Annual Equity Award. Executive will be eligible for annual grants of long-term incentive and equity compensation awards at the Board’s good faith discretion, based upon the Compensation Committee’s evaluation of his performance and peer company compensation practices.
Appears in 2 contracts
Samples: Executive Employment Agreement (Inspire Pharmaceuticals Inc), Executive Employment Agreement (Inspire Pharmaceuticals Inc)
Annual Equity Award. Executive will be eligible for annual grants of long-term incentive and equity compensation awards at the BoardCompensation Committee’s good faith discretion, based upon discretion under any equity incentive compensation plan sponsored by the Compensation Committee’s evaluation of his performance and peer company compensation practicesCompany from time to time.
Appears in 1 contract
Annual Equity Award. Executive will be eligible for annual grants of long-term incentive and equity compensation awards at the BoardCompany’s good faith discretion, based upon the Compensation Committee’s evaluation of his performance and peer company compensation practicespractices (the “Annual Equity Grant”). Executive’s target Annual Equity Grant shall be consistent with his position at the Company’s peer companies; provided, however, that the target Annual Equity Grant shall not be less than one hundred fifty percent (150%) of Executive’s Salary, with vesting terms consistent with that of other executives.
Appears in 1 contract
Samples: Executive Employment Agreement (Aralez Pharmaceuticals Inc.)
