Common use of Restricted Stock Award Clause in Contracts

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 2 contracts

Samples: Employment Agreement (Atp Oil & Gas Corp), Employment Agreement (Atp Oil & Gas Corp)

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Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 22,622 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 15,194 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 8,610 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 130,000 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 11,522 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 8,132 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

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Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 9,184 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 22,960 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 9,088 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

Restricted Stock Award. As of the Effective Date, the Executive shall be awarded 6,935 14,181 shares of common stock of the Company (“Restricted Stock”) under the Company’s 2000 Stock Option Plan (“Stock Option Plan”). Such Restricted Stock award shall be subject to the terms and conditions of the Stock Option Plan. Except as otherwise specifically provided in this Agreement, the Stock Option Plan, or the restricted stock agreement evidencing the award, such shares of Restricted Stock shall be forfeited if the Executive’s Date of Termination occurs prior to the date such shares of Restricted Stock become vested. The Restricted Stock shall vest with respect to 50% of the shares awarded on the first anniversary of the Effective Date, and shall vest with respect to an additional 25% of the shares awarded on each of the second and third anniversaries of the Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Atp Oil & Gas Corp)

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