Restricted Share Grant Sample Clauses


Restricted Share Grant. Effective as of the date of this Agreement, Employee shall be granted 40,000 shares of restricted stock under the Companys stock award plan. These restricted shares shall vest in equal amounts on each anniversary of the date of grant during the three (3) years following the date of grant. In addition, Employee shall receive at least 21,000 shares of restricted stock as part of his equity grant for performance during 2005, which grant shall have be effective on the same date and vest in the same manner as, and shall contain other terms substantially similar to, grants of restricted stock awarded to other senior executives of the Company for performance during 2005.


Restricted Share Grant. Subject to approval of the Board and approval of an increase in the number of shares of the Companys common stock (the Common Stock) under the Companys 2006 Employee, Director and Consultant Stock Plan (the Plan), the Company will grant you restricted shares (the Restricted Shares) in an amount equal to 289,098 shares, at a per share purchase price equal to the fair market value of a share of Common Stock on the date of grant, pursuant to a written restricted stock agreement between the Company and you in the form attached hereto as Exhibit 4(c)(i) (the Restricted Stock Agreement).

Restricted Share Grant. Subject to the terms and conditions set forth herein, the Company hereby grants to the Non-Employee Director the number of restricted shares (the Restricted Shares) of the Companys common stock set forth on the signature page hereof, at the value per Share set forth on the signature page hereof.

Restricted Share Grant. As of the Employment Date, you will receive a grant of 20,000 restricted shares of Company common stock under the Companys Amended and Restated Executive Incentive Program (the Program). The restriction on these shares will lapse and will be distributed to you as follows: (i) 4,000 shares on the one-year anniversary of the Employment Date, (ii) 4,000 shares on the second anniversary of the Employment Date, (iii) 4,000 shares on the third anniversary of the Employment Date, (iv) 4,000 on the fourth anniversary of the Employment Date, and (v) the remaining 4,000 on the fifth anniversary of the Employment Date; provided you continue to be employed by the Company on such distribution dates. The restriction will also lapse if, prior to the third anniversary of the Employment Date, your employment is terminated for other than Cause. During the period of restriction, you will receive all dividends paid with respect to these shares.

Restricted Share Grant. Subject to Executives execution of this Agreement, the Committee will issue Executive on September 13, 2007, 225,000 shares of the Companys Restricted Stock (Restricted Shares). The Restricted Shares will be subject to vesting and forfeiture in the event of Executives termination of employment or continued service prior to June 4, 2011. Such forfeiture rights shall lapse at the rate of 28,125 shares every six months, beginning on the date six months after June 4, 2007 (the Vesting Commencement Date) and continuing every six months thereafter. Vesting will be dependant on Executives continued and continuous service relationship with the Company. The Restricted Shares will be subject to the terms of a Restricted Stock Award Agreement between Executive and the Company.

Restricted Share Grant. On the Effective Date, and as an inducement for the Executive to enter into this Agreement, the Executive shall be granted a number of restricted shares of Company common stock ("Shares"), par value $0.001 per share, equal to 80,000 Shares (the "Restricted Stock Grant"), which shall be granted pursuant to the terms of the Northern Oil and Gas, Inc. 2013 Incentive Plan, as amended (the "Plan"). The terms and conditions applicable to the Restricted Stock Grant shall be set forth pursuant to the Company's standard form of single-trigger time-based restricted stock award agreement under the Plan. The Shares underlying the Restricted Stock Grant shall vest annually over a four (4) year period, with twenty-five percent (25%) of the Restricted Stock Grant vesting on each of the first four anniversaries of the Effective Date.

Restricted Share Grant. Executive shall receive an annual Restricted Share Grant, which shall not be subject to any performance-based vesting criteria, in lieu of a standard cash salary and as an inducement for the Executive to enter into this Agreement. The parties shall negotiate the Restricted Share Grant in good faith on an annual basis, and the parties shall set forth the mutually agreed-upon terms of the annual Restricted Share Grant in an APPENDIX A to this Agreement on or before March 31st of each year.


Restricted Share Grant. Effective as of the date of this Agreement, Employee shall be granted 350,000 shares of restricted stock under the Companys stock award plan. The first 116,720 of such restricted shares (approximately 33.3%) shall vest one year from the date of grant and the remaining 233,280 shares (approximately 66.7%) shall vest in equal amounts of 6,480 shares at each subsequent calendar quarter end, commencing September 30, 2005 and ending June 30, 2014.

Restricted Share Grant. On or as soon as practicable after the Employment Date, Employee shall be granted 75,000 shares of restricted stock under the Companys stock award plan. The first one-third of such restricted shares (25,000 shares) shall vest one (1) year from the date of grant, a second one-third of such shares shall vest two (2) years from the date of grant and the final one-third of such shares shall vest three (3) years from the date of grant.

Restricted Share Grant. On the Effective Date, the Company shall issue to Executive 350,000 shares of unregistered common stock of the Company, which shall vest (become non-forfeitable) as to 50% of the award on the second anniversary of the Effective Date, and as to the remaining 50% of the award on the third anniversary of the Effective Date (the "BRFH Shares").