Restricted Stock Grant. As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 16% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee concludes employment on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro-rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment. In the way of example, if Employee has been employed for 9 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 25% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.
Restricted Stock Grant. Subject to the terms and conditions set forth in this Agreement and the Plan, the Company hereby grants the Grantee shares of common stock of the Company, subject to the restrictions set forth below and in the Plan (the “Restricted Stock”). Shares of Restricted Stock may not be transferred by the Grantee or subjected to any security interest until the shares have become vested pursuant to this Agreement and the Plan.
Restricted Stock Grant. (a) Upon execution of this Agreement, you shall be awarded 200,000 shares of restricted common stock of the Company pursuant to the Orbital Sciences Corporation 1997 Stock Option and Incentive Plan as then in effect (the "1997 Plan"). Such shares are subject to all terms of the 1997 Plan and of a restricted stock award agreement between you and the Company in the form attached hereto as Exhibit A. Such shares are subject to a restrictive legend to the effect that the shares may not be sold, transferred, assigned, pledged of otherwise encumbered or disposed of until the shares vest, and then only to the extent permitted by applicable federal and state securities laws. The restricted stock award shall vest and become nonforfeitable as follows: (i) 100,000 shares shall vest and become nonforfeitable on December 31, 2002, and (ii) 100,000 shares shall vest and become nonforfeitable on December 31, 2003. Notwithstanding the foregoing and except as otherwise provided in Section 7(b) below, any unvested shares shall be forfeited by you in the event you terminate your employment with the Company or the Company terminates your employment for Cause, as defined in your Executive Employment Agreement.
(b) Notwithstanding the foregoing, immediately prior to a Terminating Transaction (as defined in the 1997 Plan) or in the event your employment with the Company is terminated
(i) by reason of your death or Total Disability, as defined in the 1997 Plan,
(ii) by the Company for any reason other than for Cause, as defined in your Executive Employment Agreement, or
(iii) by you for Good Reason, as defined in your Executive Employment Agreement, then all restricted shares granted to you pursuant to Section 7(a) shall become immediately vested and nonforfeitable, with no restrictions on transferability other than pursuant to applicable securities laws.
Restricted Stock Grant. Pursuant to the provisions of the Plan, on , 200 (the “Date of Grant”), the Company granted to Participant, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, a Stock Award of shares of Common Stock (the “Restricted Stock”).
Restricted Stock Grant. Subject to the restrictions, terms and conditions of the Plan and this Agreement, the Company hereby awards you the number of shares of Common Stock specified in paragraph 7 below. The shares are subject to certain restrictions as set forth in the Plan and this Agreement. Until vested, the shares are referred to herein as “Restricted Stock.”
Restricted Stock Grant. Subject to the terms and conditions of this Agreement, the Company hereby grants to Grantee the number of shares of Restricted Stock as specified above.
Restricted Stock Grant. Pursuant to the Plan and subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Grantee, and the Grantee accepts, 1,500 shares of Common Stock of the Company (“Restricted Stock”).
Restricted Stock Grant. Subject to the terms of the Plan and of this Agreement, the Company hereby grants to the Participant [ ] shares of the Company’s Stock, subject to certain restrictions thereon (the “Restricted Stock”).
Restricted Stock Grant. (a) As compensation for entering into this Agreement, the Company hereby grants and issues to the Executive 3,600,000 shares of the common stock of the Company that is currently traded on the Over The Counter Bulletin Board under the symbol SXLP. The stock is restricted as defined by the Rules and Regulations promulgated under the Securities Act of 1933, as amended. The shares are fully paid and non-assessable.
Restricted Stock Grant. Employee shall be granted 45,000 restricted shares of the Company pursuant to the terms of the 2005 Omnibus Stock Award Plan (including the terms of any Award Agreement executed in connection with such Plan). The restricted shares will vest in accordance with the following schedule, if employee is employed on such date: March 16, 2008 15,000 Restricted Shares March 16, 2009 15,000 Restricted Shares March 16, 2010 15,000 Restricted Shares
