Examples of Initial Grant Date in a sentence
The "Initial Grant Date" shall be the date that an Eligible Director is first appointed or elected to the Board.
As of the Initial Grant Date, Company shall grant Executive shares of restricted Common Stock in an amount to be determined by the Board ("Restricted Stock"), in accordance with the terms of the Stock Plan.
As an inducement to Executive to enter into this Agreement, Company shall grant to Executive, as of the date upon which initial grants are made to other senior executives of the Company (the "Initial Grant Date"), an Option to purchase shares of Common Stock in an amount to be determined by the Board (the "Initial Option") in accordance with the terms of the Company's 2001 Stock Plan, as it may be amended or restated from time to time (the "Stock Plan").
Such Restricted Stock shall, subject to Executive's continued employment by the Company, vest in its entirety on the third anniversary of the Initial Grant Date and shall be fully vested upon a Change of Control.
Such Options shall vest in thirds upon each of the first three anniversary dates of the Initial Grant Date, and shall be fully vested upon Executive's death, Disability or a Change of Control.