Equity Incentive definition
Equity Incentive shall have the meaning set forth in Section 2.7.
Equity Incentive. As further additional consideration, on the date of this Loan is made, Konstant shall transfer to Lender 200,000 shares of EOS free-trading stock, expected to have a “going-out” trading value range of US$4.00 to US$7.00 per share. In the event Konstant fails to repay the Loan in full by the Maturity Date, on the first business day after the Maturity Date Konstant shall transfer to Lender an additional 200,000 shares of EOS free-trading stock. Konstant agrees to fully document the transfer of the shares to Lender, by updating the share registry and any other necessary document, immediately on the same date the Loan is made, with a subscription agreement to be negotiated and executed with Lender thereafter. Payment: Borrower shall make a balloon payment of $436,000 to retire Loan at or before the Maturity Date. Borrower and Lender agree to partial payments, only if applicable, until the Maturity Date.
Equity Incentive means any restricted stock (or related unit), stock appreciation right, stock option, shadow stock or other equity-based compensation which is issued, granted or otherwise transferred by a corporation to its (or its Affiliate's) employees, directors or consultants.
Examples of Equity Incentive in a sentence
All equity awards granted to Executive will be subject to the terms and conditions of the Company’s 2021 Equity Incentive Plan (the “LTIP”) and the applicable award agreement approved by the Board or a committee thereof (the “Award Agreements”), which shall be consistent with this Section 3.5. Nothing herein shall be construed to give any Executive any rights to any amount or type of grant or award except as provided in an award agreement and authorized by the Board or a committee thereof.
The Purchaser shall deliver to the Company, via wire transfer immediately available funds equal to the Purchaser's Subscription Amount as set forth on the signature page hereto executed by the Purchaser for each Closing, and the Company shall deliver to the Purchaser the applicable number of shares of Preferred Stock (including both Purchased Shares and Equity Incentive shares) as determined pursuant to Section 2.2(a).
More Definitions of Equity Incentive
Equity Incentive means any right granted under this Plan, including an Option, a Restricted Stock Award and a Stock Appreciation Right.
Equity Incentive means an award of rights, other than an Option or grant of Common Stock, the value of which, in whole or in part, at any point in time is based on the value of a share of Common Stock.
Equity Incentive. 1000 stock options per Tempur World Stock Option Plan (qualified) at a $1250 strike price (Fair Market Value to be confirmed by valuation consultant so as to create no [LOGO] TEMPUR WORLD(TM) income to you at issuance). Options vest 25% per year for four (4) years and are then exercisable over 10 years. The vesting schedule is 25% in the first 12 months and 6.25% per quarter thereafter. Future options may be granted as determined by the Board of Directors of Tempur World.
Equity Incentive. Pursuant to your Consulting Agreement with Roivant Neurosciences Ltd. (predecessor to Axovant Sciences Ltd.) dated March 18, 2015, you were granted 75,000 stock options of Axovant Sciences Ltd. at $0.90 per share on March 18, 2015. These stock options are subject to 4-year vesting period with 25% at Year 1 and quarterly vesting thereafter, as well as any other terms contained in the standard grant agreements of Axovant Sciences Ltd.
Equity Incentive. As further additional consideration, on the date of this Loan is made, Borrower shall transfer to Lender 175,000 warrants with a strike price of $2.50, expected to have a “going-out” trading value range of US$4.00 to US$7.00 per share. Borrower agrees to fully document the transfer of the shares to Lender, by updating the share registry and any other necessary document, immediately on the same date the Loan is made, with a subscription agreement to be negotiated and executed with Lender thereafter. Penalty: In the event the Loan is not repaid on or before the Maturity Date, all unpaid principal and accrued unpaid interest (i.e. as of the Maturity Date) shall accrue interest at the rate of 18% per annum thereafter until paid in full.
Equity Incentive. PROGRAM: You will be entitled to participate in the Company’s equity incentive program. The Company will grant you the right and option to purchase, on the terms and conditions set forth in a separate plan and award agreement, 18,000 Shares (the “Option”), subject to adjustment as set forth in the plan, with an exercise price equal to the fair market value of a share of the Company’s common stock on the date of grant, as determined by the Company in good faith. Furthermore, on your first anniversary, you will have the opportunity to be granted the right and option to purchase 7,000 additional Shares for a total of 25,000 Shares. Full details of the plan will be provided under separate cover in your Nonqualified Stock Option Award Agreement, which shall be controlling in all respects in the event of any inconsistency between such agreement and this Letter Agreement. • RELOCATION BONUS: You will receive a Relocation Bonus of $150,000 (the “Relocation Bonus”) to facilitate your transition and ultimate relocation from Orlando to Sarasota. Half of this bonus will be paid upon your start with the Company and the remainder will be paid upon completion of your relocation to Sarasota. This bonus is provided to cover move-related expenses such as realtor commissions, closing costs, moving company fees and other transition related expenses. If you terminate your employment with the Company within two years following your start date, you will be required to return to the Company a pro rata portion of the Relocation Bonus determined by multiplying the total amount of the Relocation Bonus by a fraction, the numerator of which is the number of days remaining between the date of your termination and the end of such two year period and the denominator of which is 730. • START DATE: Your official start date is TBD but is anticipated to be May 7, 2018. As a condition of employment, you will be required to sign a non-compete and confidentiality agreement prior to your start date. If you do not commence employment with the Company prior to May 31, 2018, this Letter Agreement will automatically terminate and be null and void ab initio.
Equity Incentive means the Company shall issue four (4) shares of Preferred Stock at the Initial Closing and five (5) shares of Preferred Stock at the Additional Closing to the Investor as further inducement and consideration for entering into the Closings.