Director Restricted Stock definition

Director Restricted Stock means an Award of Shares granted pursuant to Article VII.

Director Restricted Stock means Common Stock granted to Nonemployee Directors pursuant to the applicable terms, conditions and limitations specified in paragraph 9(b) hereof.

Director Restricted Stock means any Shares of Restricted Stock granted pursuant to Section 6 to an Outside Director.

Examples of Director Restricted Stock in a sentence

• The price at which shares of Common Stock may be purchased under an Option shall be paid in full at the time of exercise in cash or, if elected by the optionee, the optionee may purchase such shares by means of tendering Common Stock or surrendering another Award, including Restricted Stock or Director Restricted Stock, valued at Fair Market Value on the date of exercise, or any combination thereof.

• Only directors of the Company who at the time Director Restricted Stock is granted under this Article VII are “non-employee directors” within the meaning of Rule 16b-3 or any similar rule which may subsequently be in effect (“Non-Employee Directors”) shall be eligible to receive Director Restricted Stock under this Article VII.

• Except as provided otherwise in this Plan, the Director Restricted Stock shall be subject to the same terms and conditions as are applicable to the Restricted Stock.

• Any Award of Director Restricted Stock shall be embodied in a Director Award Agreement, which shall contain the terms, conditions and limitations set forth above and shall be signed by the Participant to whom the Director Restricted Stock is granted and by an Authorized Officer for and on behalf of the Company.

• Each Non-Employee Director who satisfies the conditions set forth in Section 7.1 may be awarded Shares of Director Restricted Stock (subject to adjustment pursuant to Section 2.4) at the discretion of the Administrator.

More Definitions of Director Restricted Stock

Director Restricted Stock means a grant of Restricted Stock to a Non-Employee Director under Section 10 of the Plan.

Director Restricted Stock means Common Stock granted to Nonemployee Directors pursuant to and in accordance with Paragraph 9(c).

Director Restricted Stock means Restricted Stock granted to Nonemployee Directors pursuant to Paragraph 9(c).

Director Restricted Stock means any shares of Restricted Stock granted to an Outside Director.

Director Restricted Stock means Restricted Stock granted to Nonemployee Directors pursuant to Section 9 hereof.

Director Restricted Stock means Awards granted to a nonemployee director in the form of restricted stock pursuant to the terms set forth in Section 12 of the Plan.

Director Restricted Stock shall have the meaning assigned such term in Section 5. 3(b) hereof.