Future Equity Compensation Sample Clauses
The Future Equity Compensation clause outlines the terms under which an individual or entity will receive equity in a company at a later date, rather than immediately. Typically, this clause specifies the type of equity (such as stock options or restricted stock units), the conditions that must be met for the equity to be granted (like continued employment or achievement of certain milestones), and the timeline for issuance. Its core practical function is to incentivize long-term commitment and performance by aligning the interests of the recipient with the future success of the company, while also deferring immediate dilution or cash outlay.
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Future Equity Compensation. The Executive understands and acknowledges that all awards, if any, of stock options, restricted stock, performance shares and other forms of equity compensation by the Company are made at the sole discretion of the Board or such other committee or person designated by the Board. The Executive further understands and acknowledges, however, that unless the Executive has executed this Agreement and each successive amendment extending the Term of Employment as may be agreed to by the Company and the Executive, it is the intention of the Board and the Executive that, notwithstanding any continued employment with the Company, (a) the Company shall have no obligation to grant any award of stock options, restricted stock, performance shares or any other form of equity compensation which might otherwise have been granted to the Executive on or after the intended commencement of the Initial Term or any Extension thereof for which the Executive has failed to sign the Agreement or the applicable Extension amendment and (b) any such award which is nevertheless granted to the Executive after the intended commencement of the Initial Term or any Extension thereof for which the Executive has failed to sign such Agreement or applicable Extension amendment shall not vest unless and until the Executive has executed the Agreement or applicable Extension amendment, notwithstanding the provisions of any agreement evidencing such award to the contrary.
Future Equity Compensation. During the Employment Period, Executive shall be eligible from time to time to participate in the Company’s equity incentive programs, subject to the discretion of the Board or its authorized designee(s). The terms and conditions of the vesting, forfeiture, and all other matters related to any equity compensation granted to Executive shall be subject to and governed by the Plan and the applicable award agreements and grant documents provided to Executive in connection with such equity compensation.
Future Equity Compensation. In addition, the Executive shall be eligible to participate in the Equity Plan at a level commensurate with similarly situated C-Suite executives of the Company, as determined in the sole discretion of the Compensation Committee and/or Parent Board; provided, however, that Executive shall not be eligible to participate in the Equity Plan in connection with the annual year-end compensation process for 2025.
Future Equity Compensation. The Committee will grant Executive additional options, restricted stock and/or other long term incentives under the Company’s equity compensation plans on the same basis as other similarly situated executive chairmen within the beverage industry. 2 To be included only if such amount is not paid pursuant to paragraph 3(b)(iv) of the consulting agreement to which this form of employment agreement is attached as an exhibit.
Future Equity Compensation. The Executive understands and acknowledges that all awards, if any, of stock options, restricted stock and other forms of equity compensation by the Company are made at the sole discretion of the Board of Directors of the Company or a committee thereof. The Executive further understands and acknowledges, however, that unless the Executive has executed this Agreement and each successive amendment extending the renewal term of the Agreement as may be agreed to by the Company and the Executive, it is the intention of the Board of Directors that, notwithstanding any continued employment with the Company, the Executive shall not be granted any award of stock options, restricted stock or any other form of equity compensation by the Company which might otherwise have been approved by the Board of Directors or a committee thereof on or after intended commencement of the initial term or such successive renewal term.
Future Equity Compensation. Executive shall be eligible, at the discretion of the Company’s Compensation Committee, for grants of equity compensation (the “Future Equity Compensation”) pursuant to one or more equity compensation agreements. Any Future Equity Compensation will be granted under and subject to the terms and conditions of an equity compensation plan of the Company as then in effect (as of the date of any grant, an “Effective Equity Compensation Plan”). The terms and conditions of such Future Equity Compensation are intended to be such that Executive shall receive a compensation package commensurate with executives performing the same functions as executives for businesses similar to the Company.
Future Equity Compensation. The Executive shall be eligible to participate in the enGene Holdings Inc. Amended and Restated 2023 Incentive Equity Plan (the “Equity Plan”) at a level commensurate with similarly situated C-Suite executives of the Company, as determined in the sole discretion of the Compensation Committee and/or Parent Board.
Future Equity Compensation. For the calendar year 2022 and thereafter, the Executive may be eligible for grants of equity compensation at the sole discretion of the ALLARITY Group. Any equity compensation will be granted under and subject to the terms and conditions of an equity compensation plan of the ALLARITY Group as then in effect. The Compensation Committee of the Board of ALLARITY Group shall establish the terms and conditions of such equity compensation in its discretion with consideration to the compensation packages paid to employees performing the same functions as employees for businesses similar to Company. Any such future grants of equity compensation shall be issued under and subject to the terms and conditions of the Allarity 2021 Equity Incentive Plan and shall be for shares of ALLARITY THERAPEUTICS, INC., listed on the U.S. Nasdaq stock market (New York, NY U.S.A.).