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 senior 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. The number and/or price of any equity-based award granted to the Executive shall be determined by the Board. Notwithstanding the foregoing, the Board will grant to the Executive an award consisting of 250,000 stock appreciation rights, the terms of such award to be set forth in separate written agreements.

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 plan established by the Company in which the Company’s senior 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. The number and/or price of any equity-based award granted to the Executive shall be determined by the Board. Notwithstanding the foregoing, the Board will grant to the Executive an award consisting of 250,000 150,000 stock appreciation rights, the terms of such award to be set forth in a separate written agreementsagreement.

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 senior '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. The number and/or price of any equity-based award granted to the Executive shall be determined by the Board. Notwithstanding the foregoing, the Board will grant to the Executive an award consisting of 250,000 [182,000] restricted stock appreciation rightsunits, the terms of such award to be set forth in a separate written agreementsagreement.

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 plan established by the Company in which the Company’s senior 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. The number and/or price of any equity-based award granted to the Executive shall be determined by the Board. Notwithstanding the foregoing, the Board will grant to the Executive an award consisting of 250,000 425,000 stock appreciation rights, the terms of such award awards to be set forth in a separate written agreementsagreement.

Appears in 1 contract

Samples: Employment Agreement (ORBCOMM Inc.)

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