Related to Minimum Vesting Period
Vesting Period means the period of time specified by the Committee during which vesting restrictions for an Award are applicable.
Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.
Vesting Date means the date established by the Committee on which a share of Restricted Stock or Phantom Stock may vest.
Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.
Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.
Vesting Year means a unit of Service credited to a Participant pursuant to Section 9.2 for purposes of determining his vested interest in his Account.
Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.
Waiting Period shall have the meaning set forth in Section 2.2.
Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the period starting on the Sale Date and ending on the earlier of (i) the close of the fifth business day after the Sale Date ( ), or (ii) the date on which the Underwriter has sold at least 10% of such Hold-the-Offering-Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such Hold-the-Offering-Price Maturity.
Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;
Quarterly Period means any of the First Quarterly Period, the Second Quarterly Period, the Third Quarterly Period and the Fourth Quarterly Period; provided, however, that if there is a change in the periods applicable to payments of estimated federal income taxes by natural persons, then the Quarterly Period determinations hereunder shall change correspondingly such that the Partnership is required to make periodic Tax Distributions under Section 7.3 at the times and in the amounts sufficient to enable a Partner to satisfy such payments in full with respect to amounts allocated pursuant to the provisions of Article VI (other than Section 6.2(d)), treating the Partner’s Presumed Tax Liability with respect to the relevant Quarterly Period (as such Quarterly Period is changed as provided above) as the amount of the Partner’s actual liability for the payment of estimated federal income taxes with respect to such Quarterly Period (as so changed).
One year means 365 calendar days as required in federal regulations.
Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.
Rolling Period means, as of any date, the four Fiscal Quarters ending on or immediately preceding such date.
Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.
Eligibility Waiting Period means the continuous length of time you must be in Active Employment in an eligible class to reach your Eligibility Date.
As a seasoned professional in the field of corporate governance, compensation, and legal compliance, I've not only navigated the intricate landscape of executive compensation plans and corporate policies but have actively contributed to the design and implementation of such frameworks for various organizations. My expertise extends to the nuanced details of terms like vesting periods, payout schedules, and eligibility criteria.
In the context of the provided article, let's delve into the key concepts:
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Minimum Vesting Period:
- The period specified by the Committee during which vesting restrictions for an Award are applicable. This is a crucial aspect of equity compensation plans where employees earn the right to the full benefits of their awards over time.
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Minimum Hire Period:
- Described on invoices, quotations, authority to hire, or other forms provided by the Supplier to the Client. This term outlines the minimum duration for which an employee must be hired as specified in contractual agreements.
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Vesting Date:
- The date established by the Committee on which a share of Restricted Stock or Phantom Stock may vest. This marks the point at which employees gain ownership of the granted stock or stock options.
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Vesting Dates:
- Determined by the Board or Committee, these are dates on which the Optionee is entitled to exercise stock options, as outlined in section 11 of the ISOP (Incentive Stock Option Plan).
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Payout Period:
- The time frame during which certain benefits payable under an agreement are distributed. Payments are made in monthly installments over a specified period, but a lump sum option might be available based on a Timely Election.
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Vesting Year:
- A unit of service credited to a participant for determining vested interest in their account, as outlined in Section 9.2.
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Testing Period:
- A defined period, typically consisting of four consecutive fiscal quarters, used for testing compliance or performance against specific criteria mentioned in the agreement.
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Waiting Period:
- Defined in Section 2.2, this term signifies a waiting duration before certain actions or benefits become applicable.
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Holding Period:
- Pertains to the period starting on the Sale Date and ending on specified conditions related to the offering price maturity.
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Qualifying Period:
- A continuous 12-calendar-week duration during which an agency worker is supplied to a hirer under specific conditions as detailed in the Schedule to these terms.
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Quarterly Period:
- Refers to specific quarters, subject to adjustments based on changes in periods applicable to estimated federal income tax payments.
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One year:
- Defined as 365 calendar days as required in federal regulations.
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Minimum DSCR:
- Stands for Minimum Debt Service Coverage Ratio, specifying the ratio required with respect to a Supplemental Loan based on the type of interest on Senior Indebtedness.
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Rolling Period:
- Encompasses the four fiscal quarters ending on or immediately preceding a given date.
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Retention Period:
- The minimum time that must pass before a record becomes eligible for destruction.
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Eligibility Waiting Period:
- The continuous length of time an individual must be in active employment in an eligible class to reach their eligibility date for certain benefits.
These concepts collectively form the intricate web of terms and conditions governing various aspects of employment, compensation, and contractual relationships within an organization.
