Example ContractsClausesgeneral consequencesVariants
Remove:

General. The Board may grant Awards entitling recipients to acquire shares of Common Stock (“Restricted Stock”), subject to the right of the Company to repurchase all or part of such shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issued at no cost) from the recipient in the event that conditions specified by the Board in the applicable Award are not satisfied prior to the end of the applicable restriction period or periods established by the Board for such Award. The Board may also grant Awards entitling the recipient to receive shares of Common Stock or cash to be delivered at the time such Award vests (“Restricted Stock Units”) (Restricted Stock and Restricted Stock Units are each referred to herein as a “Restricted Stock Award”).

General. The Board may grant Awards entitling recipients to acquire shares of Common Stock (“Restricted Stock”), subject to the right of the Company to repurchase all or part of such shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issued at no cost) from the recipient in the event that conditions specified by the Board in the applicable Award are not satisfied prior to the end of the applicable restriction period or periods established by the Board for such Award. TheInstead of granting Awards for Restricted Stock, the Board may also grant Awards entitling the recipient to receive shares of Common Stock or cash to be delivered at the time such Award vests (“Restricted Stock Units”) (Restricted Stock and Restricted Stock Units are each referred to herein as a “Restricted Stock Award”).

General. The Board may grant Awards entitling recipients to acquire shares of Common Stock (“Restricted Stock”Stock”), subject to the right of the Company to repurchase (in accordance with applicable law and the Award agreement) all or part of such shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issued at no cost) from the recipient in the event that conditions specified by the Board in the applicable Award are not satisfied prior to the end of the applicable restriction period or periods established by the Board for such Award. The Board may also grant Awards entitling the recipient to receive shares of Common Stock or cash to be delivered at the time such Award vests (“Restricted Stock Units”Units”) (Restricted Stock and Restricted Stock Units are each referred to herein as a “Restricted“Restricted Stock Award”Award”).

General.Restricted Stock Awards. The Board in its discretion may grant AwardsRestricted Stock Awards, entitling recipientsthe recipient to acquireacquire, for a purchase price determined by the Board, shares of Common Stock subject to such restrictions and conditions as the Board may determine at the time of grant (“Restricted Stock”), subject to the rightincluding continued employment and/or achievement of the Company to repurchase all or part of such shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issued at no cost) from the recipient in the event that conditions specified by the Board in the applicable Award are not satisfied prior to the end of the applicable restriction period or periods pre-.established by the Board for such Award. The Board may also grant Awards entitling the recipient to receive shares of Common Stock or cash to be delivered at the time such Award vests (“Restricted Stock Units”) (Restricted Stockperformance goals and Restricted Stock Units are each referred to herein as a “Restricted Stock Award”).objectives.

General.Grants. The Board may grant Awards entitling recipients to acquire shares of Common Stock (“Restricted Stock”),Stock, subject to # delivery to [[Organization A:Organization]] by the Participant of cash, a check or other lawful consideration in an amount at least equal to the par value of the shares purchased, and # the right of the Company[[Organization A:Organization]] to repurchase all or part of such shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issued at no cost) from the recipientParticipant in the event that conditions specified by the Board in the applicable Award are not satisfied prior to the end of the applicable restriction period or periods established by the Board for such Award. The Board may also grant Awards entitling the recipient to receive shares of Common Stock or cash to be delivered at the time such Award vests (“Restricted Stock Units”) (Restricted Stock and Restricted Stock Units are each referred to herein as(each, a “Restricted Stock Award”).

General. The BoardAdministrator may grant Awards entitling recipients to acquire shares of Common Stock (“Restricted Stock”),Stock, subject to the Company’s right of the Company to repurchase all or part of such shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issued at no cost) from the recipient in the event thatif conditions specified by the BoardAdministrator in the applicable Award are not satisfied prior tobefore the end of the applicable restriction period or periods established byperiods. Instead of granting Awards for Restricted Stock, the Board for such Award. The BoardAdministrator may also grant AwardsRSUs entitling the recipient to receive shares of Common Stock or cash to be delivered at the time such Award vests (“grants vest (and, together with Restricted Stock, “Restricted Stock Units”) (Restricted Stock and Restricted Stock Units are each referred to herein as a “Restricted Stock Award”Awards”).

