Time-Vested Restricted Shares Sample Clauses

Time-Vested Restricted Shares. Award Value: • One-third of the total targeted annual grant value will be provided in time-based RSA’s. • The grant value will be determined by calculating the total equity grant value [(2014 base salary x LTI target as % of 2014 base salary) then dividing by three]. • Share count is based on the grant value divided by grant date closing stock price on 12/31/2013. Vesting: • RSA’s xxxx xxxxx vest three years from date of grant. • These shares are not subject to performance contingencies and will be earned by the recipient by continued employment through the vesting period.
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Time-Vested Restricted Shares. “TVRSs”) As of the Effective Date, Employee shall be granted up to one hundred and fifty thousand (150,000) shares of the Company’s common stock as Time-Vested Restricted Shares (“TVRSs”) under and subject to all of the provisions of a related award agreement (the “Restricted Stock Award Agreement” attached hereto as Exhibit A), upon and subject to approval by the Company’s Compensation Committee of the Board of Directors (the “Compensation Committee”) and vesting as follows: ● 50,000 TVRSs vest on the one year anniversary of the Effective Date; ● 50,000 TVRSs vest on the two year anniversary of the Effective Date; and ● 50,000 TVRSs vest on the three year anniversary of the Effective Date. Except as otherwise set forth herein or in the Restricted Stock Award Agreement, vesting of the TVRSs will cease upon the termination of Employee’s employment with the Company subject to the terms of the Employment Agreement.
Sample 1
Time-Vested Restricted Shares. In connection with the annual grants described above, Time-Vested Restricted Shares constituting 160,000 shares of Common Stock shall be granted in each year to the Executive. Except as otherwise provided for in this Agreement, each such grant shall vest in three installments with one-half of such Time-Vested Restricted Shares vesting on the second anniversary of the date of such grant, and one-quarter of same on each of the third and fourth anniversaries of the date of such grant, subject to Section 6(d).
Sample 1
Time-Vested Restricted Shares. Subject to the terms and conditions of Sections 3(c), 3(d) and 4 hereof, Grantee's right to receive the Time-Vested Restricted Shares covered by this agreement shall become nonforfeitable to the extent of (i) one-half (1/2) of the Time-Vested Restricted Shares covered by this agreement after Grantee shall have been in the continuous employ of the Company or a subsidiary for two full years from the Date of Grant, and (ii) an additional one-
Sample 1
Time-Vested Restricted Shares. Award Value: • One-third (1/3) of the grant date value of total LTI grant will be provided in time-based RSA’s. • The target number of shares is calculated as: Target estimated grant date value of total LTI grant ÷ 3 ÷ the closing stock price on August 31, 2017, rounded down to the nearest full share.
Sample 1
Time-Vested Restricted Shares. In connection with the annual grants to be made in each of years 2005, 2006 and 2007, Time-Vested Restricted Shares constituting 125,000 shares of Common Stock shall be granted in each year to the Executive. Except as otherwise provided for in this Agreement, fifty percent (50%) of all Time-Vested Restricted Shares granted pursuant to this Section shall vest on the second (2nd) anniversary of the date of grant, and the remaining fifty percent (50%) shall vest in equal installments of one-eighth (1/8th) of such Time-Vested Restricted Shares on the last day of each of the eight (8) consecutive calendar quarters ending following the second (2nd) anniversary of the date of grant, all based on the continued employment of the Executive through such respective dates.
Sample 1

Related to Time-Vested Restricted Shares

  • Forfeiture of Restricted Shares Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • 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 Share Units The Company hereby grants to the Participant [ ].00 restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.

  • Grant of Restricted Shares (a) The Company hereby grants to the Grantee an award (the “Award”) of shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

  • Restricted Shares Employee hereby accepts the Restricted Shares when issued and agrees with respect thereto as follows:

  • Forfeiture of Restricted Stock Units Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”

  • Forfeiture of Restricted Stock Upon the termination of your employment by you, the Company or its Subsidiaries for any reason other than those set forth in Section 4 hereof prior to such vesting, in addition to the circumstance described in Section 9(a) hereof, any and all Shares of Restricted Stock which have not become vested in accordance with Section 3, 4 or 5 hereof shall be forfeited and shall revert to the Company.

  • Issuance of Restricted Shares (a) The Restricted Shares are issued to the Recipient, effective as of the Grant Date (as set forth on the cover page of this Agreement), in consideration of employment services rendered and to be rendered by the Recipient to the Company.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

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