Quarterly Grant Date definition
Examples of Quarterly Grant Date in a sentence
The number of shares of Deferred Stock subject to this Agreement shall be determined as of each Quarterly Grant Date and shall be equal to the ratio of (A) the aggregate value of the Director’s fees for the applicable calendar quarter to be paid in the form of Deferred Stock pursuant to Director’s election on Exhibit A attached hereto, to (B) the Fair Market Value per share of Stock as of such Quarterly Grant Date.
Each Quarterly Grant shall be fully vested upon grant, and the shares subject to such Quarterly Grant shall be issued not more than five (5) business days after the applicable Quarterly Grant Date.
The number of shares of Deferred Stock Units subject to this Agreement shall be determined as of each Quarterly Grant Date and shall be equal to the ratio of (A) the aggregate value of the Director’s fees for the applicable calendar quarter to be paid in the form of Deferred Stock Units pursuant to Director’s election on Exhibit A attached hereto, to (B) the Fair Market Value per share of Stock as of such Quarterly Grant Date.
Subject to the terms and conditions of this Agreement, Executive will receive a grant of Two Hundred Thousand (200,000) stock options on the date of ManTech’s next Quarterly Grant Date (to occur on August 3, 2009) pursuant to ManTech’s Stock Option Grant Policy.
For the sake of clarity, any future Quarterly Grants shall be forfeited in the event that ▇▇▇▇▇’ employment hereunder and the Term is terminated for any reason other than as contemplated by the preceding sentence prior to the Final Quarterly Grant Date.
Subject to approval by the Board or Committee in its sole discretion, each 2026 Award shall be granted in the form of a cash payment or an RSU award, subject to your continued service through each Quarterly Grant Date in 2026, as determined by the Board or Committee in its sole discretion, based upon the most recent price per share of the Company’s Class A common stock as of the applicable Quarterly Grant Date.
Subject to approval by the Board or Committee in its sole discretion, each 2025 Award shall be granted in the form of a cash payment of $350,000, subject to your continued service through each Quarterly Grant Date in 2025.