Examples of Stock Bonus in a sentence
The Committee will determine the number of Shares to be awarded to the Participant under a Stock Bonus Award and any restrictions thereon.
Performance Periods may overlap and a Participant may participate simultaneously with respect to Stock Bonus Awards that are subject to different Performance Periods and different performance goals and other criteria.
No payment from the Participant will be required for Shares awarded pursuant to a Stock Bonus Award.
These restrictions may be based upon completion of a specified number of years of service with the Company or upon satisfaction of performance goals based on Performance Factors during any Performance Period as set out in advance in the Participant’s Stock Bonus Agreement.
Payment may be made in the form of cash, whole Shares, or a combination thereof, based on the Fair Market Value of the Shares earned under a Stock Bonus Award on the date of payment, as determined in the sole discretion of the Committee.