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

Equity Award. Subject to approval by SailPoint’s Board of Directors, you will be granted an award of restricted stock units (“RSUs”) with a value of $4,000,000, determined based on the 30-trading day average closing price of SailPoint Common Stock on the date the Board approves the grant of the RSUs, rounded down to the nearest whole number. The RSUs represent the right to receive shares of SailPoint Common Stock and will vest and be settled 25% on May 28, 2021 and 6.25% per quarterly over the following 12 quarters.

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. 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. 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. You will be entitled to receive a performance-based equity award under the Waitr Holdings Inc. 2018 Omnibus Incentive Plan (the “Plan”) with a grant date value equal to approximately $200,000 based on the closing price per share of common stock of the Company (“Common Stock”) on the grant date (the “Award”). Fifty percent (50%) of the Award will be in the form of a stock option to purchase shares of Common Stock and fifty percent (50%) of the Award will be in the form of restricted shares of Common Stock. The Award will be subject to the terms and conditions set forth in the Plan and the applicable award agreements to be entered into between the Company and you.

Form of Equity Award. The equity award shall be made in the form of restricted share units (“RSUs”), provided, however, that it may be made in the form of time-based options upon notification by management to the Compensation Committee of the lack of RSU availability under the 2012 Plan (as defined below).

During the Term for so long as the Executive is serving as the Executive Chairman, Executive will be eligible to receive an annual equity incentive award representing up to 100,000 shares of the Company’s common stock (the “Performance Equity Award”) granted under Equity Incentive Plan, the vesting of which shall be based on the Company’s performance over a three-year performance period and shall be subject to the other terms and conditions as set forth in this Section 3(c) and in any applicable award agreement pursuant to the Equity Incentive Plan.

Deferral of Equity Award. Payment of the Annual Equity Award or any Pro-Rated Award will be deferred until the Non-Employee Director’s separation from service, in accordance with the terms of the Deferred Fee Plan, unless otherwise required by applicable laws.

Sign-On Equity Award. Subject to Executive’s commencing employment with the Company on the Start Date, the Company shall grant to Executive on the Start Date a one-time sign-on equity award, consisting of the following:

Subject to approval by the Board of Directors of the Parent (or the Compensation Committee thereof), the Company shall grant you options to purchase shares of the Company’s common stock at the stock’s then fair market value and/or restricted stock units in the Company (the “New Award”). The New Award shall be subject to the terms of, and contingent upon your execution of, applicable equity award agreement(s) and the applicable equity incentive plan(s) governing the terms of the New Award. For the avoidance of doubt, such equity award agreement(s) and equity incentive plan(s) are Equity Documents as defined herein. Further, for the avoidance of doubt, the New Award is an Equity Award as defined herein.

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.