Equity Incentive. Upon the effectiveness of the merger, new Entegris will award you 75,000 shares of restricted stock in new Entegris. The restrictions will lapse with respect to 37.5% of this award on December 31, 2005; an additional 5.21% on the last business day of each of the twelve fiscal quarters of new Entegris following the closing of the 153 Merger. Prior to the time that restrictions lapse, the restricted stock will be non-transferable and will be subject to the risk of forfeiture if your employment with new Entegris terminates. This award will be subject to the terms of the new Entegris standard restricted stock award agreement.
Appears in 1 contract
Samples: Letter Agreement (Mykrolis Corp)
Equity Incentive. Upon the effectiveness of the merger, new Entegris will award you 75,000 100,000 shares of restricted stock in new Entegris. The restrictions will lapse with respect to 37.5% of this award on December 31, 2005; an additional 5.21% on the last business day of each of the twelve fiscal quarters of new Entegris following the closing of the 153 Merger. Prior to the time that restrictions lapse, the restricted stock will be non-transferable and will be subject to the risk of forfeiture if your employment with new Entegris terminates. This award will be subject to the terms of the new Entegris standard restricted stock award agreement.
Appears in 1 contract
Samples: Letter Agreement (Mykrolis Corp)
Equity Incentive. Upon the effectiveness of the merger, new Entegris will award you 75,000 100,000 shares of restricted stock in new Entegris. The restrictions will lapse with respect to 37.5% of this award on December 31, 2005; an additional 5.21% on the last business day of each of the 143 twelve fiscal quarters of new Entegris following the closing of the 153 Merger. Prior to the time that restrictions lapse, the restricted stock will be non-transferable and will be subject to the risk of forfeiture if your employment with new Entegris terminates. This award will be subject to the terms of the new Entegris standard restricted stock award agreement.
Appears in 1 contract
Samples: Letter Agreement (Mykrolis Corp)
Equity Incentive. Upon the effectiveness of the merger, new Entegris will award you 75,000 shares of restricted stock in new Entegris. The restrictions 158 will lapse with respect to 37.5% of this award on December 31, 2005; an additional 5.21% on the last business day of each of the twelve fiscal quarters of new Entegris following the closing of the 153 Merger. Prior to the time that restrictions lapse, the restricted stock will be non-transferable and will be subject to the risk of forfeiture if your employment with new Entegris terminates. This award will be subject to the terms of the new Entegris standard restricted stock award agreement.
Appears in 1 contract
Samples: Letter Agreement (Mykrolis Corp)
Equity Incentive. Upon the effectiveness of the merger, new Entegris will award you 75,000 200,000 shares of restricted stock in new Entegris. The restrictions will lapse with respect to 37.5% of this award on December 31, 2005; an additional 5.21% on the last business day of each of the twelve fiscal quarters of new Entegris following the closing of the 153 Merger. Prior to the time that restrictions lapse, the restricted stock will be non-transferable and will be subject to the risk of forfeiture if your employment with new Entegris terminates. This award will be subject to the terms of the new Entegris standard restricted stock award agreement.
Appears in 1 contract
Samples: Letter Agreement (Mykrolis Corp)
Equity Incentive. Upon the effectiveness of the merger, new Entegris will award you 75,000 150,000 shares of restricted stock in new Entegris. The restrictions will lapse with respect to 37.5% of this award on December 31, 2005; an additional 5.21% on the last business day of each of the twelve fiscal quarters of new Entegris following the closing of the 153 Merger. Prior to the time that restrictions lapse, the restricted stock 133 will be non-transferable and will be subject to the risk of forfeiture if your employment with new Entegris terminates. This award will be subject to the terms of the new Entegris standard restricted stock award agreement.
Appears in 1 contract
Samples: Letter Agreement (Mykrolis Corp)