Grant of the Shares Clause Samples
The 'Grant of the Shares' clause defines the process by which shares are formally issued or allocated to a party, typically an employee, investor, or founder. It specifies the number and type of shares being granted, the timing of the grant, and any conditions that must be met before the shares are transferred, such as board approval or completion of certain milestones. This clause ensures that the recipient has a clear legal right to the shares under the agreed terms, providing certainty and preventing disputes over ownership or entitlement.
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Grant of the Shares. Subject to the terms and conditions of this Agreement, the Company agrees to grant to Grantee, and Grantee agree to acquire from the Company, on the Closing (as defined below) [•] shares of the Company’s Common Stock, $0.0001 par value per share (the “Shares”), as consideration for services to be provided by Grantee to the Company.
Grant of the Shares. The Company hereby grants to the Grantee named in the Notice of Grant section of this Agreement (the “Notice of Grant”) an award of Shares, as set forth in the Notice of Grant and subject to the terms and conditions of this Restricted Stock Agreement.
Grant of the Shares. Subject to the terms and conditions of this Award Agreement and of the Plan, the Company hereby grants to the Participant _______ Shares, subject only to the restrictions on transfer set forth in Section 4 (the “Restricted Shares”). The Restricted Shares shall in all cases be issued fully paid, with the related par value of such shares to be paid for by the Participant in the form of the completion of services rendered to the Company by the Participant prior to such receipt.
Grant of the Shares. Subject to all of the terms and conditions of this Agreement and the Plan, the Company hereby grants the Restricted Stock to the Participant. As soon as practicable, the Company shall deliver to the Participant a stock certificate or stock certificates registered in such Participant's name and representing the Restricted Stock, which certificate or certificates shall bear the following legend (and such other legend or legends as the Company (based upon the advice of counsel reasonably acceptable to the Participant) deems appropriate): "THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE TERMS AND CONDITIONS CONTAINED IN THE AT&T LATIN AMERICA 2000 LONG TERM INCENTIVE PLAN AND THE RESTRICTED STOCK AGREEMENT, DATED AS OF NOVEMBER __, 2001 AND NEITHER THIS CERTIFICATE NOR THE SHARES REPRESENTED BY IT ARE ASSIGNABLE OR OTHERWISE TRANSFERABLE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SUCH PLAN AND SUCH RESTRICTED STOCK AGREEMENT, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. " When and to the extent the Restriction Period lapses as provided in Section 5 herein, the Participant may request the Company to deliver to the Participant a certificate or certificates that do not bear such legend (but bearing such other legend or legends as the Company (based upon the advice of counsel reasonably acceptable to the Participant) deems appropriate). Notwithstanding the forgoing, the stock certificates evidencing the Restricted Stock shall be held in the custody of the Secretary of the Company until the Restriction Period lapses, and, as a condition of the Restricted Stock award, the Participant shall deliver a stock power, endorsed in blank, relating to the shares covered by this Award Agreement. If the Company should in the future engage the services of a stock transfer agent, appropriate stop-transfer restrictions will be issued to such transfer agent with respect to the Restricted Stock.
Grant of the Shares. The Company hereby issues to the Participant on the date of grant set forth above (the “Date of Grant”), pursuant to and subject to the terms set forth in this Agreement and in the Plan, the “Total Number of Shares,” set forth above subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the date hereof. The Participant agrees that, as a condition to the grant of the Award to the Participant, the Participant will contribute and transfer all Incentive Shares in the capital of AI PAVE DUTCHCO I B.V. (the “Incentive Shares”) granted to the Participant pursuant to the Incentive Share Grant Agreements made on each of March 5, 2021, and June 17, 2024, each among AI PAVE DUTCHCO I B.V. and the Participant (the “Incentive Share Grant Agreement”) to NIQ Global Intelligence plc and, as of and following such time, the Participant shall have no further rights with respect to the Incentive Shares.