Federal Grant Sample Clauses

Federal Grant. An award of financial assistance by the Federal government. (Federal Aid Highway Program is considered a grant program.)
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Federal Grant. Seller’s assignment to Buyer of all right, title and interest in and to the Federal Grant (as defined below), such that Buyer shall have (i) the sole and exclusive right to direct, control, and manage the Federal Grant and all communications to third parties related thereto (except for such filings that Seller is required to disclose by law or in connection with the dissolution of Seller, in which case Seller will obtain Buyer’s prior written consent prior to making such filings, which consent shall not be withheld unreasonably), and (ii) all right, title and interest in and to any and all advances, receivables, disbursements or payments relating to or arising under the Federal Grant in connection with services rendered or payments made by Parent, Buyer or any of its Contractors on or after the Closing Date (the “Receivables”), including, without limitation, the Receivables listed on Schedule 1.1(a);
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Federal Grant. If the Closing occurs, the Buyer will sell the Property to Big Sky Economic Development Authority, a Montana local port Authority (“Big Sky EDA”). Big Sky EDA is applying for a grant (the “Grant”) from the United States Economic Development Administration (the “US EDA”) for funds to defray the expense of buying and improving the Property (the “Grant Funds”). The Grant application will include a budget estimating the expenses Big Sky EDA will incur to complete improvements on the Property, prepare it for occupancy, and move its business to the Property (the “Improvement Budget”). If the US EDA does not award the Grant to Big Sky EDA, the Buyer: (1) will notify the Seller within ten days after Big Sky EDA receives a formal denial letter from the US EDA (the date of that letter, the “Denial Date”); and (2) may terminate this Agreement within 30 days after the Denial Date. If the US EDA awards the Grant to Big Sky EDA, the Buyer will notify the Seller within ten days after Big Sky EDA receives a formal award letter from the US EDA (the date of that letter, the “Award Date”). If the Grant Funds are less than the amount of the Grant request, the Buyer will cause Big Sky EDA to explore reducing the Improvement Budget. The Buyer may terminate this Agreement within 30 days after the Award Date if Big Sky EDA concludes that due to the reductions the Property will not meet its needs.
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Related to Federal Grant

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 16% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee employment concludes on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment date. In the way of example, if Employee has been employed for 18 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 50% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will Employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Stock Grant Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee’s employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of common stock then subject to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded.

  • Restricted Stock Unit Grant In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted promptly following the Commencement Date, under the Stock Plan, an award of 14,063 restricted stock units to be settled in shares of the common stock of ART (the “Restricted Stock Units”), subject to the approval of the Compensation Committee of the Board of Directors of ART. Such award shall be governed by the Stock Plan and a restricted stock unit award agreement between the Executive and ART. Subject to terms of the Stock Plan and the award agreement for the Restricted Stock Units, the Restricted Stock Units shall vest in equal one-third (1/3) installments on the second, third and fourth anniversaries of the date of grant of such award, subject to the Executive’s continuous employment with the Company from the date of grant of such award through such vesting dates, except as otherwise provided in Section 7(b).

  • Date of Grant The date that the Option is granted (the “Date of Grant”) is set forth above.

  • Grant Date The Grant Date of the Option hereby granted is .

  • Restricted Stock Units Subject to Plan This Agreement is subject to the Plan as approved by the Company’s shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

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