Common use of Restricted Stock Agreement Clause in Contracts

Restricted Stock Agreement. During Executive’s employment, the Company may negotiate and enter into a Restricted Stock Agreement ("RSA") with Executive to issue shares of restricted common stock. Any grants under such RSA’s are purely discretionary and will be based on the Board’s evaluation of achievement against goals established for the senior executive officer group by the Board. The number of shares issued under the RSA will be at the discretion of the Company. The restricted stock shall vest according to the terms of the RSA.

Appears in 3 contracts

Samples: Employment Agreement (AMERICAN COASTAL INSURANCE Corp), Employment Agreement (United Insurance Holdings Corp.), Employment Agreement (United Insurance Holdings Corp.)

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Restricted Stock Agreement. During Executive’s 's employment, the Company may negotiate and enter into a Restricted Stock Agreement ("RSA") with Executive to issue shares of restricted common stock. Any grants under such RSA’s 's are purely discretionary and will be based on the Board’s 's evaluation of achievement against goals established for the senior executive officer group by the Board. The number of shares issued under the RSA will be at the discretion of the Company. The restricted stock shall vest according to the terms of the RSA.

Appears in 1 contract

Samples: Employment Agreement (United Insurance Holdings Corp.)

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