Common use of Company Matching Contribution Clause in Contracts

Company Matching Contribution. For each four shares of Restricted Stock acquired by the Participant pursuant to Section 1 above, whether in respect of base salary or bonus reductions, the Company shall simultaneously issue or allocate to the account of the Participant, for no additional consideration, one additional share of Restricted Stock (the “Company Match”), including fractional shares where necessary.

Appears in 2 contracts

Samples: Share Purchase Agreement (Sanderson Farms Inc), Share Purchase Agreement (Sanderson Farms Inc)

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Company Matching Contribution. For each four shares of Restricted Stock acquired by the Participant pursuant to Section 1 above, whether in respect of base salary or bonus reductions, the Company shall simultaneously issue for or allocate there shall be allocated to the account of the Participant, for no additional consideration, one additional share of Restricted Stock (the "Company Match"), including fractional shares where necessary.

Appears in 1 contract

Samples: Share Purchase Agreement (Sanderson Farms Inc)

Company Matching Contribution. For each four shares of Restricted Stock acquired by the Participant pursuant to Section 1 above, whether in respect of base salary or bonus reductions, the Company shall simultaneously issue or allocate to the account of the Participant, for no additional consideration, one additional share of Restricted Stock (the "Company Match"), including fractional shares where necessary.

Appears in 1 contract

Samples: Share Purchase Agreement (Sanderson Farms Inc)

Company Matching Contribution. For each four shares of Restricted Stock acquired by the Participant pursuant to Section 1 above, whether in respect of base salary or bonus reductions, the Company shall simultaneously issue to, or allocate there shall be allocated to the account of the Participant, for no additional consideration, one additional share of Restricted Stock (the "Company Match"), including fractional shares where necessary.

Appears in 1 contract

Samples: Share Purchase Agreement (Sanderson Farms Inc)

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Company Matching Contribution. For each four shares of Restricted Stock acquired by the Participant pursuant to Section 1 above, whether in respect of base salary or bonus reductions, the Company shall simultaneously issue or allocate to the account of the Participant, for no additional consideration, one additional share of Restricted Stock (the “Company Match”), including fractional shares where necessary.

Appears in 1 contract

Samples: Share Purchase Agreement (Sanderson Farms Inc)

Company Matching Contribution. For each four shares of Restricted Stock acquired by the Participant pursuant to Section 1 above, whether in respect of base salary or bonus reductions, the Company shall simultaneously issue or allocate to the account of the Participant, for no additional consideration, one additional share of Restricted Stock (the "Company Match"), including fractional shares where necessary.

Appears in 1 contract

Samples: Share Purchase Agreement (Sanderson Farms Inc)

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