Initial Equity Grant definition

Initial Equity Grant means the grant of 12,000,000 restricted shares of common stock of the Company granted to Executive on February 9, 2012 pursuant to the Original Employment Agreement.
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Initial Equity Grant has the meaning set forth in Section 2.4(c) of this Agreement.
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Initial Equity Grant. On the Commencement Date, the Company will grant you stock options to acquire 1,500,000 shares of Company common stock (the “Initial Stock Options”) pursuant to the terms and conditions of the Company’s 2012 Stock Plan (the “2012 Plan”) with an exercise price equal to the closing price of a share of Company common stock on the New York Stock Exchange on the grant date. The Initial Stock Options shall have the same terms and conditions as stock options generally granted during the Company’s fiscal year ending February 22, 2014 (“FY 2014”) to other executives of the Company under the 2012 Plan; provided, that, the Initial Stock Options shall vest in three equal annual installments on each anniversary of the grant date, with accelerated vesting of the Initial Stock Options upon the achievement of a per share price of Company common stock (such price, and the duration for which it must be maintained, to be established by the Compensation Committee and reflected in the Initial Stock Options grant agreement), in each case subject to continued employment through the applicable vesting date.
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Examples of Initial Equity Grant in a sentence

  • The Initial Equity Grant shares and the 2017 Incentive Grant shares were issued on February 26, 2018.

  • Legislative decree 351/1999 transposed the 1996 directive on ambient air quality (96/62/EC) which includes ozone.

  • Equity awarded under Initial Equity Grant was awarded to the Managing Director and Chief Financial Officer upon the listing of Deterra Royalties Ltd on the ASX.

  • There was no short-term incentive (STI) for FY21, however the Board made a ‘one-off’ Initial Equity Grant (IEG) of Performance Rights to the Managing Director & Chief Executive Officer and to the Chief Financial Officer in December 2020 to bridge the period until the LTI was capable of vesting after 30 June 2023.

  • The Board compensation arrangement is comprised of the following:› Initial Equity Grant.

  • The arrangement has the following features: · Initial Equity Grant.

  • The amount for Ms. Christy represents an amount approximately equal to the 2,308 shares granted as her Initial Equity Grant multiplied by $38.99, which is the closing price per share of Common Stock on August 9, 2007 (the date of her appointment to the Board).

  • The agreement also provided for an Initial Equity Grant of 200,000 SPRs effective September 24, 2012, the date Mr. DeCata was appointed President and Chief Executive Officer, pursuant to the Lawson Products, Inc.

  • Mr. Abrams waived an Initial Equity Grant in connection with his original appointment to the Board in January 2008, as did Mr. Edens and Mr. Niehaus.

  • In addition, any unvested equity awards that were granted prior to the Change in Control Period, including the Initial Equity Grant or any other equity awards made during the Term, shall, unless otherwise provided in the RSU Agreement, fully and immediately vest (and in the case of options become exercisable), and otherwise shall be treated as specified in the RSU Agreement or in any applicable equity plan or other award agreement.


More Definitions of Initial Equity Grant

Initial Equity Grant. As an important part of this offer, we will grant to you the following initial amounts of restricted shares and stock options. These restricted shares and stock options will be issued under, and subject to, the general terms and conditions of the Company's 1996 Stock and Option plan.
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Initial Equity Grant. (i) options to purchase 600,000 shares of common stock which shall vest as set forth in the Form of Notice of Grant of Stock Options and Options Agreement attached hereto as Exhibit A which shall be dated April 4, 2011 and (ii) 150,000 restricted stock units which shall vest as set forth in the Form of Notice of Grant of Restricted Stock Units and Restricted Stock Units Agreement attached hereto as Exhibit B which shall be dated April 4, 2011.
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Related to Initial Equity Grant

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Company Equity Award means a Company Stock Option or a Company Restricted Share granted under one of the Company Stock Plans, as the case may be.

  • Vesting Event means the earliest to occur of the following events:

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Change in Control Benefits means the following benefits:

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Company Stock Option Plan means the Company's 1999 Stock Option Plan.

  • 409A Change in Control means a “Change in Control” which also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all within the meaning of § 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.