Stock Uplift definition
Stock Uplift means the additional number of shares of an Award that is intended to adjust the value of the Award for the restrictions placed upon the Restricted Stock.
Examples of Stock Uplift in a sentence
If the employment of a Participant is terminated by the Company other than for Cause prior to full vesting of any outstanding Award: (I) any unvested portion of a Stock Uplift included in such Award will be immediately forfeited (applying the shares covered by the Stock Uplift on a pro-rata basis over the vesting period); and (ii) any unvested portion of the remainder of the Award shall be immediately vested and payable.