Common use of Stock Grant Clause in Contracts

Stock Grant. Subject to the terms and conditions of the Plan and as set forth herein, the Company hereby grants to the Participant, as of date hereof, the number of interests contained in the Stock Grant (the “Award”), as indicated in the Notice of Grant. MN Group will issue supporting units on a one-for-one basis to the Company for each Award hereunder, either at the time of vesting for RSUs or at the time of grant for RSSs. Upon termination of an Award, any such issued units to MNI shall be forfeited back to MN Group to the extent unvested.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Manning & Napier, Inc.), Compensation Plan Restricted Stock Award Agreement (Manning & Napier, Inc.), Equity Compensation Plan Restricted Stock Award Agreement (Manning & Napier, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.