One-Time Grant. 6.1 This is a one time only grant subject to the terms and conditions agreed to herein and in the Guidelines. This grant does not imply nor obligate any future funding commitment on the part of LACMTA.
One-Time Grant. In addition to the Base Compensation and Annual Bonus, Executive shall be eligible to receive an equity award grant subject to the terms and conditions set forth on Schedule 2 hereto (the “One-Time Grant”).
One-Time Grant. In addition to the quarterly grants to which a Nonemployee Director is entitled, as described in (a) above, upon his or her initial election to the Board, a Nonemployee Director shall receive a Stock Grant for the number of full Shares having a Fair Market Value on the date of his or her appointment to the Board equal to, or if not equal to, closest in value to without exceeding, $120,000 to vest in equal installments over a period of three years, one-third on each anniversary of the grant date.
One-Time Grant. On or as soon as practicable following the Effective Date, Executive shall receive a one-time grant of PSUs with a grant date value of $455,000 and a one-time grant of RSUs with a grant date value of $300,000, in each case subject to the terms and conditions of the Equity Plan and an RSU agreement and PSU agreement to be provided to Executive by the Company.
One-Time Grant. This is a one time only grant subject to the terms and conditions agreed to herein and in the Guidelines.
One-Time Grant. An initial grant of 2,000 shares of CyberGuard restricted stock with a date of granx xxxxx xxxal to the close of market on June 27, 1997 will be granted with a restriction that the shares cannot be sold until January 1, 1998.
One-Time Grant. As an inducement for Executive to accept employment and effective upon the commencement of the Term as set forth in Section 2.2, the Board has approved and will issue grants to Executive of stock options to purchase shares of common stock and shares of RSUs of the Company with an aggregate fair market value on the first day of the Term of $4,000,000, both consistent with terms provided in the Company’s 2013 Omnibus Stock and Incentive Plan. These stock options will represent 50% of the aggregate value (at an assumed Black-Scholes ratio of 40%) of the grants and the RSUs will represent 50% of the aggregate value of the grants, both of which will vest in equal installments on the first, second and third anniversaries of the grant date. The grants of stock options to purchase shares of common stock and RSUs of the Company shall provide that upon termination of Executive’s employment by the Company without Cause, by Executive for Good Reason, or by Executive’s Death or Disability, Executive shall become one hundred per cent (100%) vested in such grants of stock options and shares of RSUs.
One-Time Grant. On May 1, 1998 or thereabout, the Company will grant a five year, non-qualified stock option to the Executive to purchase no less than 150,000 shares of the Company's common stock ("Stock") pursuant to a separate stock options agreement made under and subject to A-55, Inc.'s stock option plan with the exercise price under the option to be the initial price at the initial public offering exercisable in five equal lots of 30,000 shares each, the first exercisable on the date of grant and an equal lot subsequently on March 1, 1999, 2000, 2001, and 2002.
One-Time Grant. On the Executive's employment commencement date, the Company will grant a nonqualified stock option to the Executive to purchase 175,000 shares of the Company's common stock ("Common Stock") pursuant to a separate stock option agreement made under and subject to the Company's 1993 Stock Option and Stock Grant Plan (the "Stock Option Plan"), with the exercise price under the option to be the mean between the highest and lowest quoted selling prices of the Common Stock on the New York Stock Exchange on the Executive's employment commencement date, or, if such date is not a regular business day, on the immediately preceding regular business day, and with such option to be exercisable, in whole or in part, beginning one year after the date of grant and continuing for ten years from the date of grant.
One-Time Grant. On or as soon as practicable following the Effective Date, Executive shall receive a one-time grant of RSUs with a grant date value equal to $1,000,000 (the “One-Time Grant”). The One-Time Grant will be subject to the terms and conditions of the Equity Plan and the current form of RSU agreement, provided that the One-Time Grant will vest ratably on each of the first three anniversaries of the Effective Date, generally subject to Executive’s continued employment with the Company through the applicable vesting date.
