Automatic Grant Date definition

Automatic Grant Date means the first business day after the first meeting of the Board of Directors of the Company following each annual meeting of stockholders of the Company during the Term.
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Automatic Grant Date means (i) with respect to each non-employee director of the Company in office on the date this Plan is adopted by the Board, the date this Plan is adopted by the Board, and (ii) with respect to each non-employee director of the Company first elected to the Board subsequent to the date this Plan is adopted, the date such director is elected to the Board.
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Automatic Grant Date means December 1 or the first trading day thereafter.
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Examples of Automatic Grant Date in a sentence

  • The exercise price of any New Director Options granted shall equal the fair market value of shares of the Company’s common stock subject thereto on the Automatic Grant Date.

  • The Option Price of Automatic Options shall be 100% of the Fair Market Value on the Automatic Grant Date.

  • The exercise price per share of Common Stock subject to each automatic option grant made under this Article IV shall be equal to 100% of the fair market value per share of the Common Stock on the applicable Automatic Grant Date, as determined in accordance with the valuation provisions of Section 2.1(d) hereof.

  • Each Option shall become exercisable for any or all of the shares covered by such Option immediately upon the Automatic Grant Date.

  • On the last business day of the second quarter of each fiscal year of the Corporation ("Automatic Grant Date"), each continuing Eligible Director (including each Eligible Director who is newly elected or appointed on the Automatic Grant Date) will receive an Automatic Option to purchase that number of whole shares of Common Stock determined by dividing $100,000 by the Average Stock Price on the Automatic Grant Date.

  • The exercise price per Ordinary Share subject to each automatic option grant made under this Article Three shall be determined as follows: - For each automatic option grant made on the Initial Automatic Grant Date, the exercise price per Ordinary Share shall be equal to the Fair Market Value per Ordinary Share on such date as shall be determined by the Plan Administrator after taking into account such factors as the Plan Administrator deems relevant.

  • If an Eligible Director is newly elected or appointed on a date other than an Automatic Grant Date, on the immediately succeeding Automatic Grant Date, such Eligible Director will be granted a pro-rata Automatic Share Right to receive the number of whole shares of Common Stock determined by multiplying the number of whole calendar months since the Eligible Director's election or appointment by $2,083.33 and dividing the product by the Average Stock Price on the Automatic Grant Date.

  • Each Automatic Option Grant made pursuant to Section 4.1(a)(i) shall become exercisable and vest in a series of twelve (12) equal and successive monthly installments, with the first such installment to become exercisable one month after the Annual Automatic Grant Date.

  • The price per share payable upon exercise of an Option ("Exercise Price") shall be the fair market value per share of Common Stock as of the applicable Automatic Grant Date.

  • Pursuant to the terms of the Plan, Director is granted as of the Automatic Grant Date an option to purchase Two Thousand Five Hundred (2,500) Shares of the Company's Common Stock, at One Dollar Twenty Five Cents ($1.25) per share, which is equal to one hundred percent (100%) of the Fair Market Value of a share of the Company's Common Stock on the Automatic Grant Date.

Related to Automatic Grant Date

  • Grant Date means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution.

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Automatic Exercise Date means, with respect to an Option or a Stock Appreciation Right, the last business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g., the last business day prior to the tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable).

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Automatic firearm means any firearm designed or specially adapted to fire a succession of cartridges with a single function of the trigger.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Automatic Renewal Terms with TIPS Members Certification Regarding "Indemnity" Terms with TIPS Members Certification Regarding "Arbitration" Terms with TIPS Members

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Automatic Exchange Rights means the benefit of the obligation of Parent to effect the automatic exchange of Parent Common Shares for Exchangeable Shares pursuant to Section 5.13.

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • Date of Grant means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Non-Qualified Share Option means an Option that is not intended to be an Incentive Share Option.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Qualified Retirement means any termination of your employment with the Company Group that occurs on or after your 60th birthday, at a time when no member of the Company Group is entitled to discharge you for Cause, so long as you have served the Company Group continuously for at least the five-year period immediately preceding that termination.

  • Date of Award means the date this Contract is fully executed.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Director Option means an Option granted pursuant to Section 6.