Examples of Target Remuneration Committee in a sentence
The Bidders acknowledge that the extent to which Awards outstanding under the PSP vest on the date of the Scheme Order in connection with the Transaction is to be determined solely by the Target Remuneration Committee, in accordance with the rules of the PSP but subject always to paragraph 21.
The Bidders acknowledge and agree that the deferral of any variable remuneration payable to Target Employees (in respect of any variable remuneration granted prior to the Effective Date) shall be in accordance with the policy on such matters determined before the date of this Agreement by the Target Remuneration Committee and notified in writing to the Bidders, and acknowledged in writing by the Bidders, before the date of this Agreement.
The Bidder acknowledges that the satisfaction of the performance conditions that apply to the FY20 PSU Awards and FY21 PSU Awards (if such Awards have not already vested in the ordinary course) will be assessed by the Target Remuneration Committee on, or shortly prior to, the Court Sanction Date, and the Bidder will support any such determination made by the Remuneration Committee.
The Target Remuneration Committee has determined that LTIP Awards over a maximum of a further 5,717,353 Target Shares will, in accordance with the LTIP rules, vest and become exercisable to the extent not already exercisable, on Court Sanction, and will lapse six months following Court Sanction to the extent not exercised.
Save as otherwise provided in this Schedule 1 and subject to Rule 21 of the Code and the Target’s directors’ remuneration policy, without the prior agreement of Bidder, the board of directors of Target (or where appropriate the Target Remuneration Committee) will not amend the rules of any Target Share Plan (and/or the terms of any options and/or awards granted under them).
Save as otherwise provided in this Schedule 2, without the prior agreement of Bidder, the board of directors of Target (or where appropriate the Target Remuneration Committee) will not amend the rules of any Target Share Plan (and/or the terms of any options and/or awards granted under them).
The Bidder agrees that the extent to which FY20 PSU Awards and FY21 PSU Awards that have not vested prior to the Court Sanction Date vest in connection with the Acquisition, is to be determined solely by the Target Remuneration Committee, in accordance with the rules of the Target LTIP and, where applicable, the Target’s remuneration policy.