Stock Award Sample Clauses
A Stock Award clause defines the terms under which an individual, typically an employee or contractor, is granted shares or the right to acquire shares in a company. This clause outlines the number of shares awarded, any vesting schedule, and conditions such as continued employment or achievement of specific milestones. For example, it may specify that shares vest over a four-year period with a one-year cliff, or that certain performance targets must be met before shares are issued. The core function of this clause is to incentivize and retain key personnel by aligning their interests with the long-term success of the company.
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Stock Award. Pursuant to the Plan, the Company, on ________ __, 20__ (the “Date of Grant”) granted to the Participant, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, a Stock Award covering _________ shares of Common Stock, hereafter described as the “Shares.”
Stock Award. Component shall mean the number of shares of Company Stock awarded to the Executive under the Atlantic Coast Federal Corporation 2005 Recognition and Retention Plan that are still held by the Executive on December 11, 2009 times 25 percent. For example, on December 11, 2009 the Executive had 100 shares awarded to him under the Atlantic Coast Federal Corporation 2005 Recognition and Retention Plan. For purposes of calculating the Appreciation Benefit, only 25 shares would be counted.
Stock Award. The Company shall pay to the Executive an annual restricted stock award of $1,500,000 worth of shares of common stock pursuant to the Company’s then existing equity incentive plan (the “Initial Award”). Thereafter, the Board or Committee shall consider stock awards for subsequent years. The Initial Award shall be granted on the Effective Date of this Agreement and the number of shares of the Company’s common stock awarded will be calculated at the then current “Fair Market Value,” which shall be determined by the Board or, if the shares are traded or quoted in an exchange or an over the counter marketplace, by the average of the last sale price of the shares for the ten trading days prior to the Effective Date of this Agreement, or the anniversary thereof, as applicable. The Initial Award shall vest in four equal installments, the first installment vesting on the Effective Date of this Agreement and each subsequent installment shall vest every three months thereafter.
Stock Award. In consideration of future services to be rendered to Courier or a subsidiary thereof by Employee, Courier hereby awards to Employee pursuant to the Plan shares of its Common Stock, $1.00 par value (the “Awarded Shares”). The Awarded Shares shall be issued and held by the Company’s transfer agent in book entry form until the Awarded Shares have become nonforfeitable in accordance with Section 2 of this Agreement.
Stock Award. 1.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a key employee, to work for the long-range success of the Corporation, the Corporation hereby awards to Grantee the number of shares of Stock stated above.
Stock Award. As approved by the Committee, the Company hereby grants to the Grantee 250,000 shares of common stock of the Company, subject to the terms, conditions and restrictions set forth below and in the Plan (the “Stock Award”).
Stock Award. Effective upon the Effective Date, Executive has been granted, subject to the terms and conditions herein set forth, an award (the "Stock Award") of 26,667 restricted shares of Common Stock. The Stock Award shall be implemented by a credit to a bookkeeping account maintained by the Company evidencing the accrual in favor of the Executive of the unfunded right to receive shares of Common Stock of the Company, subject to the terms and conditions set forth in Section 3.
Stock Award. On the date first written above, the Company and the Contractor agreed that the Contractor should receive a stock award of 60,000 shares of the Company’s common stock (the “Stock Award”). Such shares of common stock are issued as compensation for services to be rendered by the Contractor over the Term of the Agreement.
Stock Award. The Company hereby agrees to issue to ▇▇▇▇▇▇▇ 1.5 ----------- million Shares of its Common Stock upon his payment to the Company of the purchase price therefor of $0.29 per share, which shall be paid through his execution and delivery of the promissory note attached hereto. The Shares shall be subject to the limitations provided below in this Section 1.
Stock Award. The treatment of Executive’s stock award will, as applicable, be governed by the CNB Financial Corporation 2019 Omnibus Incentive Plan or successor plan, if any.