Initial Stock Grant. On the Effective Date, the Employer will grant Employee a stock award under its Long Term Incentive Plan having a value equal to 100% of the Employee’s initial annualized base salary of $375,000. The value of the stock granted will be the closing price of the Common Stock of Standex International Corporation on the Effective Date and will vest in three equal installments on January 26, 2016, January 26, 2017 and January 26, 2018. The award and payouts made will be governed by the terms of the Long Term Incentive Plan of the Employer.
Initial Stock Grant. Subject to the approval of the Compensation Committee of the Board of Directors of RadNet, Inc., a Delaware corporation, which is the Company’s parent entity (“RNI”), Employee shall receive in 2020 a grant of 25,000 restricted common shares of RNI (“RS Award”) under RNI’S 2006 Equity Incentive Plan as amended (“Plan”). Subject to Employee’s continuous service, twenty percent (20%) of the RS Award (or 5,000 shares) shall incrementally vest on the RS Award grant date and on each of the first four anniversaries of the RS Award grant date. The RS Award shall be governed by the Plan and the RS Award grant agreement which Employee must timely execute as a condition of grant.
Initial Stock Grant. On the Effective Date, Executive shall receive 27,273 shares of common stock of the Company (the "Initial Restricted Shares"), subject to the following restrictions and conditions:
Initial Stock Grant. Promptly after the Effective Date, but in no event later than five days following the Effective Date, you shall be granted a number of restricted stock units of the Company with an aggregate grant date value of $6,000,000.00 (the “Initial Stock Grant”), in accordance with the Company’s Amended and Restated 2009 Incentive Plan, or any successor plan (the “Plan”). The Initial Stock Grant shall vest in three equal installments, with one-third vesting on the first anniversary of the Effective Date, one-third vesting on the second anniversary of the Effective Date and one-third vesting on the third anniversary of the Effective Date, except that, subject to Sections 3.9(a), (c) and (d) and 3.10(a), no installment shall vest unless you are still employed by the Company on such vesting dates.
Initial Stock Grant. In addition, upon execution of this Agreement, Executive shall be granted such number of shares of NIKE, Inc. Class B Common Stock as are sufficient to equal a market price of Three Hundred Thirty Three Thousand Dollars ($333,000) at the close of trading on the date of this Agreement. All of the shares granted pursuant to this section shall be fully vested at the time of grant.
Initial Stock Grant. On the date of the Corporation's next annual meeting, the Corporation shall grant Executive 10,000 shares of restricted common stock (the "Restricted Shares"). The restrictions on twenty five percent (25%) of the Restricted Shares shall lapse, and such Restricted Shares shall become unrestricted, at the end of each of the four quarters following the date of grant. In the event Executive ceases to be either an employee or director of the Corporation, the ownership of any Restricted Shares granted pursuant to this Section 4.3(b) that have not become unrestricted prior to the date that Executive ceases to be either an employee or director of the Corporation shall revert to the Corporation.
Initial Stock Grant. As of the Executive’s first day of employment as chief executive officer of the Company, the Company shall award the Executive a combination of fully vested and restricted shares of the Company’s common stock under the Company’s 1998 Stock Incentive Plan. Restricted shares shall be revocable until fully vested.
Initial Stock Grant. Executive will receive 225,000 shares of the Company’s non-voting common stock representing 2.25% of its fully diluted common stock pursuant to the Company’s 2005 Restricted Stock Plan (referred to as the “Initial Stock Grant”). If Executive succeeds to the position of CEO, then Executive will receive 125,000 shares of the Company’s non-voting common stock representing an additional 1.25% of its fully diluted common stock pursuant to the 2005 Restricted Stock Plan, or such other stock plan as may be in effect at the time of such grant.
Initial Stock Grant. Under the Original Agreement, Plains Energy issued to Employee an aggregate of six hundred thousand (600,000) shares (the “Plains Energy Shares”) of Plains Energy’s common stock, par value one-tenth of one cent ($0.001) per share (“Plains Energy Common Stock”), of which one hundred fifty thousand (150,000) vested immediately and the remaining four hundred fifty thousand (450,000) restricted shares (such 450,000 shares are referred to as the “Plains Energy Restricted Shares”) were to vest pursuant to the provisions of Sections 3.5 below, and all of the Plains Energy Shares were subject to the provisions of Section 3.6 below. In connection with the Merger, each one of the Plains Energy Shares was exchanged into 0.86836131 of one (1) share of ante4 common stock, par value one-tenth of one cent ($0.001) per share (“ante4 Common Stock”), rounded up to the nearest whole share, for an aggregate of five hundred twenty-one thousand seventeen (521,017) shares of ante4 Common Stock (the “ante4 Shares”), of which one hundred thirty thousand two hundred fifty-four (130,254) vested immediately upon consummation of the Merger and the remaining three hundred ninety thousand seven hundred sixty-three (390,763) (such 390,763 shares are referred to as the “ante4 Restricted Shares”) shall vest pursuant to the provisions of Section 3.5 below. All of the ante4 Shares shall be subject to the provisions of Section 3.6 below.
Initial Stock Grant. On the Effective Date the Company shall issue Executive (the “Initial Grant”) a number of shares of common stock of the Company (“Common Stock”) calculated by dividing $200,000 by the closing price of a share of Common Stock on the Effective Date (the “Closing Price”). The Initial Grant shall be immediately fully vested and governed by the Avatar Holdings Inc. Amended and Restated 1997 Incentive and Capital Accumulation Plan (2011 Restatement) (the “CAP Plan”).
