Granted Shares Clause Samples

Granted Shares. The Shares awarded under this Plan shall be held in escrow with the Secretary of ARRIS Group, Inc. Such Shares shall be subject to the restrictions described in Section 3 of this Agreement until the Vesting Date for such Shares. Such Shares, when issued in accordance with this Agreement, shall be deemed to be fully paid and nonassessable.

Granted Shares. In the event that this Agreement and the Executive's employment with the Company terminates pursuant to paragraphs 7(a), (b), or (d) herein above, the Executive shall retain his rights in respect of vesting of the Granted Shares set forth in paragraph 6(b)(2)(a) herein above provided that, other than in the case of the Executive's death, the Executive continues to provide services to the Company (for example, in a consulting capacity or as a continuing member of the Company's Board of Directors) at the time of each such scheduled vesting date. In the event that this Agreement and the Executive's employment with the Company terminates pursuant to paragraphs 7(e), subject to the Executive's compliance with the restrictions set forth in paragraph 9 below, any granted stock that is not vested as of the time of termination will continue its eligibility to vest during the one (1) year period following termination. In the Event that this Agreement and the Executive's employment with the Company terminates pursuant to paragraph 7(c) and the Executive has resigned or been removed as a member of the Company's Board of Directors, the Executive's rights in respect of vesting of the Granted Shares set forth in paragraph 6(b)(2)(a) shall lapse as of the latest date of such termination, resignation and/or removal, pursuant to paragraph 6(b)(2)(b) and any unvested shares shall be forfeited.

Granted Shares. (a) Subject to and upon the terms and conditions of this Agreement, the Company hereby grants and issues to the Stockholder, and the Stockholder hereby acquires from the Company, ________(___) shares of Class A Common Stock (the “Granted Shares”). The grant and issuance by the Company of the Granted Shares to the Stockholder shall be for and in consideration of past services that Stockholder has rendered to the Company and/or any of its subsidiaries and future services that Stockholder shall provide to the Company and/or any of its subsidiaries in the course of Stockholder’s continued employment with the Company and/or any of its subsidiaries. The Stockholder shall not be required to make payment to the Company of any cash or property for the Shares. (b) If and to the extent that the Granted Shares are certificated (as determined by the Company), the Company shall prepare and duly execute one or more stock certificates, registered in the name of the Stockholder, representing the Granted Shares. Such stock certificate or stock certificates is or are endorsed with the legends set forth in Section 7(b) hereof. Together with such stock certificates (if any), the Stockholder shall duly execute and deliver to the Escrow Holder, to be held in escrow pursuant to the provisions of Section 5 hereof, stock powers or other appropriate instruments of assignment duly executed in blank by the Stockholder. Simultaneously with the execution and delivery of this Agreement by the parties hereto, the Stockholder is entering into and becoming a party to the Stockholders’ Agreement.