Example ContractsClausesCompany Equity Awards
Company Equity Awards
Company Equity Awards contract clause examples

Subject to the approval of the Compensation Committee (the “Committee”), Executive will be granted a one-time award of restricted stock units (“RSUs”) having an approximate grant date value equal to $800,000. The number of RSUs shall be calculated on the closing price per share of the Company’s common stock as of the date of grant. The RSUs vest over four years based on satisfaction of time and service-based requirements as follows: 25% will vest on the first anniversary of the vesting commencement date (as determined by the Committee) and 1/16th of the RSUs will vest every three months thereafter on the same day of the month, subject to Executive continuing to be a service provider to the Company through each such date. The RSUs will be subject to the terms and conditions of the Company’s 2014 Equity Incentive Plan and form of RSU agreement (collectively, the “Stock Agreements”), in each case, which will be made available to Executive following the date the RSUs are granted.

Subject to the approval of the Compensation Committee (the “Committee”), Executive will be granted a one-time award of restricted stock units (“RSUs”) having an approximate grant date value equal to $1,200,000. The number of RSUs shall be calculated on the closing price per share of the Company’s common stock as of the date of grant. The RSUs vest over four years based on satisfaction of time and service-based requirements as follows: 25% will vest on the first anniversary of the vesting commencement date (as determined by the Committee) and 1/16th of the RSUs will vest every three months thereafter on the same day of the month, subject to Executive continuing to be a service provider to the Company through each such date. The RSUs will be subject to the terms and conditions of the Company’s 2014 Equity Incentive Plan and form of RSU agreement (collectively, the “Stock Agreements”), in each case, which will be made available to Executive following the date the RSUs are granted.

Subject to the approval of the Compensation, Nominating and Governance Committee (the “Committee”), Executive will be granted an award of restricted stock units (“RSUs”) having an approximate grant date value equal to $700,000. The number of RSUs shall be calculated on the closing price per share of the Company’s common stock as of the date of grant. The RSUs vest over four years based on satisfaction of time and service-based requirements as follows: 25% will vest on the first anniversary of the vesting commencement date (as determined by the Committee) and 1/16th of the RSUs will vest every three months thereafter on the same day of the month, subject to Executive continuing to be a service provider to the Company through each such date. The RSUs will be subject to the terms and conditions of the Company’s 2014 Equity Incentive Plan and form of RSU agreement (collectively, the “Stock Agreements”), in each case, which will be made available to Executive following the date the RSUs are granted.

Subject to the approval of the Compensation Committee (the “Committee”), Executive will be granted a one-time award of 34,081 restricted stock units (“RSUs”) having an approximate grant value equal to $1,200,000 calculated based on the time of determination. The RSUs vest over three years based on satisfaction of time and service-based requirements as follows: 1/3rd of the RSUs will vest on each anniversary of the vesting commencement date (as determined by the Committee), subject to Executive continuing to be a service provider to the Company through each such date. The RSUs will be subject to the terms and conditions of the Company’s 2014 Equity Incentive Plan and form of RSU agreement (collectively, the “Stock Agreements”), in each case, which will be made available to Executive following the date the RSUs are granted.

Subject to the approval of the Compensation Committee (the “Committee”), Executive will be granted a one-time award of restricted stock units (“RSUs”) having an approximate grant date value equal to $400,000. The number of RSUs shall be calculated on the closing price per share of the Company’s common stock as of the date of grant. The RSUs vest over four years based on satisfaction of time and service-based requirements as follows: 25% will vest on the first anniversary of the vesting commencement date (as determined by the Committee) and 1/16th of the RSUs will vest every three months thereafter on the same day of the month, subject to Executive continuing to be a service provider to the Company through each such date. The RSUs will be subject to the terms and conditions of the Company’s 2014 Equity Incentive Plan and form of RSU agreement (collectively, the “Stock Agreements”), in each case, which will be made available to Executive following the date the RSUs are granted.

On Executive’s Start Date, Executive will be granted an award of Restricted Stock (the “RSA”) with respect to shares of the Company’s common stock having an approximate grant date value equal to $750,000. The number of shares of the Company’s common stock subject to the RSA shall be calculated on the closing price per share as of Executive’s Start Date. 50% of the RSA vests over four years based on satisfaction of time and service-based requirements as follows: 25% will vest on the first anniversary of December 1, 2018 and 1/16th of the RSUs will vest every three months thereafter on the same day of the month, subject to Executive continuing to be a service provider to the Company through each such date. The remaining 50% of the RSA vests over three years based on the satisfaction of time and service-based requirements and achievement of a company performance goal (operating income) on the same terms and conditions as applicable the performance-based equity grants made to the Company’s senior executive officers in 2018. The RSA will be subject to the terms and conditions of the Company’s 2014 Equity Incentive Plan and forms of RSA (collectively, the “Stock Agreements”), in each case, which will be made available to Executive following the date Executive’s RSAs are granted.

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:

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