Common use of Bonus Stock Clause in Contracts

Bonus Stock. A. Subject to the provisions of this Plan, the Committee is hereby authorized to award Bonus Stock to Employees. B. Bonus Stock shall be Shares that shall be issued at such times, subject to achievement of such performance or other goals and on such other terms and conditions as the Committee shall deem appropriate.

Appears in 3 contracts

Samples: Employee Stock Option Plan (American Mobile Satellite Corp), Employee Stock Option Plan (American Mobile Satellite Corp), Stock Award Plan (Motient Corp)

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Bonus Stock. A. Subject to the provisions of this Plan, the Committee is hereby authorized to award Bonus Stock to Employees. B. Bonus Stock shall be Shares that shall be issued at such times, subject to achievement of such performance or other goals and on such other terms and conditions as the Committee shall deem appropriate.

Appears in 1 contract

Samples: Stock Award Plan (American Mobile Satellite Corp)

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