Examples of Grant in a sentence
The Award shall be one hundred percent (100%) unvested on the Date of Grant.
The Company has granted to the Participant [ ] RSUs (the total number of such RSUs, the “Total RSUs”), representing a value of approximately $[ ] on the Date of Grant, using the closing price of the Company’s common stock on the Date of Grant.
The Additional Award shall be one hundred percent (100%) unvested on the Date of Grant and if on the Performance Vesting Date, the Committee has certified that no portion of the Base Award has become vested, the Additional Award shall automatically terminate in full and all Restricted Stock Units comprising the Additional Award credited to the Participant’s Account shall be forfeited without consideration to the Participant.
This Performance Share Agreement (the “Agreement”) evidences the grant by the Company on the Grant Date to the Participant of the Award, subject to the terms and conditions set forth in this Agreement and in the Company’s Second Amended and Restated 2015 Long-Term Incentive Plan (the “Plan”).
Half of the Option (“3x Portion”) will vest when the average closing Company stock price is three times the Grant Date Exercise Price for a period of 10 consecutive trading days and half (“5x Portion”) will vest when the average closing Company stock price is five times the Grant Date Exercise Price for 10 consecutive trading days (the day an applicable portion of the Option will vest, “Option Vesting Date”).