Award of Shares Contract Clauses (48)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Award of Shares clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Award of Shares. Pursuant to the provisions of the Plan, the terms of which are incorporated herein by reference, the Employee is hereby awarded [insert award shares] Restricted Shares (the "Award"), subject to the terms and conditions herein set forth. Capitalized terms used herein and not defined shall have the meanings set forth in the Plan. In the event of any conflict between this Agreement and the Plan, the Plan shall control.
Found in ARCH CAPITAL GROUP LTD. contract
Award of Shares. Pursuant to the provisions of the Plan, the terms of which are incorporated herein by reference, the Employee is hereby awarded [insert award shares] 23,751* Restricted Shares (the "Award"), subject to the terms and conditions herein set forth. Capitalized terms used herein and not defined shall have the meanings set forth in the Plan. In the event of any conflict between this Agreement and the Plan, the Plan shall control.
Found in ARCH CAPITAL GROUP LTD. contract
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Award of Shares. Under the terms and conditions of the Plan, the Board has awarded to the Participant a restricted stock award as of the Award Date covering <> shares of Stock (the "Award Shares"), subject to the terms, conditions and restrictions set forth in this Agreement.
Found in OLD POINT FINANCIAL CORP contract
Award of Shares. Under the terms and conditions of the Plan, the Committee or the Board has awarded to the Participant a restricted stock award as of the Award Date ("Award Date"), covering <> shares of Common Stock (the "Award Shares"), subject to the terms, conditions and restrictions set forth in this Agreement.
Found in Union Bankshares Corp contract
Award of Shares. Under the terms and conditions of the Plan, the Board Committee has awarded to the Participant a restricted stock award as of the Award Date covering <> «NUMBER» shares of Stock (the "Award Shares"), subject to the terms, conditions and restrictions set forth in this Agreement.
Found in Carter Bankshares, Inc. contract
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Award of Shares. 1.1 Grant. The Company hereby grants to the Participant this Stock Award, for service as a director of the Company previously rendered and to be rendered during the year in which this Agreement is executed. Pursuant to this Stock Award, the Participant is entitled to receive the number of shares of Common Stock of the Company equal to the "Determined Amount." For purposes of this Agreement and the Plan, the "Determined Amount" means the number of shares of Common Stock (rounded down to the neare...st whole share) equal to (a) $[__] divided by (b) the closing price of the Common Stock on [DATE]. For clarity, this Agreement hereby makes an award of [__] shares of Common Stock (that is, $[__] divided by $[SHARE PRICE]) to the Participant (the "Awarded Shares"). 1.2 Consideration. The Stock Award being made pursuant to this Agreement and under the Plan is intended to (a) attract and retain highly qualified individuals to serve as directors of the Company, (b) increase non-employee directors' stock ownership in the Company and (c) align non-employee directors' financial interests more closely with those of the stockholders of the Company. 1.3 Plan Document Governs. The Awarded Shares and this Agreement are subject to all of the applicable terms and conditions of the Plan as approved by the Company's stockholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained in this Agreement and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. Capitalized words and phrases used but not defined herein will have the meaning ascribed to them in the Plan. 1.4 Additional Agreements. Participant agrees upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of the Award. View More Arrow
Found in Medicine Man Technologies, Inc. contract
Award of Shares. 1.1 Grant. The Company hereby grants to the Participant this Stock Award, for service as a director Chair of the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee of the Board of Directors of the Company (the "Board") previously rendered and to be rendered during the year in which this Agreement is executed. Pursuant to this Stock Award, the Participant is entitled to receive the number of shares of Common Stock of the Company equal to the "Determined Amo...unt." For purposes of this Agreement and the Plan, the "Determined Amount" means the number of shares of Common Stock (rounded down up to the nearest whole share) equal to (a) $[__] $12,000 divided by (b) the closing price of the Common Stock on [DATE]. June 16, 2022 for service as Chair of the Audit Committee of the Board, plus (b) $8,000 divided by the closing price of the Common Stock on June 16, 2022 for service as Chair of the Compensation Committee of the Board, plus (c) $5,000 divided by the closing price of the Common Stock on June 16, 2022 for service as Chair of the Nominating and Corporate Governance Committee of the Board. For clarity, this Agreement hereby makes an award of [__] 19,085 shares of Common Stock (that is, $[__] $25,000 divided by $[SHARE PRICE]) $1.31), to the Participant (the "Awarded Shares"). 1.2 Consideration. The Stock Award being made pursuant to this Agreement and under the Plan is intended to (a) attract and retain highly qualified individuals to serve as directors of the Company, Company and chair Board committees, (b) increase non-employee directors' stock ownership in the Company and (c) align non-employee directors' financial interests more closely with those of the stockholders of the Company. 1.3 Plan Document Governs. The Awarded Shares and this Agreement are subject to all of the applicable terms and conditions of the Plan as approved by the Company's stockholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained in this Agreement and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. Capitalized words and phrases used but not defined herein will have the meaning ascribed to them in the Plan. 1.4 Additional Agreements. Participant agrees upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of the Award. View More Arrow
Found in Medicine Man Technologies, Inc. contract
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