Stock Unit Grant Sample Clauses
A Stock Unit Grant clause defines the terms under which an individual is awarded stock units, typically as part of an employee compensation or incentive plan. This clause outlines the number of units granted, the vesting schedule, and any conditions or restrictions on the units, such as performance targets or continued employment requirements. Its core practical function is to formalize the process of granting equity-based incentives, aligning the interests of recipients with those of the company and providing a clear framework for how and when ownership in the company may be realized.
Stock Unit Grant. The Corporation hereby grants to the Participant, pursuant to and subject to the 2017 Plan, an aggregate of [ ] stock units (the “Stock Units”), on the terms and conditions herein set forth (the “Award”). As used herein, the term “stock unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Corporation’s Common Stock (subject to adjustment as provided in Section 7.1 of the 2017 Plan) solely for purposes of the 2017 Plan and this Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to Paragraph 2 below. The Stock Units shall not be treated as property or as a trust fund of any kind. Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in the 2017 Plan.
Stock Unit Grant. The Corporation hereby grants to the Participant, pursuant to and subject to the Plan, an aggregate “target” of [units] stock units (the “Stock Units”), on the terms and conditions herein set forth (the “Award”). As used herein, the term “stock unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Corporation’s Common Stock (subject to adjustment as provided in Section 7.1 of the Plan) solely for purposes of the Plan and this Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to Paragraph 2 below. The Stock Units shall not be treated as property or as a trust fund of any kind. Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in the Plan.
Stock Unit Grant. Subject to the terms and conditions set forth in this Unit Agreement and in Section 10 of the Plan, the Officer is hereby granted fifty thousand (50,000) Stock Units. Each Stock Unit represents the right to receive one share of Common Stock (collectively, with other shares of Common Stock relating to the Stock Units and held in the Officer's account in the Trust (as defined below) in respect of the Stock Units, the "Shares"). The 50,000 Shares shall be promptly deposited after the date hereof in the grantor trust created pursuant to the Grantor Trust Agreement, dated as of October 1, 1995 between the Company and American Express Trust Company, a Minnesota trust company (together with any grantor trust subsequently established by the Company, the "Trust") and shall be allocated by the Trust to the Officer's account therein subject to the forfeiture conditions of Section 3 below. Any property attributable to the Shares, including, without limitation, dividends and distributions thereon, shall be deposited into the Trust, shall as promptly as practicable be reinvested in shares of Common Stock, and shall be allocated by the Trust to the Officer's account therein subject to the forfeiture conditions of Section 3 below.
Stock Unit Grant. Subject to the approval of the Amendment by the stockholders of the Company at the 1997 Annual Meeting of Stockholders and subject to the terms and conditions set forth in this Unit Agreement and in Section 10 of the Plan, the Executive is hereby granted 23,000 Stock Units. Each Stock Unit represents the right to receive one share of Common Stock (collectively, with other shares of Common Stock relating to the Stock Units and held in the Executive's account in the Trust (as defined below) in respect of the Stock Units, the "Shares"). The 23,000 Shares shall be promptly deposited after the date hereof in the grantor trust created pursuant to the Grantor Trust Agreement, dated as of October 1, 1995 between the Company and American Express Trust Company, a Minnesota trust company (together with any grantor trust subsequently established by the Company, the "Trust") and shall be allocated by the Trust to the Executive's account therein subject to the forfeiture conditions of Section 3 below. Any property attributable to the Shares, including, without limitation, dividends and distributions thereon, shall be deposited into the Trust, shall as promptly as practicable be reinvested in shares of Common Stock, and shall be allocated by the Trust to the Executive's account therein subject to the forfeiture conditions of Section 3 below.
Stock Unit Grant. The Corporation hereby grants to the Participant, pursuant to and subject to the 2017 Plan, an aggregate of _________ stock units (the “Stock Units”), on the terms and conditions herein set forth (the “Award”). As used herein, the term “stock unit” shall mean a non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Corporation’s Common Stock (“Share”) (subject to adjustment as provided in Section 7.1 of the 2017 Plan) solely for purposes of the 2017 Plan and this Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Participant if such Stock Units vest pursuant to Paragraph 2 below. The Stock Units shall not be treated as property or as a trust fund of any kind. Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in the 2017 Plan.
Stock Unit Grant. GPS hereby grants to Recipient [NUMBER] stock units (“Stock Units”) of GPS common stock (“Stock”) pursuant to the Plan as provided for in the following Grant Schedule: Each Stock Unit is equivalent in value to one share of Stock and represents GPS’ unfunded and unsecured promise to issue one share of Stock at a future date subject to the terms of this Agreement and the Plan.
Stock Unit Grant. Subject to the terms of this Agreement, Image ---------------- Entertainment grants to the Director, as of October 1, 2000 (the "Award Date"), a Stock Unit Award of an aggregate 2,240 Stock Units (the "Award Units"), under Section 8 of the Plan, subject to the terms and conditions and to adjustment as set forth herein or pursuant to the Plan.
Stock Unit Grant. GPS hereby grants to Recipient Stock Units of GPS common stock ("Stock") pursuant to the Plan as provided for in the following Grant Schedule: GRANT SCHEDULE Number of Stock Units Issue Date --------------------- ----------------- 10,000 December 31, 2005 10,000 December 31, 2006
Stock Unit Grant. Subject to the terms and conditions set forth in this Agreement and the Plan, RCM hereby grants to the Participant _______ restricted stock units (the “Stock Units”). The Stock Units will become vested and convertible into shares of RCM Stock if, and only to the extent that, the vesting conditions set forth in Paragraph 3 of this Agreement are met and the other terms and conditions of this Agreement are satisfied. Each Stock Unit shall be a phantom right and shall entitle the Participant to receive one share of RCM Stock on the applicable distribution date, as described in Paragraph 4 below.
Stock Unit Grant. Within thirty (30) days after the beginning of the Employment Period, Employee shall be granted 23,000 Stock Units ("Units") of GP Strategies Corporation ("GPSC") Common Stock ("Common Stock") pursuant to the GPSC 2003 Incentive Stock Plan (the "Plan"). Such grant shall be subject to the provisions of the Plan and shall be on the terms and conditions, and subject to the restrictions, set forth herein and in the form of grant attached hereto as Exhibit A.