Stock Award definition
Examples of Stock Award in a sentence
The grant of the Stock Award and any payments made hereunder will not be considered salary or other compensation for purposes of any severance pay or similar allowance, except as otherwise required by law.
Any portion of this Deferred Stock Award that does not become vested upon termination of Service will be immediately forfeited.
The Committee is authorized to grant a Stock Award under the Plan to any Eligible Person as a bonus, as additional compensation, or in lieu of cash compensation the individual is otherwise entitled to receive, in such amounts and subject to such other terms as the Committee determines to be appropriate.
The Company hereby grants to the Grantee a Performance Stock Award as of the Grant Date.
Subject to the terms, restrictions, limitations, and conditions stated herein and in the Plan, the Company hereby awards to Recipient this Deferred Stock Award that provides for a “target” number of Deferred Stock Units identified above (the “Target Award”).