Examples of Restricted Stock Award in a sentence
As a condition to the grant and, if applicable, vesting of the Restricted Shares, the Participant shall satisfy the corresponding tax obligation by remitting cash to the Company in an amount equal to the required withholding taxes in respect of the Restricted Stock Award.
By signing the cover page of this Agreement or otherwise accepting this Restricted Stock Award Agreement in a manner approved by the Company, you agree to all the terms and conditions contained in this Agreement and in the Plan.
As a condition to the Restricted Stock Award, the Participant shall make a timely and valid election under Section 83(b) of the Code to include in gross income, for federal income tax purposes, the fair market value of the Restricted Shares as of the Date of Grant, rather than as of the date or dates upon which the Participant would otherwise be taxed under Section 83(a) of the Code.
Pursuant to Section 9 of the Plan, the Company hereby issues to the Participant on the Date of Grant the Restricted Stock Award consisting of, in the aggregate, 32,960 shares of Common Stock (hereinafter referred to as the “Restricted Shares”) having the rights and subject to the restrictions and other terms and conditions set out in this Agreement, the Plan and the Stockholders’ Agreement.
RESTRICTED STOCK AWARD AGREEMENT Pursuant to the Restricted Stock Award Grant Notice (the “Grant Notice”) to which this Restricted Stock Award Agreement (the “Agreement”) is attached, Pharmacyclics, Inc., a Delaware corporation (the “Company”) has granted to Participant the right to receive the number of shares of Restricted Stock under the 2004 Incentive Award Plan, as amended from time to time (the “Plan”), as set forth in the Grant Notice.