Equity Awards definition
Examples of Equity Awards in a sentence
The Company shall provide that, on and following the Effective Time, no holder of any Company Equity Awards shall have the right to acquire any equity interest in the Company or the Surviving Corporation in respect thereof and each Company Stock Plan shall terminate as of the Effective Time; provided, that the Company ESPP shall terminate in accordance with Section 3.10(c) hereof.
Other than pursuant to the Company Stock Plans and the Company Equity Awards thereunder, the Company is not under any obligation, nor is it bound by any Contract pursuant to which it may become obligated, to repurchase, redeem or otherwise acquire any outstanding shares of Company Common Stock or other securities.
The Equity Awards will be evidenced by a restricted stock unit award agreement, a stock option agreement, or any other form of equity award agreement under the Equity Plan, and will be subject to the terms and conditions of such agreements and the Equity Plan.
So long as you do not terminate the Consulting Period prior to March 31, 2026, an additional portion of the Equity Awards that would have vested as of September 1, 2026 had you remained in a “continuous service relationship as a Service Provider” or in “Continuous Service” through such date shall vest as of the Service End Date.
The amount and terms of the Equity Awards awarded to the Executive shall be set by the Compensation Committee in its discretion.