Example ContractsClausesEquity Awards
Equity Awards
Equity Awards contract clause examples

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. Upon a termination of employment pursuant to which the Executive is entitled to severance pay under [Section III].A.1., any vested stock option awards held by Executive at the time of his termination will remain exercisable by the Executive for the greater of # 90 days following the effective date of the Executive’s termination and # the remaining term of such option award, and all other Company equity awards held by Executive that remain unvested upon the effective date of his termination will be forfeited for no consideration.

Equity Awards. Subject to approval by the Board, Executive shall be granted # an option to purchase 61,200 shares of Common Stock of the Company at the fair market value on the date of grant (the “Option”) # a restricted stock unit award for 13,600 shares of Common Stock of the Company (the “RSU”) and # a performance based restricted stock unit award for 6,000 shares of Common Stock of the Company (the “PSU”). The Option shall be governed in all respects by the terms of the governing equity plan documents and option agreement between Executive and the Company and shall be subject to a vesting schedule whereby 25% of the shares subject to the Option shall vest on the first anniversary of the Start Date, with the remaining shares vesting in equal monthly installments over the following three years thereafter, subject to Executive’s continuous service through such vesting date. The RSU

Equity Awards. Each outstanding equity and equity-based compensation award granted by the Corporation to the Executive shall be treated in accordance with the terms of the plan and award agreement under which it was originally granted.

Equity Awards. During the Transition Period, Executive’s outstanding equity awards, including any options to purchase shares of Company common stock, Company restricted stock units and Company restricted stock, (collectively, “Equity Awards”) shall continue to vest and, if applicable, become exercisable and the restrictions thereupon lapse in accordance with their original vesting schedules. Vesting of Executive’s Equity Awards shall cease effective as of the Separation Date and any unvested shares underlying the Equity Awards as of such date shall automatically terminate. Executive’s rights with respect to the exercise of vested options shall continue to be governed by and subject to the terms and conditions of the related stock option agreement or any other applicable equity plans/agreements under which they were granted.

Equity Awards. During the Post-Capital Period, Executive shall be eligible to receive grants of equity-based awards as determined by the Committee and the Board in their sole discretion.

Equity Awards. Executive shall receive the following benefits with respect to the Executive’s equity awards.

In connection with the commencement of your employment and subject to the approval of the Company’s Board of Directors or its Compensation Committee, you will be granted an option to purchase 75,000 shares of the Company’s Common Stock (the “Option”) , all pursuant to the Company’s 2019 Equity Incentive Plan (the “Plan”) and the Company’s standard form of Stock Option Agreement. If granted, the vesting schedule for the Option shall be as follows: 25% of the shares subject to the option will vest after twelve (12) months of your continuous service, and the remaining 75% of the shares subject to the Option will vest in equal monthly installments over the next 36 months of your continuous service, until either your Option is fully vested or your employment as CMO ends, whichever occurs first, as described in the applicable Stock Option Agreement. The exercise price per share of the Option will be determined by the Board of Directors or the Compensation Committee when the Option is granted. The Option will be subject to the terms and conditions applicable to options granted under the Plan and the applicable Stock Option Agreement.

Equity Awards. Executive shall be eligible for the grant of stock options and other equity awards as may be determined by the Board or its Compensation Committee.

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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