SPECIAL RESTRICTED STOCK AWARD Sample Clauses

SPECIAL RESTRICTED STOCK AWARD. As of the Effective Date, you will receive a grant of Xxxxxx restricted stock with a value (determined as if no restrictions applied) of $60,000. The restricted stock will vest in three equal installments on the third, fourth and fifth anniversaries of the grant of the award provided that you remain employed with Xxxxxx during that time. Any dividends that are payable on Xxxxxx stock will be paid to you on this restricted stock on a current basis. This restricted stock will also be issued under the Xxxxxx Stock Incentive Plan.
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SPECIAL RESTRICTED STOCK AWARD. In consideration of the Executive's promises set forth herein, the Company shall grant the Executive restricted shares of the Company's common stock with a fair market value of $1,750,000 (the "Market Value"), as well as the opportunity to earn an additional 300,000 performance restricted shares of the Company's common stock subject to the Executive's attainment of applicable performance goals. The restricted shares shall be granted on February 1, 2001 pursuant to the Restricted Stock Agreement, attached to and incorporated herein as Exhibit B. The number of restricted shares shall be determined by dividing the Market Value by the mean of the highest price and lowest price at which a share of the Company's common stock shall have been sold, regular way, on February 1, 2001, as reported on the Composite Transactions reporting system. This grant of restricted shares shall be in lieu of a stock option grant in fiscal 2001. The opportunity for performance restricted shares shall be subject to the following terms and conditions:
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SPECIAL RESTRICTED STOCK AWARD. As of the Effective Date, you will receive a grant of Zimmer restricted stock with a value (determined as if no restrictions applied) of $60,000. The restricted stock will vest in three equal installments on the third, fourth and fifth anniversaries of the grant of the award provided that you remain employed with Zimmer during that time. Any dividends that are payable on Zimmer stock will be paid to you on this restricted stock on a current basis. This restricted stock will also be issued under the Zimmer Stock Incentive Plan.
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SPECIAL RESTRICTED STOCK AWARD. Subject to the terms and ------------------------------ conditions of this Agreement, the Company shall issue and distribute 25,000 shares of restricted Common Stock to the Executive in the following installments and on the following dates: Date Installment ---- ----------- September 13, 2002 8,334 shares September 13, 2003 8,333 shares September 13, 2004 8,333 shares Except as provided in Section 8 hereof, the Executive must be a full-time active employee of the Company on the applicable date in order to receive the corresponding installment described above. Executive will have no rights as a shareholder with respect to such shares unless and until such shares have been distributed to her.
Sample 1
SPECIAL RESTRICTED STOCK AWARD. On the Effective Date or as soon thereafter as is practicable (the "Stock Grant Date"), the Company shall grant Executive a one-time initial allocation of Janus Capital Group ("JNS") restricted stock (the "Restricted Stock Grant") valued at $4.7 million, based upon the fair market price of JNS on the Stock Grant Date, which fair market value is defined under the Company's Long Term Incentive Plan as the average of the high and low trading price of JGC stock on the New York Stock Exchange ("NYSE") on the date of the grant. Subject to Paragraph 3(b)(xvi), one-third (33.3%) of the Restricted Stock Grant shall vest each year upon the satisfaction of the Performance Criteria established by the Company as specified in Paragraph 3(b)(xvi), below, as calculated on December 31, 2004, December 31, 2005 and December 31, 2006, respectively, all in accordance with the terms and conditions set forth in separate documents evidencing and underlying the grant, including without limitation the LTI Plan and Executive's restricted stock award agreement, and shall in all respects be subject to such terms and conditions, except as expressly modified by this Agreement.
Sample 1
SPECIAL RESTRICTED STOCK AWARD. Nothing herein shall affect in any way the Special Restricted Stock Award granted to Executive under Paragraph 3(b)(iv) of the Original Agreement, which award shall remain in full force and effect in accordance with the terms of the documents pursuant to which that award was granted.
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SPECIAL RESTRICTED STOCK AWARD. The Special Restricted ------------------------------ Stock Award shall vest in full.
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SPECIAL RESTRICTED STOCK AWARD. As of immediately prior to the Resignation Date, in consideration of Executive’s agreement to perform her duties set forth in this Agreement and contingent on Executive’s execution (without revocation) of the Waiver and Release as described in Section 5, Executive will be awarded 27,624 shares of restricted common stock (the “Restricted Stock Award”) pursuant to the Company’s Amended and Restated 2007 Long-Term Incentive Plan (the “Plan”). The Restricted Stock Award will vest immediately prior to the closing of the merger (the “Merger”) contemplated by that certain Agreement and Plan of Merger, by and among Sun Jupiter Holdings LLC (“Jupiter”), the Company and Sun Merger Sub Inc., a wholly-owned subsidiary of Jupiter, entered into on June 1, 2019 (as it may be amended from time to time, the “Merger Agreement”). In the event the Merger Agreement is terminated without the closing of the Merger, the Restricted Stock Award will be forfeited. Other than the vesting conditions described above, the Restricted Stock Award will contain the Company’s standard terms and conditions for such awards, and will be embodied in an award agreement subject to the Plan.
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Related to SPECIAL RESTRICTED STOCK AWARD

