Awarded Shares. The Company hereby awards to Employee, effective as of the Award Date, the number of Shares set forth on Annex 1. The Shares are subject to certain restrictions and other terms and conditions set forth herein, including without limitation, the forfeiture restrictions set forth in Article IV hereof. The certificates representing the Shares that are subject to forfeiture restrictions under Article IV may, at the Company’s election, be held in escrow by the Corporate Secretary of the Company as provided in, and in accordance with, Article V.
Awarded Shares. SECTION 3.1 VESTING SCHEDULE; SERVICE REQUIREMENT. Grantee’s ownership of Awarded Shares shall become vested (i.e. nonforfeitable) if the Grantee has been employed as an Employee continuously from the Date of Grant to the applicable Vesting Date set forth in the following vesting schedule: Percentage of Shares Vested Vesting Date 20% April 22, 2003 20% April 22, 2004 20% April 22, 2005 20% April 22, 2006 20% April 22, 2007
Awarded Shares. Performance Shares awarded pursuant to Section 2 of this Agreement shall be registered in the name of the affected Grantee within sixty (60) days after the Award Date. Such shares shall, however, be subject to the restrictions described in Sections 3 and 4 of this Agreement until the Vesting Date for such shares, and the certificates evidencing the shares shall bear a legend noticing those restrictions either specifically or by reference to the provisions of this Agreement. Such shares, when issued in accordance with this Agreement, shall be deemed to be fully paid and nonassessable. Certificates representing such shares shall be held in the custody of the Corporation (or the Agent). Each Grantee shall supply the Corporation or the Agent (as instructed) with an executed stock power with respect to each such stock certificate.
Awarded Shares. The Company hereby awards to the Employee the -------------- Awarded Shares set forth on Annex 1.
Awarded Shares. Provided that the Restricted Shares are then outstanding, Restricted Shares become “Awarded Shares” when both of the following have occurred: (a) the Continued Employment Performance Goal has been achieved or is deemed to have been achieved pursuant to the terms of the Agreement; and (b) the Restricted Period has terminated.
Awarded Shares. 2.1 VESTING. Except as otherwise provided in any written agreement between the Grantee and the Company, or in Sections 2.2 and 2.3 of this Award, or unless the Board of Directors of the Company (the “Board”) or the Compensation Committee of the Board (the “Committee”) determines otherwise, the Awarded Shares shall vest on March 19, 2008 (the “Vesting Date”).
Awarded Shares. The Company hereby awards to Director, effective as of the Award Date, the number of Shares set forth on Annex 1. The Shares are subject to certain restrictions and other terms and conditions set forth herein, including without limitation, the forfeiture restrictions set forth in Article IV hereof. The certificates representing the Shares that are subject to forfeiture restrictions under Article IV shall be held in escrow by the Corporate Secretary of the Company as provided in, and in accordance with, Article V.
Awarded Shares. 2.1 VESTING. Except as otherwise provided in any written agreement between the Grantee and the Company, or in Sections 2.2 and 2.3 of this Award, or unless the Board of Directors of the Company (the “Board”) or the Compensation Committee of the Board (the “Committee”) determines otherwise, 5,000 of the Awarded Shares shall vest on April 8, 2003 and the remaining 5,000 Awarded Shares shall vest on April 8, 2004 (each, a “Vesting Date”). Awarded Shares that have vested pursuant to this Award are referred to herein as “Vested Awarded Shares” and Awarded Shares that have not yet vested pursuant to this Award are referred to herein as “Unvested Awarded Shares.”
Awarded Shares. A Participant shall be entitled to direct the Trustee with respect to the voting of Retention Shares that have been awarded to the Participant but are still held in the Trust, whether or not such awarded Retention Shares have been earned.
