Common use of AWARDS NOT REQUIRING EXERCISE Clause in Contracts

AWARDS NOT REQUIRING EXERCISE. Awards of Restricted Stock and Unrestricted Stock, whether delivered outright or under Awards of Stock Units or other Awards that do not require exercise, may be made in exchange for such lawful consideration, including services, as the Administrator determines.

Appears in 2 contracts

Sources: Merger Agreement (C C Media Holdings Inc), Merger Agreement (BT Triple Crown Capital Holdings III, Inc.)