Grant Details Clause Samples
The "Grant Details" clause defines the specific terms and conditions under which a grant is provided, including the amount, purpose, duration, and any special requirements or milestones. It typically outlines what the funds can be used for, reporting obligations, and timelines for disbursement or project completion. By clearly specifying these details, the clause ensures both parties understand their obligations and helps prevent misunderstandings or disputes regarding the use and administration of the grant.
POPULAR SAMPLE Copied 1 times
Grant Details. The name of the individual to whom the Award is granted (the “Participant”), the number of RSUs awarded, and the date of grant of the Award (the “Grant Date”) are as set forth in the Company’s administrative system of record currently administered by Computershare and as separately communicated to the Participant in the cover page to this Award Agreement (the “Cover Page”).
Grant Details. Pursuant to and subject to the Zix Corporation Amended and Restated 2012 Incentive Plan (the “Plan”) and this Agreement, the Company hereby grants to Grantee, effective on the grant date indicated below (“Grant Date”), the number of shares (“Shares”) of the Company’s common stock, par value $0.01 (“Stock”) indicated below: Grantee Number of Shares Grant Date Vesting Schedule The Shares are divided into three equal tranches, with one tranche allocated to each annual performance period (2016, 2017 and 2018). The Shares will vest pro rata over three years on the Grant Date anniversary, subject to the Company’s achievement of, for the tranche of Shares allocated to an annual performance period, the performance based vesting condition for that performance period. Performance‑based Vesting Conditions The vesting of the Shares in each tranche is conditioned on the written certification of the Compensation Committee of the Board (the “Committee”) of the Performance Goal (defined below) that was achieved for the annual performance period relevant for that tranche of Shares. Depending on the Performance Goal level that is achieved for the relevant performance period, either zero Shares will vest from the tranche allocated to that performance period or between 50% and 100% of the Shares will vest from the tranche allocated to that performance period. The Performance Goal achievement level and the number of Shares that vest will be calculated separately for each annual performance period. Performance Goal The performance goal for each annual performance period is the dollar amount of new first year orders established in the Company’s budget for that year as approved by its Board or such other performance metric as determined by the Board each year in determining the applicable performance metric (the “Performance Goal”). Vesting Levels The achievement or exceeding of the Performance Goal for a performance period will result in the vesting of 100% of the tranche of Shares allocated to that performance period. The achievement of 90% of the Performance Goal for a performance period (the “Minimum Performance Goal”) will result in the vesting of 50% of the tranche of Shares allocated to that performance period. Any level of achievement between 90% and 100% of the Performance Goal for a performance period will result in the vesting of a portion of the tranche of Shares allocated to that performance period determined by interpolation on a straight-line basis. For example, if...
Grant Details. Amount: $[•] Permitted Purpose: To purchase and install hardware, software and other technology (collectively, “Technology”) for the use of all students in the School from [Kindergarten to grade 8][grade 9 to grade 12] in order to ▇▇▇▇▇▇ and advance learning of these students. The Grant will be used in a manner consistent with the budget included in the Application. Equipment and installation services may be purchased through Best Buy or through the School’s approved vendors / process.
Grant Details. Pursuant to and subject to the Zix Corporation Amended and Restated 2012 Incentive Plan, as amended (the “Plan”), and this Agreement, the Company hereby grants to Grantee, effective on the grant date indicated below (“Grant Date”), the number of deferred stock units (“Units”) convertible into the same number of shares (“Shares”) of the Company’s common stock, par value $0.01 (“Stock”), indicated below: Grantee Number of Units Grant Date Vesting Schedule Quarterly vesting pro rata over one year from the Grant Date
Grant Details. Employee ID [Field: Employee ID] Grant Date [Field: Grant Date] Type of Award [Field: Grant Type] Grant Number [Field: Grant Number] Cisco Number of Shares [Field: Shares Granted] Original Number of Shares [Field: Acquisition Shares] Vesting Commencement Date [Field: Vest Start Date]
Grant Details a. KidsVaxGrant Grantees are eligible for a grant of $10,000 for registering a VFC site location between the dates of April 1, 2022 and May 27, 2022.
b. Grantee has been selected to receive the following funds as a Grant from the State of California:
Grant Details. D1 Purpose of the Grant
Grant Details. Item 1 Government Party <insert name> <insert ABN> <insert address>
Item 2 Recipient <insert name> <insert address> Item 3 Commencement Date <insert date> Item 4 Expiry Date <insert date> Item 5 Extension Period(s) <insert period(s) or “not applicable”>
Grant Details. Pursuant to this Agreement , the Company hereby grants to Grantee, effective on the grant date indicated below (“Grant Date”), the number of shares (“Shares”) of the Company’s common stock, par value $0.01 (“Stock”) indicated below: Grantee ▇▇▇▇ ▇▇▇▇▇▇▇ Number of Shares 100,000 Grant Date November 11, 2020 Vesting Schedule Annual vesting pro rata over four years on the Grant Date anniversary The Shares being issued pursuant to this Agreement are being issued as an “inducement” grant pursuant to and in accordance with Nasdaq Listing Rule 5635(c). Consequently, the Shares being issued hereunder are not issued under the Zix Corporation 2018 Omnibus Incentive Plan (the “Plan”). However, the Plan shall nonetheless govern the Shares as if such Shares were issued pursuant to and subject to the Plan.
Grant Details. Purpose of the Grant The Australian Government is investing $220 million in grants (over two years from 2022-23 to 2023-24), through the Strengthening Medicare – General Practice Grants Program (the Program), to support general practices and eligible Aboriginal Community Controlled Health Organisations to expand patient access and support safe, and accessible, quality primary care. A single one-off grant of either $25,000, $35,000 or $50,000 (based on practice size and accreditation status) will be available for investments in innovation, training, equipment, and minor capital works – to be expended on any of the three investment streams below: