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Cash Award
Cash Award contract clause examples
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The Long Term Incentive (LTI) is a bonus designed to motivate the CFO to achieve long term success for the Company, as well as assist in the retention of the Vice President and CFO over time. LTI bonus compensation is based on achieving sustainable growth in shareholder value over a period of three years, January 1, 2018 through December 31, 2020 and is measured by the average yearly increase in the “Adjusted Share Value” (ASV) of a Common Share.

Annual Cash Incentive Award. Subject to the terms of this Agreement, the Employee is eligible to receive a prorated award payment for the Annual Cash Incentive Award, paid at the same time that payments under similar annual cash incentive awards are made by the Company, but not later than two and one-half (2½) months after the end of the calendar year in which the Annual Cash Incentive Award was earned by the Employee, assuming the Employee is still

Cash Equivalent for Equity Award. In each case where an Non-Employee Director is an equity partner or service provider of a private equity sponsor of the Company, and such sponsor has informed the Company in writing that it does not allow its equity partners or service providers, as the case may be, to accept awards of equity for compensation for services rendered to boards of directors of its portfolio companies, then such Non-Employee Director shall be eligible to receive a cash award in lieu of any Initial Award or Annual Award (each, a “Cash Equivalent Award”) with a value equal to the designated value of the equity award that would otherwise be provided hereunder, but otherwise subject to the same terms and conditions applicable to such award.

Cash Equivalent for Equity Award. In each case where an Non-Employee Director is an equity partner or service provider of a private equity sponsor of the Company, and such sponsor has informed the Company in writing that it does not allow its equity partners or service providers, as the case may be, to accept awards of equity for compensation for services rendered to boards of directors of its portfolio companies, then such Non-Employee Director shall be eligible to receive a cash award in lieu of any Initial Award or Annual Award (each, a “Cash Equivalent Award”) with a value equal to the designated value of the equity award that would otherwise be provided hereunder, but otherwise subject to the same terms and conditions applicable to such award.

COO Equity Grants; Cash Award. With effect from the COO Start Date, Employee will be granted # a new award of 305,000 options (“Options”) to purchase common stock (“Stock”) with time-based vesting # one-quarter on the first anniversary of the COO Start Date and # in equal monthly installments thereafter until vested in full on the fourth anniversary of the Start Date; and # an award of a number of restricted stock units (“RSUs”) having a value of $175,000 as determined by the market closing price for the Stock on the business day immediately preceding the COO Start Date. The forms of agreement for your COO equity grants is attached hereto as [Exhibit 2](c), it being understood and agreed that, notwithstanding the wording of [Section 2(b)(I)(i)] of the hard-coded Executive Officer Award template shown in [Exhibit 2](c), the words “three-month period” shown therein shall be replaced by the words “twelve-month period” in connection with this initial equity grant. Further, COO shall receive a one-time, lump-sum cash award of $175,000 payable on the Company’s regular payroll date immediately following the COO Start Date (the “COO Sign-On Bonus”). The COO Sign-On Bonus shall be subject to all applicable taxes and withholdings. Further, in the event that, on or prior to the one (1) year anniversary of the COO Start Date, Employee terminates Employee’s employment with the Company without Good Cause, or the Company terminates Employee’s employment for Cause, the COO Sign-On Bonus (net of taxes and withholdings) shall be repaid to the Company in full within ten (10) business days of such employment termination.

Award Subject to Cash LTI Plan. The Award is subject to the terms and conditions described in this Award Agreement and the Cash LTI Plan, which is incorporated by reference into and made a part of this Award Agreement. In the event of a conflict between the terms of the Cash LTI Plan and the terms of this Award Agreement, the terms of the Cash LTI Plan will govern. The Committee has the sole responsibility of interpreting the Cash LTI Plan and this Award Agreement, and its determination of the meaning of any provision in the Cash LTI Plan or this Award Agreement will be binding on the Participant. Capitalized terms that are not defined in this Award Agreement have the same meanings as in the Cash LTI Plan.

Award Subject to Cash LTI Plan. The Award is subject to the terms and conditions described in this Award Agreement and the Cash LTI Plan, which is incorporated by reference into and made a part of this Award Agreement. In the event of a conflict between the terms of the Cash LTI Plan and the terms of this Award Agreement, the terms of the Cash LTI Plan will govern. The Committee has the sole responsibility of interpreting the Cash LTI Plan and this Award Agreement, and its determination of the meaning of any provision in the Cash LTI Plan or this Award Agreement will be binding on the Participant. Capitalized terms that are not defined in this Award Agreement have the same meanings as in the Cash LTI Plan.

Cash. All or part of the Purchase Price may be paid in cash or cash equivalents.

Cash. All or part of the Purchase Price may be paid in cash or cash equivalents.

Cash. All cash on hand and cash equivalents, including bank accounts, money market funds and temporary cash investments, but excluding any security deposits held by Seller under the Tenant Leases unless a credit is given to Purchase for such security deposit at Closing.

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