Equity Award Sample Clauses

Equity Award. The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.
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Equity Award. An equity award opportunity (the “Equity Award”) during each calendar year with a target value (the “Target Equity Award”) equal to eighty percent (80%) (the “Target Equity Award Percentage”) of Employee’s Base Salary for the year in which the award is granted, such equity award to be awarded in accordance with the Company’s existing Long Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the “LTIP”). Pursuant to the terms of the LTIP, each annual equity award shall be made based on the achievement of performance goals, and may be higher or lower than the Target Equity Award based on achievement of those goals. For each calendar year during the term of this Agreement, the Board (or the Compensation Committee) of EFI will determine and will establish in writing (i) the applicable LTIP performance goals, which shall be reasonably achievable and if achieved would result in payment of the Target Equity Award, (iii) the percentage of annual Base Salary value to be awarded in equity to Employee if some lesser or greater percentage of the annual LTIP performance goals are achieved, and (iv) such other applicable terms and conditions of the LTIP necessary to satisfy the requirements of Section 409A of the Code.
Equity Award. “Equity Award” shall mean Executive’s awards of options, stock appreciation rights, restricted shares or stock units with respect to the Company or its successor, or the direct or indirect parent of either, or of any deferred compensation into which such stock options, stock appreciation rights, restricted shares or stock units were converted upon or prior to a Change of Control.
Equity Award. The Executive shall be eligible to participate in the Parent’s 2013 Performance Incentive Plan (together with any successor equity incentive plan, the “Parent Equity Plan”) and to receive grants of equity awards under the Parent Equity Plan as may be approved from time to time by the Compensation Committee in its sole discretion.
Equity Award. Executive will be eligible to receive awards of stock options, restricted stock or other equity awards based upon Executive’s performance, as determined by the Board from time to time. The Board or its committee will determine in its discretion whether and when Executive will be granted any such equity awards.
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Equity Award. (i) You shall be granted, on or about the Effective Date, restricted share units providing the right, upon vesting, to receive shares of common stock of the Company (“RSUs”) representing 1.32% of the number of shares of common stock of the Company outstanding on the Effective Date on a fully diluted basis (excluding for such purpose any outstanding and unconverted shares of Series A convertible redeemable preferred stock of the Company, the warrant to purchase shares of common stock of the Company held by Macquarie (USA), Inc. or its permitted transferee (the “Macquarie Warrant”) and the warrant to purchase shares of common stock of the Company held by Kenner Equity Management LLC or its permitted transferee (the “Kenner Warrant”)) (“Initial RSUs”). If within six months after the Effective Date (the last day of such period, the “Six Month Date”), the Initial RSUs are diluted by the issuance of additional equity as a result of (i) the conversion of Series A convertible redeemable preferred shares to common stock of the Company or (ii) the investment of additional sums in the equity of the Company, then you shall be entitled to receive an additional grant of RSUs on or about the Six Month Date that, when added to the Initial RSUs granted on the Effective Date, equals 1.32% of the number of shares of common stock of the Company outstanding on the Six Month Date on a fully diluted basis (excluding for such purpose any outstanding and unconverted shares of Series A convertible redeemable preferred stock of the Company, the Macquarie Warrant and the Kenner Warrant) (any such RSUs that are granted, the “Additional RSUs,” and together with the Initial RSUs, the “Xxxxxx RSUs”). The Xxxxxx RSUs shall vest upon the earliest to occur of (i) the consummation of a Qualified Public Offering (as defined in the Management Subscription Agreement) (an “IPO”) while you remain employed by the Company, (ii) a Substantial Liquidity Event that is also a “change in control event” as such term is used in Treasury Regulation § 1.409A-3(i)(5)(i) (with the Company as the “corporation”), which results in the Company’s equity holders receiving net proceeds in an amount equal to the sum of $250 million plus the amount of any additional equity investments in the Company that occur after the Effective Date and prior to such change in control event (a “Change in Control”), while you remain employed by the Company, or (iii) your termination of employment by the Company without Cause, your te...
Equity Award. The Company shall recommend to the Board that the Executive be granted 12,500 restricted stock units (before any change in capitalization, such as a stock split or reverse stock split that may occur between the Effective Date and the date of grant) (the “RSU Award”) on or as soon as practicable after the 61st day following the Effective Date. One third of the RSU Award shall vest on each of the first three anniversaries of the Effective Date, subject to the Executive continuing to provide services to the Company through the relevant vesting dates. The RSU Award will be subject to approval by the Board and the terms of the Company’s 2023 Stock Incentive Plan (the “Equity Plan”) and a restricted stock unit agreement between the Executive and the Company. The Executive will be eligible to receive additional equity awards at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.
Equity Award. Executive shall be eligible to receive an annual performance-based equity award under the Company’s then existing incentive equity plan based on vesting criteria determined in the discretion of the Board or a committee thereof after consultation with the Chief Executive Officer (or his delegate) of the Company, with an expected target grant date fair value equal to 100% of Executive’s Base Salary. The Executive’s entitlement to any equity award remains subject to approval by the Board or a committee thereof after consultation with the Chief Executive Officer (or his delegate) of the Company.
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