Grant Restricted Stock Sample Clauses

Grant Restricted Stock. The Company hereby grants to Employee, and Employee hereby acquires from the Company _________ shares of restricted Common Stock (the "Shares").
Sample 1
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Grant Restricted Stock. In order to induce the Executive to accept such position and perform such position to the best of his ability, and as additional compensation for the services to be performed by the Executive in the position set forth in paragraph 1 above, the Compensation Committee of Talbots will grant to the Executive, on April 2, 2007 (the "grant date"), the number of shares of restricted common stock of Talbots, $0.01 par value, equal to a total value of $598,125 (determined using the closing price of Talbots common stock on April 2, 2007) under the terms of a Restricted Stock Agreement to be executed by the parties on or immediately following April 2, 2007 in the form attached as Exhibit A ("Restricted Stock Agreement"). Pursuant to the terms of the Restricted Stock Agreement, the restricted common stock will vest 24 months from the grant date (on April 2, 2009) and will automatically vest upon any earlier termination of employment by the Company without "Cause" or by the Executive for "Good Reason" or if the Executive's employment terminates by reason of disability or death, all in accordance with the terms of the Restricted Stock Agreement.
Sample 1
Grant Restricted Stock. In order to induce the Executive to accept such position and perform such position to the best of her ability, and as additional compensation for the services to be performed by the Executive in the position set forth in paragraph 1 above, Talbots shall grant to the Executive 59,890 shares of restricted common stock of Talbots, $0.01 par value, under the terms of the Restricted Stock Agreement attached as Exhibit A (“Restricted Stock Agreement”). Pursuant to the terms of the Restricted Stock Agreement, the restricted common stock will vest 24 months from the grant date and will automatically vest upon any earlier termination of employment either without “Cause” or for “Good Reason” as set forth in the Restricted Stock Agreement. The Restricted Stock Agreement and the grant date of the restricted common stock will be effective as of the date hereof.
Sample 1

Related to Grant Restricted Stock

  • Grant of Restricted Stock Pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, the Board of Directors hereby grants to the Participant 2,500 restricted shares (the “Restricted Stock”) of common stock of the Company, par value $0.01 per share (“Common Stock”).

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

  • Grant of Restricted Shares (a) The Company hereby grants to the Grantee an award (the “Award”) of shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

  • Grant of Restricted Stock Units The Corporation hereby awards to Participant, as of the Award Date, restricted stock units under the Plan. The number of shares of Common Stock underlying the awarded restricted stock units and the applicable service vesting requirements for those units and the underlying Shares are set forth in the Award Notice. The remaining terms and conditions governing the Award shall be as set forth in this Agreement.

  • Grant of Restricted Share Units The Company hereby grants to the Participant [ ].00 restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Award of Restricted Stock 1.1 Effective as of the Grant Date, the Company hereby grants to Grantee an award of the number of shares of restricted Common Stock of the Company specified above (“Restricted Stock”), subject to, and in accordance with, the restrictions, terms and conditions set forth in the Plan and this Agreement.

  • Settlement of Restricted Stock Units 6.1 Subject to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

  • Stock Options; Restricted Stock The foregoing benefits are intended to be in addition to the value of any options to acquire Common Stock of the Company, the exercisability of which is accelerated pursuant to the terms of any stock option agreement, any restricted stock the vesting of which is accelerated pursuant to the terms of the restricted stock agreement, and any other incentive or similar plan heretofore or hereafter adopted by the Company.

  • Award of Restricted Shares The Committee hereby awards to the Awardee [insert # of shares] Restricted Shares. All such Restricted Shares shall be subject to the restrictions and forfeiture provisions contained in Sections 4, 5 and 6, such restrictions and forfeiture provisions to become effective immediately upon execution of this Agreement by the parties hereto.

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