Equity Pool Clause Samples
An Equity Pool clause establishes a set amount of company shares reserved for allocation to employees, advisors, or other stakeholders, typically as part of an incentive or compensation plan. This clause outlines the size of the pool, eligibility criteria, and the process for granting equity awards, such as stock options or restricted stock units. Its core practical function is to ensure that there is a clear and predefined mechanism for distributing ownership interests, which helps attract and retain key talent while aligning their interests with the company's long-term success.
Equity Pool. In the event of a Change of Control, Executive shall be entitled to a 4.55% interest in the Equity Pool (an "Equity Share"). Subject to Executive's continued employment with the Company or any of its Subsidiaries, the Equity Share shall be payable in a lump sum cash payment on the date which is six months following the Change of Control (the "Payment Date"); provided, however, that if (i)(A) Executive is terminated by the Company and its Subsidiaries without Cause, (B) Executive's employment terminates due to Executive's death or Permanent Disability or (C) Executive resigns with Good Reason following the Change of Control but prior to the Payment Date or (ii) Executive is terminated prior to the Change in Control, under the circumstances described in Section 3, Executive shall be entitled to the payment of the Equity Share within fifteen business days after (x) such termination of employment or (y) if later, the date of the Change of Control. The Equity Shares shall not be considered compensation under any qualified or nonqualified pension, welfare or deferred compensation plan of the Company.
Equity Pool. Not Applicable.
Equity Pool. Any Issuance of shares of capital stock or Convertible Securities (in an aggregate amount not to exceed the Equity Pool Cap applicable to the period in which such Issuance is made), in each case to the extent approved by the Board or pursuant to an employment benefit plan or arrangement approved by the Board, to officers, employees, directors or consultants (other than a member of an Investor Group or an Affiliate thereof) of the Company or its subsidiaries in connection with such Person’s employment or consulting arrangements with the Company or its subsidiaries;
Equity Pool. Effective on the Closing Date, Parent shall grant or cause to be granted 178,000 stock options for shares of common stock of Parent (“Parent Common Stock”) with an exercise price equal to the “Fair Market Value” (as defined in the WebMD Health Corp. 2005 Long-Term Incentive Plan (the “Parent Stock Plan”)) of Parent Common Stock on the Closing Date, and 60,243 restricted shares of Parent Common Stock, to certain employees of the Company in accordance with the terms of the Parent Stock Plan and Parent’s standard forms of option and restricted stock agreements.