be paid at the same time as benefits under the applicable nonqualified plan are payable);