Service Stock definition
Examples of Service Stock in a sentence
If this Agreement has not been fully executed by the Effective Date, the Service Stock Award shall be granted to Executive on the date it is fully executed.
If Executive’s employment is extended beyond the Third Anniversary Date as provided in Section 2, then on or after the Third Anniversary Date, and annually thereafter, Executive’s Service Stock Award may be reviewed by the Compensation Committee to determine whether it should be adjusted.
Executive may be granted additional Service Stock Awards for the second and third years of the Term upon the recommendation of the Compensation Committee in amounts and upon terms and conditions to be established by the Compensation Committee.
If this Agreement is executed by both parties on or prior to the Effective Date, the Service Stock Award shall be granted to Executive on the date it is fully executed.
If the Service Stock Award has been granted on or prior to the Effective Date, it shall vest on January 8, 2019.
If this Agreement has not been fully executed by the Effective Date, the Service Stock Award shall be granted to the Executive on the date it is fully executed.
If the Service Stock Award has been granted after the Effective Date, it shall vest on the first anniversary date of the grant.
The Service Stock Award shall vest on the date which is one year from the grant date, provided Executive continues to provide services to the Company.
Subject to the foregoing, the Service Stock Option Plan and all Service Options issued and outstanding thereunder shall terminate at the Mid-Tier Effective Time.
Service hereby represents and warrants to Middlesex that the maximum number of shares subject to issuance pursuant to the exercise of Service Options issued and outstanding under the Service Stock Option Plan or otherwise is not and shall not be, at or prior to the Mid-Tier Effective Time, more than 17,700.