Subsequent Grants. Subsequent grants will be processed in accordance with the requirements set forth in this part. The initial and subsequent grants made to complete a previously approved project must com- ply with the maximum grant require- ments set forth in§ 1784.8(f) of this part.
Subsequent Grants. Subject to the discretion of the Board of Directors, Executive shall be eligible to receive future grants of stock options or purchase rights from time to time in the future, on such terms and subject to such conditions as the Board shall determine as of the date of any such grant.
Subsequent Grants. Upon the occurrence of each of the following events occurring (x) any time during Xxxxxx’x term of service, or (y) within twelve (12) months after the effective date of the termination of Xxxxxx’x service other than by Xxxxxx’x involuntary resignation or for Cause, the Company will issue to Xxxxxx the cumulative number of shares of common stock (the “Subsequent Grants”):
Subsequent Grants. On January 1 of each of 2015, 2016, 2017 and 2018, if the Participant has remained in continuous Service until that date (each such date, a “Subsequent Grant Date”), the Company shall grant to the Participant 75,000 Units (each group of Units so granted, the “Subsequent Units”). Except as provided in Section 6, each group of Subsequent Units granted on a Subsequent Grant Date shall become vested and nonforfeitable (i) in installments over three years following the grant thereof in proportions substantially similar to those contained in Section 2(a) hereof and (ii) contingent on the Company’s satisfaction of the performance hurdles as determined by the Company’s Board of Directors at the time of grant thereof. Any Subsequent Units shall be evidenced by an agreement in form and substance as reasonably determined by the Company’s Board of Directors.
Subsequent Grants. Upon the occurrence of each of the following events occurring (x) any time during the Executive’s term of service, or (y) within 12 months after the effective date of the termination of the Executive’s service other than by the Executive’s voluntary resignation or for Cause, the Company will issue to the Executive the cumulative number of shares Common Stock (the “Subsequent Grants”):
Subsequent Grants. On the first business day of 2008 and 2009, subject in the case of 2009 to Executive’s continued employment with the Company through such date, the Company granted or shall grant to Executive, as applicable, under the Equity Plan, a number of shares of Restricted Stock with a Fair Market Value of $500,000 (any such grant, a “Subsequent EBITDA Performance-Vesting Restricted Stock Grant”). Each Subsequent EBITDA Performance-Vesting Restricted Stock Grant is or shall be, as applicable, set forth in a Restricted Stock Agreement. As of December 31, 2009, a 0-100% percentage of the shares subject to the Subsequent EBITDA Performance-Vesting Restricted Stock Grant specified (or certified) by the Compensation Committee shall vest and all Restrictions thereon shall lapse, if (and only if) (1) the Company has attained (with a target of 50%) the annual EBITDA growth goals for the first year following the date of the grant (such EBITDA growth goals determined with respect to any Subsequent EBITDA Performance-Vesting Restricted Stock Grant, “Subsequent EBITDA Performance Goals” and, together with the Initial EBITDA Performance Goals, the “EBITDA Performance Goals” and, together with the TSR Performance Goals, the “Performance Goals”) and (2) Executive remains continuously employed with the
Subsequent Grants. During the term of the Plan, an Eligxxxx Xxrector who has been a Director for at least six months before the date of an annual meeting of shareholders (not including the annual meeting held in calendar year 1995), automatically shall be granted, as of the date of such annual meeting, an additional Option to purchase 10,000 shares of Common Stock. A Participant may hold more than one Option under the Plan.
Subsequent Grants. Within 30 days of each of the first anniversary and the second anniversary of the Effective Date, or if the Effective Time occurs during the two-month period prior to March 3, 2003, within 30 days after each such anniversary, subject to the approval of the Trustees, provided the Executive is still employed by the Company on each applicable anniversary, the Executive will receive a grant of restricted shares (the "Restricted Shares") pursuant to the Plan, with a value equal to at least $5,500,000, based on the Fair Market Value on the date of the applicable grant. The number of Restricted Shares granted shall be determined by dividing $5,500,000 by the Fair Market Value on the date of the applicable grant. Such Restricted Shares shall vest in equal installments on each of the first three (3) anniversaries of the date of grant, provided the Executive is still employed by the Company on each applicable anniversary. All other terms and conditions of the Restricted Shares will be governed by the Plan. Upon a termination of employment of the Executive by the Company without Cause or by the Executive for Good Reason or by reason of his death or Disability, the Restricted Shares shall immediately vest. To the extent any such grant of Restricted Shares is not approved by the Trustees or would violate rules and regulations under the Plan or applicable law, the Executive will receive a cash bonus equal to such excess amount. The Cash Bonus, if any, will be paid in equal installments on each of the first three (3) anniversaries of the date of grant, provided the Executive is still employed by the Company on each applicable anniversary. Upon a termination of employment of the Executive by the Company without Cause or by the Executive for Good Reason, the Cash Bonus shall immediately vest and be payable.
Subsequent Grants. On the first business day of each of 2008 and 2009, subject, in the case of 2009, to Executive’s continued employment with the Company through such date, the Company granted or shall grant to Executive, as applicable, under the Equity Plan, RSUs covering shares of Company common stock with a with a Fair Market Value of $500,000 (any such grant, a “Subsequent Time-Vesting RSU Grant”). Each Subsequent Time-Vesting RSU Grant is or shall be, as applicable, set forth in a RSU Agreement and shall vest, subject to Executive’s continued employment with the Company through each vesting date and the other provisions of this Agreement, (i) with respect to the 2008 Subsequent Time-Vesting RSU Grant, as to 23/36ths of the shares subject thereto on December 31, 2009 and as to 1/36th of the shares subject thereto on each monthly anniversary of the grant date thereafter, and (ii) with respect to the 2009 Subsequent Time-Vesting RSU Grant, as to 11/36ths of the shares subject thereto on December 31, 2009 and as to 1/36th of the shares subject thereto on each monthly anniversary of the grant date thereafter, in each case, such that the Subsequent Time-Vesting RSU Grant shall have vested as to all shares subject thereto as of the third anniversary of the applicable grant date. Shares of Company common stock shall be delivered in respect of RSUs vesting in accordance with this Section 1(b)(v)(B)(2) on or as soon as practicable after the third anniversary of the grant date of such RSUs, but in no event more than fifteen days after such third anniversary, with the exact payment date to be determined by the Company in its sole discretion.
Subsequent Grants. On the first business day of each of 2008 and 2009, subject, in the case of 2009, to Executive’s continued employment with the Company through such date, the Company granted or shall grant to Executive, as applicable, under the Equity Plan, RSUs covering shares of Company common stock with a Fair Market Value of $500,000 (any such grant, a “Subsequent TSR Performance-Vesting RSU Grant”). Each Subsequent TSR Performance-Vesting RSU Grant is or shall be, as applicable, set forth in a RSU Agreement. Subject to Executive’s continued employment with the Company through the end of the third calendar year following the date of grant (inclusive of the year in which the grant is made) and the other provisions of this Agreement, on the last day of such third calendar year following the date of grant, a 0-100% percentage of the Subsequent TSR Performance-Vesting RSU Grant shall vest based on the Company’s total share return performance compared to that of certain peer companies for such three-year period, as specified below (such performance goals determined with respect to any Subsequent TSR Performance-Vesting RSU Grant, “Subsequent TSR Performance Goals” and, together with the Initial TSR Performance Goals, the “TSR Performance Goals”). Shares of Company common stock shall be delivered in respect of RSUs vesting in accordance with this Section 1(b)(v)(C)(2) on December 31, 2010 in respect of the 2008 grant and December 31, 2011 in respect of the 2009 grant.
