CONSIDERATION FOR AWARD Sample Clauses

CONSIDERATION FOR AWARD. The consideration for the RSUs is your continued service to the Corporation as an Employee during the Restricted Period set forth below. If you do not continue to perform services for the Corporation as an Employee during the entire Restricted Period as set forth below under “RESTRICTED PERIOD, FORFEITURE,” your Award will be forfeited in whole or in part.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
CONSIDERATION FOR AWARD. The Company acknowledges your payment of full consideration for the Award in the form of services previously rendered and/or services to be rendered hereafter to the Company (in either case, in an amount equal to no less than the aggregate par value of the shares of the subject to the Award).
Sample 1Sample 2Sample 3See All (5)
CONSIDERATION FOR AWARD. Holder hereby agrees promptly to deliver to the Company in consideration for the award of Shares [DESCRIBE STOCK OPTIONS GRANTS, DATES AND AMOUNTS] which are hereby canceled and are hereafter null, void and of no further force or effect.
Sample 1Sample 2
CONSIDERATION FOR AWARD. The consideration for the Restricted Stock is your continued service to the Corporation as a full-time employee during the Restricted Period set forth below and the consideration provided under the unanimous written consent of the board of directors dated even herewith. If you do not continue to perform services for the Corporation as a full-time employee during the entire Restricted Period, your award will be forfeited in whole or in part, as applicable.
Sample 1
CONSIDERATION FOR AWARD. This Award was granted in consideration of Participant’s services to the Company. Subject to Section 10, except as otherwise provided in the Grant Notice, Participant will not be required to make any payment to the Company (other than the provision of past and future services for the Company) with respect to Participant’s receipt of the Award, vesting of the PSUs, or the delivery of the shares of Common Stock underlying the PSUs.
Sample 1
CONSIDERATION FOR AWARD. The consideration for the RSUs is your continued service to the Corporation as an Employee through the second anniversary of the Award Date. If you do not continue to perform services for the Corporation as an Employee through the second anniversary of the Award Date, your Award will be forfeited in whole or in part, as set forth below under “VESTING AND FORFEITURE.”
Sample 1

Related to CONSIDERATION FOR AWARD

  • Consideration for Stock In case at any time Common Stock or Convertible Securities or any rights or options to purchase any such Common Stock or Convertible Securities shall be issued or sold for cash, the consideration therefor shall be deemed to be the amount received by the Company therefor. In case at any time any Common Stock, Convertible Securities or any rights or options to purchase any such Common Stock or Convertible Securities shall be issued or sold for consideration other than cash, the amount of the consideration other than cash received by the Company shall be deemed to be the fair value of such consideration, as determined reasonably and in good faith by the Board of Directors of the Company. In case at any time any Common Stock, Convertible Securities or any rights or options to purchase any Common Stock or Convertible Securities shall be issued in connection with any merger or consolidation in which the Company is the surviving corporation, the amount of consideration received therefor shall be deemed to be the fair value, as determined reasonably and in good faith by the Board of Directors of the Company, of such portion of the assets and business of the nonsurviving corporation as such Board of Directors may determine to be attributable to such Common Stock, Convertible Securities, rights or options as the case may be. In case at any time any rights or options to purchase any shares of Common Stock or Convertible Securities shall be issued in connection with the issuance and sale of other securities of the Company, together consisting of one integral transaction in which no consideration is allocated to such rights or options by the parties, such rights or options shall be deemed to have been issued with consideration.

  • Basis for Award The Award is made under the Plan pursuant to Section 6(f) thereof.

  • Option Award The Company hereby awards Grantee an Option to purchase shares of Company common stock, par value $.01 per share (“Shares”), pursuant to this Agreement at an exercise price per Share of $XX.XX, subject to the terms and conditions set forth herein and in the Plan. The Option may not be exercised in whole or in part as of the Grant Date, and becomes exercisable only if and to the extent provided in the following paragraphs and otherwise subject to and in accordance with the Plan.

  • Stock Grant Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee’s employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of common stock then subject to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded.

Time is Money Join Law Insider Premium to draft better contracts faster.