GRANT NOTICE Clause Samples
A Grant Notice clause serves to formally notify a recipient about the granting of certain rights, such as stock options, restricted shares, or other equity awards. This clause typically outlines the specific terms of the grant, including the type and amount of the award, vesting schedules, and any conditions or restrictions attached. By providing clear and official documentation of the grant, the clause ensures both parties are aware of their rights and obligations, thereby reducing the risk of misunderstandings or disputes regarding the award.
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GRANT NOTICE. “Grant Notice” shall mean the Grant Notice referred to in Section 1.1 of this Agreement, which Grant Notice is for all purposes a part of the Agreement.
GRANT NOTICE. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified.
GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows:
GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of RPUs: _______ Grant Date: January [ ], 2016 Vesting of RPUs: One–half of the RPUs (rounded down to the next whole number of units, except in the case of the final vesting date) shall vest on each of July 1, 2018 and January 1, 2019 (each, a “Vesting Date”), subject to the Participant’s continued service as a Director through each such date. In addition, the RPUs shall be subject to accelerated vesting as set forth in Section 4 below.
GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Phantom Units: ______ Phantom Units Grant Date: __________ Vesting of Phantom Units: Phantom Units shall vest incrementally with 60% of the Phantom Units vesting on December 5, 2021 and the remaining 40% on December 5, 2023, subject in each case to the Participant continuing in Service through the applicable vesting date; provided that the Phantom Units shall be subject to accelerated vesting in certain circumstances as set forth in Section 4 below.
GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Participant: [ ] Number of Phantom Units: [ ] Phantom Units Grant Date: [ ], 20[ ] Vesting of Phantom Units: [Vesting terms and any accelerated vesting provisions to be provided in individual agreements] Forfeiture of Phantom Units: In the event of a termination of the Participant’s Service for any reason, all Phantom Units that have not vested prior to or in connection with such termination of Service shall thereupon automatically be forfeited by the Participant without further action and for no consideration. Payment of Phantom Units: Vested Phantom Units shall be paid to the Participant in the form of Units as set forth in and subject to Section 5 below.
GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of Common Units: [ ] Common Units Grant Date: [ ] Vesting of Common Units: All Common Units subject to the Award are fully vested as of the Grant Date.
GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows: Number of and Class of Units: 53,570.00 Class A Units in the aggregate in the Company, subject to adjustment as provided in the Plan, this Agreement, and the LLC Agreement. Number of and Class of Units: 210,930.00 Class B Units in the aggregate in the Company, subject to adjustment as provided in the Plan, this Agreement, and the LLC Agreement. Grant Date: December 4, 2024 Forfeiture of Award: The Award shall be subject to forfeiture as set forth below in this Agreement.
GRANT NOTICE. The term “Grant Notice” means the document attached as Exhibit A to this Agreement.
GRANT NOTICE. Subject to the terms and conditions of this Agreement, the principal features of this Phantom Unit Award are as follows: Number of Phantom Units: [ ] Phantom Units in the aggregate. Grant Date: [ , 20 ] Forfeiture of Phantom Unit Award The Phantom Unit Award shall be subject to forfeiture as set forth in the Agreement.