Award Contract Clauses (2,504)

Award. The shares of Restricted Stock awarded hereunder shall be issued and held by the Company's transfer agent in book entry form, and the Grantee's name shall be entered as the stockholder of record on the books of the Company. Thereupon, the Grantee shall have all the rights of a stockholder with respect to such shares, including voting and dividend rights, subject, however, to the restrictions and conditions specified in Paragraph 2 below. The Grantee shall (i) sign and deliver accept this... Agreement pursuant to the Company a copy of this Award Agreement Company's instructions, which may include an online acceptance process and (ii) deliver to the Company a stock power endorsed in blank. View More

Award. The shares of Restricted Stock awarded hereunder shall be issued and held by the Company's transfer agent in book entry form, and the Grantee's Participant's name shall be entered as the stockholder of record on the books of the Company. Thereupon, the Grantee Participant shall have all the rights of a stockholder with respect to such shares, including voting and dividend rights, subject, however, to the restrictions and conditions specified in Paragraph 2 below. The Grantee Participant shall... (i) sign and deliver to the Company a copy of this Award Agreement and (ii) deliver to the Company a stock power endorsed in blank. View More

Award. The shares of Restricted Stock Shares awarded hereunder shall be issued and held by the Company's transfer agent in book entry form, and the Grantee's name shall be entered as the stockholder shareholder of record on the books of the Company. Thereupon, the Grantee shall have all the rights of a stockholder shareholder with respect to such shares, Shares, including voting and dividend rights, subject, however, to the restrictions and conditions specified in Paragraph 2 below. The Grantee shall... (i) sign and deliver to the Company a copy of this Award Agreement and (ii) deliver to the Company a stock share power endorsed in blank. View More

Award. On December 30, 2015 March 9, 2017 ("Grant Date"), the Company granted to the Participant an option ("Option") to purchase up to 6,000,000 1,500,000 shares of the Company's common stock, stock ("Common Stock"), par value $0.0001 per share ("Share" or "Shares"), subject to the terms and conditions of this Agreement. The purchase price per Share ("Exercise Price") is $0.063, $0.1040, which represents the fair market value of each Share on the Grant Date. This grant is in satisfaction of the... Company's obligation to the Participant with respect to the New Fourth Option Award provided for in the Executive Compensation Agreement by and between the Company and the Participant entered into as of March 10, 2015, effective as of January 1, 2015, as amended by Amendment No. 1 to Executive Compensation Agreement dated December 30, 2015 and by Amendment No. 2 to Executive Compensation Agreement dated March 10, 2017 ("Executive Compensation Agreement"). View More

Award. Pursuant In accordance with the terms of the Plan and subject to the ______________________________ 20__ terms and conditions of this Agreement, the Company hereby awards the Recipient [___________ (____)] Restricted Stock Incentive Plan (the "Plan"), Units, effective as of the Date of Grant, ____________ shares (the "Restricted Shares") of Common Stock shall be issued as hereinafter provided in the Employee's name subject to certain restrictions thereon. The Employee acknowledges receipt of a... copy of the Plan, and agrees that this award of the Restricted Shares shall be subject to all of the terms and provisions of the Plan, including future amendments thereto, if any, pursuant to the terms thereof. In the event of any conflict between the terms of this Agreement and the Plan, the Plan shall control. Award Date. View More

Award. Pursuant to the ______________________________ 20__ Stock Incentive Plan (the "Plan"), as As of the Date of Grant, ____________ shares (the "Restricted Shares") of Common Stock shall be issued as hereinafter provided in Effective date, the Employee's name subject to certain restrictions thereon. The Employee acknowledges receipt of a copy of the Plan, and agrees that this award of the Restricted Shares shall be subject to all of the terms and provisions of the Plan, including future amendments... thereto, if any, pursuant to the terms thereof. In the event of any conflict between the terms of this Agreement and the Plan, the Plan shall control. Recipient was granted __________ Shares. View More

