Compensation Stock definition

Compensation Stock means the Company's $.001 par value common stock, or such other shares or securities in the event that the Company’s common stock is hereafter changed into or exchanged for different securities of the Company, issued to individuals for bone fide services rendered to the Company pursuant to written agreements which may include but are not limited to Employment agreements, Consulting Agreements or other forms of written fee or compensation agreements.
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Compensation Stock. Options shall vest at the rate of 1.93% for each two week per each two week period of Optionee's employment with the Company, with full vesting in Compensation Stock Options occurring on the last day of the fifty-second (52nd) two week period of Optionee's employment with the Company. If Optionee terminates his employment 2 EXHIBIT 99.7 with the Company before his Compensation Stock Options are fully vested hereunder and prior to the last day of a two week period, then his vested interest in Compensation Stock Options shall be prorated to the date of termination.
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Compensation Stock means the Company's $.001 par value common stock, or such other shares or securities in the event that the Company's common stock is hereafter changed into or exchanged for different securities of the Company, issued to individuals for bone fide services rendered to the Company pursuant to written agreements which may include but are not limited to
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Examples of Compensation Stock in a sentence

  • Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification (FASB ASC) 718, Compensation- Stock Compensation.

  • The Company accounts for option grants and deferred share unit grants in accordance with ASC Topic 718 Compensation- Stock Compensation.All options granted under the Management Share Option Plan have exercise prices equal to the assessed market value of the Company’s Common Shares on the grant date, determined in accordance with the Company’s Management Share Option Plan.

  • Deferred Compensation Stock Options are intended to provide a means by which compensation payments can be deferred to future dates.

  • Unless any provision herein indicates to the contrary, this Compensation Plan shall be subject to the General Provisions of the Program, and terms used but not defined in this Compensation Stock Option Plan shall have the meanings, if any, ascribed thereto in the General Provisions of the Program.

  • The terms and conditions of Compensation Shares, or Compensation Shares rights granted under this Compensation Plan may differ from one another as the Program Administrators shall, in their discretion, determine in each Compensation Stock Option Agreement (the "Compensation Agreement").

  • The Company shall have the right at the time of exercise of any Stock Option, the issue of Compensation Stock, or the lapse of restrictions on Compensation Shares, to make adequate provision for any federal, state, local or foreign taxes which it believes are or may be required by law to be withheld with respect to such exercise (the "Tax Liability"), to ensure the payment of any such Tax Liability.

  • The Board or Committee from time to time, in its absolute discretion, may (a) issue Compensation Stock for services rendered to the Company by an Employee of the Company, and such other persons as the Board or Committee may select and in connection with the issuance of such Compensation Stock, grant Stock Options to such Employees and others who provide services to the Company.

  • Whether acquired as Compensation Stock or through the exercise of a Stock Option, the owner of Common Stock issued under this Plan shall not be required to hold such stock, subject to the rights and conditions, or such vesting schedule to which the Stock Option was subject.

  • The term of each Nonqualified Stock Option and Deferred Compensation Stock Options, shall be determined by the Committee and set forth in the Award Agreement.

  • Variable Compensation Stock Unit Award Program Subplan (previously titled the Investment Technology Group, Inc.


More Definitions of Compensation Stock

Compensation Stock means Common Stock authorized by the Committee for payment to a Bank employee in lieu of cash compensation for services rendered or to be rendered by that employee for the benefit of the Bank.
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Related to Compensation Stock

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Bonus Stock means shares of Common Stock which are not subject to a Restriction Period or Performance Measures.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Deferred Stock means a right to receive a specified number of shares of Stock during specified time periods pursuant to Article 8.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • DSUs means the outstanding deferred share units issued under the DSU Plan.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Eligible Compensation means (i) for eligible exempt employees, such employee’s base salary at the time the Bonus or Spot Bonus is determined (prorated for time in an eligible position), and (ii) for eligible non-exempt and non-union hourly employees, such employees’ eligible wages for the applicable year as determined by the Company to be required by law.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Bonus Shares means Shares that are awarded to a Grantee without cost and without restrictions in recognition of past performance (whether determined by reference to another employee benefit plan of the Company or otherwise) or as an incentive to become an employee of the Company or a Subsidiary.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.