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

  • 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.

  • 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.

  • 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.

  • 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.

Related to Substituted Award

  • Restricted Award means any Award granted pursuant to Section 7.2(a).

  • Award means the final execution of the contract document.

  • 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.

  • 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.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • 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.