2022 Equity Incentive Plan definition
Examples of 2022 Equity Incentive Plan in a sentence
The Option is being granted pursuant to the terms of the Company’s 2022 Equity Incentive Plan (the “Plan”).
The Initial RSU Award will be subject to the terms and conditions of that certain 2022 Equity Incentive Plan (the “Plan”) and a restricted stock unit award agreement in a form approved by the Company.
The Option shall vest and become exercisable subject to the terms set forth in the 2022 Equity Incentive Plan expected to be approved by the Board and effectuated prior to the Company going public by way of Initial Public Offering of its common stock on a national exchange.
For purposes of this Agreement, “Cause” shall have the meaning set forth in the 2022 Equity Incentive Plan.
For purposes of this Agreement, a “Change in Control” shall have the meaning as set forth in the Company’s 2022 Equity Incentive Plan.
Subject to approval of the Board, following the closing of the Transactions, Executive may be granted equity awards from time to time covering shares of Parent’s common stock (each, an “Award”), pursuant and subject to the terms and conditions of Parent’s 2022 Equity Incentive Plan (the “Plan”) and other documents issued in connection with the grant (the “Award Documents”).
For purposes of this Agreement, “2022 Equity Incentive Plan” shall mean the Company’s 2022 Equity Incentive Plan or the successor plan pursuant to which the Executive was, prior to the relevant transaction, most recently granted long-term incentive awards.
The LTI Awards shall be granted under the terms of grant-specific agreements that are approved by the Board’s compensation committee from time to time, and in accordance with the Company’s 2022 Equity Incentive Plan (the “Equity Agreements).
For purposes of this Agreement, “Change in Control” shall have the meaning set forth in the 2022 Equity Incentive Plan.
The Board and the Company reserve the right, at their discretion, to change the terms of future Equity Agreements and the equity granted thereunder, subject to the Company’s 2022 Equity Incentive Plan.