Common use of Long-term Consideration for Award Clause in Contracts

Long-term Consideration for Award. The Participant recognizes and agrees that the Company’s key consideration in granting this Option is securing the long-term Restricted Stock Unit Award Agreement Versar, Inc. 2005 Stock Incentive Plan commitment of the Participant to serve as a _________ who will advance and promote the Company’s business interests and objectives. Accordingly, the Participant agrees that this Award shall be subject to the terms and conditions set forth in Section 25 of the Plan (relating to the termination, rescission, and recapture if you violate certain commitments made therein to the Company), as well as to the following terms and conditions as material and indivisible consideration for this Award:

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Versar Inc)

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Long-term Consideration for Award. The Participant recognizes and agrees that the Company’s key consideration in granting this Option Award is securing the long-term Restricted Stock Unit Appreciation Rights Award Agreement Versar, Inc. 2005 Stock Incentive Plan commitment of the Participant to serve as a _________ who will advance and promote the Company’s business interests and objectives. Accordingly, the Participant agrees that this Award shall be subject to the terms and conditions set forth in Section 25 of the Plan (relating to the termination, rescission, and recapture if you violate certain commitments made therein to the Company), as well as to the following terms and conditions as material and indivisible consideration for this Award:

Appears in 1 contract

Samples: Sar Award Agreement (Versar Inc)

Long-term Consideration for Award. The Participant recognizes and agrees that the Company’s key consideration in granting this Option Award is securing the long-term Restricted Stock Unit Award Agreement Versar, Inc. 2005 Stock Incentive Plan commitment of the Participant to serve as a _________ who will advance and promote the Company’s business interests and objectives. Accordingly, the Participant agrees that this Award shall be subject to the terms and conditions set forth in Section 25 of the Plan (relating to the termination, rescission, and recapture if you violate certain commitments made therein to the Company), as well as to the following terms and conditions as material and indivisible consideration for this Award:: Stock Appreciation Rights Award Versar, Inc. 2010 Stock Incentive Plan

Appears in 1 contract

Samples: Sar Award Agreement (Versar Inc)

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Long-term Consideration for Award. The Participant recognizes and agrees that the Company’s key consideration in granting this Option Award is securing the long-term Restricted Stock Unit Award Agreement Versar, Inc. 2005 Stock Incentive Plan commitment of the Participant to serve as a _________ trusted executive officer who will advance and promote the Company’s business interests and objectives. Accordingly, the Participant agrees that this Award shall be subject to the terms and conditions set forth in Section 25 of the Plan (relating to the termination, rescission, and recapture if you violate certain commitments made therein to the Restricted Share Award Agreement Versar, Inc. 2005 Stock Incentive Plan Company), as well as to the following terms and conditions as material and indivisible consideration for this Award:

Appears in 1 contract

Samples: Restricted Share Award Agreement (Versar Inc)

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