Unrestricted Stock definition

Unrestricted Stock means an Award pursuant to Section 11 hereof.

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Unrestricted Stock means Stock that is free of any restrictions.

Unrestricted Stock means shares of Common Stock which are not subject to a Restriction Period or Performance Measures.

Examples of Unrestricted Stock in a sentence

• The Grantee will have the right to vote such Unrestricted Stock and the right to receive any dividends declared or paid upon receiving such Unrestricted Stock.

• Unrestricted Stock Awards may be granted in respect of past services or other valid consideration, or in lieu of cash compensation due to such grantee.

• The Administrator may grant (or sell at par value or such higher purchase price determined by the Administrator) an Unrestricted Stock Award under the Plan.

• An Unrestricted Stock Award is an Award pursuant to which the grantee may receive shares of Stock free of any restrictions under the Plan.

• The Purchase and issuance of the Shares and Warrants to any of the Director Purchasers under this Agreement (which shall be deemed an Unrestricted Stock Agreement under the Plan) shall be deemed an Unrestricted Stock Award issuance and an Award of Option granted (as such terms are defined in the Plan), respectively, to such Persons under the Plan and the Shares and Warrants issued to such Persons shall be deemed issued under the Plan.

More Definitions of Unrestricted Stock

Unrestricted Stock means an award of Stock granted to a Grantee pursuant to Section 12 hereof.

Unrestricted Stock means shares of Common Stock awarded to a Participant under Section 9(c).

Unrestricted Stock means Shares issued under the Plan that are not subject to vesting, forfeiture or similar restrictions pursuant to the applicable Award Agreement. For the sake of clarity, Shares that are only subject to restrictions on transfer, right of first refusal, market stand-off and other similar restrictions shall not, by virtue of such restrictions, be deemed to be “Restricted Stock.”

Unrestricted Stock means an Award of Stock not subject to any restrictions under the Plan.

Unrestricted Stock means an Award pursuant to Section 12 hereof.

Unrestricted Stock means one or more shares of Stock, awarded to a Grantee pursuant to Section 11 hereof.

Unrestricted Stock means Awards under Section 9.