Section 16 Grantee definition

Section 16 Grantee means a person subject to potential liability with respect to equity securities of the Company under Section 16(b) of the 1934 Act.
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Section 16 Grantee means a person who is subject to potential liability under Section 16(b) of the 1934 Act with respect to transactions involving equity securities of the Company.
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Section 16 Grantee means an individual subject to potential liability under Section 16(b) of the 1934 Act with respect to transactions involving equity securities of the Company.
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Examples of Section 16 Grantee in a sentence

  • Any surrender by a Section 16 Grantee of previously owned shares of Common Stock to satisfy tax withholding arising upon exercise of the Award must comply with the applicable provisions of Rule 16b-3(e) under the 1934 Act.

  • Except in the case of a Reload Option granted to a Section 16 Grantee, the grant of a Reload Option shall not reduce the number of shares of Stock available for other Awards.

  • Any surrender by a Section 16 Grantee of previously owned shares of Common Stock to satisfy tax withholding arising upon exercise of the Award must comply with the applicable provisions of Rule 16b-3(e).

  • In the event Grantee fails to comply with any of the provisions of this Section 16, Grantee shall repay to the Company any prior settlement of Restricted Stock Units subject to this Agreement and will forfeit any unvested Restricted Stock Units covered by this Agreement.

  • This limitation shall not apply if the Section 16 Grantee dies or incurs a mental or physical disability which, in the opinion of the Committee, renders the Section 16 Grantee unable or incompetent to carry out the job responsibilities which such Section 16 Grantee held or the tasks to which such Section 16 Grantee was assigned at the time the disability was incurred, and which is expected to be permanent or of an indefinite duration.

  • It is specifically and expressly understood that, solely to the extent required to enforce the indemnification, defense and hold harmless obligations contained in this Section 16, Grantee waives its immunity under RCW Title 51; provided, however, the foregoing waiver shall not in any way preclude Grantee from raising such immunity as a defense against any claim brought against Grantee by any of its employees.

  • Subject to Sections 4.2(f), 7.4, and 7.5 and such terms and conditions as the Committee may impose, each Option shall be exercisable in cumulative annual increments of twenty percent (20%) commencing on the first anniversary of the Grant Date of such Option; provided, however, that with respect to any Section 16 Grantee, no shares issued upon exercise of any Option granted pursuant to the Plan may be sold prior to six months from the Grant Date of such Option.

  • Provided, however no distribution under the Plan shall be made to a Participant who is a Section 16 Grantee as a result of a Change in Control of the Company until six (6) months from the date on which the Units were granted to the Participant.

  • Notwithstanding the foregoing, (a) a Change of Control shall be deemed not to have occurred with respect to any Section 16 Grantee if such Section 16 Grantee is, by agreement (written or otherwise), a participant on such Section 16 Grantee's own behalf in a transaction which causes the Change of Control to occur and (b) an IPO shall not be deemed to be a Change of Control.

  • Subject to Article 15, no option shall be exercisable by a Section 16 Grantee during the first six months after its Grant Date, if such exercise (or the sale of shares received upon exercise) would result in the loss of an exemption for a grant under Section 16(b) of the 1934 Act.


More Definitions of Section 16 Grantee

Section 16 Grantee means an individual subject to potential liability under
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Section 16 Grantee or “Section 16 Grantees” or means a person or persons subject to potential liability under Section 16(b) of the Exchange Act with respect to transactions involving equity securities of the Company.
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Section 16 Grantee means a person subject to potential liability under Section 16(b) of the Exchange Act with respect to transactions
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Section 16 Grantee means a person subject to potential liability under Section 16(b) of the Exchange
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Related to Section 16 Grantee

  • Sub-Grantee means a person or organization contracted by a Subrecipient that is compensated with CRF funds to provide administration of any portion of the CRF.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Section 162(m) Award means a Performance Award granted under Section 6(k)(i) to a Covered Employee that is intended to satisfy the requirements for “performance-based compensation” within the meaning of Section 162(m).

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Awardee means the holder of an outstanding Award.

  • Section 16 Participants means Participants who are subject to the provisions of Section 16 of the Exchange Act.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Grantee means the Party receiving funds under this Contract. May also be referred to as "Contractor" in certain attachments.

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Award Recipient means the person, entity or entities that are to receive or have received grant funds through an award from the Illinois State Board of Education. The terms "grantee" and "award recipient" may be used interchangeably.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Section 16 Insider means an officer or director of the Corporation subject to the short-swing profit liabilities of Section 16 of the 1934 Act.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Section 16 Person means a person who, with respect to the Shares, is subject to Section 16 of the 1934 Act.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Restricted Share Award means an award of Restricted Shares.

  • Nonemployee Director means a Director who is not an Employee.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • Company Restricted Stock Award means each award with respect to a share of restricted Company Common Stock outstanding under any Company Stock Plan that is, at the time of determination, subject to forfeiture or repurchase by the Company.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • the award , except in sub-paragraph (2), means—

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.