Equity Compensation Program Clause Samples

The Equity Compensation Program clause establishes the terms under which employees, consultants, or directors may receive equity-based awards, such as stock options or restricted stock, as part of their overall compensation. This clause typically outlines eligibility criteria, the types of equity awards available, vesting schedules, and procedures for granting and exercising such awards. By providing a framework for distributing company ownership interests, the clause incentivizes performance, aligns the interests of recipients with those of the company, and helps attract and retain key talent.
Equity Compensation Program. During the Employment Period, subject to approval by the Board (or an applicable committee of the Board), Executive shall be eligible to participate in Parent’s long-term incentive compensation program as may be in effect from time to time for senior executives of Parent and the Company generally, with such participation occurring in accordance with the approval of the Board (or an applicable committee of the Board), Parent and the Company’s policies, and the applicable award agreement and incentive compensation plan under which such awards will be granted, as in effect from time to time.
View SourceView Similar (6)
Equity Compensation Program. In March of each calendar year during the term of the Employment Agreements, the SH Executive Committee will measure management’s equity incentive (the “Annual Stock Award”) by the product of:
View Source
Equity Compensation Program. Subject to approval by the Company's Board of Directors, the Company will grant to you [________] Restricted Stock Units ("RSUs") of the Company's Common Stock (subject to adjustment for stock splits, combinations, or other recapitalizations) which will vest quarterly over a four-year period as to [________] shares (1/16th) beginning on the three-month anniversary of the date of grant subject to your continued employment by the Company. The RSUs will be issued pursuant to The Second Amended and Restated 1998 Stock Incentive Plan stock option plan and will be subject to all of the terms and conditions set forth in The Second Amended and Restated 1998 Stock Incentive Plan stock option plan and the agreement covering the RSUs, which must be executed to effect the grant of any RSUs. In addition, and subject to approval by the Company's Board of Directors, you may participate in future equity provided by the Company at a level consistent with similarly-situated Company employees.
View Source
Equity Compensation Program. Parent adopts the equity compensation program attached as Exhibit D (the “Equity Compensation Program”) to incentivize the Company’s employees. The Executive shall allocate Annual Stock Award, as defined therein, issued under the Equity Compensation Program among the Company’s employees, including to the Executive, subject only to the terms and limitations set forth in the Equity Compensation Program.
View Source
Equity Compensation Program. At the time of the annual review, if your performance is satisfactory or better, you will be considered for discretionary equity compensation grants. ▇▇. ▇▇▇▇▇▇ ▇. Maurer Employment Agreement Please note that under Adolor’s Policy concerning Trading in Securities and Conflicts of Interest (Policy #LGL002) employees are not permitted to purchase or sell shares of Adolor stock without written pre-approval from the Corporate Compliance Officer or Designee.
View Source

Related to Equity Compensation Program

  • Equity Compensation All unvested equity awards, including, but not limited to, stock options, stock appreciation rights and restricted stock awards held by Employee on the Date of Termination shall be deemed vested and exercisable on such Date of Termination as if Employee had been employed for an additional six (6) months following the Date of Termination. Notwithstanding the foregoing, if any option, right or award would, as a result of such accelerated vesting and exercisability no longer qualify for exemption under Section 16 of the Exchange Act, then the deemed acceleration of the vesting of such option, right or award shall apply but such option, right or award shall not become exercisable until the earliest date on which it could become exercisable and also qualify for exemption from Section 16 of the Exchange Act, unless Employee instead timely elects to receive a single lump sum cash payment equal to the value of such option, right or award, in lieu of the equity interest that Employee would otherwise receive but for the lack of an exemption under Section 16 of the Exchange Act. Any repurchase rights held by the Company on stock owned or options exercised by Employee shall be canceled on the Date of Termination. To the extent the acceleration of vesting and exercisability described in this Section 4(b)(ii) does not otherwise violate the requirements of Section 409A of the Code, this Agreement shall serve as an amendment to all of Employee’s outstanding stock options, restricted stock awards, repurchase rights, and stock appreciation rights as of the Date of Termination.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.