New Grants Sample Clauses

New Grants. (A) Promptly following the Effective Date, the Company shall grant Executive restricted stock units covering 50,000 shares of the Company’s common stock (the “Tranche 1 Equity Award”) pursuant to the terms of the Equity and Incentive Plan. The Tranche 1 Equity Award shall vest immediately upon the grant date. The Tranche 1 Equity Award will be subject to the terms and conditions of the Equity and Incentive Plan and an award agreement, in a form reasonably acceptable to the Company.
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New Grants. As soon as practicable following the Closing, and subject to compliance with applicable law, the Purchaser shall authorize and approve the grant of Restricted Stock Units or options of the Purchaser to such Company employees listed in Schedule 2.14, which Schedule also sets forth the vesting schedule and all other terms and conditions of such grants. It is agreed that Purchaser shall make its best commercial efforts that these grants will be issued under and qualify with the capital gains route of Section 102.
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New Grants. On the trading day following the Effective Date, Company will grant Employee 75,000 restricted shares of Company common stock with respect to which restrictions will lapse pro rata over a three-year period beginning on the first anniversary of the Effective Date and under such other terms and conditions as provided in the agreement evidencing such award and an option covering 250,000 shares of Company common stock having an exercise price equal to the closing price of Company common stock on the trading day following the Effective Date, vesting pro rata over five years beginning on the first anniversary of the Effective Date with a ten-year term, and under such other terms and conditions as provided in the agreement evidencing such option.
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New Grants. The Executive will receive on a date designated by the Parent’s Board during the first open trading window subsequent to the date of this Amendment (the “Grant Date”) the following:
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New Grants. As an employee in a part time special assignment position, you will not be eligible to receive additional stock option grants after the Effective Date.
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New Grants. Subject to his continuing employment with the Company Parties, Executive shall, effective January 1, 2010, become eligible for annual grants of Options in each of calendar years 2010, 2011 and 2012 respectively as determined by Verisk’s Compensation Committee in its sole discretion under the terms of the 2009 Plan generally, but with certain special terms as described in Subsection 3(c)(iii) below (the “New Grant Options”). The Compensation Committee shall notify Executive of its determination with respect to each such potential grant not later than March 15 of the calendar year immediately following (or as soon thereafter as practicable, but in all events no later than the last day of such following calendar year). The number of shares subject to each such annual grant shall be determined so as to represent a fair market value (based upon the Black Scholes valuation method) as of the grant date in a range between 150% and 450% of Executive’s Base Compensation as of the grant date, in accordance with the following:
Sample 1
New Grants. Subject to Executive’s continued compliance with the terms of this Agreement, on March 29, 2023, the Executive shall be granted equity awards (the “2023 Equity Awards”) with an initial value (as determined pursuant to Company standard procedures) of $4,050,000, with such award allocated 50% to performance share awards, 30% to performance restricted stock units, and 20% to nonqualified stock options, and subject to the Company’s standard grant agreements and the same terms and conditions as applicable to grants on March 3, 2023 to the Company’s other senior executives (as modified to reflect this Section 3). The 2023 Equity Awards shall receive “retirement” treatment, subject to Executive’s continued compliance with the terms of this Agreement and Executive’s re-execution of the Release of Claims pursuant to the final sentence of Section 5 becoming irrevocable.
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Related to New Grants

  • 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.

  • Stock Grants You may receive stock awards under an equity incentive compensation plan of Tyson then in effect (if any), on terms and in amounts consistent with those provided to other employees in your Band, subject to the discretion of the senior management of Tyson.

  • Option Grants During the Employment Period, Executive shall be eligible to participate in the Instinet 2000 Stock Option Plan (as the same may be amended and in effect from time to time, the "2000 Option Plan") and any subsequent stock option plan maintained by the Company for its senior executives, subject to the review and approval of the Compensation Committee. The terms and conditions of all options to purchase shares of common stock granted to Executive under the 2000 Option Plan or under any prior or subsequent stock option plan maintained by the Company or its Affiliates (including any options granted to Executive prior to the Commencement Date) (collectively, the "Options"), including the grant, vesting, exercise, payment and all other terms of such Options, shall be governed by the terms of the stock option plan under which such Options were granted, as such plan or plans may be amended and in effect from time to time.

  • Initial Grant Following the execution of this Agreement, the Executive shall be granted 500,000 options to acquire common shares in the capital of the Parent, with the price and terms of such options to be established by the Board of Directors of the Parent in accordance with the Parent's stock option plan.

  • Additional Options The NYS Contract Price for Additional Options offered under the Contract in accordance with Section III.2.7 Additional Options, shall be the Additional Options NYS Discount listed on the Contract Pricelist, or higher, applied to the MSRP on the current OEM Data Book or Contractor-Published Pricelist, as applicable. See Section III.1.2

  • Grants Charter School is authorized to apply for grants. Charter School may not apply for or receive any grant or other monies that, in the judgment of MPS, compromises the ability of MPS to apply for or to receive said grant. Charter School shall contact the MPS-Grant Office for information regarding possible grant conflicts. Charter School shall expend any grant monies it may receive in a manner consistent with the terms of this Contract as well as the grant. Any grant money received by Charter School shall not reduce the per pupil revenue to be received by Charter School from MPS. Notwithstanding any language in this paragraph, the 501(c)(3) organization may seek grant funds separate from MPS.

  • Stock Option Grants Executive will receive an annual grant of stock options during the term of this Agreement in a manner and under terms that are consistent with grants made to other executives of the Company.

  • 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.

  • Awards (1) The tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief:

  • Stock Appreciation Rights The Grantee or other person entitled to exercise this Option is further hereby granted the right ("Stock Appreciation Right") in lieu of exercising this Option or any portion thereof to receive an amount equal to the lesser of (a) the excess of the Fair Market Value of the stock subject to this Option or such portion thereof over the aggregate exercise price for such shares hereunder as of the date the Stock Appreciation Right is exercised, or (b) 200% of the aggregate exercise price for such shares hereunder. The amount payable upon exercise of such Stock Appreciation Right may be settled by payment in cash or in shares of the class then subject to this Option valued on the basis of their Fair Market Value on the date Stock Appreciation Right is exercised, or in a combination of cash and such shares so valued. No Stock Appreciation Right may be exercised, in whole or in part, (i) other than in connection with the contemporaneous surrender without exercise of this Option or the portion thereof that corresponds to the portion of the Stock Appreciation Right being exercised, or (ii) except to the extent that this Option or such portion thereof is exercisable on the date of exercise of the Stock Appreciation Right by the Person exercising the Stock Appreciation Right, or (iii) unless the class of stock then subject to this Option is then Publicly Traded.

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