Administrator Action. The Administrator acting in its sole and absolute discretion shall have the right to grant Restricted Stock to Employees and Consultants under the Plan from time to time. Each Restricted Stock Award shall be evidenced by a Restricted Stock Agreement, and each Restricted Stock Agreement shall set forth the conditions, if any, which will need to be timely satisfied before the grant will be effective and the conditions, if any, under which the Grantee’s interest in the related Stock will be forfeited. The Administrator may make grants of Performance-Based Restricted Stock and grants of Restricted Stock that is not Performance-Based Restricted Stock.
Appears in 3 contracts
Sources: Merger Agreement (Angstrom Technologies Corp.), Merger Agreement (Angstrom Technologies Corp.), Stock Incentive Plan (Angstrom Technologies Corp.)