Examples of Stock Grant Award in a sentence
A Stock Grant Award may be granted or sold as described in the preceding sentence in respect of past services or other valid consideration, or in lieu of any cash compensation due to such Participant.
The purchase price, if any, for a Stock Grant Award shall be payable in cash or other form of consideration acceptable to the Committee.
The Company participates in several non-contributory defined benefit pension plans sponsored by Citigroup covering certain U.S. employees and has various defined benefit pension and termination indemnity plans covering employees outside the U.S. The Company also participates in a number of non-contributory, nonqualified pension plans.
A Stock Grant Award grants the Participant the right to receive (or purchase at such price as determined by the Committee) a designated number of shares of Stock free of any vesting restrictions.
Any purchase price for a Stock Grant Award shall be payable in cash or other form of consideration acceptable to the Committee.