Common use of NOTICE OF RESTRICTED STOCK GRANT Clause in Contracts

NOTICE OF RESTRICTED STOCK GRANT. You have been granted restricted shares of Common Stock, subject to the terms and conditions of the Plan and this Stock Award Agreement, as follows: Name of Awardee: Total Number of Shares Granted: Purchase Price per Share: $ Fair Market Value per Share: $ Grant Date: Vesting Commencement Date: Vesting Schedule: [Subject to Section 2.8 below, the first [__]% of the Shares subject to this Stock Award Agreement shall vest on the Vesting Commencement Date, and [__]% of the Shares subject to this Stock Award Agreement shall vest each [month/quarter/year] thereafter, subject to the Awardee continuing to be a Service Provider on such dates. Vesting shall accelerate as provided in Section 2.3 below.]

Appears in 16 contracts

Samples: Stock Award Agreement (Fero Industries, Inc.), Stock Award Agreement for Restricted Stock (Power-Save Energy Co), Stock Award Agreement for Restricted Stock (Power-Save Energy Co)

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