IPO Equity Award Sample Clauses

IPO Equity Award. Upon the closing of Parent’s initial public offering, Parent shall issue to the Executive an award of 186,372 shares of restricted Class A common stock under Parent’s 2021 Incentive Award Plan. Except as otherwise provided herein, subject to Executive’s continued employment with the Company through each such date, the restricted stock award shall vest in three equal installments on each of the third, fourth and fifth anniversaries of the closing date of Parent’s initial public offering. The terms and conditions of the restricted stock award shall be set forth in an award agreement in a form prescribed by the Board to be entered into by the Company and Executive.
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IPO Equity Award. Subject to approval of the Board (or committee thereof), upon the IPO Date, Executive will be granted an option (the “Option”) to purchase a number of ordinary shares of Parent approximately equal to the amount necessary to result in the Executive’s Prior Equity (as defined below) and the Option equaling a total of 1.453% of Parent’s Post-IPO Shares. “Post-IPO Shares” means Parent’s outstanding share capital (including all outstanding shares, including shares underlying ADSs offered in the Parent’s initial public offering of ADSs (the “IPO”), and outstanding allocated and unallocated options, but excluding, for purposes of this calculation, the new 12% share pool reserve established under the Plan) expected to be outstanding immediately after the IPO. The Board (or committee thereof) will determine, in its sole discretion, the number of ordinary shares subject to the Option that equates, as closely as is possible, to the amount necessary to result in Executive’s Prior Equity and the Option representing the percentage in the preceding sentence, which determination will be based on the Post-IPO Shares and assuming the underwriters exercise in full their option to purchase additional ADSs in the IPO, and such determination shall be binding and final.
Sample 1
IPO Equity Award. In connection with the initial public offering of shares of common stock of the Company, as contemplated by the Company’s Registration Statement on Form S-1 (the “IPO”), Chairman shall be entitled to receive an equity award (the “IPO Equity Award”) consisting of that number of shares of RSUs having an aggregate value on the date of the IPO of $187,500, with a per unit fair market value equal to the initial public offering price set forth on the cover page of the final prospectus relating to the IPO. The IPO Equity Award shall be granted to Chairman following the effectiveness of the underwriting agreement to be executed in connection with the IPO and the filing of listing applications with the New York Stock Exchange and one or more registration statements on Form S-8 with the Securities Exchange Commission to register the shares of common stock to be issued pursuant to the Company’s equity incentive arrangements, but prior to the commencing of trading of the Company’s common stock on the New York Stock Exchange. The IPO Equity Award will be granted pursuant and subject to the Plan and an award agreement, and the RSUs granted in connection therewith will vest in full on the Measurement Date in 2016, as long as Chairman is serving as non-employee chairman of the Board on such date.
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IPO Equity Award. The Parties hereby acknowledge and agree that, prior to the Amendment Effective Date, Executive was granted an equity-based award pursuant to that certain Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement by and between Executive and the Company dated as of June 15, 2022.
Sample 1
IPO Equity Award. In the event that a Public Offering occurs, Employee shall receive a one-time equity award under the LTIP, subject to Employee’s continued employment through the consummation of the Public Offering. The equity award will be comprised of restricted stock units (the “RSUs”) with a grant date value of $1,500,000 and will be granted upon the filing of the Form S-8 registration statement registering the shares of the Public Issuer’s common stock available for delivery under the LTIP. A portion of the RSUs with a grant date value equal to $400,000 will be immediately vested upon grant. The remaining portion of the RSUs will vest 25% of the first anniversary of the Public Offering and 25% per year thereafter, in each case, subject to Employee’s continued employment through the applicable vesting date. If Employee’s employment hereunder is terminated by the Company without Cause pursuant to Section 7(b), or is terminated by Employee for Good Reason pursuant to Section 7(c), subject to Employee’s satisfaction of the Severance Conditions (as defined below), a number of the RSUs equal to (i) the number of full calendar quarters that have elapsed since the last vesting date preceding the Termination Date (as defined below), divided by 16, multiplied by (ii) the number of RSUs originally granted, shall become fully vested. The RSUs will be subject to the terms and conditions of the LTIP and an award agreement to be entered into between Employee and the Public Issuer. Nothing in this Agreement shall be construed to give Employee any rights to any amount or type of grant or award except as provided in an award agreement and authorized by the board of directors of the Public Issuer (the “Public Board”) or a committee thereof.
Sample 1
IPO Equity Award. Upon consummation of a Public Listing and subject to the approval of the Compensation Committee or the Board in its sole discretion, the Executive may be granted an equity award with an aggregate grant date fair value equal to 20% of the “Company pool amount” (the “IPO Award”). The Company pool amount, if approved, shall have a minimum amount of $20,000,000. The Company will cause any IPO Award to be subject to the terms of an award agreement between Executive and New PubCo and, subject to the approval of the Compensation Committee or the Board, (x) will be granted in the form of restricted stock units covering a number of shares determined by dividing the aggregate grant date fair value of the IPO Award determined pursuant to this paragraph by the price per share of New PubCo’s common stock offered to the public at the time of the Public Listing and as determined by the Pricing Committee of the Board, (y) will vest ratably over a three year period and (z) will have a vesting commencement date of January 1, 2022; provided the Public Listing occurs during calendar year 2022.
Sample 1

