Grant of Deferred Shares Clause Samples
The Grant of Deferred Shares clause establishes the terms under which a company issues shares to recipients, with the shares being subject to certain restrictions or vesting conditions that delay full ownership or rights. Typically, this clause outlines the number of deferred shares granted, the schedule or conditions for vesting, and any limitations on transfer or voting rights until vesting occurs. Its core practical function is to incentivize recipients, such as employees or founders, to remain with the company or achieve specific milestones, while protecting the company from immediate dilution or loss of control.
Grant of Deferred Shares. The Company hereby grants to the Grantee an award of shares (the “Deferred Shares”) of the Company’s common stock, par value of $.001 per share (the “Common Stock”) subject to the terms and conditions set forth herein and in the Plan and subject further to adjustment as provided in Section 3.3 of the Plan. The Deferred Shares granted hereunder represent the unfunded and unsecured right to require the Company to deliver to the Grantee one share of Common Stock for each Deferred Share. The terms of the Plan are hereby incorporated into this Agreement by this reference, as though fully set forth herein. Capitalized terms used but not defined herein will have the same meaning as defined in the Plan.
Grant of Deferred Shares. Subject to the terms and conditions of this Agreement and the Equifax Inc. 2000 Stock Incentive Plan (the “Plan”), the terms of which are hereby incorporated herein by reference, effective as of the date set forth above (“Grant Date”), the Company hereby grants to the Director 4,000 restricted stock units in the form of Deferred Shares under the Plan. Capitalized terms used but not defined in this Agreement shall have the meaning specified in the Plan.
Grant of Deferred Shares. Subject to, and upon the terms, conditions and restrictions set forth in this Agreement and in the Company’s 2006 Omnibus Incentive Plan (the “Plan”), the Company hereby grants to the Grantee as of the Date of Grant Deferred Shares of Company Common Shares. The Deferred Shares shall be fully paid and nonassessable and shall be represented by a certificate registered in the name of the Grantee and issued at the time of delivery provided below.
Grant of Deferred Shares. Effective as of the date hereof, the Company hereby evidences and confirms its award to the Employee, on the terms and conditions of this Agreement and the Plan, of the number of Deferred Shares set forth on the signature page hereof, which represent the Company’s contractual obligation to deliver shares of Common Stock to the Employee upon the terms and conditions set forth herein and in the Plan.
Grant of Deferred Shares. Subject to the terms and conditions of this Agreement, the Plan and the Wrap Plan (as defined below), on the Effective Date, the Company hereby grants to the Grantee the right to receive ________ shares of the Company’s Common Stock (the “Deferred Shares”). The Grantee has previously elected to defer receipt of the Deferred Shares in accordance with the terms of the QEP Resources, Inc. Deferred Compensation Wrap Plan - Deferred Compensation Program (the “Wrap Plan”). For the avoidance of doubt, the Deferred Shares shall become a part of the Grantee’s Deferred Compensation Sub-Account that is invested in the “Common Stock Option” under Section 5.3(b) of the Deferred Compensation Program under the Wrap Plan.
Grant of Deferred Shares. Effective as of the date hereof, Holding hereby evidences and confirms its grant to the Grantee, on the terms and conditions of this Award, of the number of shares of Deferred Shares set forth on the signature page hereof, which represent Holding's contractual obligation to deliver one share of the Class A Common Stock, par value $.01 per shares of Holding ("Common Stock") to the Grantee for each Deferred Share Award granted upon the terms and conditions set forth herein. The Deferred Shares granted hereby shall be fully vested upon grant.
Grant of Deferred Shares. To be entitled to any payment under this Award, you must accept your Award and in so doing agree to comply with the terms and conditions of this Agreement and the applicable provisions of the addendum outlined in Appendix A (“Countries Addendum,” which is incorporated into, and forms a material and integral part of, this Agreement). You may consider this Agreement for up to thirty (30) days from the date it was first made available to you on the Website. Failure to accept this Award within thirty (30) days following the posting of this Agreement on the Website will result in forfeiture of this Award. Subject to the terms and conditions of this Agreement, Deferred Shares shall vest and be settled in the form of shares of Common Stock according to the vesting schedule set forth in your Statement. The term “vest” as used herein means the lapsing of certain (but not all) restrictions described herein and in the Plan with respect to one or more Deferred Shares as of each applicable vesting date. To vest in all or any portion of this Award as of any date, you must have been continuously employed with the Company or a Subsidiary from and after the date hereof and until (and including) the applicable vesting date, except as otherwise provided herein. By accepting this Award, you and the Company agree that any claim arising out of this Award or any Common Stock issued by the Company pursuant to this Award may only be brought in the federal or state courts of the Commonwealth of Massachusetts, regardless of where or whether you are employed by the Company or a Subsidiary. You consent to personal jurisdiction in such courts for any such claim, consent to service of process by any means allowed by such courts or Exhibit 10.1
Grant of Deferred Shares. Subject to, and upon the terms, conditions and restrictions set forth in this Agreement and in the Company’s 2014 Omnibus Equity and Incentive Compensation Plan (amended and restated effective May 25, 2023) (the “Plan”), the Company hereby memorializes a grant to the Grantee as of the Date of Grant of the right to receive 6,570 shares of Common Stock (hereinafter in this Agreement “Deferred Shares”). The Deferred Shares shall be fully paid and nonassessable and shall be represented by a certificate registered in the name of the Grantee and issued at the time of delivery provided below.
Grant of Deferred Shares. The Corporation hereby grants to the Grantee the number of Deferred Shares specified above, which may be earned by the Grantee during the Performance Period as set forth in Section 4 of this Agreement.
Grant of Deferred Shares. To be entitled to any payment under this Award, you must accept your Award and in so doing agree to comply with the terms and conditions of this Agreement and the applicable provisions of the Countries Addendum outlined in Appendix A (which is incorporated into, and forms a material and integral part of, this Agreement). Failure to accept this Award within thirty (30) days following the posting of this Agreement on the Website will result in forfeiture of this Award. Subject to the terms and conditions of this Agreement, Deferred Shares shall vest and be settled in the form of shares of Common Stock according to the vesting schedule set forth in your Statement. The term “vest” as used herein means the lapsing of certain (but not all) restrictions described herein and in the Plan with respect to one or more Deferred Shares as of each applicable vesting date. To vest in all or any portion of this Award as of any date, you must have been continuously employed with the Company or a Subsidiary from and after the date hereof and until (and including) the applicable vesting date, except as otherwise provided herein. By accepting this Award, you and the Company agree that any claim arising out of this Award or any Common Stock issued by the Company pursuant to this Award may only be