Example ContractsClausesEquity Award S
Equity Award S
Equity Award S contract clause examples

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. As soon as reasonably practicable following the Madewell Separation, you will be granted an award of restricted common equity (the “Equity Award”) representing four percent (4%) of the fully diluted equity of any entity or other holding company of the successor to the Company which shall issue equity to management of J Crew following the Madewell Separation (“Equity Issuer”), subject to approval of the board of Equity Issuer and the terms and conditions of the applicable company formation documents, equity incentive plan and equity award agreement thereunder (collectively, the “Equity Documents”). Fifty percent (50%) of the Equity Award will be subject to time-based vesting (the “Time-Based Award”), and will vest in equal installments on each of the first (1st), second (2nd), third (3rd) and fourth (4th) anniversaries of the date of grant. Fifty percent (50%) of the Equity Award will be subject to performance-based vesting (the “Performance-Based Award”), and will vest as to # one-third (1/3) of the Performance-Based Award upon the achievement of Adjusted EBITDA of the successor to the Company (“J Crew EBITDA”) of no less than $100,000,000, # as to an additional one-third (1/3) of the Performance-Based Award upon the achievement of J Crew EBITDA of no less than $150,000,000 and # as to the remaining one-third (1/3) of the Performance-Based Award upon the achievement of J Crew EBITDA of no less than $200,000,000. In each case, J Crew EBITDA achievement shall be determined by the Board in good faith on a trailing twelve (12)-fiscal month basis beginning after the date of grant (with the first such determination occurring at the end of the fiscal month following first anniversary of the date of grant) and each EBITDA target level must be sustained for a period of at least two full fiscal quarters following the initial achievement. For this purpose, J Crew EBITDA shall be determined in accordance with J Crew’s financial statements, as determined by the Board in good faith. Following the date hereof, the Board shall adjust the foregoing J Crew EBITDA targets equitably and in good faith to reflect the consequences of any future acquisitions or dispositions (other than the Madewell Separation). Except as otherwise provided in [Section 3.4], each portion of the Equity Award will vest only if you are actively employed with the Company and not in breach of this Agreement, in each case, as of the applicable vesting date. Notwithstanding the foregoing, if the Madewell Separation does not occur on or prior to January 30, 2021, the Board, after consultation with you, will approve an alternative equity-based award in Chinos Holdings, Inc., or such other entity as the Board shall determine, of an aggregate value and subject to performance vesting terms, in each case, reasonably comparable to those described above (in which case references to the Equity Award shall refer to such alternative award).

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. 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. 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.

Equity Award. On the Effective Date, Executive will be granted 160,000 options to purchase shares of the Company’s stock (the “Option”). The Option will vest over a four year vesting schedule as follows: twenty five percent (25%) of the Option will vest on the first (1st) anniversary of Executive’s commencement of employment, and the remainder will vest in thirty-six (36) monthly installments thereafter, subject to Executive’s continued employment through each such vesting date. The Option shall granted pursuant to the Company’s 2017 Incentive Award Plan (the “2017 Plan”). In addition, in the event Executive’s employment is terminated pursuant to Section 7(a)(iv) or (v) following a “Change in Control” (as such term is defined in the 2017 Plan), the vesting of the Option shall accelerate on the date of such termination. The Option shall be subject to the terms and conditions of the 2017 Plan and/or any stock option agreement pursuant to which the Option is granted. The Company will periodically review Executive's equity incentives in the future.

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

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.

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