Terms of Award Clause Example with 23 Variations from Business Contracts

This page contains Terms of Award clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Terms of Award. The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The "Participant" is ________________________________(b)The "Grant Date" is February 24, 2016. (c)The number of "Covered Units" granted under this Agreement is _____ Units. Each "Unit" represents the right to receive one share of Stock on the Delivery Date, subject to the terms of this Agreement and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the earliest... to occur of: (i) the third anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant to Section 21, elsewhere in this Agreement or the Plan. View More Arrow
Found in ASSURED GUARANTY LTD contract

Variations of a "Terms of Award" Clause from Business Contracts

Terms of Award. The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The 1:(a)The "Participant" is ________________________________(b)The "Grant Date" is February 24, 2016. 22, 2017. (c)The number of "Covered Units" granted under this Agreement is _____ Covered Units. (d)The "Delivery Date" with respect to the Covered Units shall be the third anniversary of the Grant Date. (e)The "Performance Determination Date" is the earlier to occur of (i) December 31..., 2019; (ii) the date of a Change in Control. (f)The "Performance Period" is July 1, 2018 through December 31, 2019; provided, however, if a Change in Control occurs on or after July 1, 2018 but prior to December 31, 2019, the Performance Period shall be the eighteen month period preceding the Change in Control; provided, further, however, if a Change in Control occurs prior to July 1, 2018, the Performance Period shall be the period beginning on January 1, 2017 and ending on the date of the Change in Control.Other words and phrases used in this Agreement are defined pursuant to Section 23, elsewhere in this Agreement or the Plan.2. Performance-Based Restricted Stock Unit Award. This Agreement specifies the terms of the "Performance-Based Restricted Stock Unit Award" granted to the Participant. Each "Unit" "Covered Unit" represents the right to receive one share up to two shares of Stock on the Delivery Date, subject to the terms of this Agreement and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the earliest to occur of: (i) the third anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant to Section 21, elsewhere in this Agreement or the Plan. View More Arrow
Found in ASSURED GUARANTY LTD contract
Terms of Award. The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The "Participant" is ________________________________(b)The "Grant Date" is February 24, 2016. (c)The number of "Covered Units" granted under this Agreement is _____ Covered Units. Each "Unit" represents the right to receive one share of Stock on the Delivery Date, subject to the terms of this Agreement and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the ...earliest to occur of: (i) the third anniversary of the Grant Date; Date. (e)The "Performance Determination Date" is the earlier to occur of (i) December 31, 2018; (ii) the Participant's death; date of a Change in Control. (f)The "Performance Period" is July 1, 2017 through December 31, 2018; provided, however, if a Change in Control occurs on or after July 1, 2017 but prior to December 31, 2018, the Performance Period shall be the eighteen month period preceding the Change in Control; provided, further, however, if a Change in Control occurs prior to July 1, 2017, the Performance Period shall be the period beginning on January 1, 2016 and (iii) ending on the date on which of the Participant becomes Permanently Disabled. Change in Control. Other words and phrases used in this Agreement are defined pursuant to Section 21, 23, elsewhere in this Agreement or the Plan. View More Arrow
Found in ASSURED GUARANTY LTD contract
Terms of Award. (a) The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The "Participant" "Grantee" is ________________________________(b)The _______________. (b) The "Grant Date" is February 24, 2016. (c)The _____________. (c) The number of "Covered Units" granted ordinary shares of the Company ("Common Shares") covered by the SAR awarded under this Agreement is _____ Units. Each "Unit" represents the right to receive one share _______. (d) The Fair Ma...rket Value of Stock a Common Share on the Delivery Date, subject to Grant Date is US$_____. (e) The term of the terms of this Agreement SAR commences on the Grant Date and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be expires upon the earliest to occur of: of (i) the third tenth anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant Grantee occurs a Termination of Service due to Section 21, elsewhere in this Agreement Cause; (iii) one year after the Grantee incurs a Termination of Service due to death, disability, or Approved Retirement; or (iv) [ ] after the Plan. Grantee incurs a Termination of Service for any other reason other than for Cause, Approved Retirement, death or disability. View More Arrow
