New Equity Awards. The Employee shall be eligible to participate in any long-term incentive award program of the Company, including, but not limited to, the Company's 1998 Equity Incentive Plan, as amended from time to time, and any successor thereto. In addition, the Employee shall have an annual performance target equity opportunity to be awarded an option to purchase 30,000 shares of the Company's stock (with such award vesting ratably over the 48 months following the date of grant). The actual number of shares to be awarded under such target equity opportunity shall be subject to annual approval by the Company's Board of Directors and conditioned upon the achievement of annual performance targets established by the Board.
Appears in 4 contracts
Samples: Employment Agreement (Idenix Pharmaceuticals Inc), Employment Agreement (Idenix Pharmaceuticals Inc), Employment Agreement (Idenix Pharmaceuticals Inc)