Award. Pursuant to Effective on the ______________________________ 20__ Stock Incentive Plan (the "Plan"), as of _______ __, ____ the Date of Grant, ____________ shares (the "Restricted Shares") of Common Stock shall be issued as hereinafter provided in the Employee's name subject to certain restrictions thereon. The Employee acknowledges receipt of a copy of the Plan, and agrees that this award of the Restricted Shares shall be subject to all of the terms and provisions of the Plan, including future... amendments thereto, if any, pursuant to the terms thereof. In the event of any conflict between the terms of this Agreement and the Plan, the Plan shall control. Recipient was granted ________ Units. View More

Award. [(a) Award of PSUs. (i) AIG hereby awards you the number of performance share units ("PSUs") specified in Schedule A (the "Target PSUs") . PSUs"). [For PSU AWARDS in 2021 and thereafter: You are also entitled to receive dividend equivalent rights Dividend Equivalents in the form of cash in accordance with the Plan. [Only with respect to PSU AWARDS in 2019 and 2020: You are also entitled to receive Dividend Equivalents or Dividend Equivalent Units on each PSU as follows, in each case in... accordance with the Plan: (x) With respect to dividends declared with a record date that occurs after the second quarter of 2021, for each Earned PSU you are entitled to accrue Dividend Equivalents and such Dividend Equivalents will be paid in cash in accordance with the Plan. (y) With respect to dividends declared with a record date that occurs on or after the Date of Award (as specified in Schedule A of the Award Agreement) through the second quarter of 2021, for each Earned PSU you are entitled to accrue Dividend Equivalents Units (as defined in the Plan) in the form of additional PSUs and such Dividend Equivalent Units will be settled in cash equal to the fair market value of a Share on the settlement date in accordance with the Plan.] Each PSU constitutes an unfunded and unsecured promise of AIG to deliver (or cause to be delivered) one Share (or, at the election of AIG, cash equal to the Fair Market Value thereof) in accordance with the Plan. (ii) The actual number of PSUs that will be earned is subject to the Committee's assessment of achievement based on the Performance Measures established for the Performance Period. (iii) After the end of the Performance Period, the Committee will determine the percentage of your Target PSUs that will be earned (such earned PSUs, the "Earned PSUs"). The number of Shares covered by your Earned PSUs may range from 0% to 200% of your Target PSUs. Your Earned PSUs, if any, will vest and be paid in accordance with the schedule specified in Schedule A, subject to earlier vesting, forfeiture or termination as provided in accordance with the Plan. On any payment date, the number of Shares to be issued under this Award Agreement shall be rounded down to the nearest whole Share.] [(a)][(b)] [Award of RSUs. AIG hereby awards you the number of restricted stock units ("RSUs") specified in Schedule A. [For RSU aWARDS in 2021 and thereafter: You are also entitled to receive dividend equivalent rights Dividend Equivalents in the form of cash in accordance with the Plan. [Only with respect to RSU AWARDS in 2019 and 2020: You are also entitled to receive Dividend Equivalents or Dividend Equivalent Units on each RSU as follows, in each case in accordance with the Plan: (x) With respect to dividends declared with a record date that occurs after the second quarter of 2021, for each RSU you are entitled to accrue Dividend Equivalents and such Dividend Equivalents will be paid in cash in accordance with the Plan. (y) With respect to dividends declared with a record date that occurs on or after the Date of Award (as specified in Schedule A of the Award Agreement) through the second quarter of 2021, for each RSU you are entitled to accrue Dividend Equivalents Units (as defined in the Plan) in the form of additional RSUs and such Dividend Equivalent Units will be settled in Shares in accordance with the Plan.] Each RSU constitutes an unfunded and unsecured promise of AIG to deliver (or cause to be delivered) one Share (or, at the election of AIG, cash equal to the Fair Market Value thereof) in accordance with the Plan. Until such delivery, you have only the rights of a general unsecured creditor, and no rights as a shareholder, of AIG. You will earn the RSUs subject to your continued Employment throughout the Performance Period. Your RSUs will vest and be paid in accordance with the schedule specified in Schedule A, subject to earlier vesting, forfeiture or termination as provided in accordance with the Plan. On any payment date, the number of Shares to be issued under this Award Agreement shall be rounded down to the nearest whole Share.] [(a)][(b)(c)] [Award of Stock Options. AIG hereby awards you the number of [time-vesting] [and] [performance-vesting] stock options ("Options") specified in Schedule A. Each Option represents a right to purchase one share of Common Stock of AIG, subject to the terms and conditions set forth in the Award Agreement and the Plan. The Options are subject to the [time-] [and] [performance-] vesting and expiration terms specified in Schedule A, subject to earlier vesting, forfeiture or termination as provided in accordance with the Plan. View More

