Stock Award definition: Copy, customize, and use instantly
Introduction
The term "Stock Award" refers to a grant of company stock, typically given to employees, directors, or consultants as part of their compensation package. Stock awards may take various forms, such as restricted stock, stock options, or performance-based awards. These awards are used to incentivize employees, align their interests with company performance, and retain top talent. The terms and conditions governing stock awards are usually outlined in employee agreements or company policies.
Below are various examples of how "Stock Award" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Stock Award" as a restricted stock grant
This definition ties "Stock Award" to a restricted stock grant.
"Stock Award" refers to a grant of restricted stock, subject to vesting requirements and company performance milestones, which the employee may receive after fulfilling specific conditions outlined in the agreement.
Definition of "Stock Award" as performance-based equity
This definition connects "Stock Award" to performance-based awards.
"Stock Award" means an award of company stock that is granted based on the achievement of predetermined performance targets, such as revenue growth, profitability, or stock price appreciation.
Definition of "Stock Award" as an equity compensation
This definition links "Stock Award" to equity compensation.
"Stock Award" refers to an equity compensation award given to employees, directors, or consultants, either in the form of stock options or actual shares of stock, as part of their remuneration package.
Definition of "Stock Award" as a bonus in stock form
This definition applies "Stock Award" to a bonus structure.
"Stock Award" means a bonus paid in the form of stock, where the recipient is granted shares of the company’s stock as part of their annual or performance-based bonus.
Definition of "Stock Award" as a vesting stock grant
This definition ties "Stock Award" to vesting conditions.
"Stock Award" refers to a grant of company stock that vests over a specified period, typically based on the recipient’s continued employment or meeting performance objectives.
Definition of "Stock Award" as an incentive for long-term performance
This definition links "Stock Award" to long-term incentives.
"Stock Award" means an award of company stock given to incentivize long-term performance, with vesting schedules that align with long-term company goals, such as multi-year financial targets.
Definition of "Stock Award" as a market-based stock incentive
This definition connects "Stock Award" to market conditions.
"Stock Award" refers to an equity grant that is tied to market-based conditions, such as stock price appreciation or the achievement of certain stock-related metrics.
Definition of "Stock Award" as a part of an executive compensation package
This definition applies "Stock Award" to executive compensation.
"Stock Award" means a component of an executive's compensation package, which may include a combination of restricted stock, stock options, or performance-based stock awards designed to retain and incentivize key executives.
Definition of "Stock Award" as an option to purchase stock
This definition ties "Stock Award" to stock options.
"Stock Award" refers to a stock option, providing the recipient with the right to purchase a specified number of shares of company stock at a predetermined price during a set period.
Definition of "Stock Award" as a stock grant with dividend rights
This definition connects "Stock Award" to dividends.
"Stock Award" means a grant of company stock that includes dividend rights, allowing the recipient to receive dividends on the stock awarded, subject to the terms of the agreement.
Definition of "Stock Award" as a restricted share with forfeiture provisions
This definition links "Stock Award" to restricted shares.
"Stock Award" refers to a restricted share award, where the recipient's right to the stock is contingent upon meeting certain conditions, such as continued employment or performance targets, with forfeiture provisions in place.
Definition of "Stock Award" as a direct stock grant
This definition connects "Stock Award" to direct grants.
"Stock Award" means a direct grant of shares of stock to an employee, director, or consultant, without requiring the recipient to purchase the stock, subject to any applicable restrictions or vesting schedules.
Definition of "Stock Award" as a convertible stock grant
This definition applies "Stock Award" to convertible shares.
"Stock Award" refers to a grant of stock that is convertible into other forms of equity or securities, such as convertible preferred stock, upon meeting specified conditions.
Definition of "Stock Award" as a dividend-paying equity grant
This definition ties "Stock Award" to equity with dividends.
"Stock Award" means a grant of equity that provides the recipient with dividend payments in addition to the value of the stock, subject to the company’s dividend policy.
