Example ContractsClausesCancellation and Re Grant of Awards
Cancellation and Re Grant of Awards
Cancellation and Re Grant of Awards contract clause examples

Cancellation. After all principal and interest and the Commitment Fee owed on this Note have been paid in full, this Note will automatically be deemed canceled, will be surrendered to the Company for cancellation, and will not be re-issued.

Cancellation. Notwithstanding the foregoing, this Award may be canceled by the Committee at any time, if in the opinion of the Committee, the Participant engages in activities contrary to the interests of the Company or any of its subsidiaries.

Cancellation. Notwithstanding the forgoing paragraphs 5(a), [(b), and (c) above], if Grantee’s employment is terminated at least six (6) months following the Grant Date as a result of # Retirement or applicable termination of employment when Grantee is Retirement Eligible; # Total Disability or death and Grantee is not Retirement Eligible, or # by the Company for reasons other than Cause and Grantee is not Retirement Eligible, and the terms of the Non-Competition and Restrictive

Cancellation. On the date set forth in the Award agreement, all unearned Restricted Stock Units will be forfeited to the Company.

Equity awards are granted to Non-Employee Directors from time to time pursuant to our 2017 Long Term Compensation Plan. These awards are granted following a Non-Employee Director’s initial election to the Board and each time that director is re-elected by the shareholders to serve a new term. Annual equity awards typically have the following “grant date fair values,” calculated in accordance with FASB ASC Topic 718:

non-cash compensation charges or other non-cash expenses or charges arising from the grant of or issuance or re-pricing of stock, stock options or other equity-based awards to the directors, officers and employees of the [[Organization A:Organization]] and Subsidiaries will be excluded;

Section # Cancellation of Performance Units/Shares. On the date set forth in the applicable Award Agreement, all Performance Units or Performance Shares that have not been earned or vested shall be forfeited and thereafter shall be available for the grant of new Awards.

Letter to NEOs re. Omnibus Plan Awards

Re: Accelerated Vesting Terms of Equity Awards

Debt Cancellation. shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases, and then only to the extent permitted in accordance herewith) owed to by any Person, except for adequate consideration and in the ordinary course of ’s business.

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