SOP Stock definition

SOP Stock means rights to receive unvested shares of Stock selected by the Committee in its sole discretion and awarded to the Participant under the Jones Lang LaSalle Incorporated Amended and Restated Stock Award and Incentive Plan, as it may be amended from time to time.
View Source

Examples of SOP Stock in a sentence

  • The respective restrictions imposed upon ------------------- the SOP Stock and the Option Stock pursuant hereto, and pursuant to applicable securities laws, or otherwise, will be referenced in a "legend" to be placed upon the stock certificate(s) evidencing the SOP Stock and the Option Stock (the "Stock Certificates").

  • Concurrently with the execution of this ------------------- Agreement, and in consideration of the Option Agreement, the Company shall issue to Buyer One Million (1,000,000) shares of Common Stock (the "SOP Stock") subject to the terms, conditions, restrictions and limitations of this Agreement.

  • Concurrent with the execution of this -------------------- Agreement, the Company shall issue the SOP Stock and the Option Stock to Buyer by executing and delivering a Stock Certificate in the name of Buyer which evidences ownership of the SOP Stock and the Option Stock, containing the respective Restrictive Legend(s) on each of the SOP Stock and the Option Stock, and noting such ownership on the stock register of the Company.

  • In order to enforce the Market Stand-Off, the Company may impose stop transfer instructions with respect to the SOP Stock and the Option Stock.

  • The SOP Stock and the Option Stock have not been registered under the Act.

  • The SOP Stock and the Option Stock may not be sold or transferred in the absence of effective registration under the Act and such State laws as may apply, and an opinion of counsel acceptable to the Company that such registration is not required.

  • Until the IPO, the Buyer will only vote the number of shares of the SOP ----- Stock equal to the number of shares of Common Stock issued as a result of exercises of stock options granted under the SOP ("Pre IPO Newly Issued Common Stock") outstanding at the time of such vote, and Buyer shall not be entitled to any dividends or distributions with respect to any other shares of the SOP Stock.

  • The SOP Stock and the Option Stock, ------------------------ when issued, sold, and delivered in accordance with the terms of this Agreement, shall be duly and validly issued, fully paid, and nonassessable.

  • The redemption of shares of the SOP Stock under this paragraph 1.6 shall be consummated by delivery of written notice by the Company to Buyer, including the number of shares to be redeemed (the "Redemption Notice").

  • The issuance and delivery of the SOP Stock and the ------- Option Stock (the "Closing") shall take place concurrently with the execution of this Agreement (the "Closing Date").

Related to SOP Stock

  • Company Stock means, collectively, the Company Common Stock and the Company Preferred Stock.

  • Plan Shares means shares of Common Stock held in the Trust and issued or issuable to a Recipient pursuant to the Plan.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • Employer Stock means securities of the Employer which constitute "qualifying employer securities" with respect to the Plan within the meaning of Section 407 of ERISA.