Special Award. In consideration for Executive’s performing services for the transition in the internalization process, the Company shall pay to Executive an amount equal to $450,000 on or before December 31, 2020.
Special Award. In consideration of Executive entering into this Agreement and subject to approval by the Board or any committee thereof, the Company shall grant Executive the equity awards described in Schedule 1.
Special Award. Notwithstanding anything to the contrary in clause 12.7.11, the Trustees may, in their sole discretion, make a special award (Special Award) to any Silicosis Claimant: who is certified as having Silicosis Class 3; who was employed to undertake Risk Work for a cumulative period of at least 10 (ten) years at one or more Qualifying Mines during Qualifying Periods; who is diagnosed by an Accredited Practitioner as having at least one of the following disease processes:
Special Award. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant an Award (the "Special Award") of $1,507,000.00, payable subject to the Participant's continued employment with the Company.
Special Award. In consideration of Executive entering into this Agreement and subject to approval by the Board or the Board’s Compensation Committee, the Company shall grant Executive 40,000 shares of Restricted Stock pursuant to the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan, the grant date of which shall be the date the grant is approved by the Board or any committee thereof (the “Special Award”). Vesting shall commence on October 1, 2020 as follows: • The restrictions on half of the Special Award shall lapse equally over four years, with twenty-five percent of the Restricted Stock vesting each year on the anniversary of the vesting commencement date. • The restrictions on the other half of the Special Award will be performance-based shares dependent on Company attaining certain financial targets over a four-year period of time, which financial targets shall be set by the Board or a committee thereof. The targets will be explained in a written equity grant agreement that shall be separately furnished to the Executive. Review and approval of Executive’s new hire equity will be reviewed by the Board or the Compensation Committee thereof at its next meeting. All other terms and conditions of such award shall be governed by the Liquidity Services, Inc. Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan and the applicable award agreements.
Special Award. As consideration under this Agreement, JPMC shall provide Xxxxxxx with a special award equal to $13,759,200 (“Special Award”). The Special Award shall be wholly non-forfeitable (and thus, e.g., not subject to clawback or recoupment) except to the extent set forth in Section 3 below. A portion of Xxxxxxx’ Special Award equal to $2 million (“$2 Million Cash Award”), net of applicable withholding taxes, shall be paid to Xxxxxxx in a lump sum no later than the Effective Date specified in Section 16(c). The remaining amount of the Special Award ($11,759,200) (“Award Remainder”), net of (x) applicable withholding taxes and (y) an amount equal to the amount by which 40% of the Award Remainder exceeds the applicable withholding taxes (such excess to be paid directly to Xxxxxxx), shall be (i) paid not later than ten days after the Effective Date into an escrow account (“Cash Escrow Account”) subject to the Escrow Agreement (as defined in Section 2(h) below), and (ii) distributed, subject to the terms of the Escrow Agreement and this Agreement, to Xxxxxxx not later than ten days after February 1, 2012. Xxxxxxx acknowledges that the Special Award is subject to taxation under United States and United Kingdom tax laws as income with respect to calendar year 2010.
Special Award. In consideration of Executive entering into this Agreement and subject to approval by the Board or any committee thereof, the Company shall grant Executive 15,000 shares of Restricted Stock pursuant to the Liquidity Services, Inc. Amended and Restated 2006 Omnibus Long-Term Incentive Plan, which grant date shall be the date the grant is approved by the Board or any committee thereof (the “Special Award”). The restrictions on the Special Award shall lapse equally over three years, with twenty five percent (25%) of the Restricted Stock vesting each year on the anniversary of the grant date. All other terms and conditions of such award shall be governed by the Liquidity Services, Inc. Amended and Restated 2006 Omnibus Long-Term Incentive Plan and the applicable award agreements.
Special Award. Effective May 1, 2007, the Company will grant to the Employee 15,000 Performance Restricted Stock Units pursuant to the Company's 1998 Long Term Incentive and Share Award Plan, 5,000 of which will vest on the closing date of the Pathmark transaction, 5,000 of which will vest on the one-year anniversary of the closing date, and the remaining 5,000 of which will vest on the two-year anniversary of the closing date. The grant letter will provide that any earned RSU's will not be forfeited in the event the Employee's employment with the Company ends in connection with his reactivation of employment with Tengelmann and as long as he remains an employee of Tengelmann on all of the vesting dates set forth in the grant letter.
Special Award. Executive shall be eligible to receive a special award of three hundred eighty-four thousand, seven hundred and eleven Singapore dollars (SGD $384,711) to be paid in January 2011. Executive’s entitlement to payment of this award is contingent upon Executive being actively employed by the Company at the time of the payment.
Special Award. A special award of Stock Options or Warrants to acquire 100,00 shares of common stock of the Company at an exercise price of $1.25 per share shall be granted to the Employee as of the effective date of the Agreement. The term of the Stock Option or Warrant shall be 10 years, and the shares shall be fully vested as of January 31, 1998.
