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;

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.

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.

• 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 Initial Grants vest annually over a four-year period, subject to the terms and conditions set forth in the Company’s stock incentive plan and the respective stock agreements.

• The Initial Grants shall be divided equally between Options, which will vest pro-rata over three years, and Restricted Stock, which will vest pro rata over four years.

• The Initial Grants and the other terms and conditions thereof shall be evidenced by award agreements to be entered into by Executive and Employer.

• To the extent that you have been issued an Option and/or RSU pursuant to the Offer Letter (“Initial Grants”), the provisions of the Offer Letter and your individual Option and/or Restricted Stock Unit Award Agreement relating to such the Initial Grants shall remain in full force and effect without modification by this Amendment #1.

• Executive will use reasonable efforts to utilize the safe harbor provided by Rule 144 under the Securities Act of 1933 to exempt from registration sales by Executive of shares derived from the Initial Grants.

• The Initial Grants are also subject to certain provisions of this Agreement, and the Agreement re Specified Acts being entered into between the Company and Executive concurrently with this Agreement in the form of Exhibit B to this Agreement (the “Agreement re Specified Acts”).

• This includes, without limitation, those provisions in the Offer Letter and your individual Option and/or Restricted Stock Unit Award Agreement relating to the vesting and acceleration upon change of control of the Initial Grants.

• If and to the extent that Executive cannot implement and execute a plan to achieve reasonable liquidity from sales of shares derived from the Initial Grants pursuant to Rule 144, the Company will use reasonable efforts to provide an effective registration statement to cover sales by Executive of such shares, provided that Executive and the Company will cooperate to determine timing and duration for such registration that is not adverse to the Company’s interests.

More Definitions of Initial Grants

Initial Grants means the one time initial grants of Options recognising the long service and ongoing contribution of the Founders and other Eligible Employees who were under the employment of the H3GUKH Group prior to 31 March 2001 and who remain so employed and who the Remuneration Committee determines should receive such an initial grant;

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;

Initial Grants shall have the meaning set forth in Section 4(d) of the Employment Agreement.

Initial Grants. Pursuant to an allocation proposed by the CEO and approved by the Compensation Committee, as per the Disclosure Letter.

Initial Grants means the collectively the 2017 Performance Option, the ▇▇▇▇ ▇▇▇ Grant and the 2018 Performance Awards.

Initial Grants has the meaning specified in Section 6.15(a).