Grouped Into 9 Collections of Similar Clauses From Business Contracts
This page contains Grant of Units clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Grant of Units. Effective as of the Grant Date, the Company hereby grants to the Participant an Award of performance-based Restricted Stock Units ("Performance Stock Units" or "PSUs") in the amount of [Number] PSUs (the "Target Award"), each of which represents the right to receive one share of the Company's Common Stock (the "Shares") upon vesting of such PSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as it ...may be amended, the "Plan"), this Agreement and the Executive Employment Agreement between the Participant and the Company, dated April 26, 2016 (the "Employment Agreement"). The number of PSUs that the Participant may earn hereunder will either be 0%, 100% or 200% of the Target Award, and shall be determined based on the achievement of the performance goals set forth on Exhibit A attached hereto (the "Performance Goals"). Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.View More
Grant of Units. Effective as of the Grant Date, the Company hereby grants to the Participant an Award of performance-based Restricted Stock Units ("Performance Stock Units" or "PSUs") in the amount of [Number] PSUs (the "Target Award"), each of which represents the right to receive one share of the Company's Common Stock (the "Shares") upon vesting of such PSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as it ...may be amended, the "Plan"), "Plan") and this Agreement and the Executive Employment Agreement between the Participant and the Company, dated April 26, 2016 (the "Employment Agreement"). Agreement. The number of PSUs that the Participant may earn hereunder will either be 0%, 100% or 200% of the Target Award, and shall be determined based on the achievement of the performance goals set forth on Exhibit A attached hereto (the "Performance Goals"). Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. View More
Grant of Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby credits to a separate account maintained on the books of the Company (the "Participant Account"), ___ Units. On any Vesting Date (as hereinafter defined), the value of each vested Unit shall be calculated as follows (the "Value"): Value = Notional Value (1 + y/100)z Where:"Notional Value" = $100;"y" = average annual percentage change in surplus of Farm Bureau Property & Casualty Insurance Company as of Decembe...r 31 for the three calendar years preceding the first Vesting Date following the Grant Date; and"z" = the whole number between one and five, inclusive, that equals the number of Vesting Dates that have occurred since the Grant Date, including the Vesting Date on which the Value is being calculated.The calculation in the annual change of surplus for Farm Bureau Property & Casualty Insurance Company ("FBP&C") shall, to the extent practical, disregard changes to the statutory accounting standards applicable to FBP&C since the Grant Date for any years the value of the grant(s) is materially affected by such changes. The Committee shall retain sole discretion in determining whether statutory accounting changes shall be disregarded for any grant on a Vesting Date.2. Vesting Schedule. 2.1 Generally. Conditioned upon the continued employment of the Participant, the interest of the Participant in the Units shall vest as follows: 20% of the Units awarded hereunder shall, subject to Section 3, vest on the close of business on February 1 of the year after the Grant Date, and on February 1 of each of the subsequent four years. Each date on which one or more of the Participant's Unit's vests shall be deemed a "Vesting Date." 2.2 Accelerated Vesting. If Employee's employment with the Company is terminated before the Vesting Date by reason of death or Disability [as defined in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or restated from time to time (the "Code")], the interests of the Participant in the Units shall vest as to a prorata portion of the Units. The prorata portion shall be measured by months elapsed from the date of this Agreement to the date of death or date of Disability, as compared to the number of months from the date of this Agreement to the Vesting Date for each 20% portion of the Units.View More
Grant of Units. Subject to the terms and conditions of this Agreement and the Plan, the Company hereby credits to a separate account maintained on the books of the Company (the "Participant Account"), ___ Units. On any Vesting Date (as hereinafter defined), the value of each vested Unit shall be calculated as follows (the "Value"): Value = Notional Value (1 + y/100)z Where:"Notional y/100)zWhere:"Notional Value" = $100;"y" $100; "y" = average annual percentage change in surplus of Farm Bureau Property & Casualt...y Insurance Company as of December 31 for the three calendar years preceding the first Vesting Date following the Grant Date; and"z" and "z" = the whole number between one and five, inclusive, that equals the number of Vesting Dates that have occurred since the Grant Date, including the Vesting Date on which the Value is being calculated.The calculated. The calculation in the annual change of surplus for Farm Bureau Property & Casualty Insurance Company ("FBP&C") shall, to the extent practical, disregard changes to the statutory accounting standards applicable to FBP&C since the Grant Date for any years the value of the grant(s) is materially affected by such changes. The Committee shall retain sole discretion in determining whether statutory accounting changes shall be disregarded for any grant on a Vesting Date.2. Vesting Schedule. 2.1 Generally. Conditioned upon the continued employment of the Participant, the interest of the Participant in the Units shall vest as follows: 20% of the Units awarded hereunder shall, subject to Section 3, vest on the close of business on February 1 of the year after the Grant Date, and on February 1 of each of the subsequent four years. Each date on which one or more of the Participant's Unit's vests shall be deemed a "Vesting Date." 2.2 Accelerated Vesting. If Employee's employment with the Company is terminated before the Vesting Date by reason of death or Disability [as defined in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or restated from time to time (the "Code")], the interests of the Participant in the Units shall vest as to a prorata portion of the Units. The prorata portion shall be measured by months elapsed from the date of this Agreement to the date of death or date of Disability, as compared to the number of months from the date of this Agreement to the Vesting Date for each 20% portion of the Units. Date. View More
Grant of Units. The Company hereby grants to the Grantee a Restricted Stock Units Award for _____ Units, representing the right to receive the same number of shares of Stock, subject to the terms and conditions in this Grant Agreement. This Award is granted pursuant to the Plan and its terms are incorporated by reference.
