Additional Restricted Stock Grant Sample Clauses

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
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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. 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
Sample 1
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

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 22% 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’s employment concludes 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 date. In the way of example, if Employee has been employed for 18 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 50% 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 Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing 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 Payment of Restricted Stock Units that vest pursuant to this Section shall be made in Shares (or, if applicable, settlement in the same consideration paid to the stockholders of the Company pursuant to the Change in Control), as soon as practicable following the applicable vesting date. The Restricted Stock Units are intended to be exempt from application of Section 409A of the Code, and any ambiguities set forth herein shall be interpreted accordingly. However, to the extent that an exemption is not available and the Restricted Stock Units are “deferred compensation” subject to the requirements of Section 409A of the Code, the following provisions shall apply and shall supersede anything to the contrary set forth herein and in the Plan to the extent required for the settlement of the Restricted Stock Units to comply with the requirements of Section 409A of the Code. In a Change in Control or Corporate Transaction the Award must be assumed, continued or substituted by the Surviving Corporation or the Parent Corporation and any Shares scheduled to be issued upon an applicable scheduled Vest Date may not be earlier issued unless the Change in Control or Corporate Transaction is also a change in the ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company as described in Code Section 409A(a)(2)(A)(iv) and an exemption is available and elected under Treasury Regulation 1.409A-3(j)(4)(ix)(B) or such earlier issuance of the Shares is otherwise permitted by Section 409A of the Code. The Company retains the right to provide for earlier issuance of Shares in settlement of the Restricted Stock Units to the extent permitted by 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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