Substituted Award definition

Substituted Award means an Award granted in substitution for an equity award of an acquired entity in connection with a merger, reorganization, separation, or other transaction to which Section 424(a) of the Code applies.
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Substituted Award means an Award granted in substitution for an equity award of an acquired entity in connection with a transaction described in Section 424(a) of the Code.
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Examples of Substituted Award in a sentence

  • The Substituted Award shall have such value at the date of the sale or transfer as is equal to the Market Value of the Shares the subject of the Original Award on that date.

  • Without limiting the generality of the foregoing, the Substitute Award may take the form of a continuation of the Substituted Award if the requirements of the preceding sentence are satisfied.

  • In the event a Substituted Award is not provided to Participant upon a Change in Control, then Participant shall be fully vested in the Performance Units in an amount equal to the Target Award.

  • The Substituted Award shall be subject to the same terms as the Original Award as set out in the Rules, except as regards references to the Company (which shall be substituted as agreed with the purchaser) and the applicable Performance Conditions, which may be amended as appropriate.

  • Substitution of Award Where the cessation of employment falls under Rule 10.2(c) or (d), the Company may agree with the purchaser of the employing company/business (as the case may be) that the Award (the Original Award) will be substituted for another award (the Substituted Award).

  • If, prior to the end of the applicable Plan Period, Participant has a Qualifying Termination during a Change in Control Protection Period, then Participant shall be fully vested in the Performance Units, or if provided, the Substituted Award, in an amount equal to the Target Award.

  • Notwithstanding any other provision of this Plan, in no event may the exercise price under any stock option be reduced, other than pursuant to an adjustment contemplated in Section 4(c), after it is granted, either directly or by cancellation of an outstanding option in return for a newly granted option or other Award (including an Alternative or Substituted Award) that has the effect of lowering the exercise price of the option.

  • If, prior to the end of the applicable Plan Period, Participant has a Qualifying Termination during a Change in Control Protection Period, the Time-vesting Share Units or, if provided, the Substituted Award, shall be fully vested upon such termination.

  • In the event no Substituted Award is provided to Participant upon a Change in Control, the Time-vesting Share Units shall be fully vested upon the Change in Control.

Related to Substituted Award

  • share-based award means an award under an equity incentive plan of equity-based instruments that do not have option-like features, including, for greater certainty, common shares, restricted shares, restricted share units, deferred share units, phantom shares, phantom share units, common share equivalent units, and stock.

  • Other Share-Based Award means a right, granted under Section 5(h), that relates to or is valued by reference to Shares.

  • Award means, individually or collectively, a grant under the Plan of Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Other Stock Award Agreement means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance-Based Award means any Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award granted to a Covered Employee that is intended to qualify as “performance-based compensation” under Section 162(m) of the Code and the regulations promulgated thereunder.

  • Other Stock Award means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the terms and conditions of Section 6(d).

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Award means any right granted under Section 6(d) of the Plan.