Equity Plan definition
Examples of Equity Plan in a sentence
Of such shares of Company Common Stock reserved for issuance under the Company Equity Plan, 8,471,868 of such shares are reserved for issuance upon exercise of currently outstanding Company Options, none of such shares are currently issued and outstanding that were issued upon exercise of Company Options previously granted under the Company Equity Plan, and 6,361,460 shares remain available for future awards permitted under the Company Equity Plan.
Any certificate evidencing an LTIP Unit shall bear an appropriate legend, as determined by the Managing Member, indicating that additional terms, conditions and restrictions on transfer, including without limitation under any LTIP Unit Agreement and the Plan (or any other applicable Equity Plan), apply to the LTIP Unit.
From and after the Closing, the Company and SPAC shall not issue any new awards under the Company Equity Plan.
Notwithstanding any other provision of this Agreement, the provisions of this Section 5 shall exclusively govern Executive’s rights upon termination of employment with the Company; provided, that Executive’s rights under the Equity Plan (or any other equity plan) and equity incentive award agreement shall, in each case, be governed exclusively by such plan or agreement, as applicable.
The Company has furnished to SPAC complete and accurate copies of the Company Equity Plan and forms of agreements used thereunder.