Grants of Restricted Stock. From time to time in its discretion, Eclipsys may grant and issue to Recipient shares of Eclipsys's common stock that are subject to the restrictions described in, and other provisions of, this Agreement (the "Restricted Stock"). No grants of Restricted Stock are promised by this Agreement. Each grant of Restricted Stock will be documented by a written notice delivered by Eclipsys to Recipient (a “Grant Notice”) stating: (i) that the Restricted Stock described therein is subject to this Agreement, (ii) the number of shares of Restricted Stock subject to the grant, (iii) the schedule and any other conditions for vesting of the Restricted Stock, and (iv) such other terms and conditions applicable to the Restricted Stock as Eclipsys may determine. As a condition to each grant of Restricted Stock, Recipient is required to pay to Eclipsys $.01 by cash or check for each share of Restricted Stock (the "Acquisition Consideration").
Grants of Restricted Stock. The Board of Directors may grant a Participant an award of Restricted Stock subject to such terms and conditions as the Board of Directors deems appropriate, including, without limitation, restrictions on the pledging, sale, assignment, transfer or other disposition of such shares and the requirement that the Participant forfeit all or a portion of such shares back to the Company upon termination of employment.
Grants of Restricted Stock. (a) Employee shall continue to be eligible to participate in Employer’s 2021 incentive stock plan (For Restricted Stock Bonus Awards) (the “Plan”) on the same terms as are generally available to executive officers of Employer and on terms which are in accordance with comparative market practices. The restricted shares of Employer’s common stock granted to Employee pursuant to the Prior Employment Agreement that are unvested as of the Start Date shall continue to vest in accordance with their existing terms.
Grants of Restricted Stock. The title of Section 6 shall be changed to “Stock Options/Restricted Stock”. Section 6 shall be deleted in its entirety and replaced with the following:
Grants of Restricted Stock. Subject to the terms and conditions contained in this Agreement, the Notice of Grant applicable to the Award and the Plan, the Company may, from time to time in its discretion, grant you Restricted Stock. The Shares issued pursuant to an Award of Restricted Stock will be registered in your name. The Shares will be evidenced by one or more certificates delivered to and deposited with the Secretary of the Company as escrow agent or, at the discretion of the Company, may be held in a restricted book entry account in lieu of issuing a certificate or certificates. Such certificates or such book entry shares are to be held by the escrow agent until the Restricted Stock vests, at which time the escrow agent will release the vested Shares; provided, however, that a portion of the Shares may be surrendered in payment of required withholding taxes in accordance with Section 8(b) below, unless alternative procedures for the payment of required withholding taxes are established by the Company.
Grants of Restricted Stock. (a) Employee shall continue to be eligible to participate in Employer’s 2007 Incentive Stock Plan (For Restricted Stock Bonus Awards) (the “Plan”) on the same terms as are generally available to executive officers of Employer and on terms which are in accordance with comparative market practices. Subject to the terms and conditions of the 2007 Stock incentive Plan, effective April 1, 2016, Employee will be granted 5,000 restricted shares of Employer common stock. These shares will vest by March 31, 2017, if Employer achieves budgeted pre-tax net income of US$13 million or more in 2016. In addition, the restricted shares of Employer common stock granted to Employee pursuant to the employment agreement between Employer and Employee dated as of August 13, 2014 (the “2014 Employment Agreement”) that are unvested as of the Start Date shall continue to vest in accordance with the terms of the 2014 Employment Agreement.
Grants of Restricted Stock. (a) The Company may grant Restricted Stock or Rights to receive Restricted Stock to Eligible Directors and Eligible Employees as provided in this Article IV. Shares of Restricted Stock, or Rights thereto, will be deemed granted only upon (i) authorization by the Committee and (ii) the execution and delivery of a Restricted Stock Agreement by the Eligible Director or Eligible Employee to whom such Restricted Stock is to be issued (the "Holder") and a duly authorized officer of the Company. Restricted Stock will not be deemed to have been granted merely upon authorization by the Committee. The aggregate number of shares of Restricted Stock potentially acquirable under all Rights to acquire Restricted Stock shall not exceed the total number of shares of Stock in the Plan Pool, less all shares of Stock potentially acquirable under, or underlying, all other Rights outstanding under this Plan.
Grants of Restricted Stock. The Company shall award Executive 625,000 restricted shares of common stock of the Company (the “Time Vesting Restricted Shares”), which shall vest as follows: (1) 312,500 shall equally vest in 25% increments on the anniversary date of the Effective Date over the next four years; (2) 52,083 shall vest based upon the Company first achieving a market capitalization of $75,000,000 ($75 million) for 30 consecutive trading days; 52,083 shall vest based upon the Company first achieving a market capitalization of $100,000,000 ($100 million) for 30 consecutive trading days; 52,084 shall vest based upon the Company first achieving a market capitalization of $150,000,000 ($150 million) for 30 consecutive trading days ; and (3) 52,083 shall vest based upon the Company’s EBITDA first being equal to or greater than $10,000,000 ($10 million) at the end of a fiscal year; 52,083 shall vest based upon the Company’s EBITDA first being equal to or greater than $15,000,000 ($15 million) at the end of a fiscal year; 52,084 shall vest based upon the Company’s EBITDA first being equal to or greater than $25,000,000 ($25 million) at the end of a fiscal year. Vesting under clauses (2) and (3) shall require certification by the Compensation Committee that such performance goals have been met and shall occur on the date of such certification.
Grants of Restricted Stock. The Company hereby waives any option to repurchase all shares of restricted stock granted to Executive under the Stock Agreements, for which the Company's option to repurchase would expire on or before February 6, 2003 (the "Executive's Shares"). The Executive's Shares are summarized in the table attached hereto as Attachment A. The Executive's Shares shall be delivered to Executive on the eighth (8th) day following Executive's execution of this Agreement, provided that Executive does not revoke the Agreement. Executive understands and agrees that the Company shall be deemed to have exercised its option to repurchase all shares of restricted stock for which the Company's option to repurchase will not have expired on or before February 6, 2003.
Grants of Restricted Stock. (a) Restricted Stock may be issued to Eligible Employees as provided in this Article IV. Restricted Stock will be deemed issued only upon (i) authorization by the Committee and (ii) the execution and delivery of a Restricted Stock Grant Agreement by the Eligible Employee to whom such Restricted Stock is to be issued (the "Holder") and a duly authorized officer of the Company. Restricted Stock will not be deemed to have been issued merely upon authorization by the Committee.
