Restricted Share Award Sample Clauses
Restricted Share Award. Xxxxxxxx Bank Corporation hereby grants to the Grantee a number of Restricted Shares with a value (determined as of the Grant Date) equal to 25% of Grantee’s annual salary pursuant and subject to the terms of the Plan and this Award Agreement. The number of Restricted Shares granted under this Award Agreement is subject to adjustment as provided in the Plan.
Restricted Share Award. (a) Subject to the terms and conditions set forth in this Agreement, including, without limitation, the terms and conditions of the Restrictive Covenant Addendum attached hereto, the terms of which are fully incorporated herein, the Company hereby grants to the Participant, effective as of the Grant Date set forth above (the “Grant Date”), the number of Restricted Shares set forth above (the “Restricted Shares”). The Restricted Shares are granted under, and are subject to all of the terms and provisions of, the Kaman Corporation Second Amended and Restated 2013 Management Incentive Plan (the “Plan”). All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Plan.
(b) The number of Restricted Shares shall be transferred to the Participant as additional compensation for services rendered to the Company or one of its Subsidiaries. The Restricted Shares may be subject to forfeiture during a specified time period, as more particularly described in Sections 2 and 3 of this Agreement.
(c) In order for the transfer of Restricted Shares to occur, each Participant must execute and deliver a copy of this Agreement, including, without limitation, the Restrictive Covenant Addendum attached hereto, to the Chief Human Resources Officer of the Company (the “Custodian”) at the Company’s principal executive offices located in Bloomfield, Connecticut, within fourteen (14) days of December 5, 2023. Promptly thereafter, the Restricted Shares shall be issued in uncertificated form and recorded on the shareholder records maintained by the Transfer Agent and Registrar of the Company’s Common Stock (the “Transfer Agent”). If the Restricted Shares are subject to forfeiture, the Custodian will cause a notation to be placed on such records restricting any transfer of the Restricted Shares until the end of the applicable Installment Restriction Period described in Section 2 of this Agreement. Restricted Shares not subject to forfeiture at the Grant Date shall also be promptly issued in uncertificated form to the Participant but without such restrictive notation.
(d) Effective upon the date of issuance to the Participant of the Restricted Shares registered in the Participant’s name, the Participant will be a holder of record of the Restricted Shares and will have, subject to the terms and conditions of this Agreement, all rights of a shareholder with respect to such Shares including the right to vote such Shares at any meeting of shareh...
Restricted Share Award. Awards of Restricted Shares shall be subject to such terms and conditions as are established by the Committee. Such terms and conditions may include, but are not limited to, the requirement of continued service with the Company, achievement of specified business objectives and other measurements of individual or business unit performance, the manner in which such Restricted Shares are held, the extent to which the holder of such Restricted Shares has rights of a shareholder and the circumstances under which such Restricted Shares shall be forfeited. The Participant shall not be permitted to sell, assign, transfer, pledge or otherwise encumber Shares received pursuant to this Section 9 prior to the date on which any applicable restriction established by the Committee lapses. The Participant shall have, with respect to Restricted Shares, all of the rights of a shareholder of the Company, including the right to vote the Restricted Shares and the right to receive any dividends, unless the Committee shall otherwise in the grant of such Restricted Shares. Restricted Shares may not be sold or transferred by the Participant until any restrictions that have been established by the Committee have lapsed. Upon the termination of employment of a Participant who is an Employee during the period any restrictions are in effect, all Restricted Shares shall be forfeited without compensation to the Participant unless otherwise provided in the grant of such Restricted Shares.
Restricted Share Award. The Company grants to the Grantee, on the terms and conditions hereinafter set forth, a restricted share award with respect to 100,000 common shares of the Company, par value US$.01 per share (the “Restricted Shares”).
Restricted Share Award. Subject to the terms and conditions of the Plan and this Agreement, The Andersons, Inc. (the “Company”) hereby awards you ‹‹rsa›› Shares of the Company’s Common Stock. Following receipt from you of an executed copy of the attached Acknowledgement, the Shares shall be registered in your name on the books of the Company as represented by Computer Share, Registrar and Transfer Agent, in book entry form. By signing the Acknowledgement, you declare having read this Agreement and agree to be bound by all the terms and conditions contained herein.
