Deferred Share Award Sample Clauses

Deferred Share Award. The Employers hereby award to the Grantee the right to receive shares of Common Stock, subject to the terms and conditions of the Plan and the Program, and subject to the terms and conditions set forth in this Agreement. The Corporation shall establish and maintain a bookkeeping account for the Grantee to record the Deferred Shares and transactions and events affecting such Deferred Shares. The Deferred Shares and other items reflected in the account will represent only bookkeeping entries by the Corporation to evidence unfunded obligations of the Corporation.
Sample 1
AutoNDA by SimpleDocs
Deferred Share Award. On February 1, 2000, the Company will grant -------------------- the Executive an award evidencing a future right to receive 25,000 shares of Common Stock. The Executive shall earn a fully vested and non-forfeitable right to one-third of the shares subject to this award on December 1, 1999 and on each of the next two annual anniversary dates of the Effective Date; provided that his employment with the Company has not terminated prior to the particular vesting date, and provided further that vesting shall accelerate to 100% upon a Change in Control or resignation for Good Reason, or termination for reasons other than For Cause. The Company shall hold the Common Stock associated with this award and which have vested in an escrow account for distribution according to an election that the Executive makes more than one year before terminating employment. In the absence of a valid election, the shares will be transferred to the Executive within 30 days after his termination of employment for any reason.
Sample 1
Deferred Share Award. The Corporation hereby confirms the award to Grantee, effective as of the Award Date, of Deferred Share Awards covering [NUMBER OF SHARES] shares of Common Stock, par value $.50, of the Corporation (the “Deferred Shares”) under and subject to the terms and conditions of the Corporation’s Long-Term Profit Incentive Plan (2004) (the “Plan”) and this Agreement. This Agreement represents the Corporation’s promise to deliver the Deferred Shares to Grantee on the date(s) elected by Grantee pursuant to his effective Deferred Share Award Election, subject to the terms and conditions of this Agreement. The Plan is incorporated herein by reference and made a part hereof as though set forth herein in full. Terms which are capitalized herein but which are not defined herein shall have the same meaning as in the Plan unless the context otherwise requires.
Sample 1
Deferred Share Award. The Company hereby memorializes the grant to the Participant of the Deferred Shares listed in the Grant Notice as of the grant date specified in the Grant Notice (the “Grant Date”). Such number of Deferred Shares may be adjusted from time to time pursuant to Section 9 of the Plan, except as otherwise provided for pursuant to this Agreement.
Sample 1
Deferred Share Award 
Sample 1Sample 2Sample 3See All (7)

Related to Deferred Share Award

  • Share Award The Corporation hereby awards the Employee Shares (Shares) of Common Stock, par value $1.50 per share (Common Stock) of the Corporation pursuant to the 2007 Viad Corp Omnibus Incentive Plan (Plan), subject to the terms, conditions, and restrictions of such Plan and as hereinafter set forth.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • RESTRICTED STOCK UNITS AWARD The Compensation and Management Development Committee of the Board of Directors of Xxxxxxx-Xxxxx Squibb Company (the “Committee”) has granted to you as of the Award Date an Award of RSUs as designated herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the conditional right to receive, upon settlement of the RSU, one share of Xxxxxxx-Xxxxx Squibb Common Stock (“Common Stock”) or, at the discretion of the Company, the cash equivalent thereof (subject to any tax withholding as described in Section 4). The purpose of such Award is to motivate and retain you as an employee of the Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company’s future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to the Company or a subsidiary of the Company.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Stock Units As used herein, the term “Stock Unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Company’s Common Stock (“Share”) solely for purposes of the Plan and this Award Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to this Award Agreement. The Stock Units shall not be treated as property or as a trust fund of any kind.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • 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.

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