Effective Date Grant definition

Effective Date Grant means the grant of the equity awards under the MIP by the New Board upon adoption of the MIP immediately after the Effective Date, as described in the Restructuring Term Sheet.
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Effective Date Grant means the Options granted to selected covered Participants pursuant to Article 12. Each Effective Date Grant is intended to qualify as "performance-based compensation" under Code Section 162(m).
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Examples of Effective Date Grant in a sentence

  • Reference is made to the following stock option awards previously made to Executive under the Company's Stock Incentive Plan (including any successor, the "Stock Incentive Plan") which were outstanding as of the Effective Date: Grant Nos.

  • The following options will become vested and exercisable as of the Effective Date: Grant Date ▇▇▇▇▇ ▇▇▇▇▇ No. of Options with Accelerated Vesting 9/12/03 $31.53 30,000 9/17/04 $34.22 72,000 9/16/05 $34.47 117,000 9/08/06 $34.01 140,000 All stock options not vested on the Effective Date will be canceled.

  • The value of any equity awards that are made in the form of stock options on or after the Effective Date, including the Effective Date Grant, shall be determined based on the Black-Scholes method.

  • Subject to the terms and conditions hereof, the Company agrees to employ the Executive for a term commencing on August 1, 2002 (the "Effective Date") Grant Executive Employment Agreement 1 and continuing through August 1, 2004 (the "Employment Term"), unless otherwise set forth herein or renewed with the written agreement of both parties hereto before the expiration hereof.

  • Within thirty (30) days after the Effective Date, Grant funds will be used to reimburse ▇▇▇▇ Day for all costs and expenses ▇▇▇▇ Day has incurred in connection with the preparation of this Agreement and/or formation of Agency, including, without limitation, legal and other professional services.

  • Within two years of the Effective Date, Grant PUD shall, in consultation with the PRCC, develop a production program for sockeye based on the results of the research efforts described above.

  • All stock options granted on or after the Effective Date (including the Effective Date Grant) shall vest annually over four (4) years beginning on the first anniversary of the grant date.

  • The following stock option awards (which are in addition to the awards described at Section 3(c)(iii) of the Prior Agreement) outstanding as of the Effective Date: Grant Nos.

  • Effective at the close of business on the date hereof (the "Effective Date"), Grant shall resign from his position on the Board.

  • If you execute this Agreement and the Second Release and satisfy all conditions for them to become effective, and subject to Board approval, the Company agrees to partially accelerate the vesting of Grant No. 3 as if you had remained employed with the Company for twelve (12) months following the Resignation Date, such that, on the Second Release Effective Date, Grant No. 3 will be deemed to have vested as to 162,500 shares.