Examples of Annual Stock Award in a sentence
Phantom stock units acquired represent payment of the Annual Stock Award portion of the annual Directors' compensation under the Bank of America Corporation Director Deferral Plan in transactions exempt under Rule 16b-3.
Miceli1,175,70798,882Robert Perelman1,329,064111,780Kelly Porcella1,329,064111,780 In accordance with the Harris Employment Agreement, Mr. Harris’ Annual Stock Award was fully vested at grant.
The Committee shall specifically approve each grant of an Annual Stock Award to a continuing director in advance.
The Employee will promptly disclose such Work Product to the Chief Executive Officer and perform all actions reasonably requested by the Chief Executive Officer (whether during or after the employment period) to establish and to confirm such ownership (including, without limitation, assignments, consents, powers of attorney and other instruments).
The terms and conditions applicable to each Annual Stock Award shall otherwise be as prescribed by the Compensation Committee, with each Annual Stock Award evidenced by an award agreement that is substantially similar to the form of award agreement used for such type of award for Company executives generally, except for such changes as are necessary or desirable to reflect the terms of the Executive’s employment hereunder.
In addition, promptly following initial appointment or election to our Board, a pro rata portion (based on the period from such director’s initial appointment to the first anniversary of the Company’s most recent annual stockholder meeting) of the Annual Stock Award is granted, subject to vesting on the first anniversary of the Company’s most recent annual stockholder meeting.
Miceli 401,64541,068Marc Fox 968,53297,536Robert Perelman 968,53297,536Kelly Porcella 1,019,503102,669 In accordance with the Harris Employment Agreement, Mr. Harris’ Annual Stock Award was fully vested at grant.
The election to receive shares of Common Stock must be made in writing by December 31 of the year preceding the year during which the Annual Stock Award or the Pro Rata Annual Stock Award would otherwise be granted or, if later, the date a Director becomes a Director (or in the case of a Non-Executive Chairman, the date of his or her appointment).
Each Annual Stock Award will be made during the applicable time period set forth below.
Miceli 1,175,70798,882Robert Perelman 1,329,064111,780Kelly Porcella 1,329,064111,780 In accordance with the Harris Employment Agreement, Mr. Harris’ Annual Stock Award was fully vested at grant.