Grant Restricted Stock Clause Samples

The "Grant Restricted Stock" clause establishes the terms under which an individual receives shares of company stock that are subject to certain restrictions, such as vesting schedules or limitations on transfer. Typically, this clause outlines the number of shares granted, the conditions that must be met for the restrictions to lapse (such as continued employment or achievement of performance goals), and the consequences if those conditions are not met. Its core practical function is to incentivize recipients to remain with the company and align their interests with the company's long-term success, while protecting the company from immediate stock dilution or loss of key personnel.
Grant Restricted Stock. The Company hereby grants to Employee, and Employee hereby acquires from the Company ___________ shares of restricted Common Stock (the "Shares").
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Grant Restricted Stock. In order to induce the Executive to accept such position and perform such position to the best of his ability, and as additional compensation for the services to be performed by the Executive in the position set forth in paragraph 1 above, the Compensation Committee of Talbots will grant to the Executive, on April 2, 2007 (the "grant date"), the number of shares of restricted common stock of Talbots, $0.01 par value, equal to a total value of $598,125 (determined using the closing price of Talbots common stock on April 2, 2007) under the terms of a Restricted Stock Agreement to be executed by the parties on or immediately following April 2, 2007 in the form attached as Exhibit A ("Restricted Stock Agreement"). Pursuant to the terms of the Restricted Stock Agreement, the restricted common stock will vest 24 months from the grant date (on April 2, 2009) and will automatically vest upon any earlier termination of employment by the Company without "Cause" or by the Executive for "Good Reason" or if the Executive's employment terminates by reason of disability or death, all in accordance with the terms of the Restricted Stock Agreement.
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Grant Restricted Stock. In order to induce the Executive to accept such position and perform such position to the best of her ability, and as additional compensation for the services to be performed by the Executive in the position set forth in paragraph 1 above, Talbots shall grant to the Executive 59,890 shares of restricted common stock of Talbots, $0.01 par value, under the terms of the Restricted Stock Agreement attached as Exhibit A (“Restricted Stock Agreement”). Pursuant to the terms of the Restricted Stock Agreement, the restricted common stock will vest 24 months from the grant date and will automatically vest upon any earlier termination of employment either without “Cause” or for “Good Reason” as set forth in the Restricted Stock Agreement. The Restricted Stock Agreement and the grant date of the restricted common stock will be effective as of the date hereof.
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Related to Grant Restricted Stock

  • Grant of Restricted Stock Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Board of Directors hereby grants to the Participant 2,500 restricted shares (the “Restricted Stock”) of common stock of the Company, par value $0.01 per share (“Common Stock”).

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

  • Grant of Restricted Shares Effective as of the Grant Date, the Company shall cause to be issued in the Executive’s name the following Shares as Restricted Shares: shares of the Company’s common stock, $.01 par value. The Company shall cause certificates evidencing the Restricted Shares, and any shares of Stock or rights to acquire shares of Stock distributed by the Company in respect of Restricted Shares during any Period of Restriction (the “Retained Distributions”), to be issued in the Executive’s name. During the Period of Restriction such certificates shall bear a restrictive legend to the effect that ownership of such Restricted Shares (and any Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to the restrictions, terms, and conditions provided in the Plan and this Agreement. The Executive shall have the right to vote the Restricted Shares awarded to the Executive and to receive and retain all regular dividends paid in cash or property (other than Retained Distributions), and to exercise all other rights, powers and privileges of a holder of Shares, with respect to such Restricted Shares, with the exception that (a) the Executive shall not be entitled to delivery of the stock certificate or certificates representing such Restricted Shares until the Forfeiture Restrictions applicable thereto shall have expired, (b) the Company shall retain custody of all Retained Distributions made or declared with respect to the Restricted Shares (and such Retained Distributions shall be subject to the same restrictions, terms and conditions as are applicable to the Restricted Shares) until such time, if ever, as the Restricted Shares with respect to which such Retained Distributions shall have been made, paid, or declared shall have become vested, and such Retained Distributions shall not bear interest or be segregated in separate accounts and (c) the Executive may not sell, assign, transfer, pledge, exchange, encumber, or dispose of the Restricted Shares or any Retained Distributions during the Period of Restriction. Upon issuance the certificates shall be delivered to such depository as may be designated by the Committee as a depository for safekeeping until the forfeiture of such Restricted Shares occurs or the Forfeiture Restrictions lapse, together with stock powers or other instruments of assignment, each endorsed in blank, which will permit transfer to the Company of all or any portion of the Restricted Shares and any securities constituting Retained Distributions which shall be forfeited in accordance with the Plan and this Agreement. In accepting the award of Shares set forth in this Agreement the Executive accepts and agrees to be bound by all the terms and conditions of the Plan and this Agreement.

  • Grant of Restricted Stock Units The Corporation hereby awards to the Participant, as of the Award Date, Restricted Stock Units under the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock on the date that unit vests in accordance with the express provisions of this Agreement. The number of shares of Common Stock subject to the awarded Restricted Stock Units, the applicable vesting schedule for those shares, the dates on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the award (the “Award”) shall be as set forth in this Agreement.

  • Grant of Restricted Share Units The Company hereby grants to the Participant [ ] restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.