Example ContractsClausesAnnual Equity Award
Annual Equity Award
Annual Equity Award contract clause examples

Annual Equity Award. With respect to each Company fiscal year that ends during the Term, commencing in fiscal year 2023, the Executive shall be eligible to receive an annual equity compensation award with respect to an aggregate target number of shares of [[Novanta:Organization]] common stock equal to the quotient of # a dollar amount determined by the Committee or the Board in its discretion, divided by # the closing price per share of [[Novanta:Organization]] common stock on the grant date (each such award, an “Annual Equity Award”). The form of each Annual Equity Award (i.e., options, restricted stock units, performance stock units or other equity-based compensation awards), and the terms and conditions of each Annual Equity Award shall be determined by the Committee or the Board in its discretion and shall be set forth in one or more written award agreements between [[Novanta:Organization]] and the Executive; provided that each Annual Equity Award shall be granted at the same time (generally, in February of the fiscal year in question) as, and, except as set forth in this Agreement, shall be subject to the same vesting schedule (including performance vesting) and other general terms and conditions as, annual equity awards made to other senior executives of the Company. Notwithstanding anything in this Agreement to the contrary, for fiscal year 2023, it will be recommended to the Committee or the Board, as applicable, that the Executive’s Annual Equity Award have a minimum dollar amount of $640,000.

Annual Equity Award. A person who is a Non-Employee Director immediately following each annual meeting of the Company’s stockholders and who will continue to serve as a Non-Employee Director following such annual meeting shall be automatically granted, on the second market trading day following the date of each such annual meeting, a restricted share unit award with a grant date value equal to $160,000 (the “Annual Equity Award”). The Annual Equity Award shall vest on the earlier of the first anniversary date of the grant date or the date of the Company’s next subsequent annual meeting of stockholders following the grant date.

Equity Award. Not later than sixty days after the Effective Date, subject to the Board and majority shareholder approval as may be required, you will be granted a stock option (the “Option”) to purchase up to 75,000 shares of the Company’s Common Stock, pursuant to the Company’s Stock Incentive Plan (the “Plan”). You will be eligible to participate in and receive additional stock option or equity award grants under the Company’s equity incentive plan from time to time in the sole discretion of the Board and majority shareholder, as applicable, and in accordance with the terms and conditions of such plans.

Equity Award. The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

Equity Award. Subject [[Organization A:Organization]] the approval of the Board (or the compensation committee thereof), the Company shall, effective upon the Commencement Date, provided that the Commencement Date occurs on or before August 15, 2019, grant [[Organization A:Organization]] the Executive a stock option [[Organization A:Organization]] purchase 72,184 shares of the Company’s common stock (the “Option”), such Option [[Organization A:Organization]] # have an exercise price per share equal [[Organization A:Organization]] the closing price per share of the Company’s common stock on the Nasdaq Global Select Market on the Commencement Date, # vest and become exercisable, subject [[Organization A:Organization]] the Executive’s continued service on each applicable vesting date, at a rate of 25% of the total number of shares underlying the Option on the first anniversary of the Commencement Date, and following that, as [[Organization A:Organization]] an additional 2.0833% of the total shares underlying the Option on a monthly basis in arrears, provided that the Executive remains employed by the Company on the applicable vesting date; and # be subject [[Organization A:Organization]] the terms of the Company’s 2018 Stock Incentive Plan and the applicable award agreement. In addition, subject [[Organization A:Organization]] approval by the Board of Directors (or the compensation committee thereof), the Company shall, effective upon the Commencement Date, provided that the Commencement Date occurs on

Equity Award. It will be recommended to the Board of [[Company:Organization]] that you receive a grant of 50,000 Restricted Stock Units (“RSU”) in [[Company:Organization]], which shall vest over a three-year time period commencing on the first business day of the month after the Effective Date (the “Vesting Calculation Date”), with one-third (1/3) vesting on the first anniversary of the Vesting Calculation Date, one-third (1/3) vesting on the second anniversary of the Vesting Calculation Date, and the remaining one-third (1/3) vesting on the third anniversary of the Vesting Calculation Date. Such grant shall be subject to your execution of [[Company:Organization]]’s standard RSU agreement and your continued service with the Company. The restricted stock units shall be governed by the RSU agreement and related equity incentive plan of the Company, respectively.

Equity Award. You will be entitled to receive a performance-based equity award under the Waitr Holdings Inc. 2018 Omnibus Incentive Plan (the “Plan”) with a grant date value equal to approximately $200,000 based on the closing price per share of common stock of the Company (“Common Stock”) on the grant date (the “Award”). Fifty percent (50%) of the Award will be in the form of a stock option to purchase shares of Common Stock and fifty percent (50%) of the Award will be in the form of restricted shares of Common Stock. The Award will be subject to the terms and conditions set forth in the Plan and the applicable award agreements to be entered into between the Company and you.

Equity Award. On or as soon as practicable following the Effective Date, Executive shall receive an award of restricted stock units under the [[Company:Organization]] 2018 Omnibus Incentive Plan (the “Incentive Plan”) having a grant date Fair Market Value (as defined in the Incentive Plan) equal to approximately $500,000 (the “RSU Award”). The RSU Award will vest in three (3) equal installments on the first, second and third anniversaries of the grant date, subject to Executive’s continued employment through the applicable vesting date. The RSU Award will vest in full upon a Change in Control (as defined in the Incentive Plan), subject to Executive’s continued employment through the closing of such Change in Control. The RSU Award shall be subject to the terms and conditions of the Incentive Plan and a written award agreement to be entered into between the Company and Executive. All other terms and conditions applicable to the Award shall be determined by the Board or the Compensation Committee.

Equity Award. On or as soon as practicable following the Effective Date, Executive shall receive an award of restricted stock units under the [[Company:Organization]] 2018 Omnibus Incentive Plan (the “Incentive Plan”) having a grant date Fair Market Value

Annual Award. On the date of each Annual Stockholders Meeting of the Company, beginning with the 2021 Annual Stockholders Meeting of the Company, but after any stockholder votes are taken on such date, each Outside Director who is to continue to serve as such will automatically be granted an Award (“Annual Award”) of # Deferred Stock Units or # if timely elected, Restricted Stock Units with an aggregate Fair Market Value of $150,000.

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