Grant of Shares definition

Grant of Shares. The Company shall, in accordance with the action of the Committee, issue to and in the name of the Executive an aggregate of 20,000 shares of the common stock of the Company, which shares shall be restricted pursuant to the terms of this Agreement (the "Restricted Shares").
Sample 1Sample 2

Examples of Grant of Shares in a sentence

  • The Restricted Stock Units and shares shall be controlled by the Trustee for the benefit of you and the provisions of Section 102 of the Ordinance and the Income Tax (Tax Abatement on the Grant of Shares to Employees) Regulations 2003 shall apply to such Restricted Stock Units or shares for all purposes.

  • The RSUs and Shares issued upon vesting of such RSUs are intended to qualify for the tax treatment available in Israel pursuant to the provisions of the “capital gain route” under Section 102 of the Israeli Tax Ordinance (“Section 102”), including the provisions of the Income Tax (Tax Abatement on the Grant of Shares to Employees) Regulations 2003 (the “Regulations”), and any tax ruling or agreement obtained by the Company or the Employer with regard to the Plan.

  • The aggregate Fair Market Value, determined on the Date of Grant, of Shares with respect to which any Incentive Stock Options under the Plan and all other plans of the Company or its Subsidiaries become exercisable by any individual for the first time in any calendar year will not exceed $100,000.

  • After giving effect to all Letters of Credit to be issued at, or immediately subsequent to, the establishment of the credit facility contemplated hereby, Excess Availability shall be not less than twenty percent (20%) of the Loan Cap.

  • The election by the Eligible Director to receive an Elective Grant of Shares must be in writing and must be delivered to the Secretary of the Company before the start of the fiscal quarter during which services are to be rendered by the Eligible Director giving rise to the Quarterly Compensation.

  • The election by the Non-employee Director to receive an Elective Grant of Shares must be in writing and must be delivered to the Secretary of the Company before the start of the fiscal quarter during which services are to be rendered by the Non-employee Director giving rise to the Quarterly Compensation.

  • The Stock Options and Shares received upon exercise of such Stock Options are intended to qualify for the tax treatment available in Israel pursuant to the provisions of the “capital gain route” under Section 102 of the Israeli Tax Ordinance ("Section 102"), including the provisions of the Income Tax (Tax Abatement on the Grant of Shares to Employees) Regulations 2003 (the “Regulations”) and any tax ruling or agreement obtained by the Company or the Employer with regard to the Plan.

  • As soon as practicable after each Non-employee Director's Elective Grant of Shares is determined, the Company shall cause to be issued and delivered to such Non-employee Director a stock certificate registered in the name of the Non-employee Director evidencing his or her Elective Grant, less any Shares withheld by the Company pursuant to Section 8 below.

  • As soon as practicable after each Eligible Director’s Elective Grant of Shares is determined, and in no event later than the fifteenth day of the third month following the year in which such Elective Grant of Shares is determined, the Company shall cause to be issued and delivered to such Eligible Director a stock certificate registered in the name of the Eligible Director evidencing his or her Elective Grant, less any Shares withheld by the Company pursuant to Section 9 below.

  • If authorized therefor under the resolution adopted by the General Shareholders’ Meeting of the Company allowing the Grant of Shares, the Management Board may make the necessary adjustments to take into account the impact of certain transactions affecting the share capital of the Company during the Acquisition Period so as to ensure the neutrality of these transactions on the rights of the Beneficiaries.

Related to Grant of Shares

  • class of Shares refers to the division of Shares into two or more classes as provided in Article III, Section 1 hereof;

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

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

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Subscription Rights means the subscription rights to purchase Rights Offering Shares.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Award Shares means Shares covered by an outstanding Award or purchased under an Award.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Stock Rights means all dividends, instruments or other distributions and any other right or property which the Grantors shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Equity Interest constituting Collateral, any right to receive an Equity Interest and any right to receive earnings, in which the Grantors now have or hereafter acquire any right, issued by an issuer of such Equity Interest.

  • Stock Right means an Award under Article VI of the Plan. A Stock Right may be either a Stock Appreciation Right or a Limited Stock Appreciation Right.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Unvested Shares means "Unvested Shares" as defined in the Award Agreement.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

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

  • Plan Shares means the total number of Common Shares which may be reserved for issuance as Optioned Shares under the Plan as provided in §2.2;

  • Stock means the Common Stock of the Company.

  • 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.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Incentive Shares means an award of shares granted pursuant to Section XIII.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.