Initial Grants definition

Initial Grants has the meaning specified in Section 4(c)(ii).
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Initial Grants means the one time initial grants of Options to the Founders and Non-Founders as determined by the Board to recognise their long service and ongoing contributions;
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Initial Grants means the initial grants of Options under this Plan as of the Effective Date as contemplated by Section 3.2 (a) of the Plan.
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Examples of Initial Grants in a sentence

  • In the event that the Closing fails to occur for any reason by June 28, 2005, then the Initial Grants will be automatically canceled and you will be entitled to no payments or benefits with respect thereto.

  • Initial Grants shall vest ratably in equal annual installments on each of the first three anniversaries of the date of grant.

  • The remaining 50% shall become exercisable as to 1/36 of the remaining Shares on each monthly anniversary of the date of grant, such that Initial Grants are fully vested and exercisable on the third anniversary of the date of grant, so long as the Non-Employee Director continuously remains a director, consultant or employee of the Company.

  • All Initial Grants and Annual Grants held by an Eligible Director shall become fully vested and exercisable upon the termination of the Eligible Director’s Continuous Service by reason of Retirement, unless otherwise expressly set forth in the applicable Stock Award Agreement(s).

  • Supplemental Initial Grants shall vest ratably in equal annual installments on each of the first three anniversaries of the date of grant, and Supplemental Annual Grants shall fully vest on the first anniversary of the date of grant.

  • The Program became effective as of the Registration Date on December 1, 1999, and was first amended and restated by the Board on April 22, 2001 to increase the number of Shares granted pursuant to Initial Grants and Subsequent Grants (as defined below) and to change the vesting provisions thereunder.

  • Initial Grants shall vest and become exercisable as to 1/36 of the total Shares subject to the Initial Grant on each monthly anniversary of the date of grant, such that Initial Grants are fully vested and exercisable on the third anniversary of the date of grant, so long as the Non-Employee Director continuously remains a director, consultant or employee of the Company.

  • Notwithstanding the foregoing, any performance based Initial Grants may, in the discretion of the Compensation Committee, have a vesting schedule that ends in the first quarter of 2009.

  • The Program was further amended and restated by the Board on March 29, 2002 to increase the number of Shares granted pursuant to Initial Grants and Subsequent Grants, to award additional Option grants to Non-Employee Directors serving on committees of the Board, and to change the vesting provisions for all automatic Option grants.

  • Initial Grants shall be made on the first business day after the date such Optionee is first elected to the Board.


More Definitions of Initial Grants

Initial Grants. Pursuant to an allocation proposed by the CEO and approved by the Compensation Committee, as per the Disclosure Letter.
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Initial Grants means the one time initial grants of Options made prior to any Listing to the Founders and Non-Founders as determined by the Board to recognise their long service and ongoing contributions prior to a Listing;
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Initial Grants means the collectively the 2017 Performance Option, the 0000 XXX Grant and the 2018 Performance Awards.
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Initial Grants shall have the meaning set forth in Section 4(d) of the Employment Agreement.
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Related to Initial Grants

  • Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Capital Grant means grant paid to the Academy Trust in respect of Capital Expenditure.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Grant Date means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution.

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Sub-grant means a grant made or proposed to be made by the Recipient to a Beneficiary out of the proceeds of the Financing for the purpose of financing a Subproject; and “Sub-grants” means more than one such Sub-grant.

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Director Option means an Option granted pursuant to Section 6.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Grants means subsidies, aid, or payments to local governments, to community and quasi-public agencies for providing local services, and to persons who are not wards of the State for services or supplies and means cash or other direct assistance, including pension contributions.

  • Options means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

  • SARS means the South African Revenue Service.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Stock Appreciation Right Agreement means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Deferred Stock Award means Awards granted pursuant to Section 8.