Initial Grant of Restricted Stock Sample Clauses

The Initial Grant of Restricted Stock clause defines the terms under which a company awards a specified number of restricted stock shares to an individual, typically as part of an employment agreement or incentive plan. This clause outlines the amount of stock granted, the timing of the grant, and any conditions that must be met for the recipient to receive the shares, such as continued employment or achievement of certain milestones. Its core function is to formalize the initial equity compensation arrangement, providing both parties with clarity on the rights and obligations associated with the restricted stock grant.
Initial Grant of Restricted Stock. On the Acquisition Date, the Company shall grant to the Employee a special grant of Company common stock under the Company's restricted stock program, the number of such restricted shares to be determined by dividing $300,000 by the closing price of the Company's common stock on the New York Stock Exchange on the last regular trading day immediately prior to the Acquisition Date. All restrictions on such stock shall lapse on the day following the first anniversary of the Acquisition Date if the Employee is still then employed by the Company or as otherwise provided under Section 3 of this Agreement
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Initial Grant of Restricted Stock. Executive shall be granted an award of restricted stock as of the Effective Date (the “Sign-On Grant”), which will vest as to one third of the shares on the third, fourth and fifth anniversaries of the Effective Date, provided Executive is then employed by the Company, or in full upon an occurrence of a Change in Control, the giving by the Company of a Notice of Non-Renewal, or Executive’s earlier termination of employment due to his Death, Retirement (as defined below), Disability or as provided in Section 7(d) or 8(a) of this Agreement. The number of shares subject to the Sign-On Grant shall be determined by dividing $2,700,000 by the fair market value of the Company’s common stock on the Effective Date. As the record owner, Executive shall be entitled to full voting and dividend rights with respect to such shares from and after the date of grant, even while they are subject to a risk of forfeiture.
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Initial Grant of Restricted Stock. Company shall grant Executive 10,000 shares of the Company's restricted stock. The grant shall be priced equal to the Fair Market Value on the Executive's first day of employment under this Agreement. The shares shall vest at 25% per year, commencing on the first anniversary of the grant date.
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Initial Grant of Restricted Stock. As of the Effective Date, the Company shall grant to the Executive 300,000 shares of restricted Common Stock. Such grant shall be pursuant to an agreement, in customary form reasonably acceptable to the Executive and no less favorable to the Executive in any respect than the form used for any corresponding grant to the Chief Executive Officer of the Company, which agreement shall provide for the vesting of such shares over two years subject to the attainment of certain performance criteria determined by the Compensation Committee of the Company and shall contain provisions for the acceleration of vesting upon a termination of employment or Change in Control consistent with the provisions of Sections 9 and 10(a). The Executive shall be entitled, pursuant to such agreement, to retain all dividends and other distributions with respect to such shares that are declared prior to any vesting or forfeiture of such shares.
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Initial Grant of Restricted Stock. Within sixty (60) days following the Effective Date, the Employee shall be awarded Restricted Stock consisting of Class A Shares of common stock of the Company with a value of $2,450,000 on the date of the grant (the “Initial Grant”), which shall vest 25% on each of the first four (4) anniversaries of the date of grant subject to your continued employment through the applicable vesting date. Notwithstanding anything to the contrary provided herein, these shares shall at all times be governed by the terms of the applicable award agreement and the Duck Creek Technologies, Inc. 2020 Omnibus Incentive Plan.
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Initial Grant of Restricted Stock. Shortly following the closing of the Company’s acquisition of CBS Radio Inc. (or the termination of the underlying merger agreement without closing), the Compensation Committee will grant you 50,000 shares of restricted stock under the Entercom Equity Compensation Plan (including any replacement thereof) (the “Plan”). Subject to your continued employment with the Company through the vesting date, such grant shall vest as follows: 50% on the second anniversary of the date of commencement of your employment hereunder and 25% on each of the third and fourth anniversaries of the date of commencement of your employment hereunder. Consistent with the foregoing, the terms of such grant shall be set forth in a grant instrument in the form approved by the Compensation Committee.
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Initial Grant of Restricted Stock. At the first regularly scheduled meeting of the Board after the commencement of the Term, the CEO shall seek approval from the Board for a grant of restricted common stock of the Company in the amount of $500,000 and on such other terms as contained in the Performance Stock Award Agreement attached hereto as Exhibit A.
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Initial Grant of Restricted Stock 
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Related to Initial Grant of 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 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 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 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.