Restricted Stock Bonus Sample Clauses

Restricted Stock Bonus. A At the discretion of the Escala Compensation Committee, the senior management of A-Xxxx (currently Xxxx XxXxxx, Xxxx Xxxxxxxx and Xxxx Xxxxxxx) will accept up to 10.0% of their Fiscal Year 2008 A-Xxxx Precious Metals, Inc. bonus in restricted Escala equity shares subject to the following:
Sample 1
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Restricted Stock Bonus. Employee acknowledges that the 50,000 shares of restricted stock held by Employee which were scheduled to vest as to 16,667 shares on January 20, 2016 and 33,333 shares on January 20, 2017 shall be forfeited as of the Separation Date, and Employee shall promptly return to the Company for cancellation any stock certificate she holds representing such shares. Employee acknowledges and agrees that she will not be entitled to receive payment of any bonus under the Company's annual performance award program for performance in fiscal 2015 or any other period.
Sample 1
Restricted Stock Bonus. Contemporaneously with the execution of this Agreement, the Company will issue to Recipient [Shares] shares of Common Stock of the Company (the "STOCK"). Stock certificates evidencing the Stock will be retained by the Company, accompanied by blank stock powers executed by Recipient for the period during which the Stock constitutes Restricted Stock pursuant to the terms of Sections 3 and 4, below. All shares of the Stock issued hereunder shall be deemed issued to Recipient as fully paid and nonassessable shares, and Recipient (or any Transferee, if Recipient transfers such Stock pursuant to Section 3(b), below) shall have all rights of a stockholder with respect thereto, including the right to vote, receive dividends (including stock dividends), participate in stock splits or other recapitalizations, and exchange such shares in a merger, consolidation or other reorganization. The Company shall pay any applicable stock transfer taxes resulting from the issuance of the Stock to Recipient pursuant to this Agreement. The term "Stock" refers not only to the Stock granted hereunder, but also to all securities received in replacement of the Stock, as a stock dividend or as a result of any stock split, recapitalization, merger, reorganization, exchange or the like, and all other new, substituted or additional securities or other properties to which Recipient or Transferee is entitled by reason of Recipient's or Transferee's ownership of the Stock.
Sample 1
Restricted Stock Bonus. Section 5.02. (a) As additional compensation, Employer agrees to transfer to Employee each year during the employment term, on a pro-rata quarterly basis, the 10,000 shares of Employer's common stock for fiscal 1995, 15,000 shares for fiscal 1996, 20,000 shares for fiscal 1997, 25,000 shares for fiscal year 1998, and 30,000 shares for fiscal 1999, which may be increased by the Board of Directors based on performance.
Sample 1
Restricted Stock Bonus. On December 11, 1997, ---------------------- Executive shall be awarded three hundred and seventy-five thousand (375,000) shares of Company Series E Preferred Stock (the "Restricted Stock") with a fair market value equal to $9.50 per share. Subject to accelerated vesting as specified elsewhere in this Agreement, the Restricted Stock shall vest as to ninety-three thousand seven hundred and fifty (93,750) shares on the first anniversary of the Employment Commencement Date and as to seven thousand eight hundred twelve and one-half (7,812.5) shares on the first day of each month following such one year anniversary, so as to be 100% vested on the four year anniversary of the Employment Commencement Date, conditioned upon Executive's continued employment with the Company as of such vesting dates. Except as otherwise specified herein, in the event that Executive's employment with the Company terminates, any unvested Restricted Stock shall be forfeited to the Company. This award is in all other respects subject to the terms, definitions and provisions of the standard form of restricted stock purchase agreement to be entered into by and between Executive and the Company (the "Restricted Stock Purchase Agreement"), incorporated herein by reference.
Sample 1

Related to Restricted Stock Bonus

  • Restricted Stock Units Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Grantee restricted stock units (the “Restricted Stock Units”) as of the Grant Date. Each Restricted Stock Unit represents the right to receive a Share of Common Stock if the Restricted Stock Unit becomes vested and non-forfeitable in accordance with Section 2 or Section 3 of this Agreement. The Grantee shall have no rights as a stockholder of the Company, no dividend rights and no voting rights with respect to the Restricted Stock Units or the Shares underlying the Restricted Stock Units unless and until the Restricted Stock Units become vested and non-forfeitable and such Shares are delivered to the Grantee in accordance with Section 4 of this Agreement. The Grantee is required to pay no cash consideration for the grant of the Restricted Stock Units. The Grantee acknowledges and agrees that (i) the Restricted Stock Units and related rights are nontransferable as provided in Section 5 of this Agreement, (ii) the Restricted Stock Units are subject to forfeiture in the event the Grantee’s Continuous Status as an Employee or Consultant or Non-Employee Director terminates in certain circumstances, as specified in Section 6 of this Agreement, (iii) sales of Shares of Common Stock delivered in settlement of the Restricted Stock Units will be subject to the Company’s policies regulating trading by Employees and Consultants, including any applicable “blackout” or other designated periods in which sales of Shares are not permitted, (iv) Shares delivered in settlement will be subject to any recoupment or “clawback” policy of the Company, regardless of whether such recoupment or “clawback” policy is applied with prospective or retroactive effect, and (v) any entitlement to dividend equivalents will be in accordance with Section 7 of this Agreement. The extent to which the Grantee’s rights and interest in the Restricted Stock Units becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

  • Restricted Stock Award Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Participant _____ Shares (the “Restricted Shares”), which shall vest and become nonforfeitable in accordance with Section 3 hereof.

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 16% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee employment concludes on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment date. In the way of example, if Employee has been employed for 18 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 50% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will Employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Restricted Stock Awards Each Restricted Stock Award shall be evidenced by a Restricted Stock Award Agreement, which shall comply with and be subject to the following terms and conditions:

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Restricted Stock Shares of restricted stock granted to the Executive by the Company which have not become vested as of the date of termination of the Executive’s employment, as provided in Section 7(b), shall immediately become vested on a pro rata basis upon the Release becoming irrevocable. The number of such additional shares of restricted stock that shall become vested as of the date of the Executive’s termination of employment shall be that number of additional shares that would have become vested through the date of such termination of employment at the rate(s) determined under the vesting schedule applicable to such shares had such vesting schedule provided for the accrual of vesting on a daily basis (based on a 365-day year). The pro rata amount of shares vesting through the date of non-renewal shall be calculated by multiplying the number of unvested shares scheduled to vest in each respective vesting year by the ratio of the number of days from the date of grant through the date of non-renewal, and the number of days from the date of grant through the original vesting date of the respective vesting tranche. Any shares of restricted stock remaining unvested after such pro rata acceleration of vesting shall automatically be reacquired by the Company in accordance with the provisions of the applicable restricted stock agreement, and the Executive shall have no further rights in such unvested portion of the restricted stock. In addition, the Company shall waive any reacquisition or repayment rights for dividends paid on restricted stock prior to Executive’s termination of employment.

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Grant of Restricted Stock Award The Restricted Stock Award will be in the form of issued and outstanding shares of Stock that will be either registered in the name of the Participant and held by the Company, together with a stock power executed by the Participant in favor of the Company, pending the vesting or forfeiture of the Restricted Stock, or registered in the name of, and delivered to, the Participant. Notwithstanding the foregoing, the Company may in its sole discretion, issue Restricted Stock in any other format (e.g., electronically) in order to facilitate the paperless transfer of such Awards. If certificated, the certificates evidencing the Restricted Stock Award will bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant will not be sold, encumbered hypothecated or otherwise transferred except in accordance with the terms of the Plan and this Agreement.

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