Grouped Into 14 Collections of Similar Clauses From Business Contracts
This page contains Restricted Stock Awards clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Restricted Stock Awards. (a) Shares of Common Stock granted pursuant to a Restricted Stock Award issued under the Plan shall not be sold, exchanged, transferred, assigned, pledged, hypothecated, or otherwise disposed of, prior to the satisfaction of such performance, service and/or elapsed time conditions ("Vesting Conditions") as may be determined by the Committee in its absolute discretion. Except as provided in Paragraph 19, or as may be provided by the Committee at the time of grant, if the recipient's service with ...the Company or any of its Subsidiaries terminates prior to the satisfaction of all of the Vesting Conditions for any reason other than death, disability, or retirement in good standing, the recipient shall, on the date service terminates, forfeit and surrender to the Company the number of shares of Common Stock with respect to which the Vesting Conditions have not been satisfied as of the date service terminates. (b) The Committee may grant or limit the right of a recipient of a Restricted Stock Award to receive dividends declared on Common Stock underlying such Award to the extent the Award is not yet vested. The terms of any right to dividends shall be as set forth in the applicable Award Agreement, including the time and form of payment and whether such dividends shall be credited with interest or deemed to be reinvested in additional shares of Restricted Stock. If the Committee grants the right of a recipient of a Restricted Stock Award to receive dividends declared on shares of Common Stock subject to an unvested Restricted Stock Award, then, at the discretion of the Committee and as provided in the underlying Award Agreement, such dividends shall (i) upon the dividend payment date (or shortly thereafter), be paid such dividends or (ii) be subject to the same performance conditions and/or service conditions, as applicable, to the underlying Restricted Stock Award. (c) Upon each grant of a Restricted Stock Award, the Committee shall fix the Vesting Conditions. The Committee also shall determine the manner in which the grant recipient's contingent ownership of the awarded Common Stock shall be recorded until the Vesting Conditions have been satisfied. If the Committee elects to issue certificates or use other records of ownership for the awarded shares of Common Stock, each certificate or other record of ownership of Common Stock shall bear a legend or other disclosure to reflect the Vesting Conditions until all of the Vesting Conditions are satisfied. The Committee also may require a written representation by the recipient that he or she is acquiring the shares for investment. (d) When the Vesting Conditions with respect to shares of Common Stock held in escrow have been satisfied, a certificate or other record of ownership for such shares shall be issued or created, free of any escrow; such certificate or other record shall not bear a legend or other disclosure relating to the Vesting Conditions. 8 (e) Unless otherwise provided by the Committee at the time of grant, if a recipient dies, terminates employment with the Company because of disability, or retires with good standing before the satisfaction of all of the applicable Vesting Conditions, the Vesting Conditions on any Restricted Stock held by the recipient shall be considered satisfied (i) on the date of death, or (ii) on the date that employment terminates because of disability or retirement. (f) Each grant of Stock Appreciation Rights shall be evidenced by an Award Agreement executed on behalf of the Company by any officer designated by the Committee for this purpose and delivered to and accepted by the grantee and shall contain such terms and provisions, consistent with this Plan, as the Committee may approve.View More
Restricted Stock Awards. (a) Shares of Common Stock granted pursuant to a Restricted Stock Award issued under the 2014 Plan shall not be sold, exchanged, transferred, assigned, pledged, hypothecated, or otherwise disposed of, prior to the satisfaction of such performance, service and/or elapsed time conditions ("Vesting Conditions") as may be determined by the Committee in its absolute discretion. Except as provided in Paragraph 19, or as may be provided by the Committee at the time of grant, if the recipient's service ...with the Company Bank or any of its Subsidiaries terminates prior to the satisfaction of all of the Vesting Conditions for any reason other than death, death or disability, or retirement in good standing, the recipient shall, on the date service terminates, forfeit and surrender to the Company Bank the number of shares of Common Stock with respect to which the Vesting Conditions have not been satisfied as of the date service terminates. (b) The Committee may grant or limit the right of a recipient of a Restricted Stock Award to receive dividends declared on If Common Stock underlying such Award is forfeited, dividends paid on those shares prior to the extent date of forfeiture may be retained