Grant Duration Sample Clauses

Grant Duration. Grants will ordinarily be awarded for a one-year period, but may be for a shorter or longer period, at the discretion of the Board. The Foundation may consider renewing a grant on a case- by-case basis if the Foundation has no information indicating that the original grant is being used for any purpose other than that for which it was made, any reports due at the time of the renewal decision pursuant to the terms of the original grant have been furnished, and the criteria and procedures for renewal are objective and nondiscriminatory.
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Grant Duration. The period that the Programme should continue to be implemented by the Grantee.
Grant Duration. The grant period for expenditure of these funds will commence on the date of this agreement and end on [termination date]. Extension of the grant period may be made in unusual circumstances, but only upon the express written authority of [Ministry X] made pursuant to a request received before the expiration of the original grant period. Any portion of the funds not used within the grant period and/or for the purpose stated above, must be immediately returned to [Ministry X].
Grant Duration. The Company grants Holder warrants (the "Warrants") to purchase up to 600,000 shares of Common Stock at the Exercise Price (as defined in section 2), subject to adjustment as provided in Section 8, during the period commencing on the date hereof and ending ten years hereafter (the "Exercise Period").
Grant Duration. While beneficiaries and company management alike were chiefly satisfied with the KFMW grant process, a theme that emerged in terms of impact was a strong desire for a longer grant duration or increased rounds of distribution. These sentiments were more frequently expressed in India than in Kenya. In the former country, some company leaders felt that no sustained impact could be achieved within the short time frame the grant was in place. Similarly, many beneficiaries were disappointed that the grant support only lasted 2 months, after which time they experienced difficulties in affording the distributed foods on their own. Fifty six percent of Indian respondents desired a continuation of the program and 11.8% desired an increase in frequency of food assistance. In a similar vein, some company leaders in India noted that the distribution quantity could not adequately support an entire family for a significant amount of time. Survey results also reflected this sentiment as 13.1% of respondents wanted an increase in the quantity of food assistance and 19.6% wanted the program to expand coverage to include workers’ household members. Many beneficiaries in Kenya longed for additional rounds of food distribution. Tea farmers for example requested more support noting that the distribution should not have been a one-time occurrence. Here, 51.1% of respondents voted for a continuation of the program and 8.7% for increased frequency of food assistance. To wholly understand the success or lack thereof of the grant and inform recommendations for future programming, data was also collected regarding its impact on the companies/workforces. In both countries, company leaders reported that in addition to the direct beneficiary benefits other outcomes of the KFMW grant were increased motivation, attendance, and productivity within their workforces. In the absence of going without sufficient food and the challenges associated with that, beneficiaries demonstrated a renewed drive to be at work and were better able to focus on their tasks. In accordance with these accounts, some beneficiaries, when surveyed, reported perceived improvements in their motivation and productivity at work. This was more so true in India where 39.1% and 42.2% of respondents reported improved motivation and productivity respectively. However, in Kenya, perceptions of increased work productivity were not measured and only 1 respondent reported increased motivation. Company leaders further shared that...

Related to Grant Duration

  • Grant Date The Grant Date of the Option hereby granted is .

  • Duration of Exercisability The installments provided for in Section 3.1 are cumulative. Each such installment which becomes exercisable pursuant to Section 3.1 shall remain exercisable until it becomes unexercisable under Section 3.3.

  • Exercisability This option shall be exercisable as to: 400 immediate This option shall remain exercisable as to all vested shares until January 1,2014 (but not later than ten (10) years from the date this option is granted) unless this option has expired or terminated earlier in accordance with the provisions hereof or in the Plan. Subject to paragraphs 4 and 5, shares as to which this option becomes exercisable pursuant to the foregoing provision may be purchased at any time prior to expiration of this option.

  • Period of Exercisability Section 3.1 - Commencement of Exercisability (a) Options shall become exercisable as follows: Percentage of Option Date Option Shares Granted As to Which Becomes Exercisable Option Is Exercisable ------------------- --------------------- After the first anniversary of the Trigger Date 20% After the second anniversary of the Trigger Date 40% After the third anniversary of the Trigger Date 60% After the fourth anniversary of the Trigger Date 80% After the fifth anniversary of the Trigger Date 100% Notwithstanding the foregoing, (x) no Options shall become exercisable prior to the time the Plan is approved by the Company's stockholders, and (y) subject to the immediately preceding clause (x), the Options shall become immediately exercisable as to 100% of the shares of Common Stock subject to such Options immediately prior to a Change of Control (but only to the extent such Options have not otherwise terminated or become exercisable). (b) Notwithstanding the foregoing, no Option shall become exercisable as to any additional shares of Common Stock following the termination of employment of the Optionee for any reason other than a termination of employment because of death or Permanent Disability of the Optionee, and any Option (other than as provided in the next succeeding sentence) which is non-exercisable as of the Optionee's termination of employment shall be immediately cancelled. In the event of a termination of employment because of such death or Permanent Disability, the Options shall immediately become exercisable as to all shares of Common Stock subject thereto.

  • Date of Grant The date that the Option is granted (the “Date of Grant”) is set forth above.

  • Commencement of Exercisability (a) Subject to Sections 3.1(b), 3.1(c) and 3.3, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) No portion of the Option which has not become vested and exercisable at the date of the Participant’s Termination of Services shall thereafter become vested and exercisable, except as may be otherwise provided by the Administrator or as set forth in a written agreement between the Company and the Participant. [

  • Stock Incentives Executive shall be entitled to such vesting or other benefits as are provided by the award agreement pertaining thereto.

  • Grant of the Option The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of Shares, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be $ (the “Option Price”). The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Internal Revenue Code of 1986, as amended.

  • Option Exercisability The Option shall terminate immediately upon the Participant’s termination of Service to the extent that it is then unvested and shall be exercisable after the Participant’s termination of Service to the extent it is then vested only during the applicable time period as determined below and thereafter shall terminate.

  • Grant of Award The Grantee is hereby granted a Restricted Stock Award under the Plan (this “Award”), subject to the terms and conditions hereinafter set forth, with respect to ONE HUNDRED EIGHTY-SEVEN THOUSAND FIVE HUNDRED (187,500) restricted shares of Common Stock (the “Performance-Based Shares”). Restricted shares of Common Stock covered by this Award shall be represented by a stock certificate registered in the Grantee’s name, or by uncertificated shares designated for the Grantee in book entry form on the records of the Company’s transfer agent subject to the restrictions set forth in this Agreement. Any stock certificate issued shall bear the following or a similar legend: “The transferability of this certificate and the shares of Common Stock represented hereby are subject to the terms, conditions and restrictions (including forfeiture) contained in the Pier 1 Imports, Inc. 2006 Stock Incentive Plan, as restated and amended, and the Restricted Stock Award Agreement entered into between the registered owner and Pier 1 Imports, Inc. A copy of such plan and agreement is on file in the offices of Pier 1 Imports, Inc., 000 Xxxx 0 Xxxxx, Xxxx Xxxxx, Xxxxx 00000.” Any Common Stock certificates or book-entry uncertificated shares evidencing such shares shall be held in custody by the Company or, if specified by the Committee, with a third party custodian or trustee, until the restrictions thereon shall have lapsed, and, as a condition of this Award, the Grantee shall deliver a stock power, duly endorsed in blank, relating to any certificated restricted shares of Common Stock covered by this Award.

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