Example ContractsClausesEquity Award
Equity Award
Equity Award contract clause examples

Equity Award. The Executive will be eligible [[Organization A:Organization]] 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. The Executive will be eligible [[Organization A:Organization]] 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. The Executive will be eligible [[Organization B:Organization]] 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. On or as soon as practicable following the Effective Date, Executive shall receive an award of 100,000 restricted stock units (“RSU Award”) under the [[Company:Organization]] 2018 Omnibus Incentive Plan (the “Incentive Plan”), each restricted stock unit representing the right, subject to terms and conditions of the Incentive Plan and RSU Award to one share of Company common stock if and when the underlying RSU Award vests. The RSU Award will vest in three (3) equal installments as follows, subject to Executive’s continued employment through each applicable vesting date: # 33,333 RSU’s will vest on the first anniversary date of this Agreement; # 33,333 RSU’s will vest on the second anniversary date of this Agreement; and # 33,333 RSU’s will vest on the third anniversary date of this Agreement. 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 become effective upon entry into a written award agreement by and between the Company and Executive. All other terms and conditions applicable to the Award shall be determined by the Board.

Equity Award. Previously, at the recommendation of AbCellera’s Chief Executive Officer, the AbCellera Compensation Committee awarded Employee seventy thousand (70,000) Restricted Share Units (RSUs) vesting in equal amounts on an annual basis starting August 1, 2021, for a period of four (4) years. Additionally, the AbCellera Compensation Committee awarded Employee one hundred five thousand (105,000) share options (“Options”) on August 1, 2021, with vesting such that twenty five percent (25%) of the Options vest on the first anniversary date of the award and the remaining Options vesting in equal installments monthly over the next three years. In addition, on December 7, 2021, the AbCellera Compensation Committee awarded Employee one hundred eight thousand two hundred seventy-two (108,272) Options vesting such that twenty five percent (25%) of the Options vest on the first anniversary date of the award and the remaining Options vesting in equal installments monthly over the next three years and sixty eight thousand seven hundred twenty nine (68,729) RSUs vesting in equal amounts on an annual basis starting December 7, 2021, for a period of four (4) years.

Equity Award. You will be eligible to receive equity awards pursuant to the Peraso Inc. Amended and Restated 2019 Stock Incentive Plan. The type and amount of an equity award will be # determined by the Compensation Committee of the Board and # commensurate with awards granted to other executives of the Company.

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 Compensation Committee will grant the Executive an award of 700,000 restricted stock units (the “RSUs”, and such award, the “Equity Award”) upon or within thirty days after the Start Date, subject to the Executive’s continued service with the Company through the grant date. The RSUs subject to the Equity Award shall vest as follows: # 400,000 of the RSUs conferred under the Equity Award (the “Time-Based Portion”) will be subject to time-based vesting, with twenty-five percent (25%) of the RSUs vesting on each anniversary of the Start Date and # 300,000 RSUs underlying the Equity Award (the “Performance-Based Portion”) will vest based on the vesting schedule set forth on Exhibit A attached hereto. The additional terms and conditions of the Equity Award will be determined by the Compensation Committee and set forth in a separate award agreement (the “Equity Award Agreement”) in a form prescribed by the Company (which terms and conditions shall be no less favorable than the terms of equity awards provided to other senior executives generally), and the Equity Award will be governed in all respects by the terms and conditions of the [[Managing Member:Organization]] 2020 Incentive Award Plan and the applicable award agreement.

Equity Award. Subject to approval by the compensation committee of the Board or a majority of the Company’s Independent Directors as defined in Nasdaq Listing Rule 5605(a)(2), and as a material inducement to the Executive entering into employment with the Company and serving as Chief Financial Officer of the Company, on or about the Effective Date, the Company shall grant the Executive:

Equity Award. On or as soon as practicable following the date of this Agreement, Executive shall receive an award of 3,500,000 restricted stock units (the “RSU Award”) under the [[Company:Organization]] 2018 Omnibus Incentive Plan (the “Incentive Plan”), each restricted stock unit representing the right, subject to terms and conditions of the Incentive Plan and RSU Award to one share of Company common stock if and when the underlying RSU Award vests. The RSU Award will vest in three (3) equal installments on the first, second and third anniversaries of January 3, 2022, subject to Executive’s continued employment through the applicable vesting date. The RSU Award will vest in full upon # a Corporate Change, subject to Executive’s continued employment through the closing of such Corporate Change, # termination by Executive of this Agreement for Good Reason, or # termination by the Company of this Agreement other than for Misconduct. The RSU Award shall be subject to the terms and conditions of the Incentive Plan and become effective upon entry into a written award agreement by and between the Company and Executive. All other terms and conditions applicable to the Award shall be determined by the Board or the Compensation Committee of the Board.

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