Grants to Participants Sample Clauses

Grants to Participants. (a) The Company shall, from time to time, deliver to the Trustee a schedule (the “Grant Schedule”) which indicates the number of Shares to be transferred in respect of each Participant, the dates on which such Shares are to be transferred and, if applicable, the vesting schedule applicable thereto. Except as otherwise provided herein, the Trustee shall transfer the Shares to a transfer agent, broker or custodian to hold in a separate account for each Participant in accordance with such Grant Schedule. The number of Shares to be transferred pursuant to the Grant Schedule may reflect a reduction from the gross number of Shares subject to the RSUs to account for applicable withholding taxes. The Company shall make provision for the reporting and withholding of any taxes that may be required to be withheld with respect to the grant, vesting and settlement of RSUs pursuant to the terms of the Plan. If the Grant Schedule provides that the Shares so transferred are subject to vesting restrictions, the Trustee shall direct that the Shares be held in a restricted account pending the vesting of the Shares, and the Trustee shall reacquire any such Shares forfeited by the Participants.
Sample 1
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Grants to Participants. (a) The Company shall, from time to time, deliver to the Trustee a schedule (the “Grant Schedule”) which indicates the number of Shares to be transferred in respect of each Participant, the dates on which such Shares are to be transferred and, if applicable, the vesting schedule applicable thereto and the amount of any accrued dividend equivalents (net of applicable withholding taxes) payable in respect thereof. Except as otherwise provided herein, the Trustee shall transfer the Shares and cash equal to the amount of any accrued dividend equivalents (net of applicable withholding taxes) to a transfer agent, broker or custodian to hold in a separate account under the Trust for each Participant in accordance with such Grant Schedule. The number of Shares (and the amount of any accrued dividend equivalents) to be transferred pursuant to the Grant Schedule may reflect a reduction from the gross number of Shares subject to the RSUs (and from the gross amount of accrued dividend equivalents) to account for applicable withholding taxes. The Company shall make provision for the reporting and withholding of any taxes that may be required to be withheld with respect to the grant, vesting and settlement of RSUs and accrued dividend equivalents pursuant to the terms of the Plan. If the Grant Schedule provides that the Shares so transferred are subject to vesting restrictions, the Trustee shall direct that the Shares be held in a restricted account pending the vesting of the Shares, and any such Shares forfeited by the Participants shall revert to the Trustee. If the Company notifies the Trustee that the number of Shares or transfer date for any Shares listed in a Grant Schedule was erroneous, the Trustee and the Company shall cooperate in asserting commercially reasonable attempts to recover such overpayment of Shares from the applicable Participant(s), provided that the expenses and fees incurred in such collection efforts shall be the responsibility of the Company.
Sample 1
Grants to Participants. (a) The Company shall, from time to time, deliver to the Trustee a schedule (the “Grant Schedule”) which indicates the number of Shares to be transferred in respect of each Participant, the dates on which such Shares are to be transferred and, if applicable, the vesting schedule applicable thereto and the amount of any accrued dividend equivalents (net of applicable withholding taxes) payable in respect thereof. Except as otherwise provided herein, the Trustee shall transfer the Shares and cash equal to the amount of any accrued dividend equivalents (net of applicable withholding taxes) to a transfer agent, broker or custodian to hold in a separate account under the Trust for each Participant in accordance with such Grant Schedule. The number of Shares (and the amount of any accrued dividend equivalents) to be transferred pursuant to the Grant Schedule may reflect a reduction from the gross number of Shares subject to the RSUs (and from the gross amount of accrued dividend equivalents) to account for applicable withholding taxes. The Company shall make provision for the reporting and withholding of any taxes that may be required to be withheld with respect to the grant, vesting and settlement of RSUs and accrued dividend equivalents pursuant to the terms of the Plan. If the Grant Schedule provides that the Shares so transferred are subject to vesting restrictions, the Trustee shall direct that the Shares be held in a restricted account pending the vesting of the Shares, and any such Shares forfeited by the Participants shall revert to the Trustee.
Sample 1

Related to Grants to Participants

  • Service Awards In consideration of the provision of services, COMPANY to pay EMPLOYEE, as compensation; The gross amount of RMB annually calculated at the rate of twelve (12) equal monthly installments consecutively of RMB each.

  • Eligible Participants Families and individuals experiencing homelessness. For the purposes of the Program, families and individuals are considered to be homeless only when he/she/they lack(s) a fixed, regular and adequate nighttime residence and reside(s) in a place not meant for human habitation, such as cars, parks, sidewalks, abandoned buildings, motels, or other shelters, or for reference as further defined in 24 CFR Part 578.3 and 576.2.

  • Payments to Plan Participants and Their Beneficiaries (a) Company shall deliver to Trustee a schedule (the "Payment Schedule") that indicates the amounts payable in respect of each Plan participant (and his or her beneficiaries), that provides a formula or other instructions acceptable to Trustee for determining the amounts so payable, the form in which such amount is to be paid (as provided for or available under the Plan), and the time of commencement for payment of such amounts. Except as otherwise provided herein, Trustee shall make payments to the Plan participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by Company.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee.

  • Employees and Consultants Pubco does not have any employees or consultants, except as disclosed in the Pubco SEC Documents.

  • 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.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Performance Units Subject to the limitations set forth in paragraph (c) hereof, the Committee may in its discretion grant Performance Units to any Eligible Person and shall evidence such grant in an Award Agreement that is delivered to the Participant which sets forth the terms and conditions of the Award.

  • The Committee For purposes of this Agreement, the term “Committee” means the Compensation Committee of the Board of Directors of the Company or any replacement committee established under, and as more fully defined in, the Plan.

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