Award Grants Clause Samples

Award Grants. During the Term, the Executive shall be eligible to receive one or more equity-based incentive awards at the discretion of the Committee. The terms of such awards, if any, shall be determined in the sole discretion of the Committee, including the types of awards, the number of securities covered by each award, the vesting conditions applicable to each award, and the manner in which awards are to be paid or settled. Nothing herein shall obligate the Company to make an equity award to the Executive at any time.

Award Grants. The Compensation Committee of Company’s Board of Directors (the “Committee”) may from time to time authorize a Deferred Cash award under the Program. Each date Deferred Cash is granted to Employee shall be a “Grant Date.” Employee will be notified of each Deferred Cash grant via Company e-mail. In order to receive payment of the grant, Employee must timely confirm acceptance of the terms and conditions of this Agreement pursuant to the instructions in each e-mail notification of each grant.

Award Grants. Employees shall be eligible for the grant of Options, Restricted Shares, RSUs, or SARs, so long as the following requirements are met: (a) the Employee was not previously an Employee or Director, or the Employee is returning to the employment of the Company following a bona-fide period of non-employment; and (b) the grant of an Award under the Plan is a material inducement to the Employee’s decision to enter into the employment of the Company.

Award Grants. The Committee is authorized to establish Performance Share Unit programs to be effective over designated Award Periods determined by the Committee. The Committee may grant Performance Share Units to Eligible Persons in accordance with such Performance Share Unit programs. At the beginning of each Award Period, the Committee will establish written Performance Goals based upon financial objectives for the Company for such Award Period and a schedule relating the accomplishment of the Performance Goals to the Awards to be earned by Participants. Performance Goals may include absolute or relative growth in earnings per share or rate of return on stockholders’ equity or other measurement of corporate performance and may be determined on an individual basis or by categories of Participants. The Committee shall determine the number of Performance Share Units to be awarded, if any, to each Eligible Person who is selected to receive such an Award. The Committee may add new Participants to a Performance Share program after its commencement by making pro rata grants.

Award Grants. Promptly following the Effective Time in accordance with Parent's standard practices, Parent will act to grant stock awards to acquire shares of Parent Common Stock (through stock options, stock purchase awards or similar rights) under any of the Company's shareholder-approved stock-based compensation plans, as determined by Parent in its sole discretion, to certain Retention Employees at an exercise per share equal to fair market value per share of Parent Common Stock on the date of grant, and with vesting in accordance with Parent's standard four-year vesting schedule for newly hired employees. The number of stock awards granted to each such Retention Employee shall be determined by Parent in the sole discretion; provided, however, that the number of stock awards granted to any such employee shall be no less than the amount granted to other new employees of Parent holding comparable positions and titles.