Common use of Shares Subject to the Restricted Stock Award Clause in Contracts

Shares Subject to the Restricted Stock Award. Pursuant to the provisions of the New England Business Service, Inc. Stock Compensation Plan (the "Plan"), as in effect on the Date of Grant, the Issuer hereby grants to the Executive a restricted stock award ("Restricted Stock Award") of ____________ shares of its Common Stock (the "Awarded Shares"). The Awarded Shares are being issued to the Executive in lieu of twenty-five percent (25%) of the gross bonus awarded to the Executive for the fiscal year ended June ___, ____ (the "Bonus") pursuant to the Executive Bonus Plan of the Company adopted by the Board for such fiscal year and are valued for purposes of this Agreement at $_______ per share, the Fair Market Value of a share of Common Stock on the Date of Grant, in accordance with and subject to all the terms and conditions of the Plan and subject to the terms and conditions hereinafter set forth. The Plan and any amendments are hereby incorporated by reference and made a part hereof.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (New England Business Service Inc)

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Shares Subject to the Restricted Stock Award. Pursuant to the provisions of the New England Business Service, Inc. Stock Compensation Plan (the "Plan"), as in effect on the Date of Grant, the Issuer hereby grants to the Executive a restricted stock award ("Restricted Stock Award") of ____________ 6,726 shares of its Common Stock (the "Awarded Shares"). The Awarded Shares are being issued to the Executive in lieu of twenty-five one hundred percent (25100%) of the gross bonus awarded to the Executive for the fiscal year ended June ___29, ____ 2002 (the "BonusBonus Award") pursuant to the Executive Bonus FY2002 NEBS Performance Restricted Stock Plan of the Company adopted by the Organization and Compensation Committee of the Board for such fiscal year and are valued for purposes of this Agreement at $_______ 22.30 per share, the Fair Market Value of a share of Common Stock on the Date of Grant, in accordance with and subject to all the terms and conditions of the Plan and subject to the terms and conditions hereinafter set forth. The Plan and any amendments are hereby incorporated by reference and made a part hereof.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Murray Robert J)

Shares Subject to the Restricted Stock Award. Pursuant to the provisions of the New England Business Service, Inc. Stock Compensation Plan (the "Plan"), as in effect on the Date of Grant, the Issuer hereby grants to the Executive a restricted stock award ("Restricted Stock Award") of ____________ 1,068 shares of its Common Stock (the "Awarded Shares"). The Awarded Shares are being issued to the Executive in lieu of twenty-five percent (25%) of the gross bonus awarded to the Executive for the fiscal year ended June ___28, ____ 2003 (the "BonusBonus Award") pursuant to the Annual Executive Bonus Plan of the Company Issuer adopted by the Organization and Compensation Committee of the Board for such fiscal year and are valued for purposes of this Agreement at $_______ 29.35 per share, the Fair Market Value of a share of Common Stock on the Date of Grant, in accordance with and subject to all the terms and conditions of the Plan and subject to the terms and conditions hereinafter set forth. The Plan and any amendments are hereby incorporated by reference and made a part hereof.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Murray Robert J)

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Shares Subject to the Restricted Stock Award. Pursuant to the provisions of the New England Business Service, Inc. Stock Compensation Plan (the "Plan"), as in effect on the Date of Grant, the Issuer hereby grants to the Executive a restricted stock award ("Restricted Stock Award") of _____________ shares of its Common Stock (the "Awarded Shares"). The Awarded Shares are being issued to the Executive in lieu of twenty-five percent (25%) of the gross bonus awarded to the Executive for the fiscal year ended June ___29, ____ 2002 (the "BonusBonus Award") pursuant to the Annual Executive Bonus Plan of the Company Issuer adopted by the Organization and Compensation Committee of the Board for such fiscal year and are valued for purposes of this Agreement at $_______ 22.30 per share, the Fair Market Value of a share of Common Stock on the Date of Grant, in accordance with and subject to all the terms and conditions of the Plan and subject to the terms and conditions hereinafter set forth. The Plan and any amendments are hereby incorporated by reference and made a part hereof.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (New England Business Service Inc)

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