Example ContractsClausesAward of Restricted Stock
Award of Restricted Stock
Award of Restricted Stock contract clause examples

Restricted Stock Award. Restricted Stock Award shall mean an Award of Common Stock subject to restrictions determined by the Committee as described in Section 6.4.

The Administrator is authorized to grant Restricted Stock to Eligible Individuals, and shall determine the terms and conditions, including the restrictions applicable to each award of Restricted Stock, which terms and conditions shall not be inconsistent with the Plan, and may impose such conditions on the issuance of such Restricted Stock as it deems appropriate.

The Committee may from time to time, in its absolute discretion:

The Company hereby awards to the Participant [​] Shares of Restricted Stock (hereinafter, the “Restricted Stock”), subject to the terms and conditions of this Agreement, the Plan and the Company’s Stock Ownership Guidelines. All provisions of the Plan, including defined terms, are incorporated herein and expressly made a part of this Agreement by reference. The Participant hereby acknowledges that he or she has received a copy of the Plan.

Restricted Stock Award. Subject to the terms and conditions in this Award and the Plan, the Company awards to the Participant, effective as of the Award Date, the number of shares of Common Stock of the Company reflected on the Company’s stock administration website associated with the Award Date.

Restricted Stock Award. Restricted Stock Award means a grant of shares of Stock under [Section 2.3] for no payment of consideration or such minimum consideration as may be required by applicable law, either alone or in addition to other Awards granted under the Plan, subject to a vesting schedule, the satisfaction of performance conditions or other terms of the Award.

Restricted Stock Award. The Company hereby grants to the Participant, subject to the terms and conditions set forth or incorporated herein, an Award consisting of a total of ​ shares of Common Stock, subject to adjustment under the Plan (the “Shares”). Upon the execution and delivery of this Award Agreement, the Company will, subject to Section 5 below, issue to the Participant the Shares granted hereunder, and such Shares shall constitute Restricted Stock pursuant to the Plan.

Award of Restricted Stock. Executive shall receive a grant of 125,000 restricted shares granted on November 4, 2015 and vesting in equal installments of 25,000 shares on November 4th of each calendar year beginning on the first anniversary of the grant date.

Restricted Stock Award. Subject to proper action by the Board, the Executive may be awarded, under the Company’s Stock Incentive Plan of 2015, restricted shares in accordance with the terms and provisions of the Bonus Agreement.

Subject to # the terms and conditions of the Stock Incentive Plan and # the execution and delivery of this Agreement, the Company shall award to Employee and Employee shall receive /$AwardsGranted$/ shares of Restricted Stock.

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