Share Incentives Sample Clauses
The Share Incentives clause outlines the terms under which employees, directors, or other stakeholders may be granted equity-based rewards, such as stock options or shares, as part of their compensation. Typically, this clause details eligibility, vesting schedules, and the conditions under which shares or options can be exercised or forfeited. By clearly defining how and when share incentives are awarded and managed, the clause helps align the interests of key individuals with the long-term success of the company and provides a structured framework for equity participation.
Share Incentives. On termination of the Employment, the Executive’s rights with respect to Share Incentives granted to the Executive during the Employment shall be governed by the terms of the LivaNova Plc 2015 Incentive Award Plan and the underlying award agreement for each such Share Incentive.
Share Incentives. The Executive shall be eligible to be considered for the grant of options or other rights over AMEC ordinary shares from time to time under the terms of any relevant share-based incentive plan of the Company or rights under other AMEC long term incentive plans from time to time. The timing, size and conditions of any award to the Executive thereunder shall be in the discretion of the Remuneration Committee of the Board. Any such awards shall be governed exclusively by the rules of the relevant plan, and shall constitute a separate contract from this Agreement, and neither the fact of such award or the rules of any such plans shall be interpreted as giving the Executive any right or claim to be retained in the Company’s employment.
Share Incentives. The Company will enter into a separate agreement with you if it is agreed and approved that you are entitled to and share incentives under the incentive plan of the Company.
Share Incentives. 19.1 The transfer of the UK Employees to the Buyer will be a Relevant Transfer. Certain of the UK Employees hold awards under the Share Plans. In respect of these UK Employees, and other Employees who hold awards under the Share Plans and whose employment with the Sellers will be terminated in connection with Completion, the Sellers confirm that the awards under the Share Plans will be treated as follows:
19.1.1 all unvested awards/options under the LTIP and the SOPs will lapse;
19.1.2 there is one vested option under the LTIP, which has not yet been exercised, and this option will continue to subsist until its original lapse date of 27 March 2022;
19.1.3 Employees who participate in the SIP will be treated as good leavers. The result is that their partnership Shares and matching Shares under the SIP will be removed from the SIP trust and transferred to them, and the UK tax advantages available to the SIP participants should remain available in respect of those transferred Shares; and
19.1.4 Employees who participate in the ISIP are expected to be treated as good leavers. The result is that their employee Shares and their matching Shares under the ISIP will be removed from the ISIP and transferred to them.
19.2 The Buyer shall review its incentive arrangements and shall, having regard to the nature of incentive arrangements offered to employees of the Buyer’s Group generally, in good faith and wherever practical and appropriate, ensure Employees who participated (or were given the opportunity to participate) in the Share Plans prior to Completion have the opportunity to participate in incentive arrangements operated by the Buyer’s Group which are broadly comparable in terms of quantum of opportunity to the incentive arrangements offered to employees of the Buyer’s Group generally.
Share Incentives. 6.1 The Compensation Committee has determined that, in accordance with their power under the applicable award agreements:
(a) the Executive’s RSUs subject to time-based vesting which were granted pursuant to an award agreement dated 18 November 2015 shall continue to vest up to and including 18 November 2017, whereupon vesting will cease and any unvested RSUs will lapse;
Share Incentives. Other than the share awards set out in the Disclosure Letter, no Employees hold outstanding options or awards related or linked to Shares or to the shares of any member of the Sellers' Group.
Share Incentives. HUMBL will issue shares of its common stock to AFL in accordance with the following schedule so long as this Agreement remains in effect as of each applicable issuance date: (a) 15,000,000 upon completion of the 2024 AFL football season; (b) 15,000,000 shares upon completion of the 2025 AFL football season; and (c) 15,000,000 shares upon completion of the 2026 AFL football season. If AFL sells more than $30,000,000 in tickets under this Agreement during the 2024 AFL football season, then HUMBL will issue 15,000,000 shares of its common stock to AFL. HUMBL also agrees to pay the following stock compensation to AFL based on the number of new customers that download the HUMBL Wallet and purchase an AFL ticket during calendar year 2024: (x) 10,000,000 shares of HUMBL common stock for at least 250,000 but less than 500,000 HUMBL Wallet downloads; (y) 15,000,000 shares of HUMBL common stock for at least 500,000 but less than 1,000,000 HUMBL Wallet downloads; or (z) 25,000,000 shares of HUMBL common stock for 1,000,000 or more HUMBL Wallet downloads. The share numbers in this Section will automatically be adjusted in the event of a reverse split or other similar event.
Share Incentives. Part A: Option Schemes
Share Incentives. 7.1 The Executive shall be eligible to participate in any current or future share based incentive plans operated by the Parent and as determined by the Compensation & Human Resources Committee, in its discretion to be appropriate from time to time for employees of his seniority and status.
7.2 The Executive will be eligible to participate in the Parent's Long Term Incentive Plan (the "LTIP") and may receive grants of shares, conditional awards or nil-cost options subject at all times to the determination of the Compensation & Human Resources Committee and to the rules of the LTIP (as may be amended from time to time).
7.3 The Executive has no contractual entitlement to receive an award under any of the Parent's share based incentive plans which he acknowledges are discretionary plans and the grant of an award in any year does not create any obligation on the Company to make an award in any subsequent year.
7.4 Notwithstanding the foregoing, the rules of the LTIP may be changed by the Compensation & Human Resources Committee from time to time, in which case the timing, form and terms and conditions of any award under the LTIP described above may also be modified, and the LTIP may be replaced by such alternative long-term incentive plans and method of payment or receipt as the Compensation & Human Resources Committee, in its absolute discretion, may from time to time determine, upon such terms and conditions, and subject to such performance criteria as the Compensation & Human Resources Committee may, in its absolute discretion, determine.