Share Grant definition

Share Grant means Shares awarded under the Plan.
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Share Grant means a grant of Shares under the Directors’ Stock Compensation Plan, which is subject to deferral hereunder and shall include (a) the annual grant of Shares pursuant to Section 5(i) of the Directors’ Stock Compensation Plan and (b) quarterly payments and meeting fees pursuant to Sections 5(ii) and 5(iii), respectively, of the Directors’ Stock Compensation Plan to the extent the director elects to receive such payments in Shares.
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Share Grant means an entitlement to receive new Shares at no cash consideration
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Examples of Share Grant in a sentence

  • The Executive hereby accepts the Performance Share Grant and agrees to the following restrictions and conditions.

  • Executive shall receive an annual Performance-Based Restricted Share Grant, which shall be subject to performance-based vesting criteria.

  • In the event of a Change in Control, the Performance Share Grant shall be deemed earned at the Target level, all restrictions on those Performance Shares shall immediately lapse and distribution of the Target level of Performance Shares shall be governed by the terms of the Plan.

  • The Executive shall not sell, exchange, transfer, pledge, hypothecate or otherwise dispose of this Performance Share Grant prior to the conclusion of the Performance Period and distribution of earned Performance Shares in accordance with Paragraph 1 of this Agreement.

  • The Employer and Executive acknowledge and agree that the restrictive covenants in Article V in this Agreement supersede and replace in their entirety the restrictive covenants in any Restricted Stock Share Grant Agreement between Orrstown and Executive entered into prior to the date of this Agreement.

  • The Committee shall determine the vesting schedule of each Share Grant.

  • The provisions of the Share Grant Agreements entered into under the Plan need not be identical.

  • Such additional Shares and any Shares received as a dividend pursuant to the Share Grant shall be subject to the same conditions and restrictions as the Share Grant with respect to which the dividends were paid.

  • Each Share Grant shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions that are not inconsistent with the Plan that the Committee deems appropriate for inclusion in the applicable Share Grant Agreement.

  • A Share Grant may be awarded in combination with NSOs, and such an Award may provide that the Share Grant will be forfeited in the event that the related NSOs are exercised.


More Definitions of Share Grant

Share Grant means an entitlement to receive new Shares at no cash consideration under the LTIP, and “Share Grants” shall be construed accordingly.
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Share Grant means the award of Shares made by the Scheme Committee to the Eligible Employee(s) under the Share Grant Scheme pursuant to the acceptance of the Share Grant Letter.
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Share Grant means an entitlement to receive new Shares at no cash consideration under the
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Share Grant means the grant of Shares not subject to risk of forfeiture or restrictions on transferability.
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Related to Share Grant

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Restricted Share Award means an award of Restricted Shares.