Common use of Additional Grants Clause in Contracts

Additional Grants. In addition to the initial equity grant set forth above, during the Term, pursuant to the terms and conditions of the 2004 Plan or any successor equity compensation plan as may be in place from time to time, Employee shall be eligible to receive, from time to time, awards in amounts, and subject to such terms, conditions and restrictions, as determined by the Compensation Committee of Purchaser in its sole discretion. Awards granted to Employee, if any, will be subject the terms and conditions established within the 2004 Plan (as amended from time to time) or any successor equity compensation plan as may be in place from time to time, as applicable, and the award agreement between Employer and Employee that sets forth the terms and conditions of the award (e.g., exercise price, expiration date and vesting schedule of options; the restricted period and/or other restrictions such as performance objectives relating to restricted stock and restricted stock unit awards).

Appears in 3 contracts

Samples: Employment Agreement (Lifecell Corp), Employment Agreement (Lifecell Corp), Employment Agreement (Kinetic Concepts Inc)

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Additional Grants. In addition to the initial equity grant set forth above, during the Term, pursuant to the terms and conditions of the 2004 Plan or any successor equity compensation plan as may be in place from time to time, Employee shall be eligible to receive, from time to time, awards in amounts, and subject to such terms, conditions and restrictions, as determined by the Compensation Committee of Purchaser in its sole discretion. Awards granted to Employee, if any, will be subject the terms and conditions established within the 2004 Plan (as amended from time to time) or any successor equity compensation plan as may be in place from time to time, as applicable, and the award agreement between Employer and Employee that sets forth the terms and conditions of the award (e.g., exercise price, expiration date and vesting schedule of options; the restricted period and/or other restrictions such as performance objectives relating to restricted stock and restricted stock unit awards).

Appears in 1 contract

Samples: Employment Agreement (Lifecell Corp)

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