Examples of Sony Group in a sentence
This Agreement shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in the position of director, corporate executive officer, or employee of the Corporation or of the Sony Group Companies on the Allotment Date.
The primary purpose of allocating the Options to the Qualified Person is to give the Qualified Person an incentive to contribute towards the improvement of the business performance of the Sony Group (the Corporation and its group companies) and thereby improve such business performance by making the economic interest, which the Qualified Person will receive, correspond to the business performance of the Corporation.
This Agreement shall terminate, automatically, without any procedures being taken, in the event that the Qualified Person is not in the position of director, corporate executive officer, officer or employee of the Corporation or of the Sony Group Companies on the Allotment Date.
Notwithstanding the provisions of Article 12, the notification in the preceding Paragraph may be conducted by the Corporation by transmitting the communication documents to the Corporation’s internal homepage and posting the required matters thereon (provided, however, that this Paragraph shall not apply to the heir(s) of the Qualified Person who is not employed by or affiliated with the Sony Group Companies.).
Set forth below are the provisions concerning the restrictions of vesting and exercise of the Options provided for in Item (1) of Article 5 of the Agreement Concerning Allocation of the Stock Acquisition Rights of Sony Group Corporation for the Fiscal Year 2023 (hereinafter referred to as the “Agreement”).
All Sony Group employees are required to receive initial and periodic refresher training on the Code of Conduct to help ensure an understanding of internal policies.
The Compensation Committee shall consist of at least three (3) Directors, the majority of whom shall be Outside Directors and, as a general rule, at least one (1) Director of the Compensation Committee shall be a Corporate Executive Officer; provided, however, that a Director who is a CEO (Chief Executive Officer) or a COO (Chief Operating Officer) of Sony Group or at any equivalent position shall not be a member of the Compensation Committee (hereinafter referred to as a “Compensation Committee Member”).
Qualified Person’s employment with the Sony Group Companies is terminated for any reason (other than a termination by the Sony Group Companies for Cause) that is not expressly set forth in this chart All Options that were vested immediately prior to the Termination Date will remain outstanding until the earlier to occur of (a) the first anniversary of the Termination Date and (b) the expiration of the Options.
Subject to the Qualified Person’s continuous employment with the Sony Group Companies, the Options shall vest and become exercisable in three annual installments beginning on the first anniversary of the date of grant (each such date, a “Vesting Date”) as follows.
Except as expressly set forth in the following chart, in the event that the Qualified Person’s employment with the Sony Group Companies terminates prior to the Vesting Date, vesting of the Options held by such Qualified Person will not occur and the Options shall forfeit immediately.