Stock Incentive Plan Awards Clause Samples

The Stock Incentive Plan Awards clause establishes the terms under which employees or other participants may receive equity-based compensation, such as stock options or restricted stock units, from the company. It typically outlines eligibility criteria, the types of awards available, vesting schedules, and the process for granting and exercising these awards. By clearly defining how and when participants can benefit from stock incentives, this clause helps align employee interests with company performance and provides a structured framework for rewarding and retaining key personnel.
Stock Incentive Plan Awards. Upon Employee’s termination of employment, the treatment of all Awards (as that term is defined in Employer’s Stock Incentive Plan (the “Plan”)) granted to Employee while employed by Employer will be determined in accordance with the Plan.
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Stock Incentive Plan Awards. Executive shall be eligible to receive an annual equity award each calendar year during the Term (“Annual Equity Award”) with a grant date value at target equal to 125% of Base Salary, based on criteria determined in the sole discretion of the Board (or a committee thereof) as part of the Cardtronics, Inc. Third Amended and Restated 2007 Stock Incentive Plan (and/or other then-current or similar or successor plan, “Stock Incentive Plan”).
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Stock Incentive Plan Awards. Executive shall be entitled to participate in the Company's 2003 Stock Incentive Plan and any successor plan (collectively, the "PLAN"). As of the Effective Date, Executive shall be granted 100,000 shares of restricted stock under the Plan, 50,000 shares of which shall vest on January 1, 2005 and 50,000 shares of which shall vest on January 1, 2006. In addition, the Company shall grant Executive non-qualified options to purchase an aggregate of 255,000 shares of the Company's common stock under the Plan ("OPTIONS"). The agreement granting such Options shall be similar in form to option agreements for other executives of the Company; provided, however, that the Options granted pursuant to this SECTION 3.4 shall vest immediately with respect to 155,000 shares, for which the exercise price will be $4.00 per share, and the remaining 100,000 shares will vest pro rata on a monthly basis over a two-year period from the Effective Date and have an exercise price equal to the initial public offering price of the Company's common stock in the IPO. In addition, Options and shares of restricted stock granted pursuant to this SECTION 3.4 shall immediately vest upon a Change in Control (as defined below). If Executive's employment hereunder is terminated by Executive for Good Reason or by the Company without Cause, so long as Executive has executed and delivered to the Company a general release in the form attached hereto as Exhibit A, a portion of any shares of restricted stock that are scheduled to vest on January 1 of the year following the calendar year in which such termination occurs (the "REFERENCE SHARES") shall immediately vest upon such termination determined by multiplying the number of Reference Shares by a fraction in which the numerator equals the number, if any, of whole calendar months during the calendar year in which such termination occurs prior to the Termination Date, and the denominator is twelve (12).
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Stock Incentive Plan Awards. Executive shall be eligible to receive an annual equity award each
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Stock Incentive Plan Awards. Beginning in 2020, Executive shall be eligible to receive an annual equity award each calendar year during the Term (“Annual Equity Award”) with a grant date value at target equal to 70% of Base Salary, based on criteria determined in the sole discretion of the Board (or a committee thereof) as part of the Cardtronics, Inc. Third Amended and Restated 2007 Stock Incentive Plan (and/or other then-current or similar or successor plan, “Stock Incentive Plan”). In lieu of an Annual Equity Award for 2019, Executive will be awarded $300,000 in restricted stock units (valued as of the close of trading on the Commencement Date) as a one-time award, which award shall be governed by the terms and conditions of the Stock Incentive Plan and the associated equity award agreement in the form attached hereto as Exhibit A (the “Sign-On Stock Incentive Award”).
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Stock Incentive Plan Awards. Section 3(d) of the Employment Agreement is hereby amended and restated in its entirety to read as follows:
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Stock Incentive Plan Awards. Executive shall be eligible to receive an annual equity award each calendar year during the Term (“Annual Equity Award”) with a grant date value at target equal to 125% of Base Salary, based on criteria determined in the sole discretion of the Board (or a committee thereof) as part of the Fourth Amended and Restated 2007 Stock Incentive Plan of Cardtronics Plc (and/or other then-current or similar or successor plan, “Stock Incentive Plan”). In addition, Executive will be awarded $250,000 in restricted stock units (valued as of the close of trading on the date they are granted, where such date shall be no later than 60 days following the Commencement Date) as a one-time award, which award shall be governed by the terms and conditions of the Stock Incentive Plan and the associated equity award agreement in the form attached hereto as Exhibit A (the “Sign-On Stock Incentive Award”).
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Stock Incentive Plan Awards. Executive shall be eligible to receive an annual equity award each calendar year during the Term (“Annual Equity Award”) with a grant date value at target equal to 80% of Base Salary, based on criteria determined in the sole discretion of the Board (or a committee thereof) as part of the Cardtronics, Inc. Third Amended and Restated 2007 Stock Incentive Plan (and/or other then-current or similar or successor plan, “Stock Incentive Plan”). Further, Executive will be awarded 8,000 restricted stock units as a one-time award, which award shall be governed by the terms and conditions of the Stock Incentive Plan and the associated equity award agreement in the form attached hereto as Exhibit A (the “Sign-On Stock Incentive Award”).
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Related to Stock Incentive Plan Awards

