Number of Shares Subject to Award shares of Common Stock (the “Shares”)
Number of Shares Subject to Award. The details of your Award are as follows.
Number of Shares Subject to Award. End of Restriction Period: This Agreement, effective as of the Date of Award set forth above, is between Franklin Electric Co., Inc., an Indiana corporation (the “Company”), and the Participant named above. The parties hereto agree as follows: The Plan provides a complete description of the terms and conditions governing the Award. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the Plan's terms shall govern. All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein. A copy of the Plan is attached hereto and the terms of the Plan are hereby incorporated by reference.
Number of Shares Subject to Award. Purchase Period: Calendar quarter ending on the Date of Grant (or, if the Date of Grant is not the last day of a calendar quarter, the full calendar quarter immediately preceding the Date of Grant) The details of your Award are as follows.
Number of Shares Subject to Award shares of Common Stock (the “Shares”) Vesting Schedule: One-third (1/3) of the Shares shall vest upon Participant’s completion of a consecutive twelve (12)-month period of Service ending on _______________. One-third (1/3) of the Shares shall vest upon Participant’s completion of a consecutive twenty-four (24)-month period of Service ending on _______________. One-third (1/3) of the Shares shall vest upon Participant’s completion of a consecutive thirty-six (36)-month period of Service ending on _______________. However, one or more Shares may be subject to accelerated vesting in accordance with the provisions of Paragraph 5 of this Agreement. Issuance Schedule: The Shares in which Participant vests in accordance with the foregoing Vesting Schedule shall become issuable immediately upon vesting (the “Issue Date”). The actual issuance of the Shares shall be subject to the Corporation’s collection of all applicable Withholding Taxes and shall be effected on the applicable Issue Date or as soon as administratively practicable thereafter, but in no event later than the close of the calendar year in which such Issue Date occurs or (if later) the fifteenth (15th) day of the third (3rd) calendar month following such Issue Date. The procedures pursuant to which the applicable Withholding Taxes are to be collected are set forth in Paragraph 7 of this Agreement. Restrictive Covenants: The Award is being made by the Corporation in consideration for the Participant’s services to the Corporation and its Affiliates and acceptance of, and agreement to be bound by, the terms, conditions and restrictions of the restrictive covenants set forth in Paragraph 9 of this Agreement, which acceptance and agreement shall be evidenced by the Participant’s execution of this Agreement.
Number of Shares Subject to Award shares The actual number of Shares, if any, subject to the Award that may be earned and vested shall be determined based upon the attainment of the Performance Goals during the Performance Period specified below, as determined by the Committee; provided, that except as otherwise provided in the Agreement, the earning and vesting of the Shares is subject to the continued employment or service of the Participant from the Grant Date until each applicable vesting date and such other terms and conditions as may be imposed by the Plan and the Agreement, including but not limited to this Schedule A.
Number of Shares Subject to Award. <# of Shares Awarded> shares of Common Stock (the “Shares”) Vesting Schedule: <specify vesting schedule> (the “Normal Vesting Schedule”). However, one or more Shares may be subject to accelerated vesting in accordance with the provisions of Paragraph 5 of this Agreement. Issuance Schedule The Shares in which the Participant vests in accordance with the Normal Vesting Schedule shall be issued, subject to the Corporation’s collection of all applicable Withholding Taxes, on the applicable vesting date specified for those Shares in such Normal Vesting Schedule or as soon thereafter as administratively practicable, but in no event later than the close of the calendar year in which such vesting date occurs or (if later) the fifteenth day of the third calendar month following such vesting date. The Shares which vest pursuant to Paragraph 5 of this Agreement shall be issued in accordance with the provisions of such Paragraph. The applicable Withholding Taxes are to be collected pursuant to the procedures set forth in Paragraph 7 of this Agreement.
Number of Shares Subject to Award shares of Common Stock (the “Shares”) Revised 1/25/18 Vesting Schedule: 25% of the Shares shall vest upon Participant’s completion of a consecutive twelve (12)-month period of Service measured from the Award Date. 25% of the Shares shall vest upon Participant’s completion of a consecutive twenty-four (24)-month period of Service measured from the Award Date. 25% of the Shares shall vest upon Participant’s completion of a consecutive thirty-six (36)-month period of Service measured from the Award Date. 25% of the Shares shall vest upon Participant’s completion of a consecutive forty-eight (48)-month period of Service measured from the Award Date. However, one or more Shares may be subject to accelerated vesting in accordance with the provisions of Paragraph 5 of this Agreement.
Number of Shares Subject to Award. [__] Shares
Number of Shares Subject to Award. [ ] shares of Common Stock (the “Shares”) Vesting Schedule: Provided the Participant continues in Service through each date, 50% of the Shares shall vest on the six-month anniversary of the Award Date and 50% of the Shares shall vest on the one-year anniversary of the Award Date. However, one or more Shares may be subject to accelerated vesting in accordance with the provisions of Paragraph 5 of this Agreement.
