Additional Restricted Stock Grant Sample Clauses

Additional Restricted Stock Grant. Subject to approval of the Board, Executive will be issued 700,000 shares of the Company's Common Stock (the "ADDITIONAL RESTRICTED STOCK") at an issue price per share equal to the par value of $0.001 per share of such Common Stock, payable by Executive at the time of issuance, pursuant to the terms of the
Sample 1
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Additional Restricted Stock Grant. The Employer shall amend the Bekem Metals, Inc., Restricted Stock Agreement, dated April 7, 2006, (the “Original Restricted Stock Agreement”) to provide Executive with an additional restricted stock grant of 38,343 common shares in the Employer. Such increase shall be accomplished by a First Amendment to Bekem Metals, Inc. Restricted Stock Agreement, dated March 25, 2008. (the “Amended Restricted Stock Agreement”) The terms and conditions of the additional restricted stock grant shall be set forth in the Amended Restricted Stock Agreement, a copy of which is attached as Exhibit “C” to this Agreement, and incorporated herein by this reference and shall be governed by the EMPS Research Corporation 2003 Stock Option Plan as adopted March 4th, 2003. Any taxation associated with this restricted stock grant under the laws of the Republic of Kazakhstan, the United States of America and/or any other applicable jurisdiction shall be the Executive’s sole responsibility
Sample 1
Additional Restricted Stock Grant. Immediately prior to the Effective Time, the Executive received a grant of restricted Kmart Common Stock having a Fair Market Value of $1,000,000 (the “Merger Restricted Stock”), which Merger Restricted Stock may not be sold, pledged or otherwise transferred unless and until the Merger Restricted Stock becomes vested, in accordance with the provisions of this Section 8. The Merger Restricted Stock shall be eligible to become vested in three equal installments (each, an Installment), as set forth below. Each Installment shall vest as of the later of (a) the last day of the first Fiscal Year, of Fiscal Years 2005 through 2007, during which the Performance Goal is met and (b) in the case of the first Installment, the last day of Fiscal Year 2005; in the case of the second Installment, the last day of Fiscal Year 2006; and in the case of the final Installment, the last day of Fiscal Year 2007; conditioned, in each case, on the Executive’s continued employment with the Company as of the relevant vesting date and subject to Section 9. If the Merger Restricted Stock does not vest on or before the last day of Fiscal Year 2007, it shall thereupon be forfeited. The “Performance Goal” will be considered to have been met if, for any of Fiscal Years 2005 through 2007, either Kmart’s EBITDA equals or exceeds $100 million, or Kmart realizes gross proceeds from sales of real estate equal to or greater than $50 million. Notwithstanding the foregoing, in the event the Executive’s employment is terminated during the Employment Term as a result of his Disability or death, any Installments of the Merger Restricted Stock that have not yet vested shall vest as of the date of termination. As of the Effective Time, the Company shall assume the Merger Restricted Stock, which shall vest and become free of such restrictions to the extent required by the terms thereof and shall be converted into the right to receive the Kmart Consideration, as defined in Section 2.5(a) of the Merger Agreement, in accordance with the Merger Agreement; provided that all Company Common Stock issuable upon conversion of such Merger Restricted Stock shall be subject to the same terms (including the vesting terms) as were applicable to such restricted shares of Kmart Common Stock in respect of which they are issued.
Sample 1
Additional Restricted Stock Grant. Subject to approval of the Board, Executive will be issued 700,000 shares of the Company’s Common Stock (the “Additional Restricted Stock”) at an issue price per share equal to the par value of $0.001 per share of such Common Stock, payable by Executive at the time of issuance, pursuant to the terms of the Company’s standard restricted stock purchase agreement (the “Additional Purchase Agreement”). In the event Executive’s services to the Company terminate for any reason, the Company will have the right to repurchase the Additional Restricted Stock at the per share par value price paid by Executive; provided, however, that the Company’s right of repurchase shall lapse with respect to 1/48th of the Additional Restricted Stock monthly, so that the Additional Restricted Stock will be fully vested four (4) years from the Effective Date, subject to Executive’s continued service to the Company through the relevant vesting dates.
Sample 1
Additional Restricted Stock Grant. On July 10, 2012, Employee shall be granted Eight Hundred Thousand (800,000) shares of restricted common stock of the Company (the “Additional Grant”). The terms and conditions of the Additional Grant are set forth in the Restricted Shares Grant Agreement attached hereto as Appendix B.”
Sample 1

Related to Additional Restricted Stock Grant

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 16% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee concludes employment on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro-rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment. In the way of example, if Employee has been employed for 9 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 25% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

  • Grant of Restricted Stock Units The Corporation hereby awards to the Participant, as of the Award Date, Restricted Stock Units under the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock on the date that unit vests in accordance with the express provisions of this Agreement. The number of shares of Common Stock subject to the awarded Restricted Stock Units, the applicable vesting schedule for those shares, the dates on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the award (the “Award”) shall be as set forth in this Agreement.

  • Stock Options; Restricted Stock The foregoing benefits are intended to be in addition to the value of any options to acquire Common Stock of the Company, the exercisability of which is accelerated pursuant to the terms of any stock option agreement, any restricted stock the vesting of which is accelerated pursuant to the terms of the restricted stock agreement, and any other incentive or similar plan heretofore or hereafter adopted by the Company.

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Grant of Restricted Share Units Subject to all of the terms and conditions of this Award Agreement and the Plan, the Company hereby grants to the Participant [ ] Class A restricted share units (the “RSUs”).

  • Payment of Restricted Stock Units (a) The Restricted Stock Units that have become non-forfeitable pursuant to Section 1 of this Schedule B will be paid in Common Shares transferred to you within 10 business days following the Vesting Date, provided, however, that, subject to Section 3(b) of this Schedule B, (i) in the event a Change of Control occurs prior to the Vesting Date or (ii) in the event your employment terminates on account of the reasons set forth in Section 1(b)(ii) of this Schedule B prior to the Vesting Date, the Restricted Stock Units will be paid within 10 business days following such Change of Control or the date of the termination of your employment, whichever applies. If PolyOne determines that it is required to withhold any federal, state, local or foreign taxes from any payment, PolyOne will withhold Common Shares with a Market Value per Share equal to the amount of these taxes from the payment. (b) If the event triggering the right to payment under Section 3(a) of this Schedule B does not constitute a permitted distribution event under Section 409A(a)(2) of the Code, then notwithstanding anything herein to the contrary, the payment of Common Shares will be made to you, to the extent necessary to comply with Section 409A of the Code, on the earliest of (i) your “separation from service” with PolyOne or a Subsidiary (determined in accordance with Section 409A) that occurs after the event giving rise to payment; (ii) the Vesting Date; or (iii) your death. In addition, if you are a “key employee” as determined pursuant to procedures adopted by PolyOne in compliance with Section 409A of the Code and any payment of Common Shares made pursuant to this Schedule B is considered to be a “deferral of compensation” (as such phrase is defined for purposes of Section 409A of the Code) that is payable upon your “separation from service” (within the meaning of Section 409A of the Code), then the payment date for such payment shall be the date that is the tenth business day of the seventh month after the date of your “separation from service” with PolyOne or a Subsidiary (determined in accordance with Section 409A of the Code).

  • Restricted Stock Award Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant Shares (the “Restricted Shares”), which shall vest and become nonforfeitable in accordance with Section 3 hereof.

  • Grant of Restricted Stock Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Committee hereby grants to the Participant 3,250 restricted shares (the “Restricted Stock”) of common stock of the Company, par value $0.01 per share (“Common Stock”).

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.

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