Awards Under the Plan Clause Samples
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Awards Under the Plan. On the Effective Date, the Compensation Committee of the Board has approved stock options under the Plan entitling the Executive to purchase up to: (i) 250,000 shares of Company Common Stock with a time-based vesting schedule (the “Time-Based Option”); and (ii) 100,000 shares of Company Common Stock with a performance-based vesting schedule (the “Performance-Base Option”, together with the Time-Based Option, the “Options”). The Options will be granted at the Fair Market Value (as defined in the Plan) as of the Employment Start Date. The Time-Based Option shall vest over a four-year period with the following vesting schedule: 25% of the Option (62,500 shares of Company Common Stock) vesting on the anniversary of the Employment Start Date and an additional 25% of the Option (62,500 shares of Company Stock) shall vest on each of the following three anniversaries of the Employment Start Date provided that the Executive remains continuously employed with the Company through each such vesting date. 50,000 shares of Company Common Stock underlying the Performance-Based Option shall vest if the Company has initiated a Phase 3 clinical trial for Levosimendan by June 30, 2022 and an additional 50,000 shares of the Company Common Stock underlying the Performance-Based Option shall vest if the Company has initiated a Phase 3 clinical trial for Imatinib by June 30, 2022. A Phase 3 clinical trial shall be deemed initiated once the first patient has been enrolled in such clinical trial. The terms and conditions for the Options will be set forth in Stock Option Agreements between the Executive and the Company in the forms set forth on Exhibit A (for Time-Based Stock Option) and Exhibit B (for Performance-Based Stock Option) and shall be subject to and governed in all respects by the Plan and the respective Stock Option Agreement. The Options shall be granted as incentive stock options (“ISOs”), provided to the extent that any portion of an option does not qualify for ISO treatment on the Employment Start Date, such portion shall instead be granted as a non-qualified stock option. The Company agrees that it shall (i) promptly following the issuance of the Options, file a Registration Statement on Form S-8 with the Securities and Exchange Commission with respect to the Options and (ii) within 12 months following the issuance of the Options, seek approval from the Company’s stockholders of the issuance of those Options that qualify as ISOs in the manner required by the Inter...
Awards Under the Plan. Awards to Eligible Participants under the Plan shall be in the form of New Options.
Awards Under the Plan. Awards under the Plan may be granted in the Committee’s discretion as Options, SARs or Stock Awards, as described below. Awards may be granted singly, in combination or in tandem as determined by the Committee, in its sole discretion.
Awards Under the Plan. The Plan Committee has initially established a total of 100,000 Awards under the Plan ("Awards"). Awards under the Plan consist of the right to receive distributions from the Trust on the terms, and subject to the conditions, determined by the Plan Committee. The Awards (together with any Partnership Units related to Forfeited Awards (as defined below) which are recontributed to the Trust by the Company) may be granted from time to time by the Plan Committee, in its sole discretion. Each Award granted to an "eligible" (as determined by the Plan Committee in its sole discretion) Participant will entitle such Participant to an equal pro rata interest in any distributions made by the Trust (including, without limitation, distributions made in connection with a sale of the Company or similar liquidation event), subject to the terms and conditions as may be prescribed by the Plan Committee in connection with the granting of any Awards or the making of any distributions with respect thereto. The Plan Committee may issue additional Awards to Participants only to the extent that the Company has contributed (or recontributed) additional Partnership Units to the Trust, such that no issuance of Awards will dilute any outstanding Awards previously granted to any Participant.
Awards Under the Plan. 2.1 Agreements Evidencing Awards Each Award granted under the Plan will be evidenced by an Award Agreement that will contain such provisions and conditions as the Committee deems appropriate. Unless otherwise provided herein, the Committee may grant Awards in tandem with or, subject to Section 3.14, in substitution for or satisfaction of any other Award or Awards granted under the Plan or any award granted under any other plan of the Company Group. By accepting an Award pursuant to the Plan, a Grantee thereby agrees that the Award will be subject to all of the terms and provisions of the Plan and the applicable Award Agreement.
Awards Under the Plan. 4 What are stock options?........................................................................................................................................ 4 What are SARs?................................................................................................................................................... 4 What are RSUs?................................................................................................................................................... 4 What is restricted stock?...................................................................................................................................... 4 What are performance awards?............................................................................................................................ 4 What are other stock-based awards?.................................................................................................................... 4 What are other cash-based awards?..................................................................................................................... 4 What happens to awards on a termination of service?..........................................................................................5 What happens if there is a change in control of the Company?........................................................................... 5 What will happen upon a dissolution or liquidation?.......................................................................................... 6 When do I own the Shares underlying my awards?............................................................................................. 6 May awards be sold or transferred?..................................................................................................................... 6 When may I sell Shares that I acquire under the Plan?........................................................................................ 6 How are my awards affected if I live outside the United States?........................................................................ 7 Where do I find the terms of my awards?............................................................................................................ 7
Awards Under the Plan. (a) Form. Awards under the Plan may be granted in either or both the following forms: (i) incentive stock options ("Incentive Stock Options"), as described in Section 3, and (ii) Stock Appreciation Rights, as described in Section 4.
Awards Under the Plan