Award. [(a) Award of PSUs. (i) AIG Corebridge hereby awards you the number of performance share units ("PSUs") specified in Schedule A (the "Target PSUs") . PSUs"). You are also entitled to receive dividend equivalent rights Dividend Equivalents in the form of cash in accordance with the Plan. Each PSU constitutes an unfunded and unsecured promise of AIG Corebridge to deliver (or cause to be delivered) one Share (or, at the election of AIG, Corebridge, cash equal to the Fair Market Value thereof) in... accordance with the Plan. (ii) The actual number of PSUs that will be earned is subject to the Committee's assessment of achievement based on the Performance Measures established for the Performance Period. (iii) After the end of the Performance Period, the Committee will determine the percentage of your Target PSUs that will be earned (such earned PSUs, the "Earned PSUs"). The number of Shares covered by your Earned PSUs may range from 0% to 200% of your Target PSUs. Your Earned PSUs, if any, will vest and be paid in accordance with the schedule specified in Schedule A, subject to earlier vesting, forfeiture or termination as provided in accordance with the Plan. On any payment date, the number of Shares to be issued under this Award Agreement shall be rounded down to the nearest whole Share.] [(a)][(b)] [Award of RSUs. AIG Corebridge hereby awards you the number of restricted stock units ("RSUs") specified in Schedule A. You are also entitled to receive dividend equivalent rights Dividend Equivalents in the form of cash in accordance with the Plan. Each RSU constitutes an unfunded and unsecured promise of AIG Corebridge to deliver (or cause to be delivered) one Share (or, at the election of AIG, Corebridge, cash equal to the Fair Market Value thereof) in accordance with the Plan. Until such delivery, you have only the rights of a general unsecured creditor, and no rights as a shareholder, of AIG. Corebridge. You will earn the RSUs subject to your continued Employment throughout the Performance Period. Your RSUs will vest and be paid in accordance with the schedule specified in Schedule A, subject to earlier vesting, forfeiture or termination as provided in accordance with the Plan. On any payment date, the number of Shares to be issued under this Award Agreement shall be rounded down to the nearest whole Share.] [(a)][(b)(c)] [Award of Stock Options. AIG Corebridge hereby awards you the number of [time-vesting] [and] [performance-vesting] stock options ("Options") specified in Schedule A. Each Option represents a right to purchase one share of Common Stock of AIG, Corebridge, subject to the terms and conditions set forth in the Award Agreement and the Plan. The Options are subject to the [time-] [and] [performance-] vesting and expiration terms specified in Schedule A, subject to earlier vesting, forfeiture or termination as provided in accordance with the Plan. View More

Award. The Company grants to Recipient 277,780 346,638 performance share units ("PSUs") with respect to the Company's common shares ("Common Shares"). Subject to the terms and conditions of this Agreement and the Employment Agreement, the Company shall issue to Recipient the number of Common Shares of the Company corresponding to the number of PSUs determined under this Agreement based on (a) the performance of the Company as described in Section 2 and (b) Recipient's continued employment through the... date the applicable PSUs vest as during the entire Performance Period (as defined below) pursuant to described in Section 3. 2 (a "Vesting Event"). View More

