Grant of the Restricted Stock Clause Samples
The "Grant of the Restricted Stock" clause defines the issuance of restricted stock to a recipient, typically an employee or service provider, under the terms of an agreement. This clause specifies the number of shares being granted, the date of the grant, and any conditions or restrictions that apply, such as vesting schedules or forfeiture provisions. Its core practical function is to formally document the award of restricted stock, ensuring both parties understand the terms and limitations associated with the grant, thereby preventing disputes and clarifying ownership rights.
Grant of the Restricted Stock. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Employee shares of Common Stock (hereinafter called the “Restricted Stock”). The Restricted Stock shall vest and become nonforfeitable in accordance with Section 2 hereof. In the event of any conflict between the Plan and this Agreement, the terms of the Plan shall control.
Grant of the Restricted Stock. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Award Agreement, the Corporation hereby grants to the Grantee [INSERT NUMBER OF SHARES] shares of Common Stock (hereinafter called the “Restricted Stock”). The Restricted Stock shall vest and become nonforfeitable in accordance with Section 2 hereof.
Grant of the Restricted Stock. Subject to the terms and conditions of the Plan and this Agreement, the Non-Employee Director is awarded as Restricted Stock [ ] shares of Common Stock for a purchase price of zero ($0.00). The Restricted Stock shall vest and become nonforfeitable, if at all, in accordance with Section 2 hereof.
Grant of the Restricted Stock. Subject to the terms and conditions of this Agreement, the Company hereby awards to the Grantee 40,000 shares of common stock of the Company (the “Shares”). The Shares, whether vested or unvested, shall be subject to the terms of the Company’s Voting Trust Agreement and Lock-up Agreement, if applicable. The Company shall issue a Voting Trust Certificate in the name of the Grantee, reflecting the shares held in the Voting Trust.
Grant of the Restricted Stock. Subject to the terms and conditions of the Plan and this Agreement, the Participant is awarded as Restricted Stock [ ] shares of Common Stock for a purchase price of zero ($0.00). The Restricted Stock shall vest and become nonforfeitable, if at all, in accordance with Section 2 hereof.
Grant of the Restricted Stock. The Company hereby grants to the Participant [●] Shares (the “Restricted Stock”) as of the Date of Grant.
Grant of the Restricted Stock. Subject to the provisions of this Agreement and the provisions of the Plan, the Company hereby grants to the Participant, pursuant to the Plan, the number of Shares of Restricted Stock as set forth in the Grant Notice (the “Restricted Stock”).
Grant of the Restricted Stock. Subject to the terms and conditions of the Plan, the Management Stockholder’s Agreement (and the agreements incorporated by reference therein), and the additional terms and conditions set forth in this Agreement, in exchange for the payment by the Grantee of the net-after tax proceeds of the Make-Whole Payment (as defined in the Employment Agreement) received by the Grantee from DMC pursuant to Section 3(a) of the Employment Agreement, the Company hereby grants to the Grantee 1,366,199 shares of Common Stock (hereinafter called the “Restricted Stock”). The Restricted Stock shall vest and become nonforfeitable in accordance with Section 2 hereof.
Grant of the Restricted Stock. Subject to the terms and conditions of the Plan, the Management Stockholder’s Agreement (and the agreements incorporated by reference therein), and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Employee 10,405 shares of Common Stock (hereinafter called the “Restricted Stock”), which shall be 100% vested and non-forfeitable on the Grant Date.
Grant of the Restricted Stock. As of the Grant Date, the Company hereby awards to the Participant ___ shares of Restricted Stock (the “Award”).