Incentive Equity Grants. The Executive is eligible to receive incentive equity grants under the Company’s new equity compensation program for senior executives, subject to the terms of such program as in effect from time to time and with any grants under such program in the discretion of the Board or the Committee.
Incentive Equity Grants. Subject to the approval of the Board, and effective on the Start Date, you will be granted: (a) a nonqualified stock option to purchase 150,000 shares of the Company's Common Stock (the “Incentive Equity Option”); and (b) 75,000 Restricted Stock Units (“Incentive Equity RSUs”), each under the Company's 2012 Equity Plan. The vesting schedule for each of the Incentive Equity Option and the Incentive Equity RSUs shall be as follows:
Incentive Equity Grants. The Executive shall be eligible to receive incentive equity awards under the Company’s executive incentive plans or programs (such plan or program, an “LTI Plan”). Any actual awards under an LTI Plan (“LTI Awards”) are discretionary and will be subject to the Board’s assessment of the Executive’s performance, as well as business conditions at the Company. Any LTI Awards will be subject to approval by and adjustment at the discretion of the Board or Compensation Committee and the terms of any applicable LTI Plan. As with the annual bonus, the Board expects to review the Executive’s job performance on an annual basis and will discuss with the Executive the criteria which the Board will use to assess the Executive’s performance for LTI Plan purposes. The Board or Compensation Committee also may make adjustments in the targeted amount of any LTI Awards.
Incentive Equity Grants. (i) In connection with the commencement of the Executive’s employment with the Company and Holdco, subject to Board or Compensation Committee approval prior to the Effective Date, the Executive will receive a one-time grant of options (the “Options”) on the Effective Date to acquire 100,000 shares of Holdco’s common stock, with an exercise price equal to the closing price of a share of Holdco common stock on the date the Options are granted. Twenty percent (20%) of the Options will vest on each of the first five anniversaries of the Effective Date, subject to the Executive’s continuous employment with Holdco and/or the Company from the Effective Date through the applicable vesting date. The Options will be granted under and subject to the terms of the Company’s Amended and Restated 2012 Omnibus Equity Incentive Plan and a stock option agreement that is substantially similar to the form used to evidence grants to peer executives (as defined above).
Incentive Equity Grants. During the Employment Term, at the discretion of the Board or the Committee, the Executive shall be eligible to receive incentive equity grants under Holdco’s equity compensation program for senior executives, subject to the terms of such program as in effect from time to time and with any grants under such program in the discretion of the Board or the Committee. It is acknowledged and agreed that the target value for such annual grant is expected to be equal to four hundred fifty thousand dollars ($450,000.00), which value will be determined consistent with Holdco’s process for determining grants to other senior executives.
Incentive Equity Grants. Executive shall be eligible to receive discretionary equity grants (“Equity Grants”) under the Columbia Care Inc. Omnibus Long-Term Incentive Plan, as may be amended from time to time (“Omnibus Plan”), based upon achievement of corporate and individual goals. The current annual target for Executive is One Million Seven Hundred and Fifty Thousand US Dollars ($1,750,000.00). Such Equity Grants are subject to all of the terms and conditions of the Omnibus Plan. The vesting schedule, exercise timing and price per unit (as defined in the applicable award agreement) will be determined in accordance with the Omnibus Plan. Executive should consult with a tax advisor concerning the tax risks associated with accepting the Equity Grants.
Incentive Equity Grants. Employee shall be eligible to receive discretionary equity grants ("Equity Grants") under the Company’s Omnibus Long-Term Incentive Plan, as may be amended from time to time ("Omnibus Plan"), based upon achievement of corporate and individual goals. Such Equity Grants are subject to all of the terms and conditions of the Omnibus Plan and any applicable award documents. The vesting schedule, exercise timing and price per unit (as defined in the applicable award agreement) will be determined in accordance with the Omnibus Plan and any applicable award documents. Employee should consult with a tax advisor concerning the tax risks associated with accepting the Equity Grants. The Employee’s target annual Equity Grant as of the Effective Date is One Million Three Hundred Thousand US Dollars ($1,300.000).
Incentive Equity Grants. (i) As of the Effective Date, the Executive shall be awarded a grant of 3,000,000 restricted stock units of the Company (“RSU Grant”), payable only in shares of the common stock of the Company (one (1) share for each such unit). The restricted stock units shall vest and be nonforfeitable: (I) 2,000,000 such restricted stock units shall 100% vest on the fifth (5th) anniversary of the Effective Date and (II) the other 1,000,000 restricted stock units shall vest in equal installments on the first five anniversaries of the Effective Date, provided in each case that the Executive is continuously employed by the Company from the Effective Date through each such vesting date with respect to the number of restricted stock units then vesting. To the extent vested, the stock relating to such restricted stock units shall be distributed on the later of (A) the July 15 of the year after which the Executive ceases to be a “covered employee” within the meaning of Code Section 162(m), or (B) the date which is six (6) months after the date of the Executive’s “separation from service,” as such term is defined in regulations or other guidance issued under Code Section 409A. The RSU Grant shall be in accordance with the form of grant agreement attached hereto as Exhibit A.
Incentive Equity Grants. (i) On or about the date of this Agreement, the Compensation Committee shall grant the Executive a stock option to purchase shares of the Company’s Common Stock having an aggregate value of $506,500, determined by the Company using a Black Scholes methodology and its customary assumptions therefor (the “Option Grant”), and a restricted stock unit award for shares of the Company’s Common Stock having an aggregate value of $506,500 (the “RSU Grant” and collectively with the Option Grant, the “Equity Awards”)) under the Company’s 2012 Stock Option and Incentive Plan (the “Plan”). The Option Grant shall be issued at an exercise price equal to the fair market value of the Common Stock as determined by the Compensation Committee on the date of grant (the “Grant Date”). One-third of the Equity Awards shall vest and become exercisable on each of the first, second and third anniversaries of the Grant Date, respectively, and the Equity Awards shall be further subject to the terms and conditions set forth in the Plan and the Company’s associated Incentive Stock Option Agreement and Restricted Stock Unit Award Agreements. For clarity, this Section 2(c)(ii) shall supersede any obligation for the Company to make any additional equity award to the Executive under Section 5 of the Prior Agreement.
Incentive Equity Grants. All Company equity awards previously granted to you, including but not limited to those equity awards granted to you in connection with your commencement of employment, shall continue in effect from and following the Effective Date in accordance with their existing terms. You may be eligible to receive additional grants of Company equity awards in the sole discretion and subject to the approval of the Board.
