Grant of Common Shares. Promptly after the Effective Date, the Company agrees to issue to Xxxxxx $150,000 in fair market value of the Company’s Common Shares (the “Awarded Common Shares”), as such fair market value is determined as of the Effective Date, and in the good faith discretion of the Company’s Board of Directors.
Grant of Common Shares. Subject to the restrictions, terms and conditions of this Agreement, the Company granted to the Participant on the Grant Date [_________] shares of duly authorized, validly issued, fully paid and non-assessable Common Share (the “Shares”). Pursuant to Sections 2, 3(c) and 3(d) hereof, the Shares are subject to certain transfer restrictions and possible risk of forfeiture. While such restrictions are in effect, the Shares subject to such restrictions shall be referred to herein as “Restricted Shares.”
Grant of Common Shares. Subject to Section 3(e) and to the extent that Section 2(b)(ii) does not apply, on each Share Issuance Date (unless such date is the date of consummation of a Change in Control), the Company shall, subject to the Grantee’s continued employment with the Company from the Grant Date through the applicable Share Issuance Date, deliver to the Grantee a number of Common Shares (either by delivering one or more certificates for such shares or by entering such shares in book entry form, as determined by the Company in its sole discretion) equal to 50% of the number of Common Shares that are issuable pursuant to Section 3(b). Upon each Share Issuance Date, all Notional Units in respect of which Common Shares are issued shall automatically and immediately be forfeited by the Grantee without any action by any other person or entity and for no other consideration whatsoever, and the Grantee and any beneficiary or personal representative thereof, as the case may be, will be entitled to no further payments or benefits with respect to such Notional Units.
Grant of Common Shares. The Executive will be granted common shares of 50,000 shares of restricted stock of the Company pursuant to that Option Agreement dated March 6, 2014 (the “Option Agreement”) on the signing of this Agreement and will be granted an additional 50,0(X) common shares on December 31.2017 and an additional 50,000 common shares on December 31.2018. The disposition, transfer or sale of the common shares granted in the Option Agreement is subject to the terms and conditions of the Option Agreement and the Company’s 2014 Equity Incentive Plan..
Grant of Common Shares. As of [Month] [Day], [Year], the Company has granted to Participant [Shares Acquired] Common Shares, as defined below, pursuant to the Plan at a per share value based on the average of the high and low share prices effective the [Day] before the [Month] meeting of the Board of Trustees (dollar amount).
Grant of Common Shares. Subject to and upon the terms, conditions and restrictions set forth in this Agreement and in the National Interstate Corporation Long Term Incentive Plan (the “Plan”), the Company hereby grants to the Grantee as of the Date of Grant 5,104 Common Shares (the “Common Shares”), plus an additional award of cash in the amount of $61,009 (the “Cash Award”). The Common Shares covered by this Agreement shall be fully vested and transferable at all times on and after the Date of Grant. The Company shall deliver the Common Shares and pay the Cash Award to the Grantee as soon as administratively practicable following the Date of Grant.
Grant of Common Shares. Pursuant to Article 7 of the Plan, the Company hereby issues to the Grantee on the Grant Date a Common Shares Award consisting of a number of Common Shares of the Company (the “Common Shares”) set forth on the Grant Notice attached on Appendix A, on the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