Found in Enstar Group LTD contract
Terms of Award. The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The 1:(a)The "Participant" is ________________________________(b)The "Grant Date" is February 24, 2016. 7, 2013. (c)The number of "Covered Units" granted under this Agreement Shares" shall be ________________ shares of Stock. (d)The "Exercise Price" is _____ Units. Each "Unit" represents $ ____________ per share. (e)The "Performance Determination Date" is the right earlier to receive on...e share occur of Stock (i) December 31, 2015 and (ii) the date of a Change in Control. (f)The "Performance Period" is January 1, 2013 through the Performance Determination Date. (g)The "Term" of the Option is the period beginning on the Delivery Date, subject to Grant Date and ending on the terms seven-year anniversary of this Agreement and the Plan. (d)The "Delivery Grant Date. (h)The "Vesting Date" with respect to the Covered Units shall be is the earliest to occur of: of (i) the third anniversary of the Grant Date; February 7, 2016, (ii) the Participant's death; date of a Vesting Change in Control, and (iii) the date Participant's Date of Termination if the Date of Termination is due to death, Disability, Retirement or a Qualifying Termination occurring on which the Participant becomes Permanently Disabled. Other or after a Change in Control.Other words and phrases used in this Agreement are defined pursuant to Section 21, 20, elsewhere in this Agreement or the Plan. Plan.2. Non-Qualified Stock Option. This Agreement specifies the terms of the option (the "Option") granted to the Participant to purchase the number of Covered Shares of Stock at the Exercise Price per share as set forth in Section 1. The Option is not intended to constitute an "incentive stock option" as that term is used in Code section 422. Subject to the terms of Section 4, as of the Vesting Date, the Option shall become exercisable on and after the Vesting Date with respect to the number of Covered Shares determined as of the Vesting Date by multiplying (a) the number of Covered Shares by (b) the Performance Percentage determined pursuant to Section 3 below (with such percentage converted to a number by dividing such percentage by 100). The portion of the Option with respect to any Covered Shares which does not become exercisable as of the Vesting Date pursuant to the previous sentence shall be forfeited as of the Vesting Date. View More Arrow
Found in ASSURED GUARANTY LTD contract
Terms of Award. (a) The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The "Participant" "Grantee" is ________________________________(b)The __________. (b) The "Grant Date" is February 24, 2016. (c)The __________. (c) The target number of "Covered Units" Performance Stock Units ("PSUs") granted under this Agreement is _____ Units. Each "Unit" represents __________. (d) The "Performance Period" is the right to receive one share of Stock period commenci...ng on the Delivery Date, subject to the terms of this Agreement __________ and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the earliest to occur of: (i) the third anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date ending on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant to Section 21, elsewhere in this Agreement or the Plan. __________. View More Arrow
Found in 2 Contracts from Enstar Group LTD
Terms of Award. (a) The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The "Participant" "Grantee" is ________________________________(b)The ___________. (b) The "Grant Date" is February 24, 2016. (c)The ___________. (c) The target number of "Covered Units" Performance Stock Units ("PSUs") granted under this Agreement is _____ Units. Each "Unit" represents ___________. (d) The "Performance Period" is the right to receive one share of Stock period comme...ncing on the Delivery Date, subject to the terms of this Agreement ___________ and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the earliest to occur of: (i) the third anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date ending on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant to Section 21, elsewhere in this Agreement or the Plan. ___________. View More Arrow
Found in Enstar Group LTD contract