General.Grant of Restricted Stock Units. The BoardCommittee may grant Awards entitling recipientsthe right to acquirereceive in the future shares of Common Stock (“Restricted Stock”), subject to forfeiture (“Restricted Stock Units”) and determine the rightduration of the Restricted Period during which, and the conditions under which, the Award may be forfeited to the Company to repurchase all or partand the other terms and conditions of such shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issued at no cost) from the recipient in the event that conditions specified by the Board in the applicable Award are not satisfied prior to the endAwards. Restricted Stock Unit Awards shall constitute an unfunded and unsecured obligation of the applicable restriction period or periods established by the Board for such Award. The Board may also grant Awards entitling the recipient to receiveCompany, and shall be settled in shares of Common Stock or cash to be deliveredcash, as determined by the Committee at the time such Award vests (“Restricted Stock Units”) (Restricted Stock and Restricted Stock Units areof grant or thereafter. Such Awards shall be made in the form of “units” with each referred to herein as a “Restricted Stock Award”).unit representing the equivalent of one share of Common Stock.

General. The Board may grantRestricted Stock Awards entitling recipients to acquireRestricted Stock Awards shall consist of shares of Common Stock restricted against transfer (“Restricted Stock”), and subject to the righta substantial risk of the Company to repurchase all or part of such shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issuedforfeiture. The Committee may, in its sole discretion, grant Restricted Stock at no cost) fromcost to a Participant or it may establish a cost (the “Purchase Price”), which may be less than or equal to the recipient inFair Market Value of a share of Common Stock on the event thatdate of grant, for each share of Restricted Stock granted to a Participant. The terms and conditions of each Restricted Stock Award granted under the Plan shall be specified by the BoardCommittee, in its sole discretion, and shall be set forth in a written agreement between the applicable Award are not satisfied priorCompany and the Participant in such form as the Committee shall approve from time to the endtime or as may be reasonably required in view of the applicable restriction period or periods establishedterms and conditions approved by the Board forCommittee from time to time. The agreements shall contain in substance the following terms and conditions and may contain such Award. The Board may also grant Awards entitlingadditional terms and conditions, not inconsistent with the recipient to receive sharesterms of Common Stock or cash to be delivered at the time such Award vests (“Restricted Stock Units”) (Restricted Stock and Restricted Stock Units are each referred to hereinPlan, as a “Restricted Stock Award”).the Committee shall deem desirable.

General.Grant of Restricted or Unrestricted Stock Awards. The BoardCommittee may grant Awards entitling recipients to acquire shares of Common Stock (“Restricted Stock”), subject to forfeiture (“Restricted Stock”) and determine the rightduration of the period (the “Restricted Period”) during which, and the conditions under which, the shares may be forfeited to the Company to repurchase all or partand the other terms and conditions of such Awards. Shares of Restricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered, except as permitted by the Committee, during the Restricted Period. Shares of Restricted Stock shall be evidenced in such manner as the Committee may determine. Any certificates issued in respect of shares at their issue price or other stated or formula price (or to require forfeiture of such shares if issued at no cost) from the recipientRestricted Stock shall be registered in the event that conditions specifiedname of the Participant and unless otherwise determined by the BoardCommittee, deposited by the Participant, together with a stock power endorsed in blank, with the applicable Award are not satisfied priorCompany. At the expiration of the Restricted Period, the Company shall deliver such certificates to the endParticipant or if the Participant has died, to the Participant’s Designated Beneficiary. The Committee also may make Awards of the applicable restriction period or periods established by the Board for such Award. The Board may also grant Awards entitling the recipient to receive shares of Common Stock that are not subject to restrictions or cashforfeiture, on such terms and conditions as the Committee may determine from time to be delivered at the time such Award vests (“Restricted Stock Units”) (Restricted Stock and Restricted Stock Units are each referred to herein as a “Restricted Stock Award”).time.

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.