Common use of Annual Equity Award Clause in Contracts

Annual Equity Award. With respect to each Company fiscal year commencing during the Term, the Executive shall be eligible to receive an annual equity compensation award (each such award, an “Annual Equity Award”). The form and terms and conditions of each Annual Equity Award shall be determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the Executive.

Appears in 4 contracts

Samples: Employment Agreement (Shake Shack Inc.), Employment Agreement (Shake Shack Inc.), Employment Agreement (Shake Shack Inc.)

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Annual Equity Award. With respect to each Company fiscal year commencing during the Term, the Executive Employee shall be eligible to receive an annual equity compensation award (each such award, an “Annual Equity Award”). The form and terms and conditions of each Annual Equity Award shall be determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the ExecutiveEmployee.

Appears in 2 contracts

Samples: Employment Agreement (Shake Shack Inc.), Employment Agreement (Shake Shack Inc.)

Annual Equity Award. With respect to each Company fiscal year commencing during the TermEach calendar year, the Executive shall be eligible to receive an annual equity compensation award during the Company’s annual grant cycle beginning in 2023 with a grant date fair value determined by the Committee to be appropriate after reviewing and considering, among other factors, amounts of equity granted to the CEOs of the Company’s peer companies (each such award, an the “Annual Equity Award”). The form and terms and conditions of each Annual Equity Award shall be determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the Executive.

Appears in 1 contract

Samples: Employment Agreement (Viridian Therapeutics, Inc.\DE)

Annual Equity Award. With respect to each Company fiscal year Fiscal Year commencing during the Term, the Executive shall be eligible to receive an annual equity compensation award (each such award, an “Annual Equity Award”). The form and terms and conditions of each Annual Equity Award shall be determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the Executive.

Appears in 1 contract

Samples: Employment Agreement (Shake Shack Inc.)

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Annual Equity Award. With respect to Following the Effective Date and for each Company fiscal year commencing of the Company thereafter during the Employment Term, the Executive shall will be eligible to receive an annual equity compensation award awards (each such award, an “Annual Equity AwardAwards”). The form , in such amounts and with such terms and conditions of each Annual Equity Award shall be as determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the ExecutiveCommittee.

Appears in 1 contract

Samples: Employment Agreement (Rackspace Hosting, Inc.)

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