Notice of Grant Under Cox Radio, Inc. Restricted Stock Plan for Non-Employee Directors

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This notice informs a non-employee director that they have been granted shares of Cox Radio, Inc. Class A Common Stock under the company's Restricted Stock Plan. The shares represent half of the annual director fee, calculated based on the stock's closing price on a specified date. The grant is subject to the terms and restrictions outlined in the plan. The notice is issued by the company's Secretary.

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EX-10.6 3 dex106.htm FORM OF NOTICE OF GRANT UNDER RESTRICTED STOCK PLAN FOR NON-EMPLOYEE DIRECTORS Form of Notice of Grant under Restricted Stock Plan for Non-Employee Directors

Exhibit 10.6

 

NOTICE OF GRANT

 

TO:     [Name of Director]   DATED:     AS OF             , 200    

 

Pursuant to the Cox Radio, Inc. Restricted Stock Plan for Non-Employee Directors (the “Plan”), effective             , 200     you have been granted              shares of Cox Radio Class A Common Stock, subject to the restrictions set forth in the Plan. These shares represent one-half of the Cox Radio annual director fee of $35,000. The number was determined by dividing $17,500 by $            , the closing price on             , 200    .

 

 

Andrew A. Merdek

Secretary