Incentive Equity Grant Sample Clauses

Incentive Equity Grant. During the Term of Employment, the Board (in its sole discretion) may grant Executive incentive equity awards in Atlas Technical Consultants, Inc. (“Atlas”) pursuant to the terms of the Atlas Technical Consultants, Inc. 2019 Omnibus Incentive Plan, as may be amended and restated from time to time (the “Plan”). Executive’s awards, if any, shall be subject to the terms and conditions of the Plan and applicable award agreement in all respects.
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Incentive Equity Grant. As soon as reasonably practicable after the Commencement Date, the Executive will receive a grant of restricted stock units (the “Restricted Stock Units”) for a number of shares of class A common stock of Xxxx Health, Inc. (“Parent Stock”) with an aggregate value of $75,000 based on the closing price of one share of Parent Stock on or about the grant date as determined by the Board. The Restricted Stock Units will be subject to the terms and conditions of the Xxxx Health, Inc. 2021 Stock Option and Incentive Plan then in effect and the applicable equity award agreement (the “Equity Documents”), and subject to vesting as determined by the Board and set forth in the applicable Equity Documents.
Sample 1
Incentive Equity Grant. With respect to each fiscal year during the Term of Employment, Executive will be eligible to receive an equity grant (“Equity Award”) with a target grant date value equal to no less than one hundred percent (100%) of Executive’s then-current Base Compensation, as determined in the reasonable discretion of the Compensation Committee of the Board. For the avoidance of doubt, the Compensation Committee of the Board shall determine the terms and conditions of the Equity Award, including the amount thereof, which may be equal to, less than, or greater than the above-mentioned target value. The Equity Awards shall be subject to the terms and conditions of the Boxwood Merger Corp. 2019 Omnibus Incentive Plan (the “Plan”) and a written award agreement to be entered into between the Company and Executive; provided, that (i) such terms and conditions shall be consistent with the terms of this Section 4(c) and (ii) not otherwise inconsistent with the other terms and conditions of this Agreement, including with respect to restrictive covenants.
Sample 1
Incentive Equity Grant. Form • Upon the Closing, the Executive will be granted one or more securities, or interests in one or more securities (the “Award”), that will be intended to qualify as “profits interests” for U.S. tax purposes within the meaning of Revenue Procedures 93-27 and 2001-43, representing the right to participate in 2.5% of the post-Closing profits and capital appreciation of Luxco upon receipt by Xxxx Capital Partners, LLC and any private equity fund or collective or individual account managed by Xxxx Capital Partners, LLC or any of its affiliates (collectively, “Bain”) of a return of its invested capital, excluding any interest or yield (whether or not preferred) on such invested capital. Such security or interest may consist of ordinary shares, preferred equity certificates or convertible preferred equity certificates. Vesting • Time Component: 75% of the Award will have a time-vesting component, pursuant to which 25% thereof will be time-vested on a cliff basis on the first anniversary of the Closing with the balance time vesting ratably on a quarterly basis over the following three years. • Performance Component: 25% of the Award will have a performance-vesting component, which will be satisfied if and when Xxxx obtains a 2.0 times return on its original equity capital investment (e.g., if Xxxx invests $700 million of equity capital in the Transaction, this component will be satisfied if and when Xxxx receives back an aggregate (either actual receipt or, pursuant to the following sentence, deemed receipt) of $1.4 billion). For this purpose, return on capital investment will be measured on a “Change in Control” and the “IPO” (each, as defined below) and will take into account distributions and/or sales proceeds received at or prior to the applicable determination date and the residual value of Xxxx’x equity stake based on the value implied from the applicable transaction.
