Awarded Stock definition
Examples of Awarded Stock in a sentence
The Administrator in its discretion may provide for a Participant to have the right to exercise his or her Award, to the extent applicable, until 10 days prior to such transaction as to all of the Awarded Stock covered thereby, including Shares as to which the Award would not otherwise be exercisable.
Until the Shares are issued (as evidenced by the appropriate entry on the books of the Corporation or of a duly authorized transfer agent of the Corporation), no right to vote or receive dividends or any other rights as a shareholder will exist with respect to the Awarded Stock, notwithstanding the exercise of the Option.
Unless otherwise determined by the Administrator, in the event that the successor corporation refuses to assume or substitute for the Option or SAR, the Participant shall fully vest in and have the right to exercise the Option or SAR as to all of the Awarded Stock, including Shares as to which it would not otherwise be vested or exercisable.
As of the date hereof and subject to the restrictions set forth in sections 3 and 4 of this Agreement, Director shall have full beneficial ownership of, and rights and privileges of a stockholder as to, the Awarded Stock, including the right to vote and the right to receive dividends attributable to such Awarded Stock.
To the extent that this award or the disposition of Awarded Stock acquired hereby results in wages to Director for federal, state, or local tax purposes, Director shall deliver to the Company at the time of such award or disposition such amount of money, if any, as the Company may require to meet its minimum withholding obligations under applicable tax laws or regulations.
This Agreement together with the attached Exhibit A constitutes the entire agreement of the parties with regard to the subject matter hereof, and contains all the covenants, promises, representations, warranties and agreements between the parties with respect to the Awarded Stock.
Director further acknowledges that the Awarded Stock may not be sold, transferred, pledged, assigned, or otherwise encumbered or disposed of except pursuant to an available exemption from the registration requirements of the Securities Act of 1933, as amended, and therefore agrees that Awarded Stock will not be sold or otherwise disposed of in any manner which would constitute a violation of any applicable federal or state securities laws.
Each holder of the Attorney Fee Stock and/or the Awarded Stock shall each have the right to Transfer any Stock in calendar year 2005 pursuant to any exercise of Co-Sale Rights as set forth in the Statement of Co-Sale Rights attached hereto as Exhibit B and incorporated herein by reference.
Whenever, during the Restricted Period, the Recipient has any notice or knowledge of any attempted, pending, or consummated involuntary transfer or lien or charge upon any of the Awarded Stock, whether by operation of law or otherwise, the Recipient shall give immediate written notice thereof to the Company.
Subject to applicable law, the holders of the Attorney Fee Stock and the Awarded Stock may Transfer any of their Stock in private transactions at any time and in any other transactions after the Expiration Date, without restriction by this Settlement Agreement.