Award Stock definition

Award Stock with respect to a Participant, means any Stock issued to such Participant upon exercise of any Options granted under the Plan and any Stock issued to such Participant as Restricted Stock or Restricted Stock Unit. For all purposes of this Plan, Award Stock will continue to be Award Stock in the hands of any holder (including any Permitted Transferee) other than a Participant (except for the Company and purchasers pursuant to a Public Sale), and each such other holder of Award Stock will succeed to all rights and obligations attributable to such Participant as a holder of Award Stock hereunder. Award Stock will also include shares of the Company’s capital stock issued with respect to shares of Award Stock by way of a stock split, stock dividend or other recapitalization.

Award Stock means, for any Participant, any Common Stock issued to such Participant upon exercise or settlement of any Award granted hereunder. For all purposes of the Plan, Award Stock will continue to be Award Stock in the hands of any holder (including any Permitted Transferee) except for the Company, the Sponsors and purchasers pursuant to a Public Sale, and each such other holder of Award Stock will succeed to all rights and obligations attributable to such Participant as a holder of Award Stock hereunder. Award Stock will also include shares of the capital stock issued with respect to shares of Award Stock by way of a merger, stock split, stock dividend or other recapitalization.

Award Stock means Common Stock issued pursuant to a Management Equity Plan.

Examples of Award Stock in a sentence

• A Performance Award, Stock Payment award, Dividend Equivalent award, Deferred Stock award and/or Deferred Stock Unit award is distributable only while the Holder is an Employee, Director or Consultant, as applicable.

• The Committee may, in its discretion, extend one or more loans to key Employees in connection with the exercise or receipt of an Option, Performance Award, Stock Appreciation Right, Dividend Equivalent or Stock Payment granted under this Plan, or the issuance of Restricted Stock or Deferred Stock awarded under this Plan.

• The Company shall be entitled to require payment in cash or deduction from other compensation payable to each Optionee, Grantee or Restricted Stockholder of any sums required by federal, state or local tax law to be withheld with respect to the issuance, vesting or exercise of any Option, Restricted Stock, Deferred Stock, Performance Award, Stock Appreciation Right, Dividend Equivalent or Stock Payment.

• The members of the Committee shall not be liable for any act done in good faith with respect to this Plan or any Agreement, Option, SAR, Incentive Award, Stock Award, Other Equity-Based Award or award of Performance Units.

• The Plan shall become effective on the IPO Date, but no Stock Award shall be exercised (or, in the case of a Stock Purchase Award, Stock Bonus Award, Stock Unit Award, or Other Stock Award shall be granted) unless and until the Plan has been approved by the stockholders of the Company, which approval shall be within twelve (12) months before or after the date the Plan is adopted by the Board.

More Definitions of Award Stock

Award Stock means WCI Stock issued pursuant to an Award, however, shares of Restricted Stock will not be treated as Award Stock until they vest.

Award Stock means, for any Participant, any Common Stock issued to such Participant pursuant to an Award, upon exercise of any Award granted hereunder, and any securities or other property issued to the Participant pursuant to an Award. For all purposes of the Plan, Award Stock will continue to be Award Stock in the hands of any holder (including any Permitted Transferees of the Participant, but excluding the Company, the Sponsor and purchasers pursuant to a Public Sale), and each such other holder of Award Stock will succeed to all rights and assume all obligations attributable to such Participant as a holder of Award Stock hereunder. Award Stock is intended to qualify as “service recipient stock” within the meaning of Section 409A of the Code. “Award Stock” shall also mean shares of the Company’s capital stock issued with respect to shares of Award Stock by way of a stock split, stock dividend, exchange, or other recapitalization.

Award Stock means (i) the Award Shares and (ii) all shares of Common Stock issued with respect to the Award Shares by way of stock dividend or stock split or in connection with any conversion, merger, consolidation or recapitalization or other reorganization affecting the Common Stock.

Award Stock means the Common Stock subject to an Award.

Award Stock shall have the meaning set forth in Section 18.3.

Award Stock shall have the meaning set forth in the 2014 Stock Option Plan.

Award Stock means any Shares of Stock of the Company issued to Participant upon exercise the Option. Award Stock will continue to be Award Stock in the hands of any holder (including any Permitted Transferee) other than Participant (except for the Company and purchasers pursuant to a Public Sale), and each such other holder of Award Stock will succeed to all rights and obligations attributable to Participant as a holder of Award Stock hereunder. Award Stock will also include shares of the Company’s capital stock issued with respect to shares of Award Stock by way of a stock split, stock dividend or other recapitalization. For purposes of this Exhibit, the “Original Value” for each share of Award Stock will be equal to the exercise price paid by Participant for such share of Award Stock, as proportionally adjusted for all subsequent stock splits, stock dividends, and other recapitalizations affecting the Award Stock.