Initial Grant definition

Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to subsection 6(a) of the Plan.

Initial Grant means an Option granted to a Non-Employee Director who meets the criteria specified in subsection 6(a) of the Plan.

Examples of Initial Grant in a sentence

In the event of a conflict between the Initial Grant Agreement and this Agreement, the terms of the Initial Grant Agreement shall control.
Subject to continued employment with the Company or any Affiliate or Subsidiary or as otherwise provided in Section 3, the additional PSUs shall vest and be settled at the same time and in the same proportion as the Initial Grant.
The terms of the Initial Grant, including the foregoing vesting schedule, shall be subject to the terms of the final option agreement which evidences the Initial Grant, which shall be attached hereto as Exhibit B (the “Initial Grant Agreement”).
In addition, the Company shall permit Executive or Executive’s estate or representative to exercise the vested stock option portion of the Initial Grant for a period of no less than one year after any such termination of employment.
The number of Performance RSUs that shall vest shall be equal to a number of Performance RSUs that is between 0% and 200% of the Initial Grant Number, up to a maximum of 100% of the Initial Grant Number if the Company’s TSR is negative.

Initial Grant has the meaning set forth in Section 4(c).

Initial Grant means a Stock Award granted to a Non-Employee Director who meets the specified criteria pursuant to Section 7(a) of the Plan.

Initial Grant means an Option granted to a Non-Employee Director pursuant to Section 5(a).

Initial Grant means a grant of shares of Restricted Stock to a Non-Employee Director in accordance with Section 4 of this Plan.

Initial Grant means the first grant awarded to an appli- cant for a given project.

Initial Grant means an Option granted to an Eligible Director who meets the specified criteria pursuant to Section 7(b)(i).

Initial Grant means an Option granted pursuant to section 6(a) of the Plan.