Target Restricted Stock Award definition

Target Restricted Stock Award means number of Restricted Shares granted under the Plan to a Participant at the beginning of a Performance Period in the form of a Performance-Based Restricted Stock Award.
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Target Restricted Stock Award has the meaning set forth in Section 4.07(c).
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Examples of Target Restricted Stock Award in a sentence

  • Parent’s board of directors or a committee thereof shall succeed to the authority and responsibility of the Target Board or any committee thereof with respect to each Target Stock Plan and Target Restricted Stock Award.

  • The number of shares of Buyer Common Stock subject to each such Converted Restricted Stock Award will equal the number of shares of Target Common Stock subject to the applicable Target Restricted Stock Award multiplied by the Exchange Ratio, rounded to the nearest whole share of Buyer Common Stock.

  • The Participant is hereby granted a number of Restricted Shares equal to the Target Restricted Stock Award pursuant to and subject to the terms and conditions of the LTIP, this Agreement and the Plan.

  • Such award shall be expressed in terms of shares of Common Stock, based on a percentage of the Participant's Target Restricted Stock Award.

  • Each Performance-Based Restricted Stock Award shall be comprised of that number of actual shares of restricted Common Stock equal to the Participant's Target Restricted Stock Award, and shall be awarded pursuant to the LTIP and subject to the terms and conditions thereof, as well as of this Plan.

  • For each Participant granted a Performance-Based Restricted Stock Award, the Committee shall establish (i) the Performance Period, (ii) the Target Restricted Stock Award, (iii) the level of Restricted Stock Performance Criteria used to determine the Restricted Stock Vesting Percentage and (iv) the level of the Restricted Stock Vesting Percentage determined by the attainment of the Restricted Stock Performance Criteria.

  • For each of the three calendar years in the Performance Period, the Participant shall become contingently vested in a number of Restricted Shares equal to the product of (i) the Restricted Stock Vesting Percentage for such year (determined by the TSR Percentage Point Spread for such year in accordance with the "Total Shareholder Return Incentive Scale" set forth on Schedule B), but not greater than 100%, multiplied by (ii) one-third (1/3) of the Target Restricted Stock Award.

  • Upon the occurrence of a Change in Control during the Measurement Period, the restrictions will lapse immediately on the number of Shares equal to product (rounded down to the nearest whole Share) of (i) the number of Shares equal to the Target Restricted Stock Award and (ii) a fraction, the numerator of which is the number of full weeks in the Measurement Period prior to the Change in Control, and the denominator of which is 156, and all other Shares will be forfeited.

  • In the event of your death while an Employee, the number of Shares (rounded up to the nearest whole Share) that bears the same ratio to the Target Restricted Stock Award as the number of days from the beginning of the Performance Period through the date of your death bears to 1,095 will be deemed to be Earned Shares.

  • Each Credit Event .................................................53 ARTICLE V Affirmative Covenants SECTION 5.01.

Related to Target Restricted Stock Award

  • Company Restricted Stock Award means each award with respect to a share of restricted Company Common Stock outstanding under any Company Stock Plan that is, at the time of determination, subject to forfeiture or repurchase by the Company.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Company Restricted Stock Unit means a restricted stock unit issued pursuant to any of the Company Equity Plans that remains outstanding as of immediately prior to the Effective Time (other than Company Performance Restricted Stock Units).

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Restricted Stock Plan means either the RPM International Inc. 1997 Restricted Stock Plan or the RPM International Inc. 2007 Restricted Stock Plan and any successor plan or arrangement to either of such plans, but shall not be deemed to mean or include the Omnibus Plan.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Company Restricted Stock means all shares of Company Common Stock, subject to vesting or other restrictions, whether granted pursuant to the Company Stock Plans or otherwise.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Restricted Share Award means an award of Restricted Shares.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Unrestricted Stock Award means an Award of shares of Stock free of any restrictions.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Stock Award means any right to receive Common Stock granted under the Plan, including an Incentive Stock Option, a Nonstatutory Stock Option, a Restricted Stock Award, a Restricted Stock Unit Award, a Stock Appreciation Right, a Performance Stock Award or any Other Stock Award.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Company Restricted Shares Section 2.4(c)