Examples of Equity Incentive Plan in a sentence
As compensation to Consultant for rendering the Services identified in this Agreement, as soon as practicable following the date of this Agreement, the Company will issue to Consultant 30,000 shares of the Company’s common stock, par value $0.0001 per share as a stock award under the Company’s 2022 Equity Incentive Plan (the “Shares”).
The exercise price per share shall be equal to the fair market value per share on the date the shares/options are granted, beginning on the Effective Date of this Agreement upon the establishment of the Company’s Equity Incentive Plan and approved grants during the next meeting of the Board of Directors.
The Company and the Company Board (and any committee thereof) are permitted to take such action as may be necessary or desirable to give effect to this Section 2.6. Each of the Company’s 2009 Equity Incentive Plan and 2019 Equity Incentive Plan shall hereby be terminated as of the Effective Time, automatically and without the necessity of any further action.