Stock Bonus Plan Sample Clauses

Stock Bonus Plan. On the Commencement Date, the Executive will be ---------------- awarded an option (the "Option") to purchase 150,000 shares of common stock, par value $.01 per share, of Little Switzerland upon the terms and conditions set forth in the Non-Qualified Stock Option Agreement, dated as of the date hereof, by and between the Executive and Little Switzerland.
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Stock Bonus Plan. The Borrower will (i) cause the termination of the Best Lock Corporation Stock Bonus Plan as promptly as possible after the Closing Date, and (ii) not authorize, declare or pay any contribution to such plan after the Closing Date.
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Stock Bonus Plan. On the Commencement Date, the Executive will be ---------------- awarded an option (the "Option") to purchase 75,000 shares of common stock, par value $.01 per share, of Little Switzerland (the "Common Stock") having an exercise price equal to one hundred percent (100%) of the fair market value of a share of Common Stock on the Commencement Date, pursuant to Little Switzerland's 1991 Stock Option Plan. If at least eighty percent (80%) of the Performance Criteria have been met, as determined in the sole and absolute discretion of the Compensation Committee of Little Switzerland, for the 1999 fiscal year of Little Switzerland, then on the first anniversary date of the Commencement Date, the Executive will be awarded an additional option to purchase 75,000 shares of Common Stock on the same terms and conditions as the Option. All options awarded to the Executive shall qualify as an "incentive stock option" under (S)422A of the Internal Revenue Code of 1986, as amended.
Sample 1
Stock Bonus Plan. WINW shall reserve 728,548 shares of WINW Stock as a Stock Bonus Plan to be distributed, following the Closing, by the Directors of WINW, in their discretion, for employment incentives to the employees, officers, and directors of the Surviving Corporation.
Sample 1
Stock Bonus Plan. The Company shall have terminated the 1987 Plan in form and substance satisfactory to Parent.
Sample 1
Stock Bonus Plan. On the effective date of this Agreement, Vincxxxxxxx xxxl be awarded 75,000 shares of Common Stock of the Company as a restricted stock award under the Company's 1994 Restricted Stock Plan (the "Plan") to be vested as follows: Cumulative Percentage of Shares Percentage Vesting Date Becoming Vested Vested ------------ -------------------- ---------- January 1, 1996 33 1/3% 33 1/3% January 1, 1997 33 1/3% 66 2/3% January 1, 1998 33 1/3% 100% As provided in Section 10 of the Plan, the shares subject to the Restricted Stock Award above shall vest upon the occurrence of a "Change of Control" as such term is defined in the Plan.
Sample 1
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Related to Stock Bonus Plan

  • Stock Incentive Plan Executive shall be eligible for awards under the Employer’s Stock Incentive Plan. The type, timing and size of awards will be at the discretion of the Board of Directors.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Stock Incentive Plans Nothing in this Agreement shall be construed or applied to preclude or restrain the General Partner from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the General Partner, the Partnership or any of their Affiliates or from issuing REIT Shares, Capital Shares or New Securities pursuant to any such plans. The General Partner may implement such plans and any actions taken under such plans (such as the grant or exercise of options to acquire REIT Shares, or the issuance of restricted REIT Shares), whether taken with respect to or by an employee or other service provider of the General Partner, the Partnership or its Subsidiaries, in a manner determined by the General Partner, which may be set forth in plan implementation guidelines that the General Partner may establish or amend from time to time. The Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by the General Partner, amendments to this Agreement may become necessary or advisable and that any approval or Consent to any such amendments requested by the General Partner shall be deemed granted by the Limited Partners. The Partnership is expressly authorized to issue Partnership Units (i) in accordance with the terms of any such stock incentive plans, or (ii) in an amount equal to the number of REIT Shares, Capital Shares or New Securities issued pursuant to any such stock incentive plans, without any further act, approval or vote of any Partner or any other Persons.

  • Stock Incentives Executive shall be entitled to such vesting or other benefits as are provided by the award agreement pertaining thereto.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Bonus Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Restricted Stock Unit Award The Grantee is hereby granted NUMBER OF SHARES restricted stock units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of the Company's Common Stock, $.001 par value (the "Stock"), subject to the terms and conditions of this Agreement and the Plan.

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