by the Award is not yet vested. The terms of any right to dividends shall be as set forth in the applicable Award Agreement, including the time and form of payment and whether such dividends shall be credited with interest or deemed to be reinvested in additional shares of Restricted Stock. If the Committee grants the right of a recipient of a Restricted Stock Award to receive dividends declared on shares of Common Stock subject to an unvested Restricted Stock Award, then, at the discretion of the Committee and as provided in the underlying Award Agreement, such dividends shall (i) upon the dividend payment date (or shortly thereafter), be paid such dividends or (ii) be subject to the same performance conditions and/or service conditions, as applicable, to the underlying Restricted Stock Award. (c) recipient. (b) Upon each grant of a Restricted Stock Award, the Committee shall fix the Vesting Conditions. The Committee also shall determine the manner in which the grant recipient's contingent ownership of the awarded Common Stock shall be recorded until the Vesting Conditions have been satisfied. If the Committee elects to issue certificates or use other records of ownership for the awarded shares of Common Stock, each certificate or other record of ownership of Common Stock shall bear a legend or other disclosure to reflect the Vesting Conditions until all of the Vesting Conditions are satisfied. As a condition to issuance of Common Stock, the Committee may require the recipient to enter into an agreement providing for the Vesting Conditions and such other terms and conditions that it prescribes, including, but not limited to, a provision that Common Stock issued to the recipient may be held by an escrow agent until the Vesting Conditions are satisfied. The 7 Committee also may require a written representation by the recipient that he or she is acquiring the shares for investment. (d) (c) When the Vesting Conditions with respect to shares of Common Stock held in escrow have been satisfied, a certificate or other record of ownership for such shares shall be issued or created, free of any escrow; such certificate or other record shall not bear a legend or other disclosure relating to the Vesting Conditions. 8 (d) Each recipient shall agree, at the time he or she receives a Restricted Stock Award and as a condition thereof, to pay or make arrangements satisfactory to the Committee regarding the payment to the Bank of any federal, state or local taxes of any kind required by law to be withheld with respect to any award or with respect to the lapse of any restrictions on shares of restricted Common Stock awarded under this 2014 Plan, or the waiver of any forfeiture hereunder, and also shall agree that the Bank may, to the extent permitted by law, deduct such taxes from any payments of any kind due or to become due to such recipient from the Bank, sell by public or private sale, with ten days notice or such longer notice as may be required by applicable law, a sufficient number of shares of Common Stock so awarded in order to cover all or part of the amount required to be withheld, or pursue any other remedy at law or in equity. In the event that the recipient of shares of Common Stock under this 2014 Plan shall fail to pay to the Bank all such federal, state and local taxes, or to make arrangements satisfactory to the Committee regarding the payment of such taxes, the shares to which such taxes relate shall be forfeited and returned to the Bank. (e) The Committee shall have the authority at any time to accelerate the time at which any or all of the Vesting Conditions or other restrictions set forth in this 2014 Plan with respect to any or all shares of restricted Common Stock awarded hereunder shall be satisfied or lapse. (f) Unless otherwise provided by the Committee at the time of grant, if a recipient dies, or terminates employment with the Company Bank because of disability, or retires with good standing disability before the satisfaction of all of the applicable Vesting Conditions, (i) the Vesting Conditions on any Restricted Common Stock held owned by the recipient shall be considered satisfied (i) on the date of death, death or (ii) on the date that employment terminates because of disability or retirement. (f) Each grant of Stock Appreciation Rights shall be evidenced by an Award Agreement executed on behalf disability, provided such date is not less than four years subsequent to the date of the Company by award, and (ii) if the date of death or disability is within four years of the date of the awards, the Committee, in its sole discretion, can waive the Vesting Conditions as to any officer designated by or all of the Committee for this purpose and delivered to and accepted by the grantee and shall contain such terms and provisions, consistent with this Plan, as the Committee may approve. stock. View More
Restricted Stock Awards. Pursuant to the terms of CSL's 2007 Stock Incentive Plan, the Employee shall be entitled to receive a certain number of restricted stock awards. The number of shares to be offered to Employee shall be determined by the Compensation Committee.