Terms of Award. (a) The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The "Participant" "Grantee" is ________________________________(b)The _______________. (b) The "Grant Date" is February 24, 2016. (c)The _______________. (c) The target number of "Covered Units" Performance Stock Units ("PSUs") granted under this Agreement is _____ Units. Each "Unit" represents _______. (d) The "Performance Period" is the right to receive one share of Stock period c...ommencing on the Delivery Date, subject to the terms of this Agreement ___________ and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the earliest to occur of: (i) the third anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date ending on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant to Section 21, elsewhere in this Agreement or the Plan. _____________. View More Arrow
Found in Enstar Group LTD contract
Terms of Award. (a) The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The "Participant" "Grantee" is ________________________________(b)The _______________. (b) The "Grant Date" is February 24, 2016. (c)The _______________. (c) The target number of "Covered Units" Performance Stock Units ("PSUs") granted under this Agreement is _____ Units. Each "Unit" represents _______. (d) The "Performance Period" is the right to receive one share of Stock period c...ommencing on the Delivery Date, subject to the terms of this Agreement __________ and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the earliest to occur of: (i) the third anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date ending on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant to Section 21, elsewhere in this Agreement or the Plan. __________________. View More Arrow
Found in Enstar Group LTD contract
Terms of Award. The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The 1:(a)The "Participant" is ________________________________(b)The "Grant Date" is February 24, 2016. [______], 2019. (c)The number of "Covered Units" granted under this Agreement is _____ Covered Units. (d)The "Delivery Date" with respect to the Covered Units shall be the third anniversary of the Grant Date. (e)The "Performance Determination Date" is the earlier to occur of (i) Decem...ber 31, 2021 and (ii) the date of a Change in Control. (f)The "Performance Period" is January 1, 2019 through December 31, 2021; provided, however, if a Change in Control occurs on or after the Grant Date but prior to December 31, 2021, the Performance Period shall be the period beginning on January 1, 2019 and ending on the date of the Change in Control.Other words and phrases used in this Agreement are defined pursuant to Section 23, elsewhere in this Agreement or the Plan.2. Performance-Based Restricted Stock Unit Award. This Agreement specifies the terms of the "Performance-Based Restricted Stock Unit Award" granted to the Participant. Each "Unit" "Covered Unit" represents the right to receive one share up to [two] shares of Stock on the Delivery Date, subject to the terms of this Agreement and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the earliest to occur of: (i) the third anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant to Section 21, elsewhere in this Agreement or the Plan. View More Arrow
Found in ASSURED GUARANTY LTD contract
Terms of Award. The following words and phrases used in this Agreement shall have the meanings set forth in this Section 1: (a)The 1:(a)The "Participant" is ________________________________(b)The "Grant Date" is February 24, 2016. [______], 2020. (c)The number of "Covered Units" granted under this Agreement is _____ Covered Units. (d)The "Delivery Date" with respect to the Covered Units shall be the third anniversary of the Grant Date. (e)The "Performance Determination Date" is the earlier to occur of (i) Decem...ber 31, 2022 and (ii) the date of a Change in Control. (f)The "Performance Period" is January 1, 2020 through December 31, 2022; provided, however, if a Change in Control occurs on or after the Grant Date but prior to December 31, 2022, the Performance Period shall be the period beginning on January 1, 2020 and ending on the date of the Change in Control.Other words and phrases used in this Agreement are defined pursuant to Section 23, elsewhere in this Agreement or the Plan.2. Performance-Based Restricted Stock Unit Award. This Agreement specifies the terms of the "Performance-Based Restricted Stock Unit Award" granted to the Participant. Each "Unit" "Covered Unit" represents the right to receive one share up to two shares of Stock on the Delivery Date, subject to the terms of this Agreement and the Plan. (d)The "Delivery Date" with respect to the Covered Units shall be the earliest to occur of: (i) the third anniversary of the Grant Date; (ii) the Participant's death; and (iii) the date on which the Participant becomes Permanently Disabled. Other words and phrases used in this Agreement are defined pursuant to Section 21, elsewhere in this Agreement or the Plan. View More Arrow
Found in ASSURED GUARANTY LTD contract