Sample 1
Incentive Equity Grant. In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted at a fair market value option price non-qualified options to acquire four percent (4%) of the fully-diluted outstanding equity instruments of 21st Century Oncology Investments, LLC (“Parent”) or the Company, or such other equity-based award providing the same value (such as a phantom equity program that provides a cash payment upon a change in control of the Company), as may be determined by the Board in its discretion, to vest monthly over a four year period, with one hundred percent (100%) accelerated vesting in the event of a change in control of the Company. If the Executive breaches the covenants relating to confidentiality set forth in Section 7, or the covenants relating to Prohibited Activities in Section 8(A) and (C), the Executive shall forfeit, as of the date the Executive’s employment terminates or the date as of which he breaches any such restrictive covenants, as applicable, all equity grants (whether or not vested). Finally, the grant shall be made subject to such additional terms and conditions as mutually agreed upon between the Executive and the Board no later than forty five (45) days after the date of this Agreement.
Sample 1
Incentive Equity Grant. On the first annual anniversary of the Effective Date, unrestricted shares of the Company’s common stock equal to not less than One Hundred Twenty-Five Thousand and No/100s US Dollars ($125,000.00 USD), shall be paid to the Executive an incentive equity grant, and on the eighteen (18) month semi-annual anniversary of the Effective Date, unrestricted shares of the Company’s common stock equal to not less than One Hundred Twenty-Five Thousand and No/100s US Dollars ($125,000 USD), shall be paid to the Executive as a further incentive equity grant (collectively, the “Incentive Equity”). All of the Incentive Equity will be priced per share based on the volume-weighted average price for the preceding five (5) NASDAQ trading days prior to the Effective Date. All shares comprising the Incentive Equity shall be issued under the Company’s 2021 Equity and Incentive Plan or successor plan and otherwise in accordance with applicable law and the rules and regulations of The Nasdaq Capital Market, and, in the event that any such shares cannot be issued because compliance with such requirements has not been met, the obligation to issue such shares will be accrued until such time as such compliance requirements have been satisfied. Employee must be employed by the Company, or its successors and assigns, in good standing on the dates the Incentive Equity is due to be paid as a condition to earn and be owed such Incentive Equity.
Sample 1
Incentive Equity Grant. In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted, under the Company’s 2014 Omnibus Incentive Plan (the “Incentive Plan”) an award of shares of the Company’s common stock with a value equal to One Million Five Hundred Thousand Dollars ($1,500,000) in the form of restricted stock (the “Restricted Stock”), with award shall be divided evenly into a time-vesting tranche (“Tranche 1 Shares”) and a performance-vesting tranche (“Tranche 2 Shares”) (the “Initial Award”). Such Initial Award shall be governed by the Incentive Plan and a restricted stock award agreement between the Executive and the Company. Subject to terms of the Incentive Plan and the Restricted Stock award agreement, the Tranche 1 Shares shall be subject time-based vesting restrictions which shall lapse pro rata on each of the first three (3) anniversaries of the grant date. The Tranche 2 Shares shall be subject to both (i) time-based vesting restrictions which shall lapse pro rata on each of the first two (2) anniversaries of the grant date, and (ii) the achievement of performance-based goals that shall be set forth by the Committee (as defined in the Incentive Plan) in the award agreement. In addition, and subject to the Executive’s continued employment pursuant to this Agreement, the Executive shall be entitled to receive a subsequent award substantially identical to the Initial Award on each anniversary of the grant date of the Initial Award; provided, that the Committee shall have absolute discretion to alter the relevant performance goals of the Tranche 2 Shares in subsequent grant agreements, notwithstanding the performance goals set forth in the Initial Award grant agreement or any subsequent grant agreement. In the event of any conflict or ambiguity between this Agreement and the Incentive Plan or the Restricted Stock award agreement(s), the Incentive Plan and the Restricted Stock award agreement(s) shall govern.
