Sign-On Grant. Promptly following the Effective Date, subject to proper action by the Board or the Committee, the Company shall award the Executive an initial equity grant (the “Sign-On Grant”) of 747 restricted shares of the Company’s common stock (the “Restricted Shares”). Subject to the Executive’s continued employment through the applicable vesting date, the Restricted Shares shall vest on January 1, 2024, and shall vest fully and immediately, if sooner, upon a termination of the Executive’s employment under this Agreement (i) by the Company without Cause (as defined in Exhibit A) or (ii) following a Change in Control (as defined in Exhibit A), by the Executive for Good Reason.
Sign-On Grant. On June 1, 2012, the Company issued Executive a restricted stock award (the “Sign-On Grant”) under the LTIP of 10,000 shares of Company common stock. The Sign-On Grant vested 50% on June 1, 2013 and will vest 50% on June 1, 2014 if Executive remains employed hereunder on such date.
Sign-On Grant a. In addition to the compensation set forth in section 4 above, and subject to any applicable blackout periods pertaining to trading in common shares of the Employer by "Insiders" (as defined under applicable securities laws and regulations), the Executive will receive a USD $100,000 sign-on grant in the form of stock options, the number of options being calculated as of the grant date using the Black-Scholes option pricing model, upon the later of the Commencement Date and the lifting of the applicable blackout period, and subject to the Employer's normal governance policies, which wxxx xxxxx vest on the third anniversary of the grant date, with a term often years (the "SOG Options").
Sign-On Grant. In addition to Equity Awards previously granted to you in connection with your appointment as SVP, Head of R&D in the amounts of 300,000 Restricted Stock Units (“RSUs”) and options under the Abeona Therapeutics 2015 Equity Incentive Plan to purchase 400,000 shares of the Company’s Common Stock (the “Option Shares”), on the Effective Date, as approved by the Compensation Committee, in connection with execution of this Agreement you will be granted an additional 50,000 Restricted Stock Units (“RSUs”) and options to purchase 300,000 shares of the Company’s Common Stock (the “Option Shares”) at an exercise price per share equal to the Fair Market Value of a share of Common Stock (each term as defined in the Equity Incentive Plan) on the date of grant. The Option Shares and RSUs will vest over a forty-eight (48) month period, with one quarter (25%) vesting on the one-year anniversary of the Effective Date and the remaining seventy-five percent (75%) vesting in equal installments thereafter over the remaining thirty-six (36) months – RSUs annually and Options monthly – commencing with the first such month following the first anniversary of the Effective Date. Equity vesting is subject to your continued service with the Company and/or its Affiliates through the applicable vesting dates, and subject to the terms and conditions of the Company’s Equity Incentive Plan, except as provided below. If you remain continuously employed from the Effective Date through the date of a Change in Control (as defined below), notwithstanding the terms of any equity incentive plan or award agreements, as applicable, all outstanding unvested stock options granted to you during your employment with the Company shall become fully vested and exercisable and will remain exercisable for three (3) months following the date of a Change in Control, and all outstanding long-term equity compensation awards, other than stock options, shall become fully vested and the restrictions thereon shall lapse. Pursuant to the terms of the Plan, the exercise price of the stock options will be the fair market value of the Company’s common stock on the date that the stock options were granted.
Sign-On Grant a. Subject to any applicable blackout periods pertaining to trading in common shares of the Employer by “Insiders” (as defined under applicable securities laws and regulations), the Executive will receive a USD$5,000,000 sign-on grant upon the later of the Commencement Date and the lifting of the applicable blackout period, comprised as follows:
Sign-On Grant. Effective as of the Start Date, the Company shall grant the Executive restricted stock units (“RSUs”) with a value of $100,000 and nonqualified stock options (“Options”) with a value of $100,000, with each valued as of the Start Date in accordance with the Company’s standard procedures. The RSUs and the Options shall vest in four equal increments on each of the first four annual anniversaries of the Start Date, subject to the Executive’s continued employment with the Company through the applicable vesting date. The RSUs and the Options shall be granted pursuant to the Company’s 2007 Stock Incentive Plan and the standard forms of restricted stock unit agreement and stock option agreement thereunder (as modified to reflect this Section 3.5(A).
Sign-On Grant. As soon as administratively practicable following the Closing, the Company shall grant to Employee 1,500 shares of restricted stock (the “Sign On Grant”) pursuant to the Company’s 2019 Equity Incentive Plan. The terms and conditions of such Sign On Grant shall be substantially the same as the terms and conditions applicable to grants of restricted stock made to other similarly situated Company executives; provided, however, that the Sign On Grant shall vest, based on Employee’s continued employment with the Company, as to 500 shares of restricted stock on each of the first three anniversaries of the Closing.
Sign-On Grant. Promptly following the Start Date, the Executive shall receive a restricted stock unit award covering 25,125 shares of the Company’s Class A Common Stock (the “Special Award”). The Special Award shall vest fifty percent (50%) on January 24, 2018 and fifty percent (50%) on January 24, 2019, subject to the Executive’s continued service to such date; provided, however, that full and automatic vesting of the Special Award shall occur in the event the Executive’s employment with the Company terminates on account of death or Disability (defined below), or the Executive is involuntarily terminated by the Company without Cause (defined below) or resigns for Good Reason (defined below).
Sign-On Grant. Pursuant to the Company’s Amended and Restated 2006 Long-Term Incentive Plan (the “LTIP”), the terms of which are expressly incorporated herein (or successor plan), the Executive shall be granted performance units of the Company with a value on the date of grant of approximately $600,000, subject to the terms and conditions of the LTIP. The value of the performance unit grant reflects the approximate difference between the value of the Executive’s severance benefits under the Old Agreement and the value of the severance benefits set forth herein. The performance units shall vest based on performance criteria and be subject to certain accelerated vesting provisions as set forth in the LTIP and the Performance Unit Award Agreement, substantially and in all material respects in the form attached hereto as Exhibit A.
Sign-On Grant. On the Effective Date, Executive shall be granted an additional stock option to purchase a total five hundred thousand (500,000) shares of Company Common Stock, with a per share exercise price equal to $18.375. This option shall be for a term of eighteen months, subject to automatic ongoing extensions which may be multiple, each of ninety (90) days in duration, upon notice to the Company by Executive that Executive has reasonably deemed it imprudent to exercise the option or sell shares covered thereby by virtue of such actions potentially giving rise to liability to litigation. The option shall vest as to 100% of the shares originally subject to the option one year from the Effective Date, conditioned upon Executive's continued employment with the Company as of such vesting date. The option shall be exercisable at any time, including by means of Executive entering into a fully recourse promissory note covering the aggregate exercise price, subject to Executive entering into a restricted stock purchase agreement with the Company with respect to any unvested shares. The shares covered by the stock option shall be registered on Form S-8 by the Company prior to the date of any vesting.
