Time-Vested Restricted Shares Sample Clauses

Time-Vested Restricted Shares. Award Value: • One-third of the total targeted annual grant value will be provided in time-based RSA’s. • The grant value will be determined by calculating the total equity grant value [(2014 base salary x LTI target as % of 2014 base salary) then dividing by three]. • Share count is based on the grant value divided by grant date closing stock price on 12/31/2013. Vesting: • RSA’s xxxx xxxxx vest three years from date of grant. • These shares are not subject to performance contingencies and will be earned by the recipient by continued employment through the vesting period.
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Time-Vested Restricted Shares. In connection with the annual grants described above, Time-Vested Restricted Shares constituting 160,000 shares of Common Stock shall be granted in each year to the Executive. Except as otherwise provided for in this Agreement, each such grant shall vest in three installments with one-half of such Time-Vested Restricted Shares vesting on the second anniversary of the date of such grant, and one-quarter of same on each of the third and fourth anniversaries of the date of such grant, subject to Section 6(d).
Sample 1
Time-Vested Restricted Shares. Subject to the terms and conditions of Sections 3(c), 3(d) and 4 hereof, Grantee's right to receive the Time-Vested Restricted Shares covered by this agreement shall become nonforfeitable to the extent of (i) one-half (1/2) of the Time-Vested Restricted Shares covered by this agreement after Grantee shall have been in the continuous employ of the Company or a subsidiary for two full years from the Date of Grant, and (ii) an additional one-
Sample 1
Time-Vested Restricted Shares. “TVRSs”) As of the Effective Date, Employee shall be granted up to one hundred and fifty thousand (150,000) shares of the Company’s common stock as Time-Vested Restricted Shares (“TVRSs”) under and subject to all of the provisions of a related award agreement (the “Restricted Stock Award Agreement” attached hereto as Exhibit A), upon and subject to approval by the Company’s Compensation Committee of the Board of Directors (the “Compensation Committee”) and vesting as follows: ● 50,000 TVRSs vest on the one year anniversary of the Effective Date; ● 50,000 TVRSs vest on the two year anniversary of the Effective Date; and ● 50,000 TVRSs vest on the three year anniversary of the Effective Date. Except as otherwise set forth herein or in the Restricted Stock Award Agreement, vesting of the TVRSs will cease upon the termination of Employee’s employment with the Company subject to the terms of the Employment Agreement.
Sample 1
Time-Vested Restricted Shares. In connection with the annual grants to be made in each of years 2005, 2006 and 2007, Time-Vested Restricted Shares constituting 125,000 shares of Common Stock shall be granted in each year to the Executive. Except as otherwise provided for in this Agreement, fifty percent (50%) of all Time-Vested Restricted Shares granted pursuant to this Section shall vest on the second (2nd) anniversary of the date of grant, and the remaining fifty percent (50%) shall vest in equal installments of one-eighth (1/8th) of such Time-Vested Restricted Shares on the last day of each of the eight (8) consecutive calendar quarters ending following the second (2nd) anniversary of the date of grant, all based on the continued employment of the Executive through such respective dates.
Sample 1
Time-Vested Restricted Shares. Award Value: • One-third (1/3) of the grant date value of total LTI grant will be provided in time-based RSA’s. • The target number of shares is calculated as: Target estimated grant date value of total LTI grant ÷ 3 ÷ the closing stock price on August 31, 2017, rounded down to the nearest full share.
Sample 1

Related to Time-Vested Restricted Shares

  • Company Restricted Shares At the Effective Time, each share of Company Stock subject to vesting, repurchase or other restrictions pursuant to the Company Stock Plan (a “Company Restricted Share”) that is outstanding immediately prior to the Effective Time shall vest in full and become free of restrictions and any repurchase rights shall lapse, and the holder thereof shall be entitled to receive only the Merger Consideration with respect to each such Company Restricted Share in accordance with Section 2.05(b).

  • Forfeiture of Restricted Shares Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

  • Vesting of Restricted Share Units The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the date(s) specified in the following schedule (the “Vesting Date”) so long as the Grantee has served continuously as an employee of the Company or a Subsidiary on such dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Share Units specified as vested on such date. Incremental Number of Restricted Share Units Vested Vesting Date _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ _____________ (___%) _______________ In determining the number of vested Restricted Share Units at the time of any vesting, the number of Ordinary Shares shall be rounded down to the nearest whole ADS or the nearest increment of 13 Ordinary Shares. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • 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.

  • Escrow of Restricted Shares The Company shall evidence the Restricted Shares in the manner that it deems appropriate. The Company may issue in your name a certificate or certificates representing the Restricted Shares and retain such certificate(s) until the restrictions on such Restricted Shares expire as described in Section 5 or 6 of this Agreement or the Restricted Shares are forfeited as described in Section 4 and 6 of this Agreement. If the Company certificates the Restricted Shares, you shall execute one or more stock powers in blank for those certificates and deliver those stock powers to the Company. The Company shall hold the Restricted Shares and the related stock powers pursuant to the terms of this Agreement, if applicable, until such time as (a) a certificate or certificates for the Restricted Shares are delivered to you, (b) the Restricted Shares are otherwise transferred to you free of restrictions, or (c) the Restricted Shares are canceled and forfeited pursuant to this Agreement.

  • Grant of Restricted Share Units Subject to all of the terms and conditions of this Award Agreement and the Plan, the Company hereby grants to the Participant [ ] Class A restricted share units (the “RSUs”).

  • 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 Shares (a) The Company hereby grants to the Grantee an award (the “Award”) of shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

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

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