Common use of GRANT OF AWARDS AND AWARD AGREEMENTS Clause in Contracts

GRANT OF AWARDS AND AWARD AGREEMENTS. (a) Subject to the provisions of the Plan, the Committee shall (i) determine and designate from time to time those Key Employees or groups of Key Employees to whom Awards are granted; (ii) determine the form or forms of Award to be granted to any Key Employee; (iii) determine the amount or number of shares of Stock, including Restricted Stock or Deferred Stock if the Committee so determines, subject to each Award; (iv) determine the terms and conditions of each Award; and (v) determine whether and to what extent Key Employees shall be allowed or required to defer receipt of any Awards or other amounts payable under the Plan to the occurrence of a specified date or event; provided, however, that no Award shall be granted after the expiration of ten (10) years from the effective date of the Plan.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Medcare Technologies Inc), Agreement and Plan of Merger (Medcare Technologies Inc), Agreement and Plan of Merger (Medcare Technologies Inc)

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