Common use of Payment of the Stock Award Clause in Contracts

Payment of the Stock Award. Stock Awards may only be made in whole shares of Common Stock. Stock Awards may only be granted from shares reserved under the Plan and available for award at the time the Stock Award is made to the Participant.

Appears in 5 contracts

Samples: Long Term Incentive Plan (Standex International Corp/De/), 1998 Long Term Incentive Plan (Standex International Corp/De/), 1998 Long Term Incentive Plan (Standex International Corp/De/)

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Payment of the Stock Award. Stock Awards may only be made in whole -------------------------- shares of Common Stock. Stock Awards may only be granted from shares reserved under the Plan and available for award at the time the Stock Award is made to the Participant.

Appears in 2 contracts

Samples: Management Stock Incentive Plan (Kollmorgen Corp), 1997 Stock Based Incentive Plan (Firstfed America Bancorp Inc)

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