Grant of Units. The Company hereby grants to the Grantee a Restricted Stock Units Award for _____ Units, representing the right to receive the same number of shares of the Company's Stock, subject to the terms and conditions in this Grant Agreement. This Award is granted pursuant to the Plan and its terms are incorporated by reference.
Grant of Units. The Company hereby grants the RSUs to the Participant, each of which represents the right to receive one Share upon vesting of such RSU, subject to and in accordance with the terms, conditions and restrictions set forth in the Plan, the Award Notice, and this Agreement.
Grant of Units. The On , the Company hereby grants granted the RSUs to the Participant, each of which represents the right to receive one Share upon vesting of such RSU, RSUs, subject to and in accordance with the terms, conditions and restrictions set forth in the Plan, the Award Notice, and this Agreement.
Grant of Units. The Committee hereby grants you that number of Deferred Stock Units as set forth in this Agreement (the "Units"). Each Unit represents the Company's commitment to issue to you one share of Stock subject to the conditions set forth in this Agreement. This Award is granted pursuant to and is subject to the provisions of the Plan and the terms and conditions of this Agreement and any applicable Addendum.
Grant of Units. The Committee hereby grants you that number of Deferred Restricted Stock Units as set forth in this Agreement your Equity Award and Acceptance Summary (the "Units"). Each Unit represents the Company's commitment to issue to you one share of Stock subject to the conditions set forth in this Agreement. This Award is granted pursuant to and is subject to the provisions of the Plan and the terms and conditions of this Agreement and any applicable Addendum.
Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee three million (3,000,000) Restricted Stock Units (the "Units"). The Units are subject to the vesting, payment, and other provisions of this Agreement and the Plan. Each Unit is subject to settlement into one (1) share of Common Stock of the Company (a "Share") that will be delivered to the Grantee when and if such Unit becomes vested subject to the terms of this Agreement. The Company will account for the Units in a bookkeeping ac...count on the Grantee's behalf until they become deliverable or are forfeited.View More
Grant of Units. Effective as of the Date of Grant, the Company hereby grants the Grantee three million (3,000,000) [•] Restricted Stock Units (the "Units"). The Units are subject to the vesting, payment, and other provisions of this Agreement and the Plan. Each Unit is subject to settlement into one (1) share of Common Stock of the Company (a "Share") Share that will be delivered to the Grantee when and if such Unit becomes vested subject to the terms of this Agreement. Agreement, including the settlement provi...sions in Section 4 below. The Company will account for the Units in a bookkeeping account on the Grantee's behalf until they become deliverable payable or are forfeited. View More
Grant of Units. The Corporation hereby grants the Restricted Units to the Participant, each of which represents the right to receive one Share upon the expiration or termination of the Restricted Period (as defined below), subject to the terms, conditions and restrictions set forth in the L-3 Communications Holdings, Inc. 2008 Long Term Performance Plan (the "Plan") and this Agreement.
Grant of Units. The Corporation hereby grants the Restricted Units to the Participant, each of which represents the right to receive one Share upon the expiration or termination of the Restricted Period (as defined below), subject to the terms, conditions and restrictions set forth in the L-3 Communications Holdings, L3 Technologies, Inc. Amended and Restated 2008 Long Term Performance Plan (the "Plan") and this Agreement.
