Common use of Discretionary Performance Shares Clause in Contracts

Discretionary Performance Shares. Executive may from time to time be granted shares of AWBC common stock (the “Discretionary Performance Shares”) as a Performance Stock award as AWBC, at AWBC’s sole discretion, may see fit. Any such Discretionary Performance Shares shall vest in accordance with the terms of the grant thereof, except that the provisions for immediate vesting thereof set forth in subparagraphs (b)(1)(v) and (c)(1)(iv) of Section 11 of this Agreement shall apply to any such Discretionary Performance Shares.

Appears in 2 contracts

Samples: Employment Agreement (Americanwest Bancorporation), Employment Agreement (Americanwest Bancorporation)

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Discretionary Performance Shares. Executive Employer may from time to time be granted grant Executive shares of AWBC common stock (the “Discretionary Performance Shares”) as a Performance Stock award as AWBCEmployer, at AWBCEmployer’s sole discretion, may see fit. Any such Discretionary Performance Shares shall vest in accordance with the terms of the grant thereof, except that the provisions for immediate vesting thereof set forth in subparagraphs (b)(1)(v) and (c)(1)(iv) of Section 11 of this Agreement shall apply to any such Discretionary Performance Shares.

Appears in 2 contracts

Samples: Employment Agreement (Americanwest Bancorporation), Employment Agreement (Americanwest Bancorporation)

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