Grant Shares definition

Grant Shares means, with respect to each Eligible Director for a particular year, a number of shares calculated according to the following formula: 1% of the number of the Company's outstanding Common Stock shares as of the December 31 immediately preceding the Date of Grant divided by the number of then-Eligible Directors. In no event may the number of Grant Shares in any given year to any given Eligible Director exceed one-half of 1% of the Company's outstanding Common Stock shares.
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Grant Shares has the meaning given such term in Section 5(b)(i).
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Grant Shares means Plan Shares granted or awarded in ------------ accordance with section 6 of the Plan. ---------
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Examples of Grant Shares in a sentence

  • Range of Closing Price Per Share on the Date of Grant Shares of Common Stock to Be GrantedUnder $5.00 2,000$5.00 to $9.99 1,500$10.00 to $20.00 1,000Over $20.00 500These shares are fully vested and tradable immediately on their date of grant, other than restrictions under applicable securities laws.

  • Option activity under the 2010 Stock Plan was as follows: Shares Subject toOutstanding Options Shares Available Weighted Average for Grant Shares In July 2016, we revised the terms of our annual stock option grants to provide that new option grants would generally have a 10-year term and vest over four years, with 25% vesting after one year and the remainder vesting in 36 equal monthly installments.

  • Range of Closing Price Per Share on the Date of Grant Shares of Common Stock to Be Granted Under $5.00 2,000$5.00 to $9.99 1,500$10.00 to $20.00 1,000Over $20.00 500 These shares are fully vested and tradable immediately on their date of grant, other than restrictions under applicable securities laws.

  • The Grant Shares will only be issued to Mr. Lee at the discretion of the Company if approved by the remuneration committee of the Company, and only where to do so would not cause the percentage of the Company’s common shares held in public hands to fall below twenty five per cent.

  • Range of Closing Price Per Share on the Date of Grant Shares of Class A Common Stock to Be GrantedUnder $5.00 2,000$5.00 to $9.99 1,500$10.00 to $20.00 1,000Over $20.00 500These shares are fully vested and tradable immediately on their date of grant, other than restrictions under applicable securities laws.


More Definitions of Grant Shares

Grant Shares means Plan Shares granted or awarded in accordance with Article VI. ----------
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Grant Shares. [Exercisable for _______________ (________) shares immediately on or after Date of Issuance.] [-if none scheduled, substitute "None" above-] Expiration Date: ______________, 2006, subject to earlier termination as provided below. TRANSFER OF THIS CERTIFICATE IS RESTRICTED IN ACCORDANCE WITH THE ATTACHED TERMS AND CONDITIONS. By signing below, the Company and the Optionholder each agrees to the foregoing and to the attached Management Stock Option Terms and Conditions, which are incorporated herein by reference. VIISAGE TECHNOLOGY, INC. OPTIONHOLDER By: _____________________ __________________________ Title: VIISAGE TECHNOLOGY, INC. MANAGEMENT STOCK OPTION AGREEMENT Management Stock Option Terms and Conditions -------------------------------------------- (Nonqualified)
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Grant Shares means the 200,000 shares of Common Stock transferred by ADSX to the Purchaser.
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Grant Shares means the number of shares of the Parent’s restricted Common Stock to be issued to Laurus on the Closing Date in such amount as shall be equal to the sum of $350,000 divided by the average closing price for the Common Stock for the ten (10) trading days prior to the Closing Date.
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Grant Shares means Shares that may be issued in the future to a Grantee upon the exercise, settlement or payment of her, his or its Approved Grant;
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Grant Shares means the aggregate 1,300,000 shares of common stock, $.01 par value, of GPI to be issued, exchanged and allocated among the Shareholders as set forth on Schedules 3.1 and 3.2.
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Grant Shares means the shares of common stock of Grant Prideco, Inc., $.01 par value, which, for accounting purposes only, are to be credited to a Participant's Grant Share Account. At no time shall Grant Shares be considered as actual shares of common stock of Grant Prideco, Inc. and a Participant shall have no rights as a stockholder with respect to the Grant Shares.
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