Common use of Future Equity Clause in Contracts

Future Equity. Executive will be eligible to receive awards of stock options, restricted stock or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or the Compensation Committee will determine in its discretion whether Executive will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time. All of Executive’s stock option agreements will permit or, subject to approval by the Board, the Compensation Committee or their authorized committee or delegate, will be amended pursuant to this Agreement to permit, as applicable, exercise of Executive’s stock options by means of a “net exercise.”