Examples of Dexia Restricted Stock in a sentence
Cash dividends received with respect to your Dexia Restricted Stock shall be converted into U.
On the date hereof, you are vested in none of the shares of Dexia Restricted Stock subject to this award.
Your execution of this Dexia Restricted Stock award agreement (this “Agreement”) will indicate your acceptance of, and your agreement to be bound by, the terms set forth in this Agreement and in the Plan.
The shares of Dexia Restricted Stock subject to such award that are still unvested following the Participant’s Retirement Eligibility Date shall vest in equal installments as of the last day of each of the Company’s fiscal quarters ending during the remaining term of the applicable Normal Vesting Period, provided that, in the case of each such installment, the Participant remains employed by the Company until the applicable vesting date.
Officers and other employees of the Company (but not any person who serves only as a director) who are responsible for or contribute to the management, growth and/or profitability of the business of the Company are eligible to be granted Performance Shares, Dexia Restricted Stock and/or Performance Share Units under the Plan.
The Committee shall determine the officers and key employees of the Company to whom, and the time or times at which, grants of Performance Share Units will be made, the number of Performance Shares and shares of Dexia Restricted Stock to be represented by each Performance Share Unit, and all other conditions of the awards.
The purpose of the Plan pursuant to which your shares of Dexia Restricted Stock have been awarded is to enable the Company to retain and attract executives and employees who will contribute to the Company’s success by their ability, ingenuity and industry, and to enable such executives and employees to participate in the long-term growth of the Company and Dexia by obtaining a proprietary interest in the Company or Dexia and/or the cash equivalent thereof.
The Committee shall determine the officers and key employees of the Company to whom, and the time or times at which, grants of Dexia Restricted Stock will be made, the number of shares to be awarded, the time or times within which such awards may be subject to forfeiture, and all other conditions of the awards.
The shares of Dexia Restricted Stock shall be vested at such time or times as determined by the Committee at the date of award, provided that acceleration of vesting may be granted by the Committee after the date of award.
All unvested Dexia Restricted Stock granted to a Participant shall vest (A) upon the death or Disability of such Participant while employed by the Company or (B) to the same extent that Performance Shares vest, in the event of a Change in Control while such Participant is employed by the Company.