0001598428-19-000034 Sample Contracts

TIMKENSTEEL CORPORATION Time-Based Restricted Stock Unit Agreement
Time-Based Restricted Stock Unit Agreement • May 2nd, 2019 • TimkenSteel Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Ohio

WHEREAS, the grant of service-based Restricted Stock Units evidenced hereby was authorized by a resolution of the Compensation Committee (the “Committee”) of the Board that was duly adopted on February 13, 2019, and the execution of a Restricted Stock Unit Agreement in the form hereof (this “Agreement”) was authorized by a resolution of the Committee duly adopted on the same date.

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Deferred Shares Agreement
Deferred Shares Agreement • May 2nd, 2019 • TimkenSteel Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Ohio

WHEREAS, the grant of Deferred Shares evidenced hereby was authorized by a resolution of the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company that was duly adopted on February 13, 2019 (the “Date of Grant”), and the execution of a Deferred Shares Agreement in the form hereof (this “Agreement”) was authorized by a resolution of the Committee duly adopted on the same date.

TIMKENSTEEL CORPORATION Performance-Based Restricted Stock Unit Agreement
Restricted Stock Unit Agreement • May 2nd, 2019 • TimkenSteel Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Ohio

WHEREAS, the grant of performance-based Restricted Stock Units evidenced hereby was authorized by a resolution of the Compensation Committee (the “Committee”) of the Board that was duly adopted on February 13, 2019, and the execution of a performance-based Restricted Stock Unit Agreement in the form hereof (this “Agreement”) was authorized by a resolution of the Committee duly adopted on February 13, 2019.

Nonqualified Stock Option Agreement
Nonqualified Stock Option Agreement • May 2nd, 2019 • TimkenSteel Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Ohio

WHEREAS, the grant of Option Rights evidenced hereby was authorized by a resolution of the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company that was duly adopted on February 13, 2019 (the “Date of Grant”), and the execution of an Option Rights agreement in the form hereof (this “Agreement”) was authorized by a resolution of the Committee duly adopted on that date; and

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