Common use of Equity Plan Participation Clause in Contracts

Equity Plan Participation. The Executive shall be entitled to participate in any equity option plan or restricted equity plan established by the Company in which the Company’s executives generally are permitted to participate. The terms and conditions of the Executive’s participation in, and/or any award under, any such plan shall be in accordance with the applicable controlling plan document and/or award agreement. Notwithstanding the foregoing, the Board will grant to the Executive an award consisting of 150,000 stock appreciation rights, the terms of such award to be set forth in a separate written agreement.

Appears in 1 contract

Samples: Employment Agreement (ORBCOMM Inc.)

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Equity Plan Participation. The Executive shall be entitled to participate in any equity option plan or restricted equity incentive plan established by the Company in which the Company’s 's executives generally are permitted to participate. The terms and conditions of the Executive’s 's participation in, and/or any award under, any such plan shall be in accordance with the applicable controlling plan document and/or award agreement. Notwithstanding the foregoing, the Board will grant The number and/or price of any equity-based award granted to the Executive an award consisting of 150,000 stock appreciation rights, shall be determined by the terms of such award to be set forth in a separate written agreement.Board. AmericasActive:9933006.8

Appears in 1 contract

Samples: Employment Agreement (ORBCOMM Inc.)

Equity Plan Participation. The Executive shall be entitled to participate in any equity option plan or restricted equity incentive plan established by the Company in which the Company’s 's executives generally are permitted to participate. The terms and conditions of the Executive’s 's participation in, and/or any award under, any such plan shall be in accordance with the applicable controlling plan document and/or award agreement. Notwithstanding the foregoing, the Board will grant The number and/or price of any equity-based award granted to the Executive an award consisting of 150,000 stock appreciation rights, shall be determined by the terms of such award to be set forth in a separate written agreement.Board. AmericasActive:12894213.6

Appears in 1 contract

Samples: Employment Agreement (ORBCOMM Inc.)

Equity Plan Participation. The Executive shall be entitled to participate in any equity option plan or restricted equity incentive plan established by the Company in which the Company’s executives generally are permitted to participate. The terms and conditions of the Executive’s participation in, and/or any award under, any such plan shall be in accordance with the applicable controlling plan document and/or award agreement. Notwithstanding the foregoing, the Board will grant The number and/or price of any equity-based award granted to the Executive an award consisting of 150,000 stock appreciation rights, shall be determined by the terms of such award to be set forth in a separate written agreementBoard.

Appears in 1 contract

Samples: Employment Agreement (ORBCOMM Inc.)

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Equity Plan Participation. The Executive shall be entitled to participate in any equity option plan or restricted equity incentive plan established by the Company in which the Company’s 's senior executives generally are permitted to participate. The terms and conditions of the Executive’s 's participation in, and/or any award under, any such plan shall be in accordance with the applicable controlling plan document and/or award agreement. Notwithstanding the foregoing, the Board will grant The number and/or price of any equity-based award granted to the Executive an award consisting of 150,000 stock appreciation rights, shall be determined by the terms of such award to be set forth in a separate written agreementBoard.

Appears in 1 contract

Samples: Employment Agreement (ORBCOMM Inc.)

Equity Plan Participation. The Executive shall be entitled to participate in any equity option plan or restricted equity plan established by the Company in which the Company’s 's executives generally are permitted to participate. The terms and conditions of the Executive’s 's participation in, and/or any award under, any such plan shall be in accordance with the applicable controlling plan document and/or award agreement. Notwithstanding the foregoing, the Board will grant to the Executive an award consisting of 150,000 stock appreciation rights, the terms of such award to be set forth in a separate written agreement.

Appears in 1 contract

Samples: Employment Agreement (ORBCOMM Inc.)

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