Unrestricted Stock. Pursuant to the terms of the applicable Award Agreement, a Service Provider may be awarded (or sold at a discount) shares of Common Stock that are not subject to a Period of Restriction, in consideration for past services rendered thereby to the Corporation and any Affiliate or for other valid consideration.
Unrestricted Stock. The Committee may, in its sole discretion, approve the sale to any participant of shares of Common Stock free of restrictions under the Plan for a price which is not less than the par value of the Common Stock.
Unrestricted Stock. Executive (as soon as practicable after Executive receives the cash from the Acquisition attributable to his BetzDearborn Inc. restricted stock grants and stock options) shall purchase a number of shares of common stock of the Company equal to (i) $1,700,000 divided by (ii) the average closing price of a share of the Company's common stock as reported in the Eastern Edition of The Wall Street Journal for the three trading days immediately following the Effective Date. Such purchase may be made from the Company or in the open market, as agreed upon between the Company and Executive.
Unrestricted Stock. The Common Stock to be issued hereunder has not been registered with the United States Securities and Exchange Commission or with the securities regulatory authority of any state. The Common Stock is subject to restrictions imposed by federal and state securities laws and regulations on transferability and resale, and may not be transferred assigned or resold except as permitted under the Securities Act of 1933, as amended (the “Act”), and the applicable state securities laws, pursuant to registration thereunder or exemption therefrom. However, the Company acknowledges that Note surrendered by the Debtholder for conversion are securities which involved investment risk and have been held by Debtholder for over two years as provided under Rule144(d)(3)(ii) of the Act, and that Debtholder shall be eligible to sell the Common Stock under Rule 144(k) of the Act.
Unrestricted Stock. 2 ARTICLE 3. ADMINISTRATION
Unrestricted Stock. Shares of Stock granted under this Plan that are no longer subject to restrictions that constitute a substantial risk of forfeiture, in accordance with Article 6.
Unrestricted Stock. The Committee may grant shares of Common Stock that have no restrictions. Such Unrestricted Shares shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. In no event shall the number of Unrestricted Shares which are granted to any Participant in a single fiscal year exceed 50,000, except that Unrestricted Shares granted to a new Employee in the fiscal year of the Company in which his or her service as an Employee first commences shall not exceed 100,000 shares, subject to adjustment in accordance with Article 11.
Unrestricted Stock. Subject to adjustment as provided in Section 14, no Employee shall be granted within any fiscal year of the Company one or more awards of Unrestricted Stock, which in the aggregate cover more than 1,000,000 Shares reserved for issuance under the Plan; provided, however, that in connection with an Employee’s initial service as an Employee, an Employee may be granted Unrestricted Stock, which in the aggregate cover up to an additional 1,000,000 Shares reserved for issuance under the Plan.
Unrestricted Stock. The Committee may, in its sole discretion, grant (or sell at the par value of a share of Stock or such other higher Purchase Price determined by the Committee) an Award to any Grantee pursuant to which such Grantee may receive shares of Unrestricted Stock under the Plan. Awards of Unrestricted Stock may be granted or sold as described in the preceding sentence in respect of past or future Services or other valid consideration, in lieu of or in addition to any cash compensation due to such Grantee.
Unrestricted Stock. The Common Stock to be issued hereunder has not been registered with the United States Securities and Exchange Commission or with the securities regulatory authority of any state. The Common Stock is subject to restrictions imposed by federal and state securities laws and regulations on transferability and resale, and may not be transferred assigned or resold except as permitted under the Securities Act of 1933, as amended (the “Act”), and the applicable state securities laws, pursuant to registration thereunder or exemption therefrom. However, the Company acknowledges that (i) the Note surrendered by the Debtholder for conversion are securities which involved investment risk under Rule 144(d)(3)(ii) of the Act, (ii) $63,397 the Debt has been held by Debtholder for over two years and $5,000 of the Debt has been held by Debtholder for over one year, and (iii) Debtholder shall be eligible to sell 633,970 of the shares of Common Stock under Rule 144(k) of the Act and 50,000 of the shares of Common Stock under Rule 144 of the Act.