  • Company Restricted Stock Units At the Effective Time of the First Merger, each Company Restricted Stock Unit then outstanding shall be assumed by Parent (each, an “Assumed RSU”). Subject to, and in accordance with, the terms of the applicable Company Stock Plan and any applicable award or other agreement, each Assumed RSU shall be converted into the right to receive the number of shares of Parent Common Stock (or an amount in respect thereof for cash settled Company Restricted Stock Unit) equal to the number of shares of Company Common Stock subject to the Company Restricted Stock Unit multiplied by the Stock Award Exchange Ratio (rounded down to the nearest whole number of shares of Parent Common Stock). Each Company Restricted Stock Unit shall have the same terms and conditions as were in effect immediately prior to the Effective Time of the First Merger other than with respect to those Company Restricted Stock Units listed (i) in Section 5.9(c)(i) of the Company Disclosure Schedule that were subject to performance based vesting conditions prior to the date of this Agreement and that shall be deemed issued and vested in their entirety at the Effective Time of the First Merger and released from any forfeiture rights pertaining to such shares in favor of Company, Parent or Surviving Entity, and (ii) in Section 5.9(c)(ii) of the Company Disclosure Schedule, which shall be deemed issued in their entirety at the Effective Time of the First Merger, which shall be converted into the right to receive Parent Common Stock according to the same formula applied to the Assumed RSUs above, and which shall be subject to quarterly vesting over a two-year period following the Effective Date in accordance with the terms of the 2006 Plan. Except as set forth in this Section 5.9(c). Company shall not take or permit any action that would accelerate vesting of any Company Restricted Stock Unit, except to the extent required by the terms of any such Company Restricted Stock Unit as in effect on the date hereof. Copies of the relevant agreements governing such Company Restricted Stock Unit and the vesting thereof have been provided to Parent. Except as set forth in this Section 5.9(c), all outstanding rights that Company may hold immediately prior to the Effective Time of the First Merger to the forfeiture of shares of Company Common Stock subject to the Company Restricted Stock Unit shall be assigned to Parent in the First Merger and shall thereafter be held by Parent upon the same terms and conditions in effect immediately prior to the Effective Time of the First Merger, except that the shares forfeitable pursuant to such rights shall be appropriately adjusted to reflect the Stock Award Exchange Ratio.

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

  • Restricted Stock Award Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant _____ Shares (the “Restricted Shares”), which shall vest and become nonforfeitable in accordance with Section 3 hereof.

  • Company Restricted Stock Immediately prior to the Effective Time, any then-outstanding shares of Company Restricted Stock shall become fully vested and the Company shall be entitled to deduct and withhold such number of shares of Company Common Stock otherwise deliverable upon such acceleration to satisfy any applicable income and employment withholding Taxes (assuming a fair market value of a share of Company Common Stock equal to the closing price of the Company Common Stock on the last completed trading day immediately prior to the Closing). All shares of Company Common Stock then-outstanding as a result of the full vesting of the shares of Company Restricted Stock and the satisfaction of any applicable income and employment withholding Taxes shall have the right to receive the Merger Consideration in accordance with the terms and conditions of this Agreement.

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.

  • Award of Restricted Stock 1.1 Effective as of the Grant Date, the Company hereby grants to Grantee an award of the number of shares of restricted Common Stock of the Company specified above (“Restricted Stock”), subject to, and in accordance with, the restrictions, terms and conditions set forth in the Plan and this Agreement.

  • Forfeiture of Restricted Stock Units Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”

  • Grant of Restricted Stock Units The Corporation hereby awards to Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing the Award shall be as set forth in this Agreement.

  • Settlement of Restricted Stock Units 6.1 Subject to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

  • Restricted Stock Awards Each Restricted Stock Award shall be evidenced by a Restricted Stock Award Agreement, which shall comply with and be subject to the following terms and conditions:

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