Equity Award Plan definition
Examples of Equity Award Plan in a sentence
The value of any Share Incentive Award shall be the aggregate grant date Fair Market Value (as defined in the 2004 Equity Award Plan) of the Shares subject to such Award.
Each Option Incentive Award and Share Incentive Award shall have such termination, forfeiture and other terms as are applicable to stock option or restricted stock awards granted to other senior executives of the Company, as set forth in the 2004 Equity Award Plan and the applicable award agreement.
The acceleration of vesting and exercisability under this Section will apply notwithstanding any provision in the 2000 Equity Award Plan or any other plan or agreement that would prevent the acceleration and vesting of the awards or cause them to be canceled, rescinded or otherwise impaired.
The number of Equity Awards, if any, and the terms and conditions of any such Equity Awards, shall be determined by the Committee appointed pursuant to the Equity Award Plan, or by the Board, in its sole discretion and pursuant to the Equity Award Plan.
In the event that the 2008 Equity Award Plan is approved after June 30 of the fiscal year in question, the Annual Stock Option Award for such year shall be granted as soon as practicable after such approval.
Executive’s actual LTIP Award in respect of such 2014-2016 performance period shall be determined in accordance with the criteria described in the LTIP, including the satisfaction of performance and other criteria (including discretionary components) established by the Compensation Committee, and subject to the LTIP, the Equity Award Plan and Company practices and/or Executive’s continuous employment through applicable date of grant, vesting and/or payment, as the case may be.
Equity Award Plan for Employees, Officers and Directors, adopted by the Board on January 10, 2005, the Company shall grant to the Executive options to purchase 14,018 shares of Common Stock (the "Options"), representing approximately one quarter per cent (0.25%) of the issued and outstanding shares of Common Stock as of the Effective Date with an exercise price per share equal to the fair market value of a share of Common Stock on the Effective Date.
The RSUs shall be granted pursuant to the terms of the LVSC Amended and Restated 2004 Equity Award Plan (the “2004 Plan”) or a successor plan, and shall vest as to thirty-three percent (33%) on the first and second anniversaries of such grant and thirty-four percent (34%) on the third anniversary of such grant subject to your continued employment with the Company as of the applicable vesting date or otherwise as described in this Agreement.
In addition, Executive shall be eligible to participate in LVSI’s Executive Cash Incentive Plan (the “Executive Cash Incentive Plan”) and LVSC’s 2004 Equity Award Plan (the “2004 Equity Award Plan”), each to be established following the date hereof and prior to the IPO, and each to be administered by the Compensation Committee of the Board (the “Committee”).
On or as soon as administratively practicable after the Effective Date, the executive, pursuant to the terms of the Company’s Amended and Restated 2015 Omnibus Equity Incentive Plan (as amended or updated from time to time, the “Equity Plan”) will be eligible to participate in the Company’s Equity Award Plan.