Common use of Equity Based Incentive Awards Clause in Contracts

Equity Based Incentive Awards. While the Executive remains an employee of the Company, the Executive shall be eligible to participate in stock option, restricted stock and other equity incentive programs established by the Company from time to time to provide equity-based incentives to key employees of the Company. All such equity-based incentives shall be awarded in the discretion of the Board, or a committee thereof, pursuant to the terms of a stock option agreement, restricted stock agreement or other documentation required by the Board, or a committee thereof, and the Company’s equity incentive plan in effect at the time of such award, if any. The amount and vesting terms related to any such grant shall be in the discretion of the Board, or a committee thereof.

Appears in 6 contracts

Samples: Employment Agreement (GreenKissNY, Inc.), Employment Agreement (GreenKissNY, Inc.), Employment Agreement (GreenKissNY, Inc.)

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