Award. (a) The Company hereby awards to the Participant, in the aggregate, [SHARES GRANTED] Restricted Stock Units which shall be subject to the conditions set forth in the Plan and this Agreement. (b) Restricted Stock Units shall be evidenced by an account established and maintained for the Participant, which shall be credited for the number of Restricted Stock Units granted to the Participant. By accepting this Award, the Participant acknowledges that the Company does not have an adequate remedy in... damages for the breach by the Participant of the conditions and covenants set forth in this Agreement and agrees that the Company is entitled to and may obtain an order or a decree of specific performance against the Participant issued by any court having jurisdiction. (c) Except as provided in the Plan or this Agreement, prior to vesting as provided in Section 3 of this Agreement, the Restricted Stock Units will be forfeited by the Participant and all of the Participant's rights to Stock or cash underlying the Award shall immediately terminate without any payment or consideration by the Company, in the event of a Participant's termination of Service, employment as provided in Section 4 of this Agreement below. (d) Dividend Equivalent Rights. If the Company pays any cash dividend on its outstanding Stock for which the record date occurs after the Grant Date, the Committee will credit the Participant's account as of the dividend payment date in an amount equal to the cash dividend paid on one share of Stock multiplied by the number of Restricted Stock Units under this Agreement that have not been settled are unvested as of that record date ("Dividend Equivalents"). Such Dividend Equivalents will be subject to the vesting requirements of Section 3 of this Agreement below, and no Dividend Equivalents will vest or be paid to the Participant unless and until the corresponding Restricted Stock Unit vests and is settled. (e) Rights as Stockholder. The Participant shall have no rights as a stockholder with respect to any Restricted Stock Unit until he or she shall have become the holder of record of such Stock, and except as otherwise provided in this Agreement or the Plan, no adjustment shall be made for dividends or distributions or other rights for which the record date is prior to the date upon which the Participant shall become the holder of record thereof. 1 3. Vesting. Subject to Sections 2 and 4 of this Agreement, the Award will vest with respect to (a) 33% upon the day of the first anniversary of the Grant Date; (b) an additional 33% upon the day of the second anniversary of the Grant Date; and (c) the final 34% upon the day of the third anniversary of the Grant Date; provided, that, the Participant is then employed by the Company or an Affiliate. Notwithstanding the foregoing, subject to the limitations of the Plan, the Committee may accelerate the vesting of all or part of the Award at any time and for any reason. As soon as practicable after the Award vests and consistent with Section 409A of the Code, payment shall be made in Stock (based upon the Fair Market Value of the Stock on the day all restrictions lapse) and cash in the amount of any Dividend Equivalents credited to the Participant's account with respect to such shares of Stock. The Committee shall cause the Stock to be electronically delivered to the Participant's electronic account with respect to such Stock free of all restrictions. Pursuant to Section 11 of this Agreement, the cash and/or the number of shares delivered shall be net of the amount of cash and/or the number of shares withheld for satisfaction of Tax-Related Items (as defined below), if applicable. View More

Award. Subject to the terms and conditions herein, pursuant to the Plan, the Company grants to the Grantee effective as of the Grant Date an Award of the number and type of performance-based Restricted Stock Units (as defined in the Plan) authorized by the Plan Administrator Committee and set forth in the notice of online grant delivered to the Grantee pursuant to the Company's online grant and administration program (the "Restricted Stock Units"), each representing the right to receive one share of the type of Common Stock, Stock specified in such notice of online grant, subject to the conditions and restrictions set forth below in this Agreement and in the Plan. View More

Award. Subject Pursuant to the terms of the Plan and conditions herein, pursuant to in consideration of the Plan, covenants and promises of the Grantee herein contained, the Company grants hereby awards to the Grantee effective as of the Grant Date an Award of the number and type of Restricted shares of Common Stock Units (as defined in the Plan) authorized by the Plan Administrator and set forth in the notice of online grant delivered to the Grantee pursuant to the Company's online grant and... administration program (the "Restricted Stock Units"), each representing the right to receive one share of Common Stock, program, subject to the conditions and restrictions set forth below in this Agreement and in the Plan. Plan (the "Restricted Shares"). View More

