Future Grants. Executive shall be entitled to participate in future stock option grants (the “Future Stock Options”) as determined by the compensation committee of the Board.
Future Grants. Nothing contained in this Agreement or other document shall require the grant to Participant of additional Awards or any other Benefit under the Plan or prohibit any other Benefit which is granted from being a different Benefit or from being granted on different and/or additional terms and conditions than those in this Agreement.
Future Grants. Executive shall be eligible for grants of Options, restricted stock and other permissible awards under the Incentive Plan, as the Board or Compensation Committee of the Merged Entity shall, in its absolute and sole discretion, determine.
Future Grants. In addition to the stock options previously granted to the Executive, the Executive shall be eligible for periodic grants of stock options or other equity awards under the Company’s equity award program, subject to the Executive’s continued employment hereunder. The terms, exercise price (if applicable), vesting period, any post-termination of employment provisions, and other provisions of each stock option or other equity award granted pursuant to this Section 3.3 shall, subject to the express provisions of this Agreement, be determined by the Compensation Committee at the time of grant of the option or other equity award.
Future Grants. In addition, during the Term of Employment, the Executive shall be eligible to be granted options (the "Stock Options") to purchase common stock (the "Common Stock") of the Company under (and therefore subject to all terms and conditions of) the Company's Stock Option Plan, and any successor plan thereto (the "Stock Option Plan"); provided, however, that the Stock Options shall become immediately exercisable in full upon termination of the Executive's employment with the Company for any reason other than termination by the Company for Cause under Section 5.1 hereof or termination by the Executive Without Good Reason under Section 5.5b hereof. The number of Stock Options and terms and conditions of the Stock Options shall be determined by the committee of the Board appointed pursuant to the Stock Option Plan, or by the Board of Directors of the Company, in its discretion and pursuant to the Stock Option Plan.
Future Grants. On and after the date hereof, during the Contract Term, the Compensation Committee shall in its discretion consider Executive for possible annual or other grants of Options under the LTIP on the same date or dates and on the same basis as other senior executives of the Company.
Future Grants. Executive shall be eligible to participate in any equity plan or program adopted by the Company, at a level commensurate with his position as determined by the Board and on terms no less favorable than those offered to any other executive officer of the Company.
Future Grants. The exercise price of each Future Grant shall be equal to the trailing thirty (30) day volume weighted average price of the Company’s Common Shares determined as of the respective Future Grant Date.
Future Grants. Provided that the Participant continues to be employed by the Company or any of its subsidiaries, the Company shall automatically grant to Participant an option to purchase 179,340 Common Shares on each of the following dates, or, if such date is a weekend or holiday, the next following business day (each a “Future Grant Date”): ● October 1, 2019 ● October 1, 2020 ● October 1, 2021
Future Grants. The Remaining EIP Pool (as defined below) will be fully granted within the 36-month period following the Emergence Date, as determined by the Board in a manner consistent with the then prevailing practices of publicly traded E&P companies. For this purpose, the “Remaining EIP Pool” means the portion of the EIP Pool that does not constitute Emergence Grants and subsequent grants that have been forfeited before vesting. Final Grants. The Company will allocate the Remaining EIP Pool on a fully-vested basis to actively employed Employees (pro-rata based upon each such Employee’s relative incentive equity Awards) upon a change in control of the Company (a “Change in Control”) (such Awards, the “Final Grants”).
