2006 Grant Sample Clauses
2006 Grant. In accordance with the terms of that certain Performance Share Grant Agreement dated February 1, 2006 between DTG and Employee (“2006 Agreement”), 21,384 Target Shares were granted under the 2006 Agreement.
2006 Grant. In accordance with the terms of that certain Performance Share Grant Agreement dated effective February 1, 2006 between DTG and Employee (“2006 Agreement”), 13,365 Target Shares were granted to Employee. The 2006 Target Shares shall be prorated as of the Separation Date such that 12,417 Target Shares are not forfeited under the 2006 Agreement and 948 Target Shares are forfeited. Notwithstanding any provision in the 2006 Agreement to the contrary, the non-forfeited Target Shares shall be deemed fully vested as of the Effective Date. DTG shall issue Employee a stock certificate representing non-forfeited Target Shares under the 2006 Agreement on the same date upon which DTG executives are issued stock certificates for non-forfeited 2006 Target Shares, subject to applicable federal, state and other tax withholdings.
2006 Grant. On or about the Effective Date, the Company shall award the Executive, pursuant to the terms of the 2004 LTIP, equity awards having an aggregate value of $2,500,000 (which amount will be pro rated based on the remaining number of months in the calendar year), payable 50% of value in restricted stock and 50% of value in stock options, with the value of stock options determined in accordance with the Black Scholes model (with variables determined by the Company consistent with other stock option grants during 2006 to other senior executives). The options shall have an exercise price equal to the Fair Market Value (as defined in the 2004 LTIP) on the date of grant, an eight (8) year option term and shall vest in accordance with the form of award agreement under the 2004 LTIP that has been provided to you.
2006 Grant. One-third of the 2006 Restricted Shares will vest on each of September 30, 2006, September 30, 2007 and September 30, 2008.