Definition of "Stock Award" as a stock grant with voting rights
This definition connects "Stock Award" to voting rights.
"Stock Award" refers to an award of stock that confers voting rights to the recipient, allowing them to participate in shareholder votes according to the company’s stock ownership policies.
Definition of "Stock Award" as a non-transferable stock grant
This definition links "Stock Award" to non-transferable conditions.
"Stock Award" means a stock grant that is non-transferable for a set period, restricting the recipient from selling, transferring, or pledging the awarded shares until certain conditions are met.
Definition of "Stock Award" as a stock option with tax advantages
This definition applies "Stock Award" to tax-efficient options.
"Stock Award" refers to a stock option that offers tax advantages, such as incentive stock options (ISOs), which provide favorable tax treatment upon meeting certain requirements.
Definition of "Stock Award" as an award subject to performance metrics
This definition ties "Stock Award" to performance criteria.
"Stock Award" means an award of company stock granted based on achieving specific performance metrics, such as earnings per share (EPS) or return on equity (ROE).
Definition of "Stock Award" as a cash-equivalent stock award
This definition connects "Stock Award" to cash equivalence.
"Stock Award" refers to a stock award with cash equivalents, where the recipient is entitled to either stock or its cash equivalent based on the value of the stock at a predetermined date.
Definition of "Stock Award" as a stock grant with restrictions
This definition links "Stock Award" to conditional grants.
"Stock Award" means a grant of stock that is subject to certain restrictions, including restrictions on transferability, vesting, or other performance requirements before the stock can be fully owned by the recipient.
Definition of "Stock Award" as an equity award subject to a clawback provision
This definition ties "Stock Award" to clawback provisions.
"Stock Award" refers to a stock grant that is subject to a clawback provision, allowing the company to reclaim the award if certain conditions, such as termination for cause or failure to meet performance targets, occur.
Definition of "Stock Award" as an award granted to retain employees
This definition connects "Stock Award" to retention purposes.
"Stock Award" means a stock award granted as a retention tool, where shares are issued to employees to encourage them to stay with the company over a specified period.
Definition of "Stock Award" as a restricted stock unit (RSU)
This definition applies "Stock Award" to RSUs.
"Stock Award" refers to a restricted stock unit (RSU) where the recipient is granted a right to receive stock in the future, subject to vesting conditions and other restrictions.
Definition of "Stock Award" as an equity compensation for directors
This definition links "Stock Award" to directors’ compensation.
"Stock Award" means an equity award granted to directors, typically in the form of stock options, restricted stock, or stock units, as part of their compensation for serving on the board.
Definition of "Stock Award" as a retirement benefit in stock form
This definition ties "Stock Award" to retirement benefits.
"Stock Award" refers to an award of stock granted as part of an employee's retirement benefits package, often with special tax treatments or incentives to encourage long-term savings.
Definition of "Stock Award" as an incentive for innovation
This definition connects "Stock Award" to innovation incentives.
"Stock Award" means a stock grant issued to reward employees for creating innovative ideas, patents, or products that lead to business success.
Definition of "Stock Award" as a stock-based compensation plan
This definition links "Stock Award" to compensation plans.
"Stock Award" refers to a component of a company’s stock-based compensation plan, which offers employees or other stakeholders the opportunity to receive stock in lieu of or in addition to cash-based compensation.
Definition of "Stock Award" as an award based on company growth
This definition ties "Stock Award" to company performance.
"Stock Award" means an award of company stock granted based on meeting growth-related targets, such as revenue increase, market share expansion, or profit growth.
Definition of "Stock Award" as an award to align interests with shareholders
This definition connects "Stock Award" to shareholder alignment.
"Stock Award" refers to a stock grant issued to employees or executives to align their interests with those of shareholders, with the goal of improving company performance and stockholder value.
Definition of "Stock Award" as an award granted upon meeting milestones
This definition applies "Stock Award" to milestone-based awards.
"Stock Award" means a grant of company stock issued when an employee or executive reaches specific business milestones or personal achievements outlined in an agreement.
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