One-Time Equity Grant Clause Samples

One-Time Equity Grant. In recognition of the forfeiture by the Executive of certain SERP and long-term incentive amounts resulting from termination of employment with his former employer, the Executive will be entitled to a one-time grant, made on or about January 30, 2006, of 10,000 shares of restricted stock, which will vest ratably over a five (5) year period, commencing with the date of the grant. All vested shares shall be paid by no later than March 15 of the year following the end of each vesting period. Any such shares of restricted stock that are unvested as of the Executive’s termination of employment shall be forfeited in the event that the Executive terminates employment for any reason other than death, disability, retirement or a termination by the Company without cause.

One-Time Equity Grant. Solely in consideration of Executive’s execution of this Agreement, the Compensation Committee of the Board of Directors has authorized a one-time equity grant in the amount of Twenty-Five Thousand (25,000) shares of restricted stock to be issued to Executive to be granted September 1, 2013 (the “Grant Date”). The stock will vest as to twenty percent (20%) of the shares on each of the first five (5) anniversaries of the Grant Date and will be subject to the terms set forth in this Agreement and in the Company’s standard restricted stock agreement.

One-Time Equity Grant. Solely in consideration of Executive’s execution of this Agreement, the Compensation Committee of the Board of Directors has authorized (i) a one-time grant of 3,485 shares of restricted stock to be issued to Executive on the Effective Date and (ii) a one-time cash bonus in the amount of One Hundred Fifty Thousand Dollars ($150,000.00). The restricted stock will vest as to twenty percent (20%) of the shares on each of the first five anniversaries of the first day of the first full month following the Effective Date and will be subject to the terms set forth in this Agreement and in the Company’s standard restricted stock agreement.

One-Time Equity Grant. As soon as practicable after your start date, you will receive a one-time grant of time-based restricted stock as follows: a. 2,000 shares of time-based restricted stock, vesting 25% per year beginning on the second anniversary of grant date (the “Time-Based Award”); and b. If your employment is terminated by the Company without Cause or by you for Good Reason within one year from the date of hire, vesting will fully accelerate on 100% of the Time-Based Award.

One-Time Equity Grant. You will receive a one-time grant of time-based stock options and restricted stock as follows: a. 35,000 stock options, vesting 25% per year beginning on the second anniversary of grant date;

One-Time Equity Grant. Subject to approval of the Board, on your Start Date the Company will also grant you an additional equity award under the Omnibus Plan (the "Initial Award"). The Initial Award shall consist of (i) 51,111 New RSUs, and (ii) 172,698 Floating Options. The Fixed Options and the Floating Options included in the Initial Award shall have the lowest possible exercise price determined by the policies of the CSE based on the date the Board approves the grant, provided; however, in no circumstance will the exercise price be less than the "market price" as determined on the date that the Initial Award is granted for purposes of the policies of the CSE. The Initial Award will be subject to performance-based vesting under which 33 1/3% of each of the class of securities issued pursuant to Initial Award will vest if the Board determines that the Company achieved at least 90% of the Consolidated Adjusted EBITDA Target in respect of each of the fiscal years 2021-2023. The Initial Award will be granted under and subject to the terms of the Omnibus Plan and evidenced in writing by, and subject to the terms of the applicable award agreements in all respects.

One-Time Equity Grant. In connection with the Executive’s first day of employment with the Company, the Executive was granted a one-time equity grant valued at $150,000.00 using the Black-Scholes value consisting of stock options. This equity grant was issued and valued based upon the closing price of the Company’s common stock on the first day of the next open trading window following Executive’s first day of employment. The vesting for the equity grant began as of Executive’s start date and vests in five equal annual installments, with the first 20% vesting occurring on the first anniversary of Executive’s start date. The equity grant is subject to the terms and conditions of the Company’s 2011 Incentive Award Plan.

One-Time Equity Grant. Subject to approval by the Board (or its committee), the Executive will be eligible to receive a “One-time Equity Grant” of restricted stock units (“RSUs”) covering Company equity shares (“Shares”) having a “Value” equal to Rupees Nine Seventy-Five Lakhs (INR 97,500,000). The One Time Equity Grant Date shall be granted within sixty (60) days of the Effective Date (“Grant Date”). The One-time Equity Grant shall vest in two (2) installments, as follows: (x) fifty percent (50%) of the Shares subject to the One-time Equity Grant shall vest on the first anniversary of the Grant Date; and (y) the remaining fifty percent (50%) of the Shares subject to the One-time Equity Grant shall vest on the second anniversary of the Grant Date (each respectively, a “Vesting Date”).

One-Time Equity Grant. Employee shall receive a one time equity grant of restricted shares valued at $300,000 on the Start Date (the number of shares to be determined on the date of grant) which shall vest as follows: one-third (1/3) on the third year anniversary of the grant date, one-third (1/3) on the fourth year anniversary of the grant date and one-third (1/3) on the fifth year anniversary of the grant date, vesting one hundred percent (100%) on the fifth year anniversary of the Start Date and subject to the terms of the restricted stock agreement.