English to Spanish Bus/Financial Accounting balance

"Recent Accounting Pronouncements: In December 2004, the Financial Accounting Standards Board issued statement No. 123R, a revision to Statement No. 123, "Accounting for Stock-Based Compensation." This standard requires the Company to measure the cost of employee services received exchange for equity awrds based on the grant date fair value of the awards. The cost will be recognized as compensation expense over the vesting period of the awards. The Company is required to adopt SFAS 123R at the beginning of the third quarter, 2005. The standard provides for a prospective application. Under this method, the Company will begin recognizing compensation cost for equity based compensation for all new or modified grants after the date of adoption. In addition, the Company will recognize the **unvested portion of the grant date fair value of awards** issued prior to adoption based on the fair values previously calculated for disclosure purposes..."

Sé que "fair value = valor justo"; había traducido award como adjudicación; ¿entonces "grant = otorgamiento"? Estoy embotada. Cualquier ayuda será infinitamente apreciada.