Tenure Award definition

Tenure Award means an Award hereunder of cash, shares of Common Stock, units or rights based upon, payable in, or otherwise related to, Common Stock that vests over time based upon the Participant’s continued employment with or service to the Company or its Subsidiaries.
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Tenure Award means an Award that vests over time based upon the Participant’s continued employment with or service to the Company or its Subsidiaries.
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Examples of Tenure Award in a sentence

  • Persons employed on or after January 6 are not eligible for a Tenure Award for the first year of their employment.

  • If an employee dies within the last quarter of a year, Tenure Award shall be made to his heirs in the amount that would have been paid to the employee had he completed the year.

  • Similarly, participant 6 explains that she likes both reading and watching movies, yet she understand literary woks better when she reads their film adaptation.

  • Any employee who is suspended without pay or carried on leave without pay except military leave without pay for an aggregate of sixty (60) working days or more in any one calendar year shall permanently forfeit Tenure Award ($25.00) eligibility for that year only.

  • If an employee dies within the last quarter of a year, Tenure Award shall be made to his/her heirs in the amount that would have been paid to the employee had s/he completed the year.

  • This payment shall be termed a Tenure Award, shall be intended to encourage and recognize career service, and shall be payable to employees in a lump sum, annually, on the first paycheck in December.

  • Any employee who is separated from Parish service before December 1 is not eligible for Tenure Award.

  • Any employee who is on Leave Without Pay for an aggregate period of thirty (30) or more working days in any calendar year shall have deducted from his/her Tenure Award check for that year the amount of one full year’s award ($25.00); except that, this period shall be extended up to ninety (90) working days in cases resulting from on-the-job injuries.

  • A “Meets Expectations” annual performance evaluation rating or higher for the previous year shall be the basis for qualification for the current year’s Tenure Award.

  • The Tenure Award information shall be verified by the Payroll Office and the Personnel Department.

Related to Tenure Award

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

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

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

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

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

  • the award , except in sub-paragraph (2), means—

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Cash Award means an award denominated in cash.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.