Common use of Inducement Grants Clause in Contracts

Inducement Grants. To induce the Executive to commence employment with the Company as of the Start Date, the Company shall grant the Executive, effective as of the Start Date: (i) an Option on the terms and conditions set forth in the Non-Qualified Stock Option Agreement; and (ii) Restricted Stock on the terms and conditions set forth in the Restricted Share Award Agreement.

Appears in 2 contracts

Sources: Employment Agreement (ClearPoint Neuro, Inc.), Employment Agreement (Mri Interventions, Inc.)

Inducement Grants. To induce the Executive to commence employment with the Company as of the Start Date, the Company shall grant the Executive, effective as of the Start Date: (i) an Option on the terms and conditions set forth in the Non-Qualified Stock Option Agreement; and (ii) , Restricted Stock on the terms and conditions set forth in the Restricted Share Award Agreement.

Appears in 1 contract

Sources: Employment Agreement (ClearPoint Neuro, Inc.)