Related to IPO Equity Award

  • 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.

  • Company Equity Awards With respect to any stock options, restricted stock or other equity awards (the “Equity Awards”) granted pursuant to any compensation plan of the Company or its Subsidiaries providing for the issuance of Equity Awards (the “Company Plans”), (A) each grant of an Equity Award was duly authorized no later than the date on which the grant of such Equity Award was by its terms to be effective by all necessary corporate action, and (B) each such grant was made in accordance with the terms of the Company Plans and all other applicable laws and regulatory rules or requirements.

  • Equity Awards “Equity Awards” will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • No Equity Awards Except for grants pursuant to equity incentive plans disclosed in the Registration Statement and the Prospectus, the Company has not granted to any person or entity, a compensatory stock option or other compensatory equity-based award to purchase or receive common stock of the Company or OP Units of the Operating Partnership pursuant to an equity-based compensation plan or otherwise.

  • Annual Equity Awards Following the first anniversary of the Effective Date, Executive will be granted annual equity awards in an amount determined by the Board. Such awards may be in the form of options, restricted stock units, performance shares, or any other form as approved by the Board.

  • RSU Award An RSU Award shall be similar in nature to a Restricted Stock Award except that no shares of Stock are actually transferred to the Holder until a later date specified in the applicable Award Agreement. Each RSU shall have a value equal to the Fair Market Value of a share of Stock.

  • Company RSUs “Company RSUs” shall mean any restricted stock units in respect of Company Common Stock granted under any Company Equity Incentive Plan.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Accelerated Vesting of Equity Awards One hundred percent (100%) of Executive’s then-outstanding and unvested Equity Awards will become vested in full. If, however, an outstanding Equity Award is to vest and/or the amount of the award to vest is to be determined based on the achievement of performance criteria, then the Equity Award will vest as to one hundred percent (100%) of the amount of the Equity Award assuming the performance criteria had been achieved at target levels for the relevant performance period(s).

  • Treatment of Company Equity Awards (a) Except as provided in Section 2.4(d), as of the Effective Time, each option to purchase Company Common Stock (a “Company Stock Option”) granted under any Company Equity Plan that is outstanding and unexercised immediately prior to the Effective Time, whether or not then vested or exercisable, shall be assumed by Parent and shall be converted into a stock option (a “Parent Stock Option”) to acquire Parent Stock in accordance with this Section 2.4. Each such Parent Stock Option as so assumed and converted shall continue to have, and shall be subject to, the same terms and conditions as applied to the Company Stock Option immediately prior to the Effective Time (but taking into account any changes thereto provided for in the applicable Company Equity Plan, in any award agreement or in such Company Stock Option by reason of this Agreement or the Transactions). As of the Effective Time, each such Parent Stock Option as so assumed and converted shall be for that number of whole shares of Parent Stock determined by multiplying the number of shares of Company Common Stock subject to such Company Stock Option immediately prior to the Effective Time by the Stock Award Exchange Ratio, which product shall be rounded down to the nearest whole share, at a per share exercise price determined by dividing the per share exercise price of such Company Stock Option immediately prior to the Effective Time by the Stock Award Exchange Ratio, which quotient shall be rounded down to the nearest whole cent; provided, however, that each Company Stock Option (A) which is an “incentive stock option” (as defined in Section 422 of the Code) shall be adjusted in accordance with the requirements of Section 424 of the Code and (B) shall be adjusted in a manner which complies with Section 409A of the Code.

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