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. All of the Participant's equity awards outstanding on the Termination Date shall be governed by the plans under which they were granted and the agreements evidencing such awards.

Equity Awards. Promptly following the Effective Date, and subject to the approval of the Board, Executive will be granted an option to purchase 414,917 common shares of Parent, reflecting 1.50% of the fully-diluted capitalization of the Parent, at an exercise price per share equal to the closing price per Parent common share on the date of grant or the last trading day preceding the date of grant if the date of grant is not a trading day (the “Option”). Subject to Executive’s continued engagement with the Company or Parent, consisting of full or part-time employment, advisory services, or service as a member of the Board of Directors of the Company or Parent (Executive’s “Business Relationship”), the Option shall vest over a four-year period, with 25% vesting on the first anniversary of the Effective Date and the remaining 75% vesting in 36 equal monthly installments following the first anniversary of the Effective Date. The Option will be subject to the terms of Parent’s 2016 Incentive Award Plan and an award agreement evidencing such Option. Executive shall be eligible to receive additional equity awards at the discretion of the Board. Notwithstanding anything in Parent’s Non-Executive Director Compensation Program (the “NED Program”) to the contrary, those unvested options to purchase Common Shares granted to Executive prior to the Effective Date under the NED Program shall continue to vest during Executive’s Business Relationship.

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:

Equity Awards. Effective upon a Change in Control Termination, the following shall occur:

Equity Awards. Each then-outstanding and unvested Equity Award held by the Participant shall automatically become vested, and if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall lapse, in each case with respect to that number of shares underlying his or her outstanding Equity Awards as of the date of the Covered Termination that would have become vested if Participant had continued in employment or other service with the Company for a number of months equal to the Acceleration Multiplier; provided that any performance-based vesting criteria shall be treated in accordance with the applicable award agreement or other applicable equity incentive plan governing the terms of such equity award.

Equity Awards. Each then-outstanding and unvested Equity Award held by the Participant shall automatically become vested, and if applicable, exercisable and any forfeiture restrictions or rights of repurchase thereon shall lapse, in each case with respect to 100% of the shares underlying his or her outstanding Equity Awards as of the date of the Covered Termination for the Participant; provided that any performance-based vesting criteria shall be treated in accordance with the applicable award agreement or other applicable equity incentive plan governing the terms of such equity award. Any award that is not assumed or substituted for following a Change in Control shall accelerate in full.

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. Notwithstanding anything [[Organization A:Organization]] contrary in any equity plan of the Company or its Affiliates or Executive’s award agreement thereunder, any and all outstanding equity awards granted to Executive under any equity plan of the Company or its Affiliates will be treated as follows: # all time-based vesting conditions applicable to such awards will be treated as satisfied in full and shall lapse on the Date of Termination; and # any performance-based vesting conditions applicable to such awards shall be deemed to have been satisfied at target through the Date of Termination. Such awards will be settled in accordance with, and otherwise be subject to, the terms of the equity plan of the Company or its Affiliates and Executive’s award agreement thereunder; provided, however, that any vested restricted stock units that are not subject to Section 409A shall be settled upon Executive within sixty (60) days following the Date of Termination.

Equity Awards. All outstanding equity awards granted to Executive under any equity plan of the Company or its Affiliates shall vest, be forfeited or settled in accordance with the terms of the equity plan of the Company or its Affiliates and the applicable award agreements.

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