General Terms of Awards Sample Clauses

General Terms of Awards. Each grant of an Award shall be subject to all applicable terms and conditions of the Plan (including but not limited to any specific terms and conditions applicable to that type of Award set out in the following Section), and such other terms and conditions, not inconsistent with the terms of the Plan, as the Committee may prescribe. No prospective Participant shall have any rights with respect to an Award, unless and until such Participant shall have complied with the applicable terms and conditions of such Award (including, if applicable, delivering a fully-executed copy of any agreement evidencing an Award to the Company).
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
General Terms of Awards.  In Section 4.3, the words “by will or by the laws of descent and distribution” shall be deleted from the first sentence and replaced with the words “on the Participant’s death only to the Participant’s Personal Representative”.  In Section 4.4, the words “Federal and state” shall be deleted from the first sentence. Later in Section 4.4, the words “any other applicable” shall be inserted after a comma before the words “laws and regulations”. 
Sample 1
General Terms of Awards. The Initial RSU Award and any Annual Awards shall be subject to forfeiture until vested as provided herein. The Initial RSU Award and any Annual Awards shall be nontransferable except for permitted transfers as approved by the Committee pursuant to the terms of the Stock Plan. Upon a Change in Control, the unvested portion of the Initial RSU Award and any Annual Awards then held by the Executive shall become fully vested and, in the case of Options, exercisable. The terms of the Initial RSU Award and any Annual Awards shall otherwise be set forth in award agreements to be approved by the Committee in accordance with the terms of the Stock Plan and consistent with the terms of this Agreement. If the Company does not have sufficient shares of Stock authorized or reserved for issuance under the Stock Plan on the date of grant of any equity awards required or determined to be made under this Section 5, then the Company shall notify the Executive of such fact and the Company and the Executive shall mutually agree as to an acceptable replacement compensation arrangement.
Sample 1
General Terms of Awards 
Sample 1Sample 2Sample 3

Related to General Terms of Awards

  • Terms of Award The following terms used in this Agreement shall have the meanings set forth in this paragraph 1:

  • Additional Terms and Conditions of Award (a) Non-

  • Terms of Grant The Participant hereby accepts the offer of the Company to issue to the Participant, in accordance with the terms of the Plan and this Agreement, [ ( )] shares of the Company’s Common Stock (such shares, subject to adjustment pursuant to Section 24 of the Plan and Subsection 2.1(h) hereof, the “Granted Shares”) at a per share purchase price of $0.001 (the “Purchase Price”), receipt of which is hereby acknowledged by the Company [by the Participant’s prior service to the Company and which amount will be reported as income on the Participant’s W-2 [or 1099] for this calendar year].

  • Terms and Conditions of Award The grant of Restricted Stock Units provided in Section 1(a) shall be subject to the following terms, conditions and restrictions:

  • Payment of Awards The payment of the Award shall be made in shares of Common Stock. The payment of an Award shall be made within 70 days following the end of the Restricted Period.

  • Settlement of Awards Pursuant to Section 5 of this Agreement, the Corporation shall deliver to the Employee one Share for each vested Restricted Stock Unit included in the Award and, as applicable, one share for each vested Restricted Stock Unit that corresponds to an accrued dividend equivalent. Any vested Restricted Stock Units payable to the Employee (including Shares payable pursuant to Section 3 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

  • General Terms For purposes of this Agreement the following terms shall have the following meanings:

  • Terms of Option The Option granted hereunder shall be exercisable from time to time by the Optionee by the giving of written notice of exercise to the Company in advance of an exercise date hereinafter set forth, specifying the number of shares to be purchased, and by payment of the purchase price therefore by either (i) cash or certified or cashier's bank check to the order of the Company, or (ii) shares of stock of the Company having a fair market value equal to the purchase price on the exercise date, subject, however, to the following restrictions:

  • General Terms and Conditions In consideration of the mutual promises contained in this Agreement, and intending to be legally bound, pursuant to Section 252 of the Act, Verizon and PNG hereby agree as follows:

  • Terms of Plan This Agreement is entered into pursuant to the Plan (a copy of which has been delivered to the Grantee). This Agreement is subject to all of the terms and provisions of the Plan, which are incorporated into this Agreement by reference, and the actions taken by the Committee pursuant to the Plan. In the event of a conflict between this Agreement and the Plan, the provisions of the Plan shall govern. All determinations by the Committee shall be in its sole discretion and shall be binding on the Company and the Grantee.

Time is Money Join Law Insider Premium to draft better contracts faster.