Example ContractsClausesAnnual Equity Awards
Annual Equity Awards
Annual Equity Awards contract clause examples

Annual Equity Awards. Executive shall be eligible to be granted equity awards under the Company’s annual equity incentive award program in effect for other senior executives of the Company. The terms and conditions of such equity awards (including, without limitation, the form of award(s), the number of shares covered by such awards, the vesting schedule, performance conditions, restrictive provisions, etc.) shall be determined by the Compensation Committee of the Board in its sole discretion.

Annual Equity Awards. Annual Equity Awards. Each year, the Board or Compensation Committee will grant each continuing Non-Employee Director options to acquire 7,500 shares of common stock, vesting 1/12th per month with full vesting, if not fully vested at such time, on the date of the Aravive Inc.'s next annual meeting of stockholder. Such annual equity awards will ordinarily be approved in conjunction with the annual stockholder meeting.

Equity Awards. Executive shall be entitled [[Organization A:Organization]] annual equity grants, if any, as determined by the Compensation Committee. Notwithstanding the foregoing, Executive shall receive an initial grant under the Amended and Restated [[Company:Organization]] 2013 Long-Term Incentive Plan, as further amended and restated (the “Equity Plan”) (and not [[Organization A:Organization]] be considered representative of any future grants either as [[Organization A:Organization]] amount or form), with an aggregate value of $500,000, which equity award grant shall be comprised of approximately fifty percent (50%) restricted stock units and fifty percent (50%) stock options, which equity grant shall be made in the first open trading window that begins after the Effective Date and, in any event, as soon as practicable following the Effective Date. For years beginning in 2019 and thereafter, Executive shall be eligible [[Organization A:Organization]] participate in the Equity Plan with an annual target award value of between 110 and 120 percent of Base Salary, which equity award may be in the form of stock options, restricted stock units (including performance-based restricted stock units) and/or other forms of

Equity Awards. All of the Participant's equity awards outstanding on the Termination Date shall be governed by the plans under which they were granted and the agreements evidencing such awards.

Equity Awards. Promptly following the Effective Date, and subject to the approval of the Board, Executive will be granted an option to purchase 414,917 common shares of Parent, reflecting 1.50% of the fully-diluted capitalization of the Parent, at an exercise price per share equal to the closing price per Parent common share on the date of grant or the last trading day preceding the date of grant if the date of grant is not a trading day (the “Option”). Subject to Executive’s continued engagement with the Company or Parent, consisting of full or part-time employment, advisory services, or service as a member of the Board of Directors of the Company or Parent (Executive’s “Business Relationship”), the Option shall vest over a four-year period, with 25% vesting on the first anniversary of the Effective Date and the remaining 75% vesting in 36 equal monthly installments following the first anniversary of the Effective Date. The Option will be subject to the terms of Parent’s 2016 Incentive Award Plan and an award agreement evidencing such Option. Executive shall be eligible to receive additional equity awards at the discretion of the Board. Notwithstanding anything in Parent’s Non-Executive Director Compensation Program (the “NED Program”) to the contrary, those unvested options to purchase Common Shares granted to Executive prior to the Effective Date under the NED Program shall continue to vest during Executive’s Business Relationship.

Equity Awards. Effective upon a Change in Control that occurs during the Executive’s employment, and except as provided in any Equity Award documentation that explicitly or implicitly excludes such Equity Award from the effects of this Section 3, the following shall occur:

Equity Awards. Each then-outstanding and unvested Equity Award held by the Participant shall automatically become vested, and if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall lapse, in each case with respect to that number of shares underlying his or her outstanding Equity Awards as of the date of the Covered Termination that would have become vested if Participant had continued in employment or other service with the Company for a number of months equal to the Acceleration Multiplier; provided that any performance-based vesting criteria shall be treated in accordance with the applicable award agreement or other applicable equity incentive plan governing the terms of such equity award.

Equity Awards. Notwithstanding anything [[Organization A:Organization]] contrary in any equity plan of the Company or its Affiliates or Executive’s award agreement thereunder, any and all outstanding equity awards granted to Executive under any equity plan of the Company or its Affiliates will be treated as follows: # all time-based vesting conditions applicable to such awards will be treated as satisfied in full and shall lapse on the Date of Termination; and # any performance-based vesting conditions applicable to such awards shall be deemed to have been satisfied at target through the Date of Termination. Such awards will be settled in accordance with, and otherwise be subject to, the terms of the equity plan of the Company or its Affiliates and Executive’s award agreement thereunder; provided, however, that any vested restricted stock units that are not subject to Section 409A shall be settled upon Executive within sixty (60) days following the Date of Termination.

Equity Awards. On the Effective Date Executive’s acceptance of employment with the Company, Executive will be granted an option to purchase 37,500 shares of the Company’s common stock (the “Initial Option”) under the Company’s 2017 Incentive Award Plan (the “2017 Plan”). On the Effective Date, Executive will also be granted 37,500 restricted stock units (the “Initial RSUs”) under the Company’s 2017 Incentive Award Plan (the “2017 Plan”). The Initial Option will vest over a three year vesting schedule as follows: thirty-three percent (33%) of the Initial Option will vest on the first (1st) anniversary of the Effective Date and the remainder will vest in twenty-four (24) equal monthly installments thereafter, subject to Executive’s continued employment through each such vesting date. The Initial Option will have an exercise price equal to the “Fair Market Value” per share of the Company’s common stock on the date of grant (and for this purpose, “Fair Market Value” as of the grant date shall mean the closing sales price for a share of common stock as quoted on the Nasdaq Stock Market system for such date or, if there is no closing sales price for a share of common stock on the grant date, the closing sales price for a share of common stock on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Board of Directors or its Compensation Committee deems reliable). The Initial RSUs will vest in three substantially equal annual installments on June 10, 2021, 2022 and 2023, subject to Executive’s continued employment through each such vesting date. The Initial Option shall be subject to the terms and conditions of the award agreement pursuant to which the award is granted. The Initial RSUs shall be subject to the terms and conditions of the 2017 Plan and the award agreement pursuant to which the award is granted. The Initial Option is being granted to Executive as an inducement material to Executive’s entering into employment with the Company and are intended to constitute an “employment inducement” award under Nasdaq Marketplace Rule 5635(c)(4). Executive shall be eligible to receive future equity awards as determined in the discretion of the Board of Directors.

Equity Awards. Any stock, stock options, restricted stock units or other equity awards that you have previously been granted by the Company (including but not limited to any stock options granted under the Company’s 2013 Amended and Restated Equity Incentive Plan) shall continue to be governed in all respects by the terms of their applicable grant agreements, grant notices and plan documents. The Company, in its sole discretion, may award you equity grants pursuant to the Company’s equity incentive plans from time to time in its sole discretion. Subject to approval of the Board of Directors, on the first business day of the month immediately following the beginning of the Employment Period (the “Commencement Date”) you will be granted an option (the “Option”) to purchase 200,000 shares of common stock of the Company, with an exercise price equal to the fair market value of the common stock on the Commencement Date. Provided you are employed by the Company on each such date, 25% of the shares subject to the Option will vest on the first anniversary of the Commencement Date and the remaining 75% of the shares subject to the option will vest ratably at the end of each quarter over the three (3) year period thereafter. The Option will be evidenced by a standard stock option agreement, and will be subject to the terms and conditions of that agreement and the Company’s 2013 Amended and Restated Equity Incentive Plan.

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