Equity Incentive Plan definition
Examples of Equity Incentive Plan in a sentence
The issued and outstanding capital stock of the Company and the shares of Common Stock available for grant pursuant to The ▇▇▇▇▇▇ ▇▇▇▇▇▇ Corporation 2010 Amended and Restated Incentive Plan and The ▇▇▇▇▇▇ ▇▇▇▇▇▇ Corporation 2020 Equity Incentive Plan as of April 23, 2025 (the “Measurement Date”) is set forth on Section 5(a)(iv) of the Company Disclosure Letter.
All terms and conditions of the Company’s 2020 Equity Incentive Plan remain in full force and effect.
The Equity Incentive Plan shall be administered by the board of directors and the Compensation Committee of the Purchaser, as applicable, which shall have the authority to determine the terms and conditions of all awards granted under the Equity Incentive Plan.
The Equity Incentive Plan shall have an initial share reserve equal to approximately ten percent (10%) of the Purchaser’s outstanding shares of common stock (on a fully diluted basis, and provided that the Exchanged Options and Exchanged RSAs shall count towards such initial share reserve), immediately following the Effective Time.
If such Equity Incentive Plan is in agreed form prior to the effective date of the Registration Statement, the Purchaser shall, prior to the Closing Date, adopt such Equity Incentive Plan and submit it for approval of the Purchaser Shareholders at the Purchaser Shareholders’ Meeting.