Example ContractsClausesconsequences of a reorganization event on restricted stockVariants
Remove:

Award of Restricted Stock. The Company hereby grants to Participant an award (the “Award”) of restricted stock (the “Restricted Stock”) consisting of of the Company’s Common Shares, $1 Par Value (“Common Shares”), pursuant to, and subject to the terms of, 2017 Directors Equity Incentive Plan (the “Plan”).

Award of Restricted Stock. The Company hereby grantsawards to Participant an award (the “Award”)the number of restrictedshares of common stock (the “Restricted Stock”) consisting of ofCompany, par value $0.001 per share, set forth on the Company’s Common Shares, $1 Par Valuesignature page to this Agreement (“CommonRestricted Shares”), pursuant to, and subject to the terms of, 2017 Directors Equity Incentive Plan (the “Plan”). Forfeiture Restrictions set forth herein.

Award of Restricted Stock. The CompanyCorporation, as of the Effective Date, hereby grants to the Participant ana Restricted Stock award (the “Award”) of restricted stock (the “Restricted Stock”) consisting​ shares of common stock, par value $0.10 per share, of the Company’s Common Shares, $1 Par Value (“Common SharesCorporation (the "Common Stock"), pursuant to,subject to the terms and conditions set forth herein and subject to the terms of, 2017 Directors Equity Incentiveand conditions of the Plan (the “Plan”).which is incorporated herein by reference and made a part hereof for all purposes.

Award of Restricted Stock.Stock Unit Award. The CompanyParticipant is hereby grantsawarded, pursuant to Participant an 2021 Long-Term Incentive Plan (as amended from time to time, the “Plan”), and subject to its terms, a Restricted Stock Unit award (the “Award”) of restricted stock (the “Restricted Stock”) consisting of ofgiving the Company’s Common Shares, $1 Par Value (“Common Shares”), pursuant to, andParticipant the conditional right to receive, without payment but subject to the terms of, [[Company:Organization]conditions and limitations set forth in this Agreement and in the Plan, [●] 2017 Directors Equity Incentiveshares of common stock of the Company, par value $1.00 per share (the “Shares”), subject to adjustment pursuant to Section 7 of the Plan (the “Plan”). in respect of transactions occurring after the date hereof.

AwardGrant of Restricted Stock.Stock Award. The Company hereby grants to the Participant an awardon the Grant Date set forth above a Restricted Stock Award (the “Award”) for ​ ( ) shares of restrictedcommon stock (the “Restricted Stock”) consisting of of the Company’s Common Shares, $1 Par Value (“Common SharesCompany, par value $.10 per share (the “Shares), pursuant to,on the terms and conditions set forth herein, which Shares are subject to adjustment pursuant to [Section 4(g)] of the terms of, 2017 Directors Equity Incentive Plan (the “Plan”). Plan. The Shares will be issued to the Participant for no cash consideration. The Company will cause the Shares to be issued in “book form” with its transfer agent until such time as the risk of forfeiture and other transfer restrictions set forth in this Agreement have lapsed with respect to such Shares, at which time the Company will cause the Shares to be delivered to the Participant. In the alternative, in the Company’s sole discretion, the Company will cause to be issued one or more stock certificates representing such Shares in the Participant’s name, and will hold each such certificate (together with a stock power duly executed in blank by the Participant) represented by the certificate. The Company will place a legend on such certificates describing the risk of forfeiture and other transfer restrictions set forth in this Agreement providing for the cancellation of such certificates if the Shares are forfeited as provided in Section 2 below. Until such risk of forfeiture has lapsed or the Shares subject to this Award have been forfeited pursuant to Section 2 below, the Participant is entitled to vote the Shares and to receive all dividends or other distributions attributable to such Shares, but the Participant will not have any other rights as a stockholder with respect to such Shares.

Award of Shares. Under the terms of the Plan, the Company has awarded to the Participant the Award of Restricted Stock. The Company hereby grants to Participant an award (the “Award”)Stock, effective on the Award Date, covering the number of restricted stock (the “Restricted Stock”) consisting of shares of the Company’s Common Shares, $1 Par Value (“CommonStock specified with respect to the Award on the Participant’s summary page for restricted stock awards on the internet hosting website designated by the Company for the Plan and in the Company’s records (the “Award Shares”), pursuant to, and subject to the terms of, 2017 Directors Equity Incentive Plan (the “Plan”).terms, conditions, and restrictions set forth in this Agreement.

AwardSubject to the terms and conditions of Restricted Stock. Thethe Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant an award (the “Award”) of restricted stock (the “Restricted Stock”)a Restricted Stock Award consisting of a number of the Company’sshares of Common Shares, $1 Par Value (“Common Shares”), pursuant to,Stock (the “Shares and such Shares subject to the terms of, 2017 Directors Equity Incentive Plan (the “Planvesting and other restrictions contained in this Agreement, the “Restricted Shares). set forth on the Signature Page. The Restricted Shares shall vest and become nonforfeitable in accordance with Section 2 hereof.

AwardGrant of Restricted Stock. The Company hereby grants (the “Grant”) to Participant an award (the “Award”) of restricted stock (the “Restricted Stock”) consisting of of the Company’s Common Shares, $1 Par Value (“Common Shares”), pursuant to, andParticipant, subject to the terms of, 2017 Directors Equity Incentive Plan (the “Planand conditions herein set forth, [number] restricted shares of its common stock (each a “Share” and collectively, the “Restricted Stock”).

AwardGrant of Restricted Stock. ThePursuant to [Section 7.2] of the Plan, the Company hereby grantsissues to Participant an award (the “Award”) of restricted stock (the “Restricted Stock”)the Grantee on the Award Date a Restricted Stock Award consisting of the number of shares of Common Stock of the Company’s Common Shares, $1 Par Value (“Common Shares”), pursuant to,Company set forth above, on the terms and conditions and subject to the restrictions set forth in this Award and the Plan. Capitalized terms of, 2017 Directors Equity Incentive Plan (the “Plan”).that are used but not defined herein have the meaning ascribed to them in the Plan.

Award of Restricted Stock.Stock Units. The Company hereby grants to Participant an award (the “Award”) consisting of<# of Units> restricted stock units (the “Restricted Stock”) consisting of of the Company’s Common Shares, $1 Par Value (“Common SharesStock Units” or “Units), pursuant to, and subject toto, the terms of, 2017 Directors Equity Incentive Plan (the “Plan”).of the Plan.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.