PRGS definition

PRGS. PRG-▇▇▇▇▇▇▇ INTERNATIONAL, INC., By: ▇▇▇▇ ▇. ▇▇▇▇ Date: 2/14/05 --------------------------------- Title: Chairman & CEO Address: ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇, Executive Vice President-Human Resources EXHIBIT A JOB DESCRIPTION EXHIBIT A TO CHANGE OF CONTROL AND RESTRICTIVE COVENANT AGREEMENT OF ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Position: Executive Vice President, U. S. Operations Duties, Responsibilities and Authority: - Reports to Chairman/CEO or other senior-most executive. - Overall responsibility for domestic (U.S.) accounts payable businesses. - Member of Executive Committee. EXHIBIT B STOCK AWARD YOUR NAME: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ TOTAL NO. OF SHARES: 40,000 PRGX RESTRICTED STOCK AWARD AGREEMENT (THE "AGREEMENT") PRG-▇▇▇▇▇▇▇ INTERNATIONAL, INC. ("PRGX") is pleased to grant to the person named above (referred to as "you" or "Grantee") the restricted stock award described below ("Stock Award"), pursuant to this Agreement, the PRG-▇▇▇▇▇▇▇ International, Inc. Stock Incentive Plan (the "Plan"), and the Change of Control and Restrictive Covenant Agreement between PRG-▇▇▇▇▇▇▇ USA, Inc. ("USA"), a wholly owned subsidiary of PRGX, and you, and of which this Agreement is a part (the "2005 Restrictive Covenant Agreement"). GRANT DATE: FEBRUARY 14, 2005 MARKET PRICE ON GRANT DATE: $ 4.95 TOTAL NUMBER OF SHARES GRANTED: 40,000 START DATE FOR VESTING SCHEDULE: FEBRUARY 14, 2005 VESTING SCHEDULE: Subject to the terms of the Plan and the 2005 Restrictive Covenant Agreement, the Stock Award shall vest in accordance with the following schedule:
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Examples of PRGS in a sentence

  • The prorated base salary and severance payments will be paid in accordance with PRGS' normal payroll procedures.

  • Executive acknowledges and agrees that execution of this Agreement will also constitute Executive's acceptance of a restricted stock award of 40,000 shares of the Common Stock of PRGS, the terms and conditions of which are set forth on Exhibit B attached hereto and incorporated herein.

  • The prorated base salary will be paid in accordance with PRGS' normal payroll procedure and the prorated bonus will be paid in a lump sum within ninety (90) days after the end of the year to which it relates.

  • In the event of any stock split, stock dividend, or similar adjustment in the number of outstanding shares of Common Stock of PRGS, then the base prices of $[***] to $[***] that are set forth above and that are used to determine the amount of the Transaction Success Fee shall be equitably adjusted to reflect such split, dividend, or similar adjustment and the base numbers of $[***] and $[***] set forth in (ii)(1)-(2) above shall also be equitably adjusted.

  • In the event of any stock split, stock dividend, or similar adjustment in the number of outstanding shares of Common Stock of PRGS, then the base prices of $7.00 to $11.00 that are set forth above and that are used to determine the amount of the Transaction Success Fee shall be equitably adjusted to reflect such split, dividend, or similar adjustment and the base numbers of $7.00 and $4.00 set forth in (ii)(1)-(2) above shall also be equitably adjusted.

  • USA provides services to all of the subsidiaries and affiliates of PRGS.

  • Applicable Limit Price: On any day, the opening price as displayed under the heading “Op” on Bloomberg page PRGS <equity> (or any successor thereto).