Retention Stock Sample Clauses

Retention Stock. (1) On July 8, 1999 the Board of Directors approved a stock grant of 10,000 options that completely vest one year from the grant date (July 8, 1999), if the Executive is actively employed on July 31, 2000. You will continue to be eligible for additional stock grants at the end of the fiscal year when we review all the executives.
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Retention Stock. Following the closing, EPIC will issue 3,313,760 shares of its common stock pursuant to its Stock Bonus Plan. The shares will be registered by means of a registration statement on Form S-8. The PEARL employees who will received these shares, the number of shares to be received by each PEARL employee, and the time at which such shares will be issued will be determined from time to time by Xxxxxxxxxx, or his designee. All PEARL employees receiving such retention stock shall fully vest in such stock no later than three (3) years after the Closing Date. The terms of this Section 8.8 shall survive the closing of the transaction contemplated by this Agreement.
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Retention Stock. Regardless of whether or not Shipper makes Actual Shipments on the Diluent Pipeline, Shipper shall provide its share of Retention Stock as required by the Rules Tariff. If Shipper fails to comply with its obligations under this Section 3.04, in addition to Carrier’s other rights and remedies in connection with such failure, Carrier shall be entitled to supply such Retention Stock and Shipper shall reimburse Carrier for the cost thereof on demand.
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Retention Stock. Shipper shall provide its share of Retention Stock as required by the Rules Tariff regardless of whether or not it makes Actual Shipments on Spearhead Pipeline.
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Retention Stock. Attached hereto as Schedule 2.4 is a schedule of the dollar amount of Xxxxxx common stock to be issued to the Retention Stock Recipients at Closing (the “Retention Stock”), the number of shares to be determined by dividing the dollar amount for each recipient by the Average Stock Price, and rounding up to the nearest whole share, and the aggregate dollar amount for all Retention Stock Recipients not to exceed One Million Fifty Thousand Dollars ($1,050,000.00). Xxxxxx shall bear $550,000 of the dollar amount of common stock issued to the Retention Stock Recipients. Except for the Retention Stock issued to Xxxxxx XxXxxxx and Xxxxxxx Xxxxxxxx, the Retention Stock issued to the Retention Stock Recipients shall be issued pursuant to Xxxxxx’x 2021 Omnibus Equity Incentive Plan, and each Retention Stock Recipient shall be required to execute Xxxxxx’x Restricted Stock Award Agreement in the form attached hereto as Exhibit E. The allocation of Retention Stock shall be made as directed by the Shareholder Representative on or prior to the Closing Date.
Sample 1
Retention Stock. (a) Subject to the provisions of this Clause 2.7, the Buyer as escrow agent shall hold and retain 50% of Consideration Shares (rounded upwards to the nearest whole number of Consideration Shares) ("Held Back Shares"), with executed stock transfer forms to hold and dispose of the Held Back Shares in escrow for Buyer and the Shareholders until the Held Back Shares are released pursuant to the terms of this Clause 2.7. The Held Back Shares deposited by the Shareholders pursuant hereto shall, until released to Buyer or the Shareholders pursuant to the terms hereof, remain registered in the name of the Shareholders, and the Shareholders shall not be entitled to sell, transfer or otherwise dispose of any of the Held Back Shares or any interest therein but shall be entitled to exercise all the voting rights attached to such Held Back Shares and Buyer will take all reasonable steps to allow and facilitate the exercise of such rights. Except for tax-free dividends paid in stock declared with respect to the Held Back Shares pursuant to Section 305(a) of the Code, the Shareholders shall be entitled to receive any cash dividends, dividends payable in securities or distributions of any kind made in respect of the Held Back Shares. In the event of any meeting of stockholders of Buyer during the period in which the Held Back Shares are held by Buyer pursuant hereto, Buyer shall send to the Shareholders promptly copies of any notices, proxies and proxy material in connection with any such meeting.
Sample 1

Related to Retention Stock

  • Restricted Shares Employee hereby accepts the Restricted Shares when issued and agrees with respect thereto as follows:

  • Bonus Shares Subject to the terms of the Plan, the Committee may grant Bonus Shares to any Eligible Person, in such amount and upon such terms and at any time and from time to time as shall be determined by the Committee.

  • Company Shares If the managing underwriter has not limited the number of Registrable Securities to be underwritten, the Company may include securities for its own account or for the account of others in such registration if the managing underwriter so agrees and if the number of Registrable Securities which would otherwise have been included in such registration and underwriting will not thereby be limited.

  • Consideration Shares The Consideration Shares, when issued in accordance with the terms and conditions of this Agreement, will be fully paid and non-assessable.

  • Vested Shares “Vested Shares” shall mean the shares of Restricted Stock which are no longer subject to the Restrictions by reason of Section 3.2.

  • The Shares The Shares to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will be fully paid and nonassessable and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Shares is not subject to any preemptive or similar rights.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • Purchased Shares Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyers and Buyers shall purchase from Seller, on the Closing Date (as defined in Section 1(c)), all of the Shares.

  • RSUs The Continuing Stock Units shall continue to vest in accordance with the terms of the Original RSU Award Documents, on the same basis as such stock units would have become vested if Executive had remained employed under this Agreement through the Scheduled Expiration Date. Except as otherwise expressly provided herein, all such Continuing Stock Units shall be subject to, and administered in accordance with, the Original RSU Award Documents. Any of Executive’s restricted stock unit awards that have not become vested on or before the Termination Date, and that are outstanding at the Termination Date, but which are not Continuing Stock Units, shall automatically terminate on the Termination Date. Notwithstanding any term or provision of the Original RSU Award Documents:

  • Common Shares 4 Company...................................................................................... 4

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