Performance Grant. The Company shall grant Executive a stock option to purchase 500,000 shares of Common Stock at an exercise price of $1.65 per share (the “Performance Option”). The Performance Option shall be governed by the Plan. For so long as the Executive is an employee of the Company, the Performance Option shall vest, if at all, upon the following milestones being achieved: · 150,000 upon: (i) the Company’s Common Stock becoming listed on a national exchange or on the Over-the-Counter Bulletin Board; and (ii) the enrollment of the first patient in a Phase 1 clinical trial for G-202. · 200,000 upon: (i) enrollment of first patient in a second Phase 1 clinical trial; (ii) enrollment of first patient in a Phase II clinical trial or an expanded cohort in a Phase 1B clinical trial; or (iii) enrollment of tenth patient in a Phase II clinical trial or in an expanded cohort in a phase 1B clinical trial. · 150,000 upon an additional: (i) enrollment of first patient in a second Phase 1 clinical trial; (ii) enrollment of first patient in a Phase II clinical trial or an expanded cohort in a Phase 1B clinical trial; or (iii) enrollment of tenth patient in a Phase II clinical trial or in an expanded cohort in a phase 1B clinical trial. (for purposes of clarity, these milestones are in additional to those required for the vesting of options to purchase 200,000 shares of Common Stock as contained in the paragraph immediately above) Subject to any applicable acceleration provisions contained in this Agreement or the Severance Agreement, upon termination of Executive’s employment with the Company, Executive’s rights to any portion of the Performance Option that has not yet vested as of the date of such termination shall not vest and all of Executive’s rights to such unvested portion of the Option shall terminate. In the event of a Change of Control (as such term is defined in the Plan), the entire Option shall vest and become immediately exercisable. The Option shall have a term of 7 years from date of grant. The vested Performance Options shall remain exercisable for: (i) the remaining term of the option if Executive is no longer employed by the Company as a result of terminated without Cause or with Good Reason. In the event Executive is no longer employed for any other reason such as death or disability, the terms of the Plan shall govern. In connection with such grant, the Executive shall enter into the Company’s standard stock option agreement which will incorporate the foregoing...
Performance Grant. Pursuant to the Plan, the Participant is granted a Performance Award at a Target Amount of _______ on April 1, 2006, subject further to the terms and conditions set forth herein. The actual payout may be from 0% to 200% of the Target Amount. Payment will be made by March 15, 2008.
Performance Grant. The Enterprise will only be entitled to receive the Performance Grant Amount once documentation is provided to the Panel's satisfaction to confirm the completion of the Project by the Project Completion Date. The Enterprise is required to purchase External Capability Building Services within 6 months of receipt of Project Funds.
Performance Grant. Pursuant to the Plan, [Insert Number] Performance Share Units (“Target Amount”) were awarded to the Participant on February XX, 2024 (“Date of Grant”), subject to the terms and conditions of the Plan, and subject further to the terms and conditions set forth in this Agreement and Exhibit A attached hereto. Each Performance Share Unit represents the right to receive a cash payment equivalent to the Fair Market Value of one share of Company Stock if the Performance Goals set forth in Section 4 and Exhibit A for the Performance Period are fulfilled. The actual number of Performance Share Units that may be earned may be from 0% to 200% of the Target Amount, depending on the achievement of the Performance Goals. The Performance Period for purposes of this Agreement is the period beginning on January 1, 2024 and ending on December 31, 2026.
Performance Grant. In fiscal years 2012, 2013, 2014 and 2015, you will be eligible to receive an annual target bonus grant of options to purchase One Hundred Twenty Five Thousand (125,000) shares of the Company’s Common Stock each year at an exercise price based on the fair market value of the Company’s common stock on the date of the grant, based upon the achievement each year of twenty percent (20%) annual organic EBITDA growth, excluding growth from making acquisitions of companies and other revenue producing assets. In the event of a Change of Control (as defined below) of the Company (or its successor), upon the closing of such Change of Control, all performance shares previously earned as of the date of Change of Control shall become vested. All of your options will have a cashless exercise feature.
Performance Grant. (i) The Company shall request that the CCLG authorize and grant Employee 212,500 restricted share units (“Performance Grant”) of Lions Gate Entertainment Corp. in accordance with the Plan. Employee acknowledges that this Performance Grant of stock is subject to the approval of the CCLG.
Performance Grant. Subject to approval of the Plan at the Company’s 2009 annual meeting of stockholders, the Participant is granted on May 14, 2009 a Performance Grant with a target payment amount of $___ (the “Target Amount”). The Performance Grant is subject to the terms of the Plan and the terms and conditions set forth in this Agreement. The amount payable under the Performance Grant may be from 0% to 150% of the Target Amount, subject to the Committee’s exercise of negative discretion pursuant to Section 3 of this Agreement to reduce or eliminate such amount. Any payment under this Performance Grant will be made in accordance with Section 6 of this Agreement.
Performance Grant. (a) In consideration of the Company’s construction of the Capital Improvements according to this Agreement, the TEDC agrees to provide a Performance Grant to the Company for a portion of the actual costs of the Capital Improvements, including the costs of land acquisition, construction, and infrastructure, in an amount not to exceed Forty-Eight Thousand Eight Hundred Dollars ($48,800.00) with such Performance Grant being distributed according to the schedule included in the attached “Exhibit B”.
Performance Grant. Subject to approval by the Board of Directors, Employee shall be eligible to earn an additional number of shares of common stock in the amount of up to 300,000 shares (the “Performance Grant”). The Performance Grant shall be made, if at all, based on the achievement of goals for 2008, 2009 and 2010, as established by the Chief Executive Officer and approved by the Board of Directors (or a committee thereof). Employee will be eligible to earn a maximum of 100,000 shares based on the achievement of performance goals for 2008, 125,000 shares for 2009, and 150,000 shares for 2010 (up to the maximum amount of 300,000 shares). Shares not earned in 2008 or 2009 shall remain eligible to be earned in subsequent years based on overperformance. Employee must remain a full time employee of the Company upon the date the degree to which Employee has met the applicable performance goals for a certain year in order for such grant to occur. The Performance Grant shall be subject to the terms and conditions of the Plan, the Company’s form restricted stock grant notice and other customary documents. The Performance Grant shall be adjusted for stock splits, stock dividends and the like.
Performance Grant. Should the VCSC be awarded Performance Grant monies from the Indiana Department of Education (IDOE) the following criteria and protocol will be used: Sixteen (16%) will be used for FICA and TRF expenditures related to the awarding of the Performance Grant Stipend. Eighty-four (84%) of the Performance Grant will be used for a one-time stipend that will not be counted as part of the annual base pay.
