Condition for Grant Clause Samples

Condition for Grant. As a condition of accepting this grant of Shares and this Agreement, Grantee must have a brokerage account with the Company’s authorized administrative stock brokerage, which is currently ▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Broker”).
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Condition for Grant. Initial Issuance of Target Shares; Subsequent Issuance of Excess Shares As a condition of accepting this grant of Shares and this Agreement, Grantee must have a brokerage account with the Company’s authorized administrative stock brokerage. Notwithstanding anything to the contrary in this Agreement, the Target Shares shall be issued to and registered in the name of Grantee (subject to the restrictions in section 5) below) effective as of the date hereof, and any Shares in excess of the Target Shares that become vested in accordance with the Vesting Levels set forth in section 1) above (“Excess Shares”) shall be issued to and registered in the name of Grantee effective as of the Vesting Date set forth in section 6) of this Agreement.
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Condition for Grant. As a condition of accepting this grant of Units and this Agreement, Grantee must have a brokerage account with the Company’s authorized administrative stock brokerage. With respect to Trustee 102 Awards granted pursuant hereto, by signing and delivering this Agreement, the Grantee confirms that he/she is familiar with the provisions of Section 102, including without limitations the type of Unit granted to her/him hereunder and the tax implications applicable to such grant, that he/she has read the provisions of the trust agreement signed between the Company and the Trustee (the “Trust Agreement”), a copy of which is attached hereto as Exhibit A, and that he/she accepts and agrees to be bound by, and comply with, its provisions.
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Related to Condition for Grant

  • NOTICE OF STOCK OPTION GRANT Name: Address:

  • Termination for Cause with Notice to Cure Requirement Contractor may terminate this contract for the Department’s failure to perform any of its duties under this contract after giving the Department written notice of the failure. The written notice must demand performance of the stated failure within a specified period of time of not less than 30 days. If the demanded performance is not completed within the specified period, the termination is effective at the end of the specified period.

  • Conditions for Award of Contract The Borrower shall not award any Works contract which involves environmental impacts until:

  • Option Grant You have been granted a NON-STATUTORY STOCK OPTION (referred to in this Agreement as your "Option"). Your Option is NOT intended to qualify as an "incentive stock option" under Section 422 of the Internal Revenue Code of 1986, as amended.

  • Stock Grant Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee’s employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of common stock then subject to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded.