Grant Date definition: Copy, customize, and use instantly
Introduction
The term "Grant Date" refers to the specific date on which rights, such as stock options, awards, or other benefits, are officially granted to an individual or entity under the terms of a contract or agreement. It is essential for determining the timing of rights, obligations, and applicable terms, such as vesting schedules or eligibility requirements.
Below are various examples of how "Grant Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Grant Date" as the effective date of stock awards
This definition ties "Grant Date" to its use in stock award agreements.
"Grant Date" means the date on which the company formally approves and allocates stock options, restricted stock units, or other equity awards to an eligible individual under the terms of the applicable plan or agreement.
Definition of "Grant Date" as the commencement date for rights
This definition connects "Grant Date" to its role as the starting point for contractual rights.
"Grant Date" refers to the date specified in the agreement as the official commencement of the recipient’s rights to the benefits, subject to conditions such as vesting or performance criteria.
Definition of "Grant Date" as the reference point for vesting
This definition links "Grant Date" to its significance in vesting schedules.
"Grant Date" means the date on which an award or benefit is granted and serves as the reference point for calculating the vesting period, eligibility, and other time-based conditions outlined in the agreement.
Definition of "Grant Date" as the approval date of awards
This definition applies "Grant Date" to the formal approval process.
"Grant Date" refers to the date on which the governing body, such as a company’s board of directors or compensation committee, formally approves the award or benefit allocation in compliance with applicable policies and laws.
Definition of "Grant Date" as the start of benefit entitlement
This definition ties "Grant Date" to the entitlement to benefits.
"Grant Date" means the date on which the recipient becomes officially entitled to the benefits specified in the agreement, including stock options, bonuses, or other compensatory rights, subject to the fulfillment of any required conditions.
Definition of "Grant Date" as the key date for option exercise
This definition connects "Grant Date" to stock options and their exercise.
"Grant Date" refers to the date on which the grantor assigns stock options to the recipient, marking the point from which the recipient may begin exercising the options under the terms of the agreement.
Definition of "Grant Date" as the trigger for contractual obligations
This definition links "Grant Date" to its role in initiating contractual obligations.
"Grant Date" means the date specified in the agreement that triggers the start of the recipient’s obligations or rights under the contract, such as performance targets or vesting conditions tied to the granted benefits.
Definition of "Grant Date" as the reference for tax implications
This definition applies "Grant Date" to its significance for tax purposes.
"Grant Date" refers to the specific date on which the grant of options or awards is made, which may impact the timing of taxable events for the recipient in accordance with applicable tax laws.
Definition of "Grant Date" as the foundational date for benefit tracking
This definition ties "Grant Date" to its role in tracking benefit progress.
"Grant Date" means the date on which the award or benefit is granted, serving as the baseline from which the company or individual tracks the progress of vesting, compliance with conditions, and entitlement milestones.
Definition of "Grant Date" as the date of approval for performance-based grants
This definition connects "Grant Date" to performance-based benefits.
"Grant Date" refers to the date on which a performance-based grant or award is approved, initiating the measurement period for achieving performance metrics or other criteria that determine the recipient’s eligibility for the award.
Definition of "Grant Date" as the benchmark for grant modifications
This definition links "Grant Date" to adjustments in grants.
"Grant Date" means the date on which the initial grant is made, which serves as the benchmark for determining the validity and any potential modifications or amendments to the terms of the grant as agreed upon by both parties.
Definition of "Grant Date" as the critical date for incentive calculation
This definition applies "Grant Date" to incentive compensation.
"Grant Date" refers to the date used as a reference for calculating the value of incentives or bonuses tied to specific grants, determining the amount based on the recipient’s actions or milestones met after that date.
Definition of "Grant Date" as the start of contractual rights for future awards
This definition ties "Grant Date" to future entitlements.
"Grant Date" means the date on which an individual is granted the right to future awards or benefits, contingent on meeting certain conditions or milestones, including but not limited to stock options or other long-term incentives.
Definition of "Grant Date" as the moment rights become exercisable
This definition links "Grant Date" to the exercisability of rights.
"Grant Date" refers to the date on which rights granted under an agreement become exercisable, including stock options, performance units, or other types of equity benefits, as specified in the terms of the agreement.
Definition of "Grant Date" as a formal commencement of equity benefits
This definition ties "Grant Date" to the beginning of equity-related benefits.
"Grant Date" means the specific date on which equity benefits, such as restricted stock or stock options, are formally initiated and recorded under the terms of the granting entity’s plan or agreement.
Definition of "Grant Date" as the starting point for legal recognition
This definition connects "Grant Date" to legal recognition of rights.
"Grant Date" refers to the date on which the grantor legally recognizes and documents the transfer of rights or benefits to the grantee, establishing the official start of the contractual obligations.
Definition of "Grant Date" as the date of documentation execution
This definition links "Grant Date" to the execution of official documents.
"Grant Date" means the date when the necessary documents, such as grant letters or agreements, are executed and finalized, confirming the recipient’s entitlement to the specified benefits.
Definition of "Grant Date" as the fixed date for valuation purposes
This definition applies "Grant Date" to its use in determining value.
"Grant Date" refers to the specific date used to determine the fair market value of stock options, awards, or other benefits for accounting or tax purposes, as specified in the grant agreement.
Definition of "Grant Date" as the initial milestone for vesting periods
This definition ties "Grant Date" to its role in vesting milestones.
"Grant Date" means the date on which the initial milestone is established for tracking vesting periods, eligibility, and other time-based conditions tied to the granted awards or benefits.
Definition of "Grant Date" as the approval date for deferred benefits
This definition connects "Grant Date" to deferred compensation arrangements.
"Grant Date" refers to the date on which deferred benefits, such as stock options or performance units, are formally approved and documented, serving as the baseline for their future realization or vesting.
Definition of "Grant Date" as the date of grantor commitment
This definition links "Grant Date" to the grantor’s commitment.
"Grant Date" means the date on which the grantor officially commits to providing the specified benefits under the agreement, subject to any conditions or performance requirements outlined in the terms.
Definition of "Grant Date" as the eligibility confirmation date
This definition applies "Grant Date" to confirming the recipient's eligibility.
"Grant Date" refers to the date on which the recipient's eligibility for the grant is confirmed and the benefits are allocated, ensuring compliance with the criteria set forth in the governing plan or agreement.
Definition of "Grant Date" as the origin of equity award timelines
This definition ties "Grant Date" to tracking equity awards.
"Grant Date" means the starting point for calculating timelines related to equity awards, such as vesting schedules, exercise windows, and expiration dates, as outlined in the grant documentation.
Definition of "Grant Date" as the contractual rights activation date
This definition connects "Grant Date" to the activation of contractual rights.
"Grant Date" refers to the date on which the rights under the agreement are activated, granting the recipient the opportunity to earn, exercise, or receive benefits as specified in the terms of the grant.
Definition of "Grant Date" as a reference point for agreement enforcement
This definition links "Grant Date" to enforcing agreements.
"Grant Date" means the date used as a reference point for enforcing the terms of the grant agreement, including compliance with conditions, timelines, and obligations tied to the awarded benefits.
Definition of "Grant Date" as a record date for equity distribution
This definition applies "Grant Date" to its use in recording equity distributions.
"Grant Date" refers to the date on which the allocation of equity awards is recorded, ensuring that the distribution complies with the terms and conditions of the governing agreement.
Definition of "Grant Date" as the baseline for performance evaluation
This definition ties "Grant Date" to performance-based awards.
"Grant Date" means the date that establishes the starting point for evaluating performance metrics or goals tied to the grant, determining whether the recipient qualifies for the full or partial benefit.
Definition of "Grant Date" as the starting point for contractual entitlements
This definition ties "Grant Date" to the initiation of contractual rights.
"Grant Date" means the date on which the recipient’s entitlement to the awarded benefits is established, marking the official commencement of rights, including stock options, bonuses, or other incentive awards, as specified in the agreement.
Definition of "Grant Date" as the initiation of performance-based criteria
This definition connects "Grant Date" to the start of performance metrics.
"Grant Date" refers to the date on which performance-based criteria are set in motion, marking the beginning of a measurement period for the recipient’s qualification to earn or vest in the granted awards or benefits.
Definition of "Grant Date" as the date of eligibility verification
This definition links "Grant Date" to verifying eligibility.
"Grant Date" means the date on which the recipient’s eligibility for the benefits, such as stock options or other equity incentives, is formally verified and the award is officially granted under the terms of the agreement.
Definition of "Grant Date" as the official recording of an award
This definition ties "Grant Date" to the formal documentation of the award.
"Grant Date" refers to the specific date on which the grantor officially records and documents the award, including stock options or equity incentives, in the recipient’s favor under the terms outlined in the governing agreement.
Definition of "Grant Date" as the establishment of benefit timelines
This definition connects "Grant Date" to the creation of timelines.
"Grant Date" means the date that serves as the starting point for tracking all relevant timelines, including vesting schedules, expiration periods, and the fulfillment of any related conditions or criteria specified in the agreement.
Definition of "Grant Date" as the day rights are made exercisable
This definition links "Grant Date" to exercisability.
"Grant Date" refers to the date on which the recipient’s rights to the awarded benefits, such as stock options, become exercisable, marking the point when the recipient can take full advantage of the benefits granted.
Definition of "Grant Date" as the determining factor for award vesting
This definition applies "Grant Date" to its role in vesting.
"Grant Date" means the date on which the clock starts for vesting periods or eligibility milestones associated with granted benefits, determining when the recipient gains full rights to those benefits.
Definition of "Grant Date" as the reference date for option expiration
This definition ties "Grant Date" to stock option expiration.
"Grant Date" refers to the date used as a reference for determining the expiration of stock options, granting the recipient a defined period to exercise the options or receive the benefits associated with the grant.
Definition of "Grant Date" as the trigger for future incentive plans
This definition connects "Grant Date" to future benefits and incentive plans.
"Grant Date" means the date on which the recipient’s future entitlement to additional awards, such as bonuses or equity compensation, is formally triggered, based on meeting the conditions set forth in the agreement.
Definition of "Grant Date" as the reference for grant modification eligibility
This definition links "Grant Date" to modifying grant terms.
"Grant Date" refers to the date from which eligibility for modifications or amendments to the original terms of the grant is determined, including changes to vesting schedules or other key elements of the award.
Definition of "Grant Date" as the date of notification of benefits
This definition applies "Grant Date" to the notification process.
"Grant Date" means the date on which the recipient is formally notified of the award or benefits, such as stock options or equity awards, establishing the timeline for the recipient to exercise or act on their granted rights.
Definition of "Grant Date" as the date for calculating stock value fluctuations
This definition connects "Grant Date" to stock value adjustments.
"Grant Date" refers to the date used for calculating the fair market value of stock-based compensation or other equity-related benefits, serving as a reference point for tracking any fluctuations in stock value for accounting purposes.
Definition of "Grant Date" as the date when contractual conditions are met
This definition ties "Grant Date" to condition fulfillment.
"Grant Date" means the date on which all contractual conditions or requirements necessary for the award of benefits or rights are met, confirming the recipient’s eligibility under the terms of the agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.