Equity Incentive Award. Subject to and as soon as practicable following the completion of the contemplated initial public offering of the Corporation’s common stock in accordance with that certain registration statement on Form S-1 filed by the Corporation with the U.S. Securities and Exchange Commission on November 12, 2013, as amended (such form, the “Form S-1,” and such initial public offering, the “IPO”), the Corporation will grant to the Executive a number of restricted stock units with an aggregate value of $700,000 (the “RSU Award”). The number of restricted stock units shall be determined based on the public sale price per share of the Corporation’s common stock in the IPO. The RSU Award will be subject to all of the terms and conditions of the Intrawest Resorts Holdings, Inc. 2014 Omnibus Incentive Plan (the “Omnibus Plan”) and a written award agreement to be entered into between the Corporation and the Executive, which will provide, among other things, that the restricted stock units may be settled in shares of Common Stock or cash in the Corporation’s sole discretion.
Equity Incentive Award. Following Executive’s execution of this Waiver and Release of Rights Agreement, and upon the Closing Date, Executive will be granted an accelerated 2009 equity incentive award described below (“Equity Incentive Award”). Through that Equity Incentive Award, Executive will be granted an option to purchase a number of shares of Company common stock that have a grant face value of $2,775,000 (“the Option”). The number of shares subject to the Option will be determined by dividing the grant face value by the Fair Market Value (as defined in the Invitrogen Corporation 2004 Equity Incentive Plan) on the date of the grant. The Option will be granted on the Closing Date and will vest annually over four (4) years in 25% installments. On the Closing Date, as part of the Equity Incentive Award, Executive will also be granted a number of restricted stock units of Company common stock that have a grant face value of $925,000, which will vest 100% on the 3rd anniversary of the date of the grant (“RSU Award”). The number of restricted stock units granted will be determined by dividing the grant face value by the Fair Market Value (as defined in the Invitrogen Corporation 2004 Equity Incentive Plan) on the date of the grant. The RSU Award is not subject to any performance criteria. The Equity Incentive Award will be subject to the terms and conditions of the Invitrogen Corporation 2004 Equity Incentive Plan and the applicable restricted stock units agreement and nonstatutory stock option agreement, which will not be inconsistent with the terms of this Waiver and Release of Rights Agreement and which Executive will be required to sign as a condition of receiving the Equity Incentive Award. Should Executive’s employment be terminated by Company without Cause (as defined in the Change-in-Control Agreement) or Executive resign Executive’s employment for Good Reason (as modified in this Waiver and Release of Rights Agreement) during the Employment Period, Executive’s Equity Incentive Award shall immediately become fully vested and exercisable.
Equity Incentive Award. At or promptly following the Effective Time, the Company will grant Executive an equity incentive award pursuant to a new equity incentive plan substantially in the form of the draft Clear Channel Capital III, Inc. 2007 Equity Incentive Plan attached hereto as Exhibit A and related restricted stock and stock option award agreements in substantially the forms attached hereto as Exhibits B and C, respectively. Executive shall not be eligible to receive any stock options, restricted stock or other equity of the Company or Holdings, whether under an equity incentive plan or otherwise, except as expressly provided for in this Agreement or as expressly authorized for him individually by the Board of Holdings.
Equity Incentive Award. Executive shall receive Twenty Five Million (25,000,000) common shares in the Company as a combination of option grants and share grants, pursuant to separate stock and option grant agreements to be executed within thirty (30) days of the Effective Date.
Equity Incentive Award. During the Employment Period, Executive shall be eligible to participate in all Stock Incentive Plans, policies and programs put in place by the Company.
Equity Incentive Award. “Equity Incentive Award” means the awards under the Stock Incentive Plans (taking into account both regular and special incentive opportunities, if such distinction is applicable), with the value of the Executive’s award potential to be determined on a basis consistent with the methodology and assumptions used by the Corporation prior to the Change of Control and taking into account, to the extent applicable, the design features applicable to such awards, including without limitation, the target and maximum award levels, the performance goals and the vesting terms (including rights upon termination of employment).
Equity Incentive Award. Executive will be eligible to participate in the Company’s equity incentive program and will receive a stock option grant for 3,401,437 shares of the Company’s common stock vesting over four years, assuming continued employment or service, with the first twenty-five percent (25%) vesting on the twelve (12) month anniversary of the Effective Date, and the remaining vesting in equal monthly installments over the following thirty-six (36) months. In the case of a Sale Event, as defined in the Company’s 2015 Stock Option and Grant Plan (the “Plan”), all of the shares shall vest immediately upon the Completion of a Sale Event. Executive’s stock option grant shall be subject to a stock option agreement provided by the Company and the Plan.
Equity Incentive Award. Notwithstanding any provision of the Prior Agreement to the contrary, the Executive will be entitled to annual grants of equity-based incentive awards which may be in the form of LTIP units, restricted stock, restricted stock units or any other equity-based award in such amounts as determined in accordance with Exhibit A attached hereto and incorporated herein by reference.
Equity Incentive Award. The Executive shall receive an equity award consisting of 100,000 restricted share units (the “Equity Award”), to be granted in the first quarter of 2015 pursuant to the Company’s 2013 Equity Incentive Plan.
Equity Incentive Award. Concurrently herewith, the Company is granting Executive an award consisting of options to purchase One Million Four Hundred Thousand (1,400,000) shares of common stock of the Company. The exercise price per share will be equal to the fair market value per share on the date the option is granted by the Board, pursuant to the terms of the 2007 Stock Option Plan and Stock Option Agreement of the Company, or any successor thereto, as applicable. The Board shall grant said stock options to Executive no later than September 30, 2007. Executive will vest in 400,000 of the option shares on the Effective Date, and in 25% of the remaining 1,000,000 option shares on the first anniversary of the Effective Date before the expiration of Executive’s first term of employment with the Company. The balance will vest in thirty six equal monthly installments over the following three years of services, as described in the applicable stock option agreement. Executive shall continue to have the right to exercise any vested options for a period of at least twelve (12) months after the date of termination of employment for any of the reasons set forth in paragraph 4, below, other than for a termination for Cause. Additionally, Executive shall be entitled to participate in any equity grants provided to senior management personnel of the Company under the 2007 Stock Option and Equity Incentive Plans or any successor thereto as determined by the Board in their discretion. Xxxxxx Employment Agreement
