Plan Share Award Clause Samples
Plan Share Award. The Corporation hereby grants to the Recipient a non-transferable Plan Share Award consisting of a total of _________ shares of the Corporation’s common stock, par value $0.01 per share (“Common Stock”), upon the terms and conditions set forth herein.
Plan Share Award. The Corporation hereby awards the Plan Shares to the Recipient, as of the Award Date written above, subject to the restrictions and other terms and conditions set forth herein and in the Plan. Such Plan Shares shall be held in the custody of the Plan Trustee or its designee and shall be voted by the Trustee in its discretion until they are earned and distributed in accordance with the terms of the Plan.
Plan Share Award. The Corporation hereby grants to Recipient a Performance Share Award consisting of a total of _______ shares of common stock, $0.01 par value per share (“Common Stock”), subject to increase as provided herein, upon the terms and conditions set forth herein.