Common use of Restricted Stock Grant Clause in Contracts

Restricted Stock Grant. The Company shall provide Executive with a restricted stock grant (the “Restricted Stock Grant”) of 10,000 shares of the Company’s Common Stock pursuant to a customary restricted stock agreement so long as he remains employed by the Company on April 1, 2005. The Restricted Stock Grant will vest over five years from the date of grant with 20% vesting on the third anniversary of the date of grant, an additional 30% vesting on the fourth anniversary of the date of grant and the balance (50%) vesting on the fifth anniversary of the date of grant.

Appears in 3 contracts

Samples: Executive Agreement (Global Imaging Systems Inc), Executive Agreement (Global Imaging Systems Inc), Executive Agreement (Global Imaging Systems Inc)

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Restricted Stock Grant. The Company shall provide Executive with a restricted stock grant (the “Restricted Stock Grant”) of 10,000 20,000 shares of the Company’s Common Stock pursuant to a customary restricted stock agreement so long as he remains employed by the Company on April 1, 2005. The Restricted Stock Grant will vest over five years from the date of grant April 1,2005 with 20% vesting on the third anniversary of the date of grant, an additional 30% vesting on the fourth anniversary of the date of grant and the balance (50%) vesting on the fifth anniversary of the date of grant.

Appears in 1 contract

Samples: Agreement (Global Imaging Systems Inc)

Restricted Stock Grant. The Promptly following Executive entering into this Agreement, Company shall provide grant Executive with a restricted stock grant (the “Restricted Stock Grant”) of 10,000 shares of the Company’s Common Stock pursuant to a customary restricted stock agreement so long as he remains employed by the Company on April 1of Company, 2005. The Restricted Stock Grant will to vest over five years from annually after the date of grant at the following rates: 1st anniversary — 15%; 2nd anniversary — 15%; 3rd anniversary — 15%; 4th anniversary — 15%; and 5th anniversary — 40%. Such restricted stock shall be subject to the restricted stock agreement to be provided by Company to Executive in connection with 20% vesting on the third anniversary of the date of grant, an additional 30% vesting on the fourth anniversary of the date of grant and the balance (50%) vesting on the fifth anniversary of the date of grant.

Appears in 1 contract

Samples: Employment Agreement (Superior Well Services, INC)

Restricted Stock Grant. The Company shall provide Executive with a restricted stock grant (the “Restricted Stock Grant”) of 10,000 17,500 shares of the Company’s Common Stock pursuant to a customary restricted stock agreement so long as he remains employed by in the Company on April 1, 2005form of Appendix A hereto. The Restricted Stock Grant will vest over five years from the date of grant April 1, 2002 with 20% vesting on the third anniversary of the date of granthereof, an additional 30% vesting on the fourth anniversary of the date of grant hereof and the balance (50%) vesting on the fifth anniversary of the date of granthereof.

Appears in 1 contract

Samples: Agreement (Global Imaging Systems Inc)

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Restricted Stock Grant. The Company shall provide Executive with a restricted stock grant (the “Restricted Stock Grant”) of 10,000 40,000 shares of the Company’s Common Stock pursuant to a customary restricted stock agreement so long as he remains employed by the Company on April 1, 2005agreement. The Restricted Stock Grant will vest over five years from the date of grant October 1, 2002 with 20% vesting on the third anniversary of the date of granthereof, an additional 30% vesting on the fourth anniversary of the date of grant hereof and the balance (50%) vesting on the fifth anniversary of the date of granthereof.

Appears in 1 contract

Samples: Senior Executive Agreement (Global Imaging Systems Inc)

Restricted Stock Grant. The Company shall provide Executive with a restricted stock grant (the “Restricted Stock Grant”) of 10,000 45,000 shares of the Company’s Common Stock pursuant to a customary restricted stock agreement so long as he remains employed by in the Company on April 1, 2005form of Appendix A hereto. The Restricted Stock Grant will vest over five years from the date of grant April 1, 2002 with 20% vesting on the third anniversary of the date of granthereof, an additional 30% vesting on the fourth anniversary of the date of grant hereof and the balance (50%) vesting on the fifth anniversary of the date of granthereof.

Appears in 1 contract

Samples: Agreement (Global Imaging Systems Inc)

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