Stock Grant definition

Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

Stock Grant means Shares awarded under the Plan.

Stock Grant means a grant by the Company of Shares under the Plan.

Examples of Stock Grant in a sentence

• The definitive terms of the Restricted Stock Grant will be memorialized in a restricted stock agreement in accordance with the Plan, and the award of the restricted common stock contemplated herein shall be subject, in all respects, to Executive accepting the terms of the Company’s Incentive Program and the applicable restricted stock agreement and executing the same.

• This Deferred Stock Grant is fully vested and nonforfeitable at all times.

• All shares subject to the Restricted Stock Grant will be subject to vesting as follows: 25% of the Restricted Stock Grant shall vest on the first anniversary of the Start Date and the remaining 75% to vest in thirty-six (36) equal monthly installments over the subsequent three year period, subject to your joining the Company as Chief Medical Officer by the Start Date.

• The Committee shall cause periodic statements of account to be delivered to the Director, at such time or times as the Committee may determine in its sole discretion, showing the number of Deferred Shares then subject to this Deferred Stock Grant.

• The Restricted Stock Grant shall be (i) subject to all applicable blackout periods applicable to the Company and Bank policies, (ii) governed by the Plan, except as expressly set forth in this paragraph, (iii) vested pro rata over a three-year period following the Effective Date, and (iv) subject to acceleration of vesting on a Change of Control.

More Definitions of Stock Grant

Stock Grant means the award of a certain number of Shares granted under Section 13 below.

Stock Grant means a grant of shares of Common Stock accompanied by such restrictions as may be determined by the Committee under Section 7 of this Plan.

Stock Grant means the grant pursuant to the Plan of shares of Common Stock not subject to restrictions or other forfeiture conditions.

Stock Grant means a grant of unrestricted shares of Common Stock pursuant to Section 10.

Stock Grant means Shares that are awarded to a Grantee pursuant to Section 8 of the Plan.

Stock Grant means the award of a certain number of shares of Common Stock granted under Section 11 below.

Stock Grant means a grant of unrestricted shares of Common Stock pursuant to Article 5.