Employee Stock Ownership Plan (ESOP). Company and Executive agree that Executive will be eligible for allocations in accordance with the terms of the Employee Stock Ownership Plan.
The purpose of this 2022 Primoris Services Corporation Employee Stock Purchase Plan (the “Plan”) is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock through one-time or accumulated Contributions. The Plan is not intended to qualify as an “employee stock purchase plan” as set forth in Section 423 of the Code.
With respect to a Plan Year, an Employee may elect to # make Employee Contributions of Base Compensation other than Annual Bonus to this Plan but only if the Employee elects to contribute at least 6% of Base Compensation other than Annual Bonus for the same Plan Year to the Stock Purchase and Deferral Plan and/or # make Employee Contributions of Annual Bonus to this Plan but only if the Employee elects to contribute at least 6% of Annual Bonus for the same Plan Year to the Stock Purchase and Deferral Plan.
“Employee Stock Purchase Plan” shall have the meaning set forth in [Section 1.2] hereof.
The purpose of the CRISPR Therapeutics AG 2016 Employee Stock Purchase Plan (the Plan) is to provide eligible employees of CRISPR Therapeutics AG (the Company) and each Designated Subsidiary (as defined in [Section 11]) with opportunities to purchase shares of the Companys common stock, par value per share (the Common Stock). 413,226 shares of Common Stock in the aggregate have been approved and reserved for this purpose. The Plan is intended to constitute an employee stock purchase plan within the meaning of Section 423(b) of the U.S. Internal Revenue Code of 1986, as amended (the U.S. Code), and shall be interpreted in accordance with that intent.
On the Offering Commencement Date for the applicable Plan Purchase Period, the Company will grant to each eligible employee who is then a participant in the Plan an option (a “Purchase Right”) to purchase on the last business day of such Plan Purchase Period (the “Purchase Exercise Date”) at the applicable purchase price (the “Purchase Right Price”) up to that whole number of shares of Common Stock (the “Purchase Right Shares”) determined by # dividing by 12, # multiplying the result by the number of full months in the Plan Purchase Period and # dividing the result by the closing price (as determined below) on the Offering Commencement Date; provided, however, that no employee may be granted an Purchase Right which permits his or her rights to purchase Common Stock under this Plan and any other employee stock purchase plan (as defined in Section 423(b) of the Code) of the Company and its subsidiaries, to accrue at a rate which exceeds of the fair market value of such Common Stock (determined at the date such Purchase Right is granted) for each calendar year in which the Purchase Right is outstanding at any time; and, provided, further, however, that the Committee may, in its discretion, set a fixed maximum number of shares of Common Stock that each eligible employee may purchase per Plan Purchase Period which number may not be greater than the number of shares of Common Stock determined by using the formula in the first clause of this [Section 9(a)] and which number shall be subject to the second clause of this [Section 9(a)].
Stock Option Plan. During Employee’s employment, Employee may be granted options for shares of common stock of the Company (the “Option”), in accordance with the TerrAscend Stock Option Plan (“Stock Option Plan”), which shall be determined in the sole discretion of the Board of Directors. Pursuant to the terms of the Company’s then existing Stock Option Plan and upon approval by the Board of Directors and unless otherwise approved by the Board of Directors with respect to any individual grant, the
Employee Stock Options and Restricted Stock. Unless otherwise unanimously approved by the Companys Board of Directors, any restricted stock or stock options issued by the Company after the date hereof to any employee or consultant shall vest 25% on the first anniversary of the first day of such employee or consultants employment or consultancy relationship with the Company with ratable monthly vesting over the next three years and, in the event of a Change of Control (as defined in the Companys 2010 Special Stock Incentive Plan or the Companys 2011 Stock Incentive Plan, as the case may be), # if, following such Change of Control, either # such employee or consultant is terminated without Cause (as defined in the Companys 2010 Special Stock Incentive Plan or the Companys 2011 Stock Incentive Plan, as the case may be) by the surviving entity in such Change of Control or # such employee or consultant voluntarily terminates his or her employment or consulting relationship with the Company for Good Reason (as defined in the Companys 2010 Special Stock Incentive Plan or the Companys 2011 Stock Incentive Plan, as the case may be), any option held by such employee or consultant shall become fully-vested and exercisable in full and any shares of restricted stock held by such employee or consultant shall become fully-vested and no longer subject to forfeiture or repurchase by the Company and # if, within thirty (30) days prior to such Change of Control, such employee or consultants employment or consultancy relationship with the Company is terminated by the Company without Cause (as defined in the Companys 2010 Special Stock Incentive Plan or the Companys 2011 Stock Incentive Plan, as the case may be) or by such employee or consultant for Good Reason (as defined in the Companys 2010 Special Stock Incentive Plan or the Companys 2011 Stock Incentive Plan, as the case may be), then, on the effective date of such Change of Control, any option held by such employee or consultant shall become fully-vested and exercisable in full and any shares of restricted stock held by such employee or consultant shall become fully-vested and no longer subject to forfeiture or repurchase by the Company.