Award. Subject Pursuant to the terms of the Plan and conditions herein, pursuant to in consideration of the Plan, covenants and promises of the Grantee herein contained, the Company grants hereby awards to the Grantee effective as of the Grant Date an Award of the number and type of Restricted shares of Common Stock Units (as defined in the Plan) authorized by the Plan Administrator and set forth in the notice of online grant delivered to the Grantee pursuant to the Company's online grant and... administration program (the "Restricted Stock Units"), each representing the right to receive one share of Common Stock, program, subject to the conditions and restrictions set forth below in this Agreement and in the Plan. Plan (the "Restricted Shares"). View More

Award. Subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the Company hereby grants the Grantee [_____] 3,044,272 restricted Stock Units ("RSUs"), subject to the vesting terms set forth in Section 2 below. Subject to the provisions of this Agreement and the Plan, each vested RSU represents the right to receive one (1) share of Stock. The RSUs shall apply only with respect to a whole number of shares of Stock.

Award. The Employee is hereby awarded [number a Performance Award in the amount of performance shares] performance shares (each a $[amount] (the "Performance Share") Award") pursuant to the Forum Energy Technologies, Inc. 2016 Stock and Incentive Plan (the "Plan") which shall be allocated as the "Target Amount". The Performance Shares represent Award represents the opportunity to receive a number of shares of Common Stock cash payment based on the "Payout Multiplier" as defined in Exhibit A. The ... class="diff-color-red">number amount of the Performance Shares Award that are is converted into an "Earned Performance Shares" Award" will be between 0% and 200% 300% of the Target Amount. Each The exact amount of the Performance Share Award that does not become shall convert into an Earned Performance Share shall Award and be forfeited.The exact number of Performance Shares that shall be converted into Earned Performance Shares and issued paid to the Employee shall be based upon the achievement by the Company of the performance standards as set forth in Exhibit A hereto over a three-year period beginning on January 1, 2019 February 21, 2020 (the "Performance Beginning Date") and ending on December 31, 2021 2022 (the "Performance End Date") (the period from the Performance Beginning Date to the Performance End Date is referred to as the "Performance Period"). The determination by the Committee with respect to the achievement of such performance standards shall be made as soon as administratively practicable following the Performance End Date after all necessary Company and peer information is available. The specific date on which such determination is formally made and approved by the Committee is referred to as the "Determination Date." After the Determination Date, the Company shall notify the Employee of the number amount of the Earned Performance Shares, Award, if any, and the corresponding number of shares of Common Stock payment to be issued made to the Employee in satisfaction of the award. The shares of Common Stock shall payment to be issued made to the Employee in satisfaction of the Earned Performance Award, if any, shall be made on March 15, 2022 2023 (the "Settlement Date"). The performance standards are based on the Company's Total Shareholder Return compared against the Peer Group. The methodology for calculating the number of Earned Performance Shares, Award, including the definitions used therefor, is set forth in Exhibit A hereto.The Employee acknowledges receipt of a copy of the Plan, and agrees that this award of Performance Shares Award shall be subject to all of the terms and provisions of the Plan, including future amendments thereto, if any, pursuant to the terms thereof. Capitalized terms used in this Agreement and Exhibit "A" hereto that are not defined herein shall have the meanings given to them in the Plan or Exhibit A, as applicable. View More

Found in FORUM ENERGY TECHNOLOGIES, INC. contract

Award. Subject to the terms and conditions of this Agreement, the Company shall issue pay to the Employee the number of shares of common stock ("Common Stock") of the Company ("Performance Shares") dollar amount ("LTIP Payout") determined under this Agreement based on (a) the Company's performance during the three-year two-year period from to (the "Performance Period") as described in Section 2, and (b) Employee's continued employment through the Performance Period as described in Section 3.... Recipient's "Target Share Amount" for purposes of this Agreement is shares. $ . View More