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. On the Effective Date, Executive shall receive 90,910 shares of common stock of the Company (the "Initial Restricted Shares"), subject to the following restrictions and conditions:
(I) Executive shall be record owner of the Initial Restricted Shares, but all Initial Restricted Shares shall be held by the Company for the benefit of Executive subject to forfeiture in the amounts and conditions provided below, and simultaneously with issuance of such Initial Restricted Shares, Executive shall execute and deliver a blank stock power allowing the Company to transfer such Initial Restricted Shares in accordance with the terms and conditions set forth below:
(A) If, prior to the first anniversary of the Effective Date, the Employment Term has not been terminated pursuant to Sections 2.2(a) or (e), 18,182 of the Initial Restricted Shares then being held by the Company shall be released to Executive on the first anniversary of the Effective Date and shall no longer be subject to forfeiture by Executive, but the amount of 90,910 Initial Restricted Shares shall be forfeited by Executive and transferred to the Company only if the Employment Term has been terminated pursuant to Sections 2.2(a) or (e) prior to the first anniversary of the Effective Date;
(B) If, prior to the second anniversary of the Effective Date, the Employment Term has not been terminated pursuant to Sections 2.2(a) or (e), 18,182 of the Initial Restricted Shares then being held by the Company shall be released to Executive on the second anniversary of the Effective Date and shall no longer be subject to forfeiture by Executive, but the amount of 72,728 Initial Restricted Shares shall be forfeited by Executive and transferred to the Company only if the Employment Term has been terminated pursuant to Sections 2.2(a) or (e), on any date which is on or after the first anniversary of the Effective Date and prior to the second anniversary of the Effective Date;
(C) If, prior to the third anniversary of the Effective Date, the Employment Term has not been terminated pursuant to Sections 2.2(a) or (e), 18,182 of the Initial Restricted Shares then being held by the Company shall be released to Executive on the third anniversary of the Effective Date and shall no longer be subject to forfeiture by Executive, but the amount of 54,546 Initial Restricted Shares shall be forfeited by Executive and transferred to the Company only if the Employment Term has been terminated pursuant to Sections 2.2(a) or (e) on any...
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. 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. 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. 5.
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 date this Agreement is signed, but subject to approval by the Company's Board of Directors, Cerprobe will grant to Executive an option to purchase an aggregate of 200,000 shares of the Company's common stock, subject to the terms and conditions set forth in a separate stock option agreement.
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”).
Initial Stock Grant. As of April 25, 1996 the Company has granted one hundred fifteen thousand and eight hundred (115,800) shares of Common Stock at no cost (except the par value of such shares) to the Executive (the "Initial Shares"). The Initial Shares shall be "Restricted Stock" pursuant to, and as defined in, the 1989 Plan. The Restricted Stock Agreement under which the Initial Shares were granted is in the form of Exhibit A hereto and provides for the termination of all restrictions upon the underlying Common Stock no later than August 31, 1997.
Initial Stock Grant. In connection with the commencement of Executive’s employment, the Company will grant Executive a restricted stock award (the “Initial Award”) to purchase 10,000 shares of ActivCard Corp. Common Stock at a purchase price of $0.001 per share (the “Initial Shares”). The Initial Shares will vest in full upon Executive’s completion of one year of service measured from the Employment Date.