Restricted Share Award. 6.1 Subject to shareholder approval where required by applicable regulation, the Company will grant a special incentive award under the Xxxxxxxxx Group plc Restricted Share Plan, which would be subject to the Rules of the Plan (the RSP Award) and the letter of grant. The remainder of this clause sets out indicative terms which will apply to the RSP Award provided that the necessary approvals are obtained and subject to the Rules.
6.2 The RSP Award is to be granted in compensation for certain awards which the Executive will forfeit by reason of leaving his previous employment with XX Xxxxxx. The RSP Award will vest in December 2014 (the Vesting Date) subject to the Executive having, by the commencement of employment with the Company, provided evidence satisfactory to the Company of the value of the awards granted by XX Xxxxxx which the Executive has been formally notified that he will not now receive as a result of leaving XX Xxxxxx’x employment and joining the Company (the Forfeit Awards).
6.3 The cash value of the RSP Award will equal the cash value of the Forfeit Awards as valued by the Company on the basis of the evidence provided in accordance with clause 6.2, save that the cash value of the RSP Award will in no circumstances exceed £500,000.
6.4 Once the cash value of the RSP Award has been determined by the Company, the RSP Award will be converted into shares in Xxxxxxxxx Group plc (Shares). The number of Shares comprising the RSP Award will be calculated by reference to the average LSE mid-market price of the Shares averaged over the next period of 5 consecutive business days at the end of a month following commencement of employment.
6.5 In the event that the Executive ceases to be an employee of a member of the Group prior to the Vesting Date other than (i) by reason of his voluntary resignation or (ii) as a result of the Company terminating his employment for cause under clause 18.7 below, the Board Remuneration Committee has determined that the Executive’s reason for leaving will be treated as falling within Rule 5.2(e) so that the RSP Award shall continue and be capable of release in full as set out in the Rules. This condition will be repeated in the letter of grant.
6.6 Provided that the conditions on grant are satisfied, the Executive will receive a letter of grant setting out in full the terms of the RSP Award.
Restricted Share Award. In accordance with the Plan, the Trust hereby awards to the Recipient shares of beneficial interest in the Trust as indicated above (the "Restricted Shares"), subject to the vesting conditions, transfer restrictions and other terms and conditions of this Agreement.
Restricted Share Award. The Company hereby sells, transfers, assigns and delivers to the Holder an aggregate of 25,000 Shares as of the Date of Grant (“Award Restricted Shares”) on the terms and conditions set forth in this Agreement, including, without limitation, the Restriction more specifically set forth in Section 4, below, subject only to Holder’s execution of this Agreement.
Restricted Share Award. Beginning on the date hereof, the Company will grant a Restricted Share Award (“RSA”) of restricted shares of the Company’s common stock equal to the Base Salary to the Executive and on January 1 of each year of the Initial Term or any Renewal Term thereafter, the Company shall grant Executive Restricted Shares pursuant to the Company’s Equity Incentive Plan (the “Plan”). Each RSA Grant shall be fully vested upon grant. The RSA Grants shall be subject to the terms of the Plan and any award agreement the Plan requires as a condition of the RSA Grants.
Restricted Share Award. The Company hereby awards to Grantee, shares of Common Stock of the Company (the “Restricted Share Award”) which shall be subject to the restrictions and conditions set forth in the Plan and in this Agreement. One or more stock certificates representing the number of Restricted Shares specified herein shall hereby be registered in the Grantee’s name (the “Stock Certificate”), but shall be deposited and held in escrow for the Grantee’s account as provided in Section 11(c) hereof until such Restricted Shares become vested. Grantee acknowledges and agrees that Restricted Shares may be issued as a book entry with the Company’s transfer agent and that no physical Stock Certificates need be issued for so long as the shares remain unvested shares. Subject to the terms of this Agreement, Grantee shall have all the rights of a stockholder with respect to the Restricted Shares while they are held in the custody of the Company for Grantee’s account, including the right to vote the Restricted Shares and to receive any dividends thereon.