Sample 1
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Incentive Equity Grant. Associate Equity Grant: EMPLOYEE will be eligible to participate in the Company’s Equity Incentive Program, where the Company, in its sole discretion may award you equity in the form of Xxxx Health, Inc. restricted stock units, restricted shares, stock options or other equity-based grants for the purposes of retention, motivation and/or to reward distinctive performance, as well as to align the interests of management and employees with corporate performance and stockholder interests (the “Annual Incentive Equity Awards”), which awards may be subject to vesting over time and the value of which may vary based upon the degree to which the Company achieves its financial and business targets. Upon commencement of employment, the value of your Annual Incentive Equity Award on the date of grant will equate to approximately 30% of your annualized base salary. The Annual Incentive Equity Awards will be contingent upon approval by the Compensation Committee of the Board of Directors of Xxxx Health, Inc. and/or the Xxxx Equity Management Committee, as well as being subject to the terms and conditions of the applicable equity award agreement and the terms and conditions of the Xxxx Health, Inc. 2021 Stock Option and Incentive Plan (which shall be controlling). As a condition of such awards, you will be required to agree to comply with the Company’s Xxxxxxx Xxxxxxx Policy and other applicable policies as in effect from time to time with respect to your transactions with the shares of common stock after they have vested. Other than as may be expressly set forth in the applicable award agreement or in the Stock Plan, any portions of your Annual Incentive Equity Awards that have not vested upon your termination will be forfeited to the Company, and in the event of any breach of your non-compete or confidentiality obligations to the Company and/or breach of the Company’s Code of Business Conduct and Ethics, the value of your awards may be subject to the Company’s claw back policies.
Sample 1
Incentive Equity Grant. Contingent on approval by the Company's Board, Executive will be granted 165,000 stock options units, and which will vest over a five year period as follows: (1) 20% cliff vesting upon completion of one full year of employment after start date; (2) 5% vesting at the end of each full quarter of employment, for each of the subsequent four years. Executive must have been continuously employed in good standing during each vesting period for such options to vest in accordance with the above schedule. These stock options further will have strike prices as follows: Number of Options Strike Price (Determined as of Date of Grant, At First Available Opportunity After Start Date) 55,000 Closing market price 55,000 Closing market price plus $2.50/option 55,000 Closing market price plus $5.00/option Executive's incentive equity grant will be subject to the terms of the Company's Equity Plan, which will provide, among other things, any further conditions on vesting, repurchase rights in favor of the Company, restrictions on transfer and any and all other terms and conditions governing the provision of these stock options. All vesting will cease upon termination of Executive's employment with the Company and Executive will be entitled only to his vested interest as of the day termination of employment. In the event of a Change of Control event (as defined herein), all unvested stock options immediately vest. Executive further may be eligible and considered for additional grants in the future based on Company and individual performance, but no such additional grant(s) is guaranteed or required. The Company's Board has sole discretion regarding equity incentive grants and the terms and conditions of such grants, including establishing a different exercise price for options or participation level for restricted equity. Executive agrees and acknowledges that in order to receive the equity incentive grant, Executive will need to agree to be bound to all terms and conditions set forth in the Company's Equity Plan.
Sample 1

Related to Incentive Equity Grant

  • Equity Grant Subject to approval by the Board and your execution of the Company’s standard form of Restricted Stock Agreement for executives (the “Restricted Stock Agreement”), you will be eligible to receive shares of the Company’s common stock under the Company’s 2017 Stock Option and Grant Plan (the “Plan”) equaling 15% of the Company’s outstanding common stock on a fully-diluted basis as of the grant date and after giving effect to the grant. If the Company closes Preferred Round on or prior to December 31, 2019 (and provided that you are still employed by the Company at the time of such closing), the Company shall issue you an additional award of restricted shares of Company common stock under the Plan in an amount such that, after giving effect to such additional issuance, you have been granted shares of common stock equal to 15% of the Company’s outstanding common stock on a fully-diluted basis upon closing of (and giving effect to) the Preferred Round. If the Preferred Round closes in multiple tranches (including tranches closed in the future, if initial closings of at least $3,000,000 occur by December, 2019), you will receive an additional award upon the closing of each tranche, in accordance with the foregoing. All shares of Company common stock granted to you shall be subject to repurchase