Grant of Units. (a) As of the Grant Date set forth in the Notice, Sealed Air Corporation grants to the Grantee the number of Restricted Stock Units ("Units") set forth in the Notice. Each Unit represents the right to receive one share of Stock at a future date after the Unit has become earned and vested, subject to the terms and conditions of this Agreement. (b) The Units covered by this Award shall become earned and vested in accordance with the schedule set forth in the Notice. Each earned and vested Unit sha...ll be settled on the date(s) specified in the Notice by issuance of one share of Stock on or as soon as administratively practicable (but no more than 75 days) after the applicable vesting and/or settlement date specified in the Notice, subject to the requirements of (i) Section 4 (Responsibility for Taxes), Section 6 (Regulatory Restrictions on the Shares Issued Upon Settlement), and Section 7(m) (Recovery of Compensation) of this Agreement and (ii) Section 18.9 of the Plan (regarding a potential six-month delay in settlement for awards to certain Grantees to the extent determined by the Company to be necessary to comply with Section 409A). (c) Units constitute an unfunded and unsecured obligation of the Company. The Grantee shall not have any rights of a stockholder of the Company with respect to the shares of Stock underlying the Units unless and until the Units become earned and vested and are settled by the issuance of shares of Stock. Upon issuance of shares of Stock in connection with the settlement of vested Units, the Grantee shall be the record owner of the shares of Stock unless and until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a stockholder of the Company (including voting rights). (d) The Grantee may designate a beneficiary to receive payment in connection with the Units in the event of the Grantee's death in accordance with the Company's beneficiary designation procedures, as in effect from time to time. If the Grantee does not designate a beneficiary, or if the Grantee's designated beneficiary does not survive the Grantee, then the Grantee's beneficiary will be the Grantee's estate. (e) Units earned will receive dividend equivalents paid in cash (without interest) based on the dividend rates in effect during the vesting period applied to the number of Units the Grantee earns, which will be subject to the vesting provisions set forth in the Notice. Cash dividend equivalents accrued on the earned Units will be paid in cash on or about the same time the earned Units are settled and paid.View More
Grant of Units. (a) As of the Grant Date set forth in the Notice, Sealed Air Corporation the Company grants to the Grantee the number of Restricted Stock Units ("Units") set forth in the Notice. Each Unit represents the right to receive one share of Stock at a future date after the Unit has become earned and vested, subject to the terms and conditions of this Agreement. (b) The Units covered by this Award shall become earned and vested in accordance with the schedule set forth in the Notice. Each earned and ves...ted Unit shall be settled on the date(s) specified in the Notice by issuance of one share of Stock on or as soon as administratively practicable (but no more than 75 days) after the applicable vesting and/or settlement date specified in the Notice, subject to the requirements of (i) Section 4 (Responsibility for Taxes), Section 6 (Regulatory Restrictions on the Shares Issued Upon Settlement), and Section 7(m) (Recovery of Compensation) of this Agreement and (ii) Section 18.9 of the Plan (regarding a potential six-month delay in settlement for awards to certain Grantees to the extent determined by the Company to be necessary to comply with Section 409A). and this Agreement. (c) Units constitute an unfunded and unsecured obligation of the Company. The Grantee shall not have any rights of a stockholder of the Company with respect to the shares of Stock underlying the Units unless and until the Units become earned and vested and are settled by the issuance of shares of Stock. Upon issuance of shares of Stock in connection with the settlement of vested Units, the Grantee shall be the record owner of the shares of Stock unless and until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a stockholder of the Company (including voting rights). (d) The Grantee may designate a beneficiary to receive payment in connection with the Units in the event of the Grantee's death in accordance with the Company's beneficiary designation procedures, as in effect from time to time. If the Grantee does not designate a beneficiary, or if the Grantee's designated beneficiary does not survive the Grantee, then the Grantee's beneficiary will be the Grantee's estate. (e) Units earned will receive dividend equivalents paid in cash (without interest) based on the dividend rates in effect during the vesting period applied to the number of Units in which the Grantee earns, which will be vests, subject to the vesting provisions set forth in the Notice. Cash dividend equivalents accrued on the earned Units will be paid in cash on or about the same time the earned Units are settled and paid. (e) Notwithstanding any provision herein to the contrary, if the Grantee is a U.S. taxpayer, payment of Units that become earned and vested under this Agreement may be deferred under the terms of the Company's Key Executive Stock Deferral Plan (or any similar plan or program) in which the Grantee is eligible to participate, subject to the terms and conditions of such plan and the requirements of Section 409A. Any Units deferred under any such plan shall be administered in accordance with the terms and provisions of such plan.1RSU Standard Terms 2. Restrictions. Subject to any exceptions set forth in this Agreement, until such time as the Units become earned and vested and are settled in shares of Stock in accordance with Section 1, the Units or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Units or the rights relating thereto shall be wholly ineffective and, if any such attempt is made, the Units will be forfeited by the Grantee and all of the Grantee's rights to such Units shall immediately terminate without any payment of consideration by the Company. View More
Grant of Units. Pursuant to Section 7(a)(iiii) of the Plan, the Company hereby issues to the Grantee on the Grant Date a Unit Option Award consisting of _______ Common Units of the Company (the "Unit Grant") on the terms and conditions and subject to the restrictions set forth in this Agreement and the Plan.
Grant of Units. Pursuant to Section 7(a)(iiii) 6.4 of the Plan, the Company hereby issues to the Grantee on the Grant Date a Unit Option Award consisting of _______ Common Units of the Company (the "Unit Grant") on the terms and conditions and subject to the restrictions set forth in this Agreement and the Plan.
