OF RESTRICTED SHARES Sample Clauses

OF RESTRICTED SHARES. (a) VESTING SCHEDULE. You shall acquire a vested interest in the Restricted Shares as set forth in the following table: Cumulative percentage of Restricted Shares Vested Vesting Date on Such Vesting Date -------------------------------------------------------------------------------- Award Date 0% September 30, 2002 34.00% December 31, 2002 42.25% March 31, 2003 50.50% June 30, 2003 58.75% September 30, 2003 67.00% December 31, 2003 75.25% March 31, 2004 83.50% June 30, 2004 91.75% September 30, 2004 100% Notwithstanding the foregoing sentence, and except as otherwise provided herein, the above described vesting shall cease and no Unvested Restricted Shares (as defined below) shall vest after the date on which your employment with the Company terminates for any reason (the "TERMINATION DATE"). Restricted Shares which have become vested pursuant to the terms of this Agreement are referred to herein as "VESTED RESTRICTED SHARES," and all other Restricted Shares are referred to herein as "UNVESTED RESTRICTED SHARES."
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OF RESTRICTED SHARES. Restricted Shares will become ---------------------------- vested upon a Sale of the Company or following a Public Offering in accordance with this Section 1.
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OF RESTRICTED SHARES. Subject to accelerated vesting in accordance with the provisions of Sections 4, 5 and 6 hereof and subject to forfeiture in accordance with the provisions of Section 6 hereof, _________ (_____) of the Restricted Shares shall vest on the first anniversary of the Date of Award, ________ (________) of the Restricted Shares shall vest on the second anniversary of the Date of Award, _______ (_______) of the Restricted Shares shall vest on the third anniversary of the Date of Award, _______ (______) of the Restricted Shares shall vest on the fourth anniversary of the Date of Award, and the remaining __________ (______) of the Restricted Shares shall vest on the fifth anniversary of the Date of Award.
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OF RESTRICTED SHARES. The exercise price for the Additional Options will be mutually agreed to by the Company and Employee. Such Additional Options will vest in accordance with the schedule for the Initial Options.
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OF RESTRICTED SHARES. (a) VESTING SCHEDULE. You shall acquire a vested interest in the Restricted Shares as set forth in the following table: -------------------------------- ------------------------------------------ CUMULATIVE PERCENTAGE OF RESTRICTED SHARES VESTING DATE VESTED ON SUCH VESTING DATE -------------------------------- ------------------------------------------ January 1, 2003 25% -------------------------------- ------------------------------------------ July 1, 2003 37.5% -------------------------------- ------------------------------------------ January 1, 2004 50% -------------------------------- ------------------------------------------ July 1, 2004 62.5% -------------------------------- ------------------------------------------ January 1, 2005 75% -------------------------------- ------------------------------------------ July 1, 2005 87.5% -------------------------------- ------------------------------------------ January 1, 2006 100% -------------------------------- ------------------------------------------ Notwithstanding the foregoing sentence, and except as otherwise provided herein, the above described vesting shall cease and no Unvested Restricted Shares (as defined below) shall vest after the date on which your employment with the Company terminates for any reason (the "TERMINATION DATE"). Restricted Shares which have become vested pursuant to the terms of this Agreement are referred to herein as "VESTED RESTRICTED SHARES," and all other Restricted Shares are referred to herein as "UNVESTED RESTRICTED SHARES."
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Related to OF RESTRICTED SHARES

  • 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.

  • 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.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • 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.

  • Forfeiture of Restricted Shares Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

  • Vesting of Restricted Stock The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

  • 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.

  • 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”).

  • Issuance of Restricted Shares (a) The Restricted Shares are issued to the Recipient, effective as of the Grant Date (as set forth on the cover page of this Agreement), in consideration of employment services rendered and to be rendered by the Recipient to the Company.

  • Delivery of Restricted Stock 7.1 Except as otherwise provided in Section 7.2 hereof, evidence of the book entry of Shares or, if requested by you prior to such lapse of restrictions, a stock certificate with respect to the Shares of Performance Based Restricted Stock for which the restrictions have lapsed pursuant to Section 3, 4 or 5 hereof, shall be delivered to you as soon as practicable following the date on which the restrictions on such Shares of Performance Based Restricted Stock have lapsed, free of all restrictions hereunder.

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