Grant definition
Examples of Grant in a sentence
Capitalized terms used herein without definition shall have the meanings assigned to them in the Plan, as in effect on the Date of Grant.
The waiver by NIL of any provision of this Restricted Stock Grant shall not operate as, or be construed to be, a waiver of the same or any other provision of this Restricted Stock Grant at any subsequent time for any other purpose.
The number of shares awarded under this Restricted Stock Grant is _________ (the “Award”).
Before NIL removes restrictions on transfer from the Account or delivers a certificate for Common Shares issued or transferred pursuant to this Restricted Stock Grant that bears no legend or otherwise delivering shares free from restriction, Grantee shall be required to pay to NIL or to NII the amount of federal, state or local taxes, if any, required by law to be withheld (“Withholding Obligation”).
Other than as set forth in this Paragraph, and notwithstanding anything to the contrary in this Agreement, there shall be no cap on the grant amount to be paid in any Grant Year.