Common use of Grant of Awards Clause in Contracts

Grant of Awards. If the Recipient validly accept the Board of Directors of KO’s offer of a stock award, the Board must grant the Recipient the stock award for the number of shares for which the stock award was accepted. However, the Board must not do so if the Recipient has ceased to be an eligible person at the date when the stock award is to be granted or the Company is otherwise prohibited from doing so under the Corporations Act 2001(Cth) (the “Corporations Act”) without a disclosure document, product disclosure statement or similar document. The Company must provide a stock award agreement in respect of the stock award granted to the Recipient to be executed by the Recipient as soon as practicable after the date of grant. Stock awards granted to the Recipient under this Appendix that are Awards must not have an expiration date exceeding fifteen (15) years from the date of grant.

Appears in 4 contracts

Samples: Performance Share Agreement (Coca Cola Co), Performance Share Agreement (Coca Cola Co), Restricted Stock Unit Agreement (Coca Cola Co)

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