  • Stock Incentive Plans Nothing in this Agreement shall be construed or applied to preclude or restrain the General Partner from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the General Partner, the Partnership or any of their Affiliates or from issuing REIT Shares, Capital Shares or New Securities pursuant to any such plans. The General Partner may implement such plans and any actions taken under such plans (such as the grant or exercise of options to acquire REIT Shares, or the issuance of restricted REIT Shares), whether taken with respect to or by an employee or other service provider of the General Partner, the Partnership or its Subsidiaries, in a manner determined by the General Partner, which may be set forth in plan implementation guidelines that the General Partner may establish or amend from time to time. The Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by the General Partner, amendments to this Agreement may become necessary or advisable and that any approval or Consent to any such amendments requested by the General Partner shall be deemed granted by the Limited Partners. The Partnership is expressly authorized to issue Partnership Units (i) in accordance with the terms of any such stock incentive plans, or (ii) in an amount equal to the number of REIT Shares, Capital Shares or New Securities issued pursuant to any such stock incentive plans, without any further act, approval or vote of any Partner or any other Persons.

  • Stock Incentive Plan Executive shall be eligible for awards under the Employer’s Stock Incentive Plan. The type, timing and size of awards will be at the discretion of the Board of Directors.

  • Future Stock Incentive Plans Nothing in this Agreement shall be construed or applied to preclude or restrain the Corporation from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the Corporation, the Company or any of their respective Affiliates. The Members acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by the Corporation, amendments to this Section 3.10 may become necessary or advisable and that any approval or consent to any such amendments requested by the Corporation shall be deemed granted by the Manager and the Members, as applicable, without the requirement of any further consent or acknowledgement of any other Member.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • Awards 1. The disputing parties may agree on a resolution of the dispute at any time before the tribunal issues its final award. 2. Where a tribunal makes a final award against either of the disputing parties, the tribunal may award, separately or in combination, only: (a) monetary damages and any applicable interest; and (b) restitution of property, in which case the award shall provide that the disputing Member State may pay monetary damages and any applicable interest in lieu of restitution. 3. A tribunal may also award costs and attorneys fees in accordance with this Agreement and the applicable arbitration rules. 4. A tribunal may not award punitive damages. 5. An award made by a tribunal shall have no binding force except between the disputing parties and in respect of the particular case. 6. Subject to paragraph 7 and the applicable review procedure for an interim award, the disputing party shall abide by and comply with an award without delay. (15) 7. The disputing party may not seek enforcement of a final award until: (a) in the case of a final award under the ICSID Convention: (i) 120 days has elapsed from the date the award was rendered and no disputing party has requested revision or annulment of the award; or (ii) revision or annulment proceedings have been completed; (b) in the case of a final award under the ICSID Additional Facility Rules, the UNCITRAL Arbitration Rules, or the rules selected pursuant to Article 33(1)(e): (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside, or annul the award; or (ii) a court has dismissed or allowed an application to revise, set aside, or annul the award and there is no further appeal. 8. A claim that is submitted for arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for purposes of Article 1 of the New York Convention. 9. Each Member State shall provide for the enforcement of an award in its territory.