Common use of Acceptance of Grant Clause in Contracts

Acceptance of Grant. The Grantee must accept the terms of this Agreement by signing and returning a fully executed original of this Agreement to the Company in accordance with Section 10 below no later than forty-five (45) days from the Grant Date (the “Acceptance Period”). In the event the last day of the Acceptance Period should fall on a Saturday, Sunday or Federal holiday, the last day of the Acceptance Period shall be deemed to be the next following business day. In the event a fully-executed original of this Agreement is not received by the Company prior to the expiration of the Acceptance Period, the Grantee shall be deemed to have rejected the grant of Interests referenced herein and such grant shall be deemed cancelled and null and void ab initio.

Appears in 5 contracts

Samples: Term Incentive Plan, 2016 Long Term Incentive Plan (TransMontaigne Partners L.P.), Term Incentive Plan (TransMontaigne Partners L.P.)

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Acceptance of Grant. The Grantee must accept the terms grant of the Restricted Units contemplated in this Agreement by signing and returning a fully executed original of this Agreement to the Company in accordance with Section 10 8 below no later than forty-five (45) days from the Grant Date (the "Acceptance Period"). In the event the last day of the Acceptance Period should fall on a Saturday, Sunday or Federal holiday, the last day of the Acceptance Period shall be deemed to be the next following business day. In the event a fully-executed original of this Agreement is not received by the Company prior to the expiration of the Acceptance Period, the Grantee shall be deemed to have rejected the grant of Interests Restricted Units referenced herein and such grant shall be deemed cancelled and null and void ab initio.

Appears in 2 contracts

Samples: Plan Employee Restricted Unit Agreement (TransMontaigne Partners L.P.), Employee Director Restricted Unit Agreement (TransMontaigne Partners L.P.)

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Acceptance of Grant. The Grantee must accept the terms grant of the Shares of Restricted Stock contemplated by this Agreement by signing and returning a fully executed original of this Agreement to the Company in accordance with Section 10 13(b) below no later than forty-five (45) days from the Grant Effective Date (the “Acceptance Period”). In the event the last day of the Acceptance Period should fall on a Saturday, Sunday Sunday, or Federal holiday, the last day of the Acceptance Period shall be deemed to be the next following business day. In the event a fully-executed original of this Agreement is not received by the Company prior to the expiration of the Acceptance Period, the Grantee shall be deemed to have rejected the grant of Interests the Shares of Restricted Stock referenced herein and such grant shall be deemed cancelled and null and void ab initio.

Appears in 1 contract

Samples: Restricted Stock Agreement (Transmontaigne Inc)

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