Stock Payments as defined in Section 7.6(b).
Stock Payments means (a) a payment in the form of shares of Common Stock, or (b) an option or other right to purchase shares of Common Stock, as part of a deferred compensation arrangement, made in lieu of all or any portion of the compensation, including without limitation, salary, bonuses and commissions, that would otherwise become payable to an employee in cash.
Stock Payments means any dividend, distribution or payment of any nature (whether in cash, securities, or other property) on account of or in respect of any shares of the capital stock or other equity interests (or warrants, options or rights therefor) of such Person, including but not limited to any payment on account of the purchase, redemption, retirement, defeasance or acquisition of any shares of the capital stock or other equity interests (or warrants, options or rights therefor) of such Person, in each case regardless of whether required by the terms of such capital stock or other equity interest (or warrants, options or rights) or any other agreement or instrument.
Examples of Stock Payments in a sentence
The Administrator is authorized to make Stock Payments to any Eligible Individual.
Stock Payments may, but are not required to, be made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to such Eligible Individual.
Stock Payments may, but are not required to be made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to such Eligible Individual.
The Administrator is authorized to make one or more Stock Payments to any Eligible Individual.
Any key Employee, consultant or Independent Director selected by the Committee (or the Board, in the case of an award to an Independent Director) may receive Stock Payments in the manner determined from time to time by the Committee.
More Definitions of Stock Payments
Stock Payments means the unrestricted Shares granted pursuant to the Equity Incentive Plans as are specified as eligible for deferral under the Program from time to time by the Committee, in its discretion and in compliance with all applicable laws.
Stock Payments shall exclude treasury stock transactions of up to twenty five percent (25%) of the net worth of the Borrower (determined according to GAAP) consummated by Borrower during any one fiscal year.
Stock Payments means any dividend, distribution or payment of any nature (whether in cash, securities, or other property) on account of or in respect of any Pledged Shares, including but not limited to any payment on account of the purchase, redemption, retirement, defeasance or acquisition of any Pledged Shares, in each case regardless of whether required by the terms of the Pledged Shares or any other agreement or instrument.
Stock Payments has the meaning set forth in (S)2(b)(ii).
Stock Payments has the meaning specified in subsection 8.4(a). --------------
Stock Payments shall have the meaning specified in § 7.13. “Amount” when used with reference to a Stock Payment shall mean the amount of cash paid, and the greater of net book value or fair market value at the time of distribution of property distributed, in respect of such Stock Payment.