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

  • This payment shall be termed a Tenure Award, shall be intended to encourage and recognize service, and shall be payable to employees in a lump sum, annually, on December 1.

  • No payment shall be made for any service of less than one full year; except that, if an employee dies or retires within the last calendar quarter of his final year of service, s/he (or his/her heirs) shall be eligible for the Tenure Award that he otherwise would have received.

  • No payment shall be made for any service of less than one (1) full year; except that, an employee (or their heirs) who dies or retires within the last calendar quarter of their final year of service shall be eligible for the Tenure Award that they otherwise would have received.

  • If an employee retires within the last quarter of a year, he shall be entitled to receive Tenure Award just as if he had completed the full year.

  • Guidelines for Submission of Promotion and Tenure Award ProposalsAppendix 7.

  • Any employee who is separated from Parish service before December 1 by reason of resignation, dismissal or layoff is not eligible for the Tenure Award.

  • 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.

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

  • Once an eligible Employee selects a Tenure Award and O.C. Tanner Company ships the Tenure Reward, O.C. Tanner Company bills the Debtors for the cost of the Tenure Award.

  • Employees regularly employed on a part-time basis shall be entitled to a prorated Tenure Award on a basis equivalent to their regular basis of employment; except that no one working less than half time and no persons paid on an hourly, daily, or project basis shall be entitled to Tenure Award.

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.

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

  • 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).

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).