Examples of Time Vested Restricted Stock in a sentence
Time Vested Restricted Stock Performance Shares The Compensation Committee believes this mix of equity vehicles strikes the appropriate balance between the achievement of performance measures (performance shares) and rewarding increases in the market value of, and dividends paid on, our common stock (time vested restricted stock).
Officer Title In January 2012, the Committee also granted Time Vested Restricted Stock Awards of 35,000 shares to Mr. Calhoun; 25,000 to Dr. Hedrick; and 20,000 to Mr. Saad, Mr. Shirahama, and Mr. Shores, subject to continued employment with the Company through the vesting date of January 10, 2013.
Time Vested Restricted Stock We believe that time vested restricted stock is performance-based because its value is solely tied to the company’s stock price, which directly correlates to our shareholders’ interests.
The term “Release Date” shall be applied separately to the Base Restricted Stock, the Matching Restricted Stock and the Time Vested Restricted Stock as if the term “Release Date” were the term “Base Restricted Stock Release Date,” the term “Matching Restricted Stock Release Date,” or the term “Time Vested Restricted Stock Release Date,” as the case may be, and such application shall correspond to the application of the term “Restricted Stock” as set forth in Paragraph 1(a) of the Base Instrument.
In the case of Restricted Stock Units that vest pursuant to Article 11 (and subject to the six-month delay for payment of Time- Vested Restricted Stock Units payable upon Retirement), such Awards shall be settled no later than two and a half months following the end of the year in which such Award vests.11.03 Performance Awards.