Take Ownership Grant definition

Take Ownership Grant means the Option granted to each eligible Participant pursuant to Article 12.
Sample 1Sample 2Sample 3

Examples of Take Ownership Grant in a sentence

  • Each Participant selected to receive a Take Ownership Grant shall be entitled to receive an Option to purchase 50 shares of Stock.

  • All shares delivered by the Company upon exercise of the Take Ownership Grant shall be fully paid and nonassessable upon delivery.

  • The Optionee shall have no obligation to exercise any Take Ownership Grant granted by this Agreement.

  • To the extent not specifically provided herein, all capitalized terms used in this Take Ownership Grant Agreement shall have the same meanings ascribed to them in the Plan.

  • The Company shall not be required to deliver any shares of Stock pursuant to the exercise of all or any part of the Take Ownership Grant if, in the opinion of counsel for the Company, such issuance would violate the Securities Act of 1933 or any other applicable federal or state securities laws or regulations.

  • In the event the Take Ownership Grant shall be exercised by a person or persons other than Optionee pursuant to paragraph 8 hereof, such notice shall be signed by such other person or persons and shall be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Take Ownership Grant.

  • All developments having existing controls located downstream from the site will be required to control the flow rate of stormwater discharge to that rate which existed prior to development.

  • Customer shall not remove or deface any restricted rights notice or other legal notice appearing on the Products or on any packaging or other media associated with the Products.

  • Payment for shares purchased upon the exercise of the Take Ownership Grant shall be made by the Optionee in cash, previously-acquired Stock held for more than six months (through actual tender or by attestation), broker-assisted cashless exercise arrangement, or such other method permitted by the Board and communicated to the Optionee in writing prior to the date the Optionee exercises all or any portion of the Take Ownership Grant.

  • The Award Agreement shall provide that upon a Participant's termination of employment or service with the Company or a Subsidiary for any reason, the Take Ownership Grant shall lapse and shall include such other provisions as may be specified by the Committee.

Related to Take Ownership Grant

  • Continuing ownership interest means ownership of or entitlement to more than twenty five per cent of shares or capital or profits of the company;

  • Common ownership means the same or substantially similar persons or entities that maintain a

  • Joint Ownership - (also known as equity JVs) means the establishment by two parent companies of a child company for a specific task within which both parent companies invest in order to overcome the limited capabilities vested within them in order that they can both benefit from the combined investment.

  • Common Service Provider means a person nominated by the ICSDs to perform the role of common service provider;

  • Shared Ownership Lease means a shared ownership lease that meets:

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

  • Ownership Interest As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

  • Ownership Share means, with respect to any Subsidiary of a Person (other than a Wholly Owned Subsidiary) or any Unconsolidated Affiliate of a Person, the greater of (a) such Person’s relative nominal direct and indirect ownership interest (expressed as a percentage) in such Subsidiary or Unconsolidated Affiliate or (b) such Person’s relative direct and indirect economic interest (calculated as a percentage) in such Subsidiary or Unconsolidated Affiliate determined in accordance with the applicable provisions of the declaration of trust, articles or certificate of incorporation, articles of organization, partnership agreement, joint venture agreement or other applicable organizational document of such Subsidiary or Unconsolidated Affiliate.

  • Membership service means service as an employee rendered while a contributing member of the

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Ownership means, for purposes of this definition, control of more than a 50% interest in an entity.

  • direct sale means any sale or transfer of milk by a producer directly to consumers, as well as any sale or transfer of other milk products by a producer. The Commission may, while respecting the definition of ‘delivery’ given in point (f), adjust the definition of ‘direct sale’ in order to ensure, in particular, that no quantity of marketed milk or other milk products is excluded from the quota arrangements;