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Terms and Conditions
Terms and Conditions contract clause examples

Terms and Conditions. Each Award Agreement shall specify the number of Shares of Performance-Based Restricted Stock to which it relates, the Performance Objectives and other conditions which must be satisfied in order for the Performance-Based Restricted Stock to vest, the Performance Cycle within which such Performance Objectives must be satisfied and the circumstances under which the Award will be forfeited; provided, however, that no Performance Cycle for Performance-Based Restricted Stock shall be less than one (1) year.

Actively employed” means that the employee is a current employee of the Company.

Terms and Conditions. Subject to the provisions of the Plan, the Board shall determine the terms and conditions of each Other Stock-Based Award or Cash-Based Award, including any purchase price applicable thereto.

Terms and Conditions. It is understood and agreed that the Award evidenced hereby is subject to the following terms and conditions:

The Participant will have the right to vote the shares of Restricted Stock awarded hereunder on matters which require stockholder vote.

Terms and Conditions. It is understood and agreed that the Award evidenced hereby is subject to the following terms and conditions:

Actively employed” means that the employee is a current employee of the Company.

The Participant will have the right to vote the shares of Restricted Stock awarded hereunder.

Terms and Conditions. Each Award Agreement shall specify the number of Shares of Restricted Stock to which it relates, the conditions which must be satisfied in order for the Restricted Stock to vest and the circumstances under which the Award will be forfeited.

Terms and Conditions. Subject to the provisions of the Plan, the Board shall determine the terms and conditions of each Other Stock-Based Award, including any purchase price applicable thereto.

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