Grant of Reload Option Sample Clauses

Grant of Reload Option. 1.1 The Corporation hereby confirms the grant to the Optionee on [DATE OF GRANT] (the “Date of Grant”) of an option (the “Reload Option”) to purchase [SHARES] shares of Common Stock of the Corporation (the “Common Stock”) at a price of [PRICE] per share (the “Option Price”), under and subject to the terms and conditions of the Corporation’s Long-Term Profit Incentive Plan (2004) (the “Plan”) and the Stock Option Agreement between the Corporation and the Optionee dated as of [DATE] (the “Option”). The Reload Option confirmed hereby is not, and should not be construed to be, an incentive stock option under Section 422A of the Internal Revenue Code, as amended.
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Grant of Reload Option. 1.1 The Corporation hereby confirms the grant to the Optionee on [DATE OF GRANT] (the “Date of Grant”) of an option (the “Reload Option”) to purchase [SHARES] shares of Common Stock of the Corporation (the “Common Stock”) at a price of [PRICE] per share (the “Option Price”), which is the Fair Market Value of the shares of Common Stock covered by the Reload Option on the Date of Grant, under and subject to the terms and conditions of the Corporation’s Long-Term Profit Incentive Plan (2004) (the “Plan”) and the Stock Option Agreement between the Corporation and the Optionee dated as of [DATE] (the “Option”). The Reload Option confirmed hereby is not, and should not be construed to be, an incentive stock option under Section 422 of the Internal Revenue Code, as amended.
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Grant of Reload Option. In the event you exercise all or any portion of the Option (the “Exercised Option”) and pay all or part of the Option Price with shares of Common Stock, the Company hereby grants to you (or such other persons as permitted by paragraph 6 below) an additional option (a “Reload Option”) for a number of Option Shares equal to the number of shares of Common Stock tendered or withheld in payment of the Option Price plus the number of shares of Common Stock, if any, tendered or withheld by you or withheld by the Company to satisfy any federal, state or local tax withholding requirements in connection with the exercise of the Exercised Option. The terms of each Reload Option, including the date of its expiration and the terms and conditions of its exercisability and transferability, shall be the same as the terms of the Exercised Option to which it relates, except that (i) the grant date for each Reload Option shall be the date of exercise of the Exercised Option to which it relates and (ii) the exercise price for each Reload Option shall be the Fair Market Value of the Common Stock on the grant date of the Reload Option.
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Grant of Reload Option. Provided that the Optionee exercises all or a portion of the original Option while a Senior Executive and in the manner specified in Section 3 below, the Optionee shall be granted a Reload Option upon the terms and conditions set forth in a Reload Nonstatutory Stock Option Agreement to be entered into by the Optionee and the Corporation following the exercise of the original Option; provided, however, that the Committee in its sole discretion may cancel the Optionee's right to receive a Reload Option at any time prior to the first anniversary of the Date of Grant shown above.
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Grant of Reload Option. Provided that Optionee exercises all or a portion of the Original Option while employed by PNC or one of its Subsidiaries and in the manner specified in Section 3 of this Addendum, Optionee will be granted a Reload Option, as set forth in Section 4 of this Addendum, in connection with each such exercise. Such Reload Option will be granted upon the terms and conditions set forth in a Reload Nonstatutory Stock Option Agreement provided to Optionee for such grant by PNC following the exercise of the Original Option, subject to Optionee’s timely acceptance of such grant in the manner specified in such Reload Nonstatutory Stock Option Agreement.
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Grant of Reload Option 
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Related to Grant of Reload Option

  • Grant of Stock Option The Company hereby grants the Optionee an Option to purchase shares of Common Stock, subject to the following terms and conditions and subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. The Option is not intended to be and shall not be qualified as an “incentive stock option” under Section 422 of the Code.

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

  • Grant of Restricted Stock Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Committee hereby grants to the Participant 3,250 restricted shares (the “Restricted Stock”) of common stock of the Company, par value $0.01 per share (“Common Stock”).

  • Grant of RSUs The Company hereby grants to the Grantee the Award of RSUs, as set forth in the Award letter. An RSU is the right, subject to the terms and conditions of the Plan and this Agreement, to receive a distribution of a share of Common Stock for each RSU as described in Section 6 of this Agreement.

  • Grant of Option The Corporation hereby grants to Optionee, as of the Grant Date, an option to purchase up to the number of Option Shares specified in the Grant Notice. The Option Shares shall be purchasable from time to time during the option term specified in Paragraph 2 at the Exercise Price.

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Grant of Restricted Shares Effective as of the Grant Date, the Company shall cause to be issued in the Executive’s name the following Shares as Restricted Shares: shares of the Company’s common stock, $.01 par value. The Company shall cause certificates evidencing the Restricted Shares, and any shares of Stock or rights to acquire shares of Stock distributed by the Company in respect of Restricted Shares during any Period of Restriction (the “Retained Distributions”), to be issued in the Executive’s name. During the Period of Restriction such certificates shall bear a restrictive legend to the effect that ownership of such Restricted Shares (and any Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to the restrictions, terms, and conditions provided in the Plan and this Agreement. The Executive shall have the right to vote the Restricted Shares awarded to the Executive and to receive and retain all regular dividends paid in cash or property (other than Retained Distributions), and to exercise all other rights, powers and privileges of a holder of Shares, with respect to such Restricted Shares, with the exception that (a) the Executive shall not be entitled to delivery of the stock certificate or certificates representing such Restricted Shares until the Forfeiture Restrictions applicable thereto shall have expired, (b) the Company shall retain custody of all Retained Distributions made or declared with respect to the Restricted Shares (and such Retained Distributions shall be subject to the same restrictions, terms and conditions as are applicable to the Restricted Shares) until such time, if ever, as the Restricted Shares with respect to which such Retained Distributions shall have been made, paid, or declared shall have become vested, and such Retained Distributions shall not bear interest or be segregated in separate accounts and (c) the Executive may not sell, assign, transfer, pledge, exchange, encumber, or dispose of the Restricted Shares or any Retained Distributions during the Period of Restriction. Upon issuance the certificates shall be delivered to such depository as may be designated by the Committee as a depository for safekeeping until the forfeiture of such Restricted Shares occurs or the Forfeiture Restrictions lapse, together with stock powers or other instruments of assignment, each endorsed in blank, which will permit transfer to the Company of all or any portion of the Restricted Shares and any securities constituting Retained Distributions which shall be forfeited in accordance with the Plan and this Agreement. In accepting the award of Shares set forth in this Agreement the Executive accepts and agrees to be bound by all the terms and conditions of the Plan and this Agreement.

  • Grant of Restricted Share Units Subject to all of the terms and conditions of this Award Agreement and the Plan, the Company hereby grants to the Participant [ ] Class A restricted share units (the “RSUs”).

  • Grant of Restricted Stock Units The Corporation hereby awards to the Participant, as of the Award Date, Restricted Stock Units under the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock on the date that unit vests in accordance with the express provisions of this Agreement. The number of shares of Common Stock subject to the awarded Restricted Stock Units, the applicable vesting schedule for those shares, the dates on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the award (the “Award”) shall be as set forth in this Agreement.

  • Grant of Stock Options This non-qualified Stock Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.

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