Exercise of Option. Effective as of today, the undersigned (Employee) hereby elects to exercise Employees option to purchase shares of the Common Stock (the Shares) of Protagonist Therapeutics, Inc. (the Company) under and pursuant to s 2007 Stock Option and Incentive Plan (the Plan) and the Stock Option Agreement dated , (the Option Agreement). The purchase price for the Shares shall be $ as required by the Option Agreement. Employee herewith delivers to the full Exercise Price for the Shares.
Purchase Right Holders Not Stockholders. Neither the granting of a Purchase Right to an employee nor the deductions from his or her pay shall make such employee a stockholder of the shares of Common Stock covered by a Purchase Right under this Plan until he or she has purchased and received such shares.
1.2Code Section 423. The Company intends the Plan to qualify as an “employee stock purchase plan” under Section 423 of the Code (an “Employee Stock Purchase Plan”), but makes no representation or undertaking to maintain such status. The provisions of the Plan will, with respect to the grant of Options and issuance of Shares, be construed so as to extend and limit participation on a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code.
PURPOSE. The purpose of the Universal Forest Products, Inc. 2002 Employee Stock Purchase Plan (the "Plan") is to provide employees of Universal Forest Products, Inc. (the "Company") and its "Participating Subsidiaries" (as herein defined) with a further inducement to continue their employment with the Company or the Participating Subsidiaries and to encourage such employees to increase their efforts to promote the best interests of the Company. The Plan allows Eligible Employees to purchase shares of common stock of the Company (the "Stock"), at a price less than the market price pursuant to Section 423 of the Internal Revenue Code of 1986, as amended (the "Code"). The Plan succeeds the Company's existing Employee Stock Purchase Plan that was adopted by its shareholders in (the "1994 Plan").
You will have the opportunity to enroll in the Company’s Employee Stock Purchase Plan (ESPP), which provides for the purchase of shares of Acadia common stock through payroll deductions. The ESPP currently provides for twice-annual purchases in May and November.
particular, the amount in [clause (2)] will be determined based on # the number of ADSs previously purchased with respect to such calendar years pursuant to such Offering or any other Offering under the Plan, and pursuant to any other Company or Related Corporation plans intended to qualify as an employee stock purchase plan under Section 423 of the Code, and # the number of ADSs subject to other Purchase Rights outstanding on the Offering Date for such Offering pursuant to the Plan and any other such Company or Related Corporation plan intended to qualify as an Employee Stock Purchase Plan.
"Plan" means the Garmin Ltd. Employee Stock Purchase Plan, as amended and restated on as set forth herein and as from time to time amended.
The purpose of the Garmin Ltd. Employee Stock Purchase Plan is to provide an opportunity for eligible employees to acquire a proprietary interest in Garmin Ltd. through accumulated payroll deductions. It is the intent of the Company to have the Plan qualify as an "employee stock purchase plan" under Section 423 of the Code. The provisions of the Plan shall be construed to extend and limit participation in a manner consistent with the requirements of Section 423 of the Code.
failure by the Corporation to continue in effect (without substitution of a substantially equivalent plan or a plan of substantially equivalent value) any compensation plan, bonus or incentive plan, stock purchase plan, stock option plan, life insurance plan, health plan, disability plan or other benefit plan or arrangement in which the Employee is then participating;
This Amendment No. 1 (this “Amendment”), dated as of , is hereby made to the 2020 Employee Stock Purchase Plan (the “Plan”) of Highwoods Properties, Inc. (the “Company”).
Purchase Right Holders Not Stockholders. Neither the granting of a Purchase Right to an employee nor the deductions from his or her pay shall make such employee a stockholder of the shares of Common Stock covered by a Purchase Right under this Plan until he or she has purchased and received such shares.
Purchase of Common Stock. The Corporation and its Affiliates may, but shall not be required to, purchase shares of Common Stock of the Corporation for purposes of satisfying the requirements of this option. The Corporation and its Affiliates shall have no obligation to retain and shall have the unlimited right to sell or otherwise deal with for their own account, any shares of Common Stock of the Corporation purchased for satisfying the requirements of this option.
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