Restricted Stock Awards. Pursuant to the terms of CSL's 2007 2019 Stock Incentive Plan, the Employee shall be entitled to receive a certain number of restricted stock awards. The number of shares to be offered to Employee shall be determined by the Compensation Committee.
Restricted Stock Awards. Pursuant to the Plan, you are hereby granted a Restricted Stock Award, subject to the terms and conditions of this Award Agreement and the Plan. Accordingly, you shall be issued the aggregate number of shares of Common Stock of Modine Manufacturing Company (the "Company") set forth above, subject to the restrictions and conditions set forth in this Award Agreement.
Restricted Stock Awards. Pursuant to the Plan, you are hereby granted a Restricted Stock Award, subject to the terms and conditions of this Award Agreement and the Plan. Accordingly, you shall be issued the aggregate number of shares of Common Stock of Modine Manufacturing Company ARI Network Services, Inc. (the "Company") set forth above, subject to the restrictions and conditions set forth in this Award Agreement.
Restricted Stock Awards. On the terms and conditions and subject to the restrictions, including forfeiture, hereinafter set forth, the Company hereby awards to Employee, and Employee hereby accepts, a restricted stock award (the "Award") of shares (the "Restricted Shares") of common stock of the Company. The Award is made effective as of , 2016 (the "Effective Date"). The Restricted Shares shall be issued in book-entry or stock certificate form in the name of Employee as of the Effective Date. The Restricted Shares shal...l be held by the Company in escrow for Employee's benefit until such time as the Restricted Shares are either forfeited by Employee to the Company or the restrictions thereon terminate as set forth in this Agreement. Employee shall not retain physical custody of any certificates representing Restricted Shares issued to Employee until such time as the restrictions on such Restricted Shares terminate as set forth in this Agreement. Employee, by acceptance of the Award, shall be deemed to appoint, and does so appoint, the Company and each of its authorized representatives as Employee's attorney(s)-in-fact to effect any transfer of forfeited Restricted Shares to the Company as may be required pursuant to the Plan or this Agreement, and to execute such representations or other documents or assurances as the Company or such representatives deem necessary or advisable in connection with any such transfer. To the extent allowable by applicable law, the Company, or its designee, shall not be liable for any act it may do or omit to do with respect to holding the Restricted Shares in escrow while acting in good faith in the exercise of its judgment.View More
Restricted Stock Awards. On the terms and conditions and subject to the restrictions, including forfeiture, hereinafter set forth, the Company hereby awards to Employee, Director, and Employee Director hereby accepts, a restricted stock award (the "Award") of shares of Common Stock (the "Restricted Shares") of common stock of the Company. Shares"). The Award is made effective as of , 2016 (the "Effective Date"). The Restricted Shares shall be issued in book-entry or stock certificate form in the name of Employee Directo...r as of the Effective Date. The Restricted Shares shall be held by the Company in escrow for Employee's Director's benefit until such time as the Restricted Shares are either forfeited by Employee Director to the Company or the restrictions thereon terminate as set forth in this Agreement. Employee Director shall not retain physical custody of any certificates representing Restricted Shares issued to Employee Director until such time as the restrictions on such Restricted Shares terminate as set forth in this Agreement. Employee, Director, by acceptance of the Award, shall be deemed to appoint, and does so appoint, the Company and each of its authorized representatives as Employee's Director's attorney(s)-in-fact to effect any transfer of forfeited Restricted Shares to the Company as may be required pursuant to the Plan or this Agreement, and to execute such representations or other documents or assurances as the Company or such representatives deem necessary or advisable in connection with any such transfer. To the extent allowable by applicable law, the Company, or its designee, shall not be liable for any act it may do or omit to do with respect to holding the Restricted Shares in escrow while acting in good faith in the exercise of its judgment. View More
