Common use of Equity Plan Clause in Contracts

Equity Plan. At such time, if any, as the Company shall have adopted (and, if required, there shall have been approved by the Company’s shareholders) an equity incentive plan under which restricted shares of Common Stock may be granted (the “Plan”), the Restricted Shares and this Agreement shall be subject to the terms of such Plan, to the extent the terms of such Plan are not inconsistent with the terms of this Agreement and the applicable provisions of the Employment Agreement.

Appears in 2 contracts

Samples: Restricted Share Agreement (Sears Holdings CORP), Restricted Share Agreement (Sears Holdings CORP)

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Equity Plan. At such time, if any, as the Company shall have adopted (and, if required, there shall have been approved by the Company’s shareholders) an equity incentive plan under which restricted shares of Common Stock stock options may be granted (the “Plan”), the Restricted Shares Option and this Agreement shall be subject to the terms of such Plan, to the extent the terms of such Plan are not inconsistent with the terms of this Agreement and the applicable provisions of the Employment Agreement.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Sears Holdings CORP), Nonqualified Stock Option Agreement (Sears Holdings CORP)

Equity Plan. At such time, if any, as the Company shall have adopted (and, if required, there shall have been approved by the Company’s 's shareholders) an equity incentive plan under which restricted shares of Common Stock stock options may be granted (the "Plan"), the Restricted Shares Option and this Agreement shall be subject to the terms of such Plan, to the extent the terms of such Plan are not inconsistent with the terms of this Agreement and the applicable provisions of the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Sears Roebuck & Co)

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Equity Plan. At such time, if any, as the Company shall have adopted (and, if required, there shall have been approved by the Company’s 's shareholders) an equity incentive plan under which restricted shares of Common Stock may be granted (the "Plan"), the Restricted Shares and this Agreement shall be subject to the terms of such Plan, to the extent the terms of such Plan are not inconsistent with the terms of this Agreement and the applicable provisions of the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Sears Roebuck & Co)

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