Stock Grant Sample Clauses

Stock Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee’s employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of common stock then subject to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded.
Stock Grant. Simultaneously with the consummation of the Combination, Employee will be granted that number of shares of all classes of stock of the Holding Company equal to one percent (1.0%) of the number of shares of all classes of stock of the Holding Company outstanding immediately upon consummation of the IPO. Such shares so granted shall fully and completely vest on the date of issuance.
Stock Grant. The Chairman shall recommend to the Committee that Executive receive three annual grants of restricted stock during the term of this Agreement, one ,for each of fiscal years 2007, 2008 and 2009 in each case equal to the number of shares of Company's common stock equal to $8,250,000 divided by the closing sale price on the day prior to the grant date, with each grant made pursuant to and subject to all terms and conditions set forth in Company's 2005 Stock Award and Incentive Plan ("the Stock Plan"). No award of restricted stock will be made for fiscal 2010. Pursuant to the terms of the Stock Plan, the Committee will condition the vesting of this restricted stock based on achievement of pre-determined performance goals set forth in writing and based on objective measurements all established by the Committee. The Committee must verify that the performance goals and other material terms are met prior to vesting. It is the parties' intention that the Stock Plan be adopted and administered in a manner that enables Company to deduct for federal income tax purposes to the maximum extent possible the value of all restricted stock grants. The delivery of restricted stock earned, if any, will be made within 120 calendar days after the close of Company's fiscal year and completion of an outside audit by Company's then current outside audit firm. Any awards of restricted stock outstanding at the time of a "change of control," as that term is defined in section 9(c) of the Stock Plan, shall vest immediately upon the change of control. 3.3.2.
Stock Grant. The Company shall grant to Executive on the Operative Date 50,251 shares of common stock (the "Signing Bonus Shares"). The Signing Bonus Shares shall be fully vested on the Operative Date, but may not be transferred until the earlier of (i) the first anniversary of the Operative Date and (ii) Executive's termination of employment. The Company shall make a cash payment to Executive on the Operative Date in an amount such that after payment of all federal, state or local taxes on such amount (based upon the highest applicable marginal rate for Connecticut residents performing services in that state and net of the maximum reduction in federal income taxes attributable to the deduction of such state and local taxes), Executive is left with an amount equal to the aggregate federal, state and local taxes on the Signing Bonus Shares. In the event that the federal, state or local taxes (net of any reduction in federal income taxes attributable to the deduction of such state and local taxes) actually paid by Executive resulting from any payment under this Section 4(c)(i) exceed the amount paid to him by the Company in accordance with the third sentence of this Section 4(c)(i) at the time of the grant, the Company shall make an additional payment to the Executive such that Executive is left with an amount, together with the amount paid to him in accordance with the third sentence of this Section 4(c)(i), equal to the aggregate federal, state and local taxes actually paid by the Executive on the Signing Bonus Shares. In the event that the federal, state or local taxes (net of any reduction in federal income taxes attributable to the deduction of such state and local taxes) actually paid by Executive resulting from any payment under this Section 4(c)(i) are less than the amount paid to him by the Company in accordance with the third sentence of this Section 4(c)(i) at the time of the grant, the Executive shall pay to the Company an amount such that the Executive is left with an amount equal to the federal, state or local taxes on the Signing Bonus Shares.
Stock Grant. Within five (5) business days after the approval of an equity incentive plan (the “Plan”) by the Company’s stockholders, the Company agrees to grant to Employee Fifty Thousand (50,000) shares of Common Stock of the Company (the “Shares”) pursuant to the Plan. Additional terms and conditions of the Shares shall be determined by the Company’s Board of Directors in accordance with the Plan at the time of the grant and set forth in a stock grant agreement to be executed by the Company and the Employee.
Stock Grant. Consultant shall receive a grant of 100,000 shares of the Company’s restricted common stock (“Stock Grant”), which shall vest on the date that is one year after the date of this Agreement and be subject to a lock-up of one (1) year from the date of vesting. The Stock Grant will be evidenced by and subject to the terms and conditions of a separate Notice of Grant and Restricted Stock Agreement.
Stock Grant. Subject to the terms and conditions of the Plan and as set forth herein, the Company hereby grants to the Participant, as of date hereof, the number of interests contained in the Stock Grant (the “Award”), as indicated in the Notice of Grant. MN Group will issue supporting units on a one-for-one basis to the Company for each Award hereunder, either at the time of vesting for RSUs or at the time of grant for RSSs. Upon termination of an Award, any such issued units to MNI shall be forfeited back to MN Group to the extent unvested.
Stock Grant. Upon the commencement of my employment under this Agreement, I will be entitled to a stock grant (“Grant”) of 1,500,000 shares of the Parent Company’s common stock; certain percentage of the Grant shall vest and become exercisable according to the following table if I remain employed by the Company and its subsidiaries through the vesting date. Vesting date Stock grant December 31, 2007 100,000 shares of the Company’s common stock December 31, 2008 200,000 shares of the Company’s common stock December 31, 2009 300,000 shares of the Company’s common stock December 31, 2010 400,000 shares of the Company’s common stock December 31, 2011 500,000 shares of the Company’s common stock The Grant shall be subject to all terms of the Parent Company’s 2007 stock option/stock issuance plan or any future stock option/stock issuance plan under which it was issued.
Stock Grant. If and when the Company consummates an underwritten public offering of shares of its common stock pursuant to a registration statement filed with and declared effective by the Securities Exchange Commission after the date of this Agreement (the “Public Offering”), or otherwise upon demand by Holder, the Company shall issue equally to Holder and Simon Aron that aggregate number of shares of the Company’s common stock equal to One Hundred Forty Thousand Dollars ($140,000) divided by the lesser of (i) eighty percent (80%) of the per share price of the Company’s common stock sold in the Public Offering, or (ii) Five Dollars ($5.00), subject to proportionate adjustment for any stock splits, subdivisions, conversions reclassifications of any capital stock of the Company so that they conversion price most closely approximates the economic benefit set forth herein.