Stock Award definition
Examples of Stock Award in a sentence
Equity Incentive Plan (as may be amended from time to time, the “Plan”) and a Restricted Stock Award Agreement to be entered into between Contractor and the Company.
This Section 5 shall specify the effect of a Change of Control upon this Restricted Stock Award Agreement.
The Company reserves the right to recover a Restricted Stock Award payout pursuant to this Section 7 by (i) seeking recovery of the vested shares from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation program to the extent permitted by applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions.
The vesting schedule and all other terms and conditions applicable to the Restricted Stock Award shall be as set forth in the Plan and the applicable Restricted Stock Agreement.