Future Equity Incentive Plans Clause Samples
The 'Future Equity Incentive Plans' clause establishes the framework for the creation and implementation of additional equity-based compensation plans by a company after the current agreement is executed. It typically outlines the company's right to adopt new stock option plans, restricted stock units, or other equity awards for employees, directors, or consultants in the future, and may specify whether such plans require approval from existing shareholders or the board. This clause ensures flexibility for the company to attract and retain talent through future equity incentives while clarifying the process and any limitations, thereby preventing disputes over dilution or governance.
Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain the General Partner from adopting, modifying or terminating any Equity Incentive Plan, for the benefit of employees, directors or other business associates of the General Partner, the Partnership or any of their Affiliates. The Limited Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by the General Partner, amendments to this Section 4.05 may become necessary or advisable and that any approval or consent of the Limited Partners required pursuant to the terms of this Agreement in order to effect any such amendments requested by the General Partner shall not be unreasonably withheld or delayed.
Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain PubCo from adopting, modifying or terminating equity incentive plans for the benefit of employees, directors or other business associates of PubCo, the Company or any of their respective Affiliates. The Members acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by PubCo, amendments to this Section 3.10 may become necessary or advisable and that any approval or consent to any such amendments requested by PubCo shall be deemed granted by the Manager and the Members, as applicable, without the requirement of any further consent or acknowledgement of any other Member. In the event that any employee share purchase plan or similar plan is adopted by PubCo, Section 3.10(b) shall be applied to any share purchases thereunder mutatis mutandis.
Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain SFTY from adopting, modifying or terminating any Equity Incentive Plan, for the benefit of employees, directors or other business associates of SFTY, the Manager, the General Partner, the Partnership or any of their Affiliates. The Limited Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by SFTY, amendments to this Section 4.5 may become necessary or advisable and that any approval or consent of the Limited Partners required pursuant to the terms of this Agreement in order to effect any such amendments requested by the General Partner shall not be unreasonably withheld or delayed.
Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain the Parent from adopting, modifying or terminating any Equity Incentive Plan, for the benefit of employees, directors or other service providers of the Parent, the Partnership or any of their Affiliates.
Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain PubCo from adopting, modifying or terminating equity incentive plans for the benefit of employees, directors or other business associates of PubCo, the Company or any of their respective Affiliates. In the event that any such plan is adopted, modified or terminated by PubCo, PubCo and the Company and their Affiliates shall be entitled to administer such plans in a manner consistent with the provisions of this Section 3.06, and PubCo and the Company may make any amendments that are necessary or advisable to this Section 3.06 to accommodate such administration, without the requirement of any further consent or acknowledgement of any other Member.
Future Equity Incentive Plans. Subject in all events to the provisions of Section 7.01(a)(iv) hereof, nothing else in this Agreement shall be construed or applied to preclude or restrain the Company from adopting, modifying or terminating any Equity Incentive Plan, for the benefit of employees, directors or other business associates of the Company, the A-1 Series, the Partnership or any of their Affiliates. The Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by the Company, amendments to this Section 4.05 may become necessary or advisable and that any approval or consent of the Limited Partners required pursuant to the terms of this Agreement in order to effect any such amendments requested by the REIT General Partner shall not be unreasonably withheld or delayed.
Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain Parent or the General Partner on behalf of the Partnership from adopting, modifying or terminating any Equity Incentive Plan, for the benefit of employees, directors or other business associates of Parent, the Partnership or any of their Affiliates, in each case with the approval of the board of directors or compensation committee of Parent. The Limited Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by Parent or the General Partner on behalf of the Partnership in accordance with this Agreement, amendments to this Section 4.05 may become necessary or advisable and that any approval or consent of the Limited Partners required pursuant to the terms of this Agreement in order to effect any such amendments requested by the General Partner shall not be unreasonably withheld or delayed.
Future Equity Incentive Plans. Nothing in this Agreement shall be construed or applied to preclude or restrain Parent from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of Parent, the Partnership or any of their Affiliates. The Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by Parent, amendments to this Section 4.05 may become necessary or advisable and that any approval or consent to any such amendments requested by the General Partner shall be deemed granted by the Limited Partners.