Grant 2 definition

Grant 2. On the second anniversary of this Agreement.
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Grant 2 means the license granted by STS to Licensee in Section 2.b. below.
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Grant 2. STS grants Licensee a worldwide, non-exclusive, royalty-free license under the Patent Rights, to use, sell, offer for sale and export, import and manufacture and have made Licensed Branded Products within the Non-Exclusive Field of Use subject to the following and to the terms and conditions outlined in this Agreement:
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Examples of Grant 2 in a sentence

  • The Stock Option Plan will provide that, without the approval of the shareholders of the Holding Company, the aggregate number of shares of Common Stock available to be issued at any time pursuant to the Stock Option Plan shall not exceed (i) with respect to the Associates Grant, 2% of Total Allocable Shares and (ii) with respect to the Executive Stock Option Program, 5% of Total Allocable Shares.

  • Grant 2 Options to purchase 43,333 shares of Employer’s common stock (“Grant 2”).

  • With regards to Grant 2, Licensee agrees that neither Licensee nor its Affiliates shall initiate any action against alleged infringers and that neither Licensee not its affiliates shall be entitled to recover damages for infringement from infringers.

  • Restricted Stock Grant 2 3.1 3.2 3.3 Form of Grant Minimum Number of Newly Acquired Shares Grant Date 2 2 2 4.

  • Grant 2 lots, in turn, provide for a vesting period of five years for the options to be exercised.

  • Grant 2 will vest over a period of 3 years, with one-third (1/3) vesting after twenty-four months of employment and the remainder on a quarterly basis thereafter, provided that the Executive is employed by the Employer as of each such Option vesting date.

  • The exercise price for each of the Stock Options subject to Grant 2 shall be at $1.78 per share.

  • For Grant 2, the cash flow metric for the first year of the three-year period, November 1, 2011 through October 31, 2012, but not any subsequent year, shall be deemed to have been achieved at no less than target level.

  • Subject to Executive still being an employee of Tully's on the applicable vesting date, the first one third (1/3) of the Stock Options subject to Grant 2 shall vest on May 13, 2003, the second one third (1/3) of the Stock Options subject to Grant 2 shall vest on May 13, 2004, and the final one third (1/3) of the Stock Options subject to Grant 2 shall vest on May 13, 2005.

  • The Restrictions on the Restricted Shares granted under this Agreement shall lapse ratably in accordance with the following schedule: (1) thirty-three and one-third percent (33-1/3%) upon the twelve-month anniversary of the Date of Grant; (2) thirty-three and one-third percent (33-1/3%) upon the twenty-four-month anniversary of the Date of Grant; and (3) thirty-three and one-third percent (33-1/3%) upon the thirty-six-month anniversary of the Date of Grant.


More Definitions of Grant 2

Grant 2 is specific to the Non-Exclusive Field of Use and does not grant any rights in the Patent Rights or any other patent rights to the Licensee except as specifically granted. A license to permit any other use of Patent Rights or any other patent rights owned or controlled by STS, whether solely or in combination with others, shall be retained by STS and must be negotiated separately.
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Related to Grant 2

  • Grant Agreement means the agreement entered into by the Parties, including the Signature Document, these Uniform Terms and Conditions, along with any attachments and amendments that may be issued by the System Agency.

  • Grant Letter means the letter dated March 2019 from the Commissioner to the Recipient which sets out supplementary information in relation to the Grant.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • Award Notice means the notice to the Participant.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Grant Notice means the notice provided to a Participant that he or she has been granted an Award under the Plan and which includes the name of the Participant, the type of Award, the date of grant of the Award, number of shares of Common Stock subject to the Award or potential cash payment right, (if any), the vesting schedule for the Award (if any) and other key terms applicable to the Award.

  • Award Agreement means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan.

  • Grant program means the primary care and psychiatry shortage grant program under this section.

  • Notice of Grant means a written or electronic notice evidencing certain terms and conditions of an individual Option grant. The Notice of Grant is part of the Option Agreement.

  • Date of Grant means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.

  • Grant Instrument means the written agreement that sets forth the terms and conditions of a Grant, including all amendments thereto.

  • RSU Award Agreement means a written agreement between the Company and a holder of a RSU Award evidencing the terms and conditions of a RSU Award grant. The RSU Award Agreement includes the Grant Notice for the RSU Award and the agreement containing the written summary of the general terms and conditions applicable to the RSU Award and which is provided to a Participant along with the Grant Notice. Each RSU Award Agreement will be subject to the terms and conditions of the Plan.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Other Award Agreement means a written agreement between the Company and a holder of an Other Award evidencing the terms and conditions of an Other Award grant. Each Other Award Agreement will be subject to the terms and conditions of the Plan.

  • Award Letter means a letter from a governmental or quasi-governmental agency (i.e. the Federal Home Loan Bank) stating that funds in a specific amount are awarded or are to be awarded to the Project in a specific time frame.

  • Other Stock Award Agreement means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant. Each Other Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • option-based award means an award under an equity incentive plan of options, including, for greater certainty, share options, share appreciation rights, and similar instruments that have option-like features;

  • Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • RSU Agreement means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Award of Restricted Stock Units.

  • Option 2 [ ] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.