Grant Shares means, with respect to each Eligible Director for a particular year, a number of shares calculated according to the following formula: 1% of the number of the Company's outstanding Common Stock shares as of the December 31 immediately preceding the Date of Grant divided by the number of then-Eligible Directors. In no event may the number of Grant Shares in any given year to any given Eligible Director exceed one-half of 1% of the Company's outstanding Common Stock shares.

Grant Shares has the meaning given such term in Section 5(b)(i).

Grant Shares means Plan Shares granted or awarded in ------------ accordance with section 6 of the Plan. ---------

Examples of Grant Shares in a sentence

Any certificate(s) representing Grant Shares which include forfeited shares shall only represent that number of Grant Shares which have not been forfeited hereunder.
The Company shall cause to be issued a stock certificate, registered in the name of the Grantee, evidencing the Grant Shares upon receipt of a stock power duly endorsed in blank with respect to such shares.
All Grant Shares forfeited hereunder shall automatically revert to the Plan and become canceled.
If there is a Change in Control of the Company (as defined in the Plan at such time), the transfer restrictions of this Section 2 shall automatically cease as of the effective date of such Change in Control, and all the Grant Shares shall thus be 100% vested upon a Change in Control.
This Agreement shall supersede and replace all prior agreements and understandings, oral or written, between the Company and the Grantee regarding the Grant Shares covered hereby.

More Definitions of Grant Shares

Grant Shares means Plan Shares granted or awarded in accordance with Article VI. ----------

Grant Shares. [Exercisable for _______________ (________) shares immediately on or after Date of Issuance.] [-if none scheduled, substitute "None" above-] Expiration Date: ______________, 2006, subject to earlier termination as provided below. TRANSFER OF THIS CERTIFICATE IS RESTRICTED IN ACCORDANCE WITH THE ATTACHED TERMS AND CONDITIONS. By signing below, the Company and the Optionholder each agrees to the foregoing and to the attached Management Stock Option Terms and Conditions, which are incorporated herein by reference. VIISAGE TECHNOLOGY, INC. OPTIONHOLDER By: _____________________ __________________________ Title: VIISAGE TECHNOLOGY, INC. MANAGEMENT STOCK OPTION AGREEMENT Management Stock Option Terms and Conditions -------------------------------------------- (Nonqualified)

Grant Shares means Shares that may be issued in the future to a Grantee upon the exercise, settlement or payment of her, his or its Approved Grant;

Grant Shares means the 200,000 shares of Common Stock transferred by ADSX to the Purchaser.

Grant Shares means the number of shares of the Parent’s restricted Common Stock to be issued to Laurus on the Closing Date in such amount as shall be equal to the sum of $350,000 divided by the average closing price for the Common Stock for the ten (10) trading days prior to the Closing Date.

Grant Shares means (i) all shares of Common Stock issued or ------------ issuable upon the award or vesting of a Grant and (ii) all shares of Common Stock issued with respect to the Common Stock referred to in clause (i) above by way of stock dividend or stock split or in connection with any conversion, merger, consolidation or recapitalization or other reorganization affecting the Common Stock. Unless provided otherwise herein or in the Participant's Grant Agreement, Grant Shares will continue to be Grant Shares in the hands of any holder other than the Participant (except for the Company), and each such transferee thereof will succeed to the rights and obligations of a holder of Grant Shares hereunder.

Grant Shares has the meaning set forth in Section 2.1.