Example ContractsClausesEquity Participation
Equity Participation
Equity Participation contract clause examples

Equity Participation. For 2022, the Company expects to award Executive equity grants with a total value of $2,500,000. The Compensation Committee is in the process of evaluating changes to the design of the Company’s current equity incentive program, but expects that Executive’s equity award will consist of service-based restricted stock unit (“RSU”) grants, performance-based RSU grants, and/or performance-based stock unit (“PSU”) grants. All grants are at the discretion of the Compensation Committee and are expected to be awarded in February 2022 with such terms, performance metrics, and vesting periods as the Compensation Committee shall determine. The grants will be subject to the terms and conditions of the [[Company:Organization]] 2020 Omnibus Plan, as amended (the “Equity Plan”), and the applicable agreements evidencing the grants.

Participation. Employees in a position of Vice President or Senior Vice President are eligible for coverage under the Plan, subject to the exclusions set forth in [Section 3.2], below.

Equity Plan Participation. The Executive shall be entitled to participate in any equity incentive plan established by the Company in which the Company's executives generally are permitted to participate. The terms and conditions of the Executive's participation in, and/or any award under, any such plan shall be in accordance with the applicable controlling plan document and/or award agreement. The number and/or price of any equity-based award granted to the Executive shall be determined by the Board.

Equity Participation. For 2018, except as provided in Section 6(d), Executive’s annual service-based restricted stock unit (“RSU”) grant will not change. For 2019, Executive will participate in stock incentive plans at $150,000, which will consist of 40% service-based RSUs and 60% performance-based RSUs, although the design and awards under any such future plan are at the discretion of the Insight Board of Directors Compensation Committee. The service-based RSUs vest in equal annual installments over four years from the date of grant. The performance-based RSUs vest in equal annual installments over three years from the date of grant, with the final number of shares granted based on attainment against the Company’s annual performance metric, which, for example, was defined for 2018 as Return on Invested Capital, or ROIC. The performance-based RSUs were granted on a grid from 0 – 200%, dependent on the final performance. The RSU grant will be subject to the terms and conditions of the [[Company:Organization]] 2007 Omnibus Plan, as amended (the “Equity Plan”), and the applicable agreements evidencing the grant.

Equity Participation. For 2021, the Company expects Executive will participate in stock incentive plans at a total value of $1,000,000, which will consist of 40% service-based restricted stock unit (“RSU”) grants and 60% performance-based RSU grants, although the design and awards under any such future plan are at the discretion of the Compensation Committee. The service-based RSUs vest in equal annual installments over four years from the date of grant. The performance-based RSUs vest in equal annual installments over three years from the date of grant, with the final number of shares granted based on attainment against the Company’s annual performance metric, which, for example, was defined for 2020 as Return on Invested Capital, or ROIC. The performance-based RSUs were granted on a grid from 0 – 200%, dependent on the final performance. The RSU grants will be subject to the terms and conditions of the [[Company:Organization]] 2020 Omnibus Plan, as amended (the “Equity Plan”), and the applicable agreements evidencing the grant.

Equity Participation. For 2019, except as provided in Section 6(d), Executive’s annual service-based restricted stock unit (“RSU”) grant will not change. For 2020, the Company expects Executive will participate in stock incentive plans at a total value of $200,000, which will consist of 40% service-based RSUs and 60% performance-based RSUs, although the design and awards under any such future plan are at the discretion of the Compensation Committee. The service-based RSUs vest in equal annual installments over four years from the date of grant. The performance-based RSUs vest in equal annual installments over three years from the date of grant, with the final number of shares granted based on attainment against the Company’s annual performance metric, which, for example, was defined for 2019 as Return on Invested Capital, or ROIC. The performance-based RSUs were granted on a grid from 0 – 200%, dependent on the final performance. The RSU grant will be subject to the terms and conditions of the [[Company:Organization]] 2007 Omnibus Plan, as amended (the “Equity Plan”), and the applicable agreements evidencing the grant.

No Equity Participation. No document relating to the Mortgage Loan provides for any contingent or additional interest in the form of participation in the cash flow of the Mortgaged Property or a sharing in the appreciation of the value of the Mortgaged Property. The indebtedness evidenced by the Mortgage Note is not convertible to an ownership interest in the Mortgaged Property or the Mortgagor and no Seller has financed nor does it own directly or indirectly, any equity of any form in the Mortgaged Property or the Mortgagor.

Purchase of Equity; Participation Right. In partial consideration of the rights granted by Enanta to Abbott hereunder, Abbott agrees to purchase from Enanta, and Enanta hereby agrees to issue and sell to Abbott, shares of Series G Preferred Stock, $.001 par value per share (the “Shares”), of Enanta for an aggregate purchase price of Twelve Million Five Hundred Thousand Dollars (US $12,500,000). Abbott shall be obligated to make such payment to Enanta on the Approval Date. Such payment is payable by wire transfer of immediately available funds on the first business day following the Approval Date and pursuant to the terms and subject to the conditions set forth in the Stock Purchase Agreement attached hereto as Exhibit B (the “Stock Purchase Agreement”).

No Equity Participation. No document relating to the Mortgage Loan provides for any contingent or additional interest in the form of participation in the cash flow of the Mortgaged Property or a sharing in the appreciation of the value of the Mortgaged Property. The indebtedness evidenced by the Mortgage Note is not convertible to an ownership interest in the Mortgaged Property or the Mortgagor and no Seller has financed nor does it own directly or indirectly, any equity of any form in the Mortgaged Property or the Mortgagor.

Equity Plan Participation. The Executive shall be entitled to participate in any equity incentive plan established by the Company in which the Company's executives generally are permitted to participate. The terms and conditions of the Executive's participation in, and/or any award under, any such plan shall be in accordance with the applicable controlling plan document and/or award agreement. The number and/or price of any equity-based award granted to the Executive shall be determined by the Board.

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