and forfeiture as set forth in Restricted Stock Agreement, which shall provide that, subject to Section 6, the granted shares shall vest as follows: (i) 25% of the granted shares will vest on the three-month anniversary of the Commencement Date and (ii) thereafter, the remaining unvested shares will vest in equal quarterly installments over a three-year period, on the last day of each calendar quarter (i.e., March 31, June 30, September 30 and December 31), commencing on September 30, 2018; provided, that upon a Sale Event (as defined in the Plan) all your then-unvested shares (to the extent not previously forfeited) shall vest. For the avoidance of doubt, the Company and the Board have reviewed and understands and accepts your academic and work experience, as the same has been provided to the Company by you. Accordingly, and assuming the accuracy of your academic and work experience, the definition of “Cause”, as applicable to any termination of your employment by the Company (whether under the Plan, your Restricted Stock Agreement or otherwise) shall not include, and shall not be triggered by, the Company’s or the Board’s assertion or belief that you lack requisite experience for your position. In addition to the foregoing equity grant, you shall be eligible for additional grants of Company common stock or options to acquire Company common stock at such time and on such terms as determined by the Company’s board of directors. You shall also receive pre-emptive rights permitting you to preserve your vested equity position in the Company in the event of any additional issuances of Company common stock (or securities convertible into common stock), at a per-share price equal to then current fair market value, as reasonably determined by the Board in good faith.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Equity Incentive Awards Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board. In the event of a Change of Control (as defined in the Redwood Trust, Inc. Executive Deferred Compensation Plan) in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Equity Grants The Employee shall be granted as soon as practicable on or after the Effective Date, a stock option to purchase 734,900 shares of the Company’s common stock (the “Option”) (which option shall be issued as an incentive stock option to the maximum extent allowed under Section 422 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the “Code”)) pursuant to the Company’s 2011 Employee, Director and Consultant Equity Incentive Plan (the “Plan”). The Option shall be granted with an exercise price equal to the fair market value of the Company’s common stock on the date of grant. Twenty-Five percent (25%) of the Option shall be vested one year from the Effective Date and the remaining portion of such Option shall vest in equal monthly installments over a thirty-six (36) month period commencing on the first day of the month one year following the Effective Date, subject to continued employment by the Company. Notwithstanding the foregoing, in connection with a Change of Control (as defined in the Plan) or if a termination of the Employee occurs within two (2) months prior thereto, then the vesting of all equity then owned by the Employee shall accelerate with respect to one hundred percent (100%) of the unvested shares. In lieu of the Option at the request of the Employee, the Company shall issue restricted common stock. Restricted common stock will be issued at par value. If the equity to be issued is restricted common stock and not stock options, the number of shares of restricted common stock to be issued shall be calculated by determining the black scholes value of the grant as if it had been issued solely as stock options and dividing such number by the then current fair market value of the Company’s common stock so as to provide no additional benefit to the Employee for the non-payment of the exercise price. The Employee acknowledges and agrees that effective as of the date of the grant of the equity as set forth in the preceding paragraph, option agreement No. SP-0040 granted by the Company to the Employee as of April 30, 2011 shall be terminated and of no further force and effect. The Company acknowledges that any other options previously granted to the Employee that vest based upon the Employee providing consulting services to the Company shall continue to vest upon its terms as long as the Employee is providing services as a director, consultant or employee of the Company and that the definition of “cause” applicable to all such option agreements shall be the definition set forth herein and not as set forth in the 2008 Stock Incentive Plan.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Equity Incentive Plan Employee will continue to be eligible to receive equity incentives pursuant to the Executive Compensation Plan. All awards pursuant to the Executive Compensation Plan shall be subject to the terms and provisions of the 1999 Stock Option and Incentive Plan, or any similar plan, and any award agreement with respect to such award. The vesting, exercisability and termination provisions regarding such awards shall be subject to the terms and provisions of the 1999 Stock Option and Incentive Plan, or other similar plan pursuant to which the award was made, and the corresponding award agreement.

  • Forfeiture of Restricted Stock Units Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”

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