Equity Related Awards. The Executive may receive during the Employment Period grants of awards under the Company’s 2008 Stock Option and Stock Incentive Plan and/or any other equity-related incentive plan maintained by the Company, as determined by the Compensation Committee in its sole discretion within the parameters of such plan(s).
Equity Related Awards. In addition to all vested stock grants, options or other equity-related awards, additional awards will vest for another twelve (12) month period upon termination. In the event of termination the Executive or his estate will have one (1) year to exercise or sell vested shares or options (but not beyond the term of the option).
Equity Related Awards. All equity-related awards, including restricted stock awards and stock options, held by the Executive as of the termination date, shall vest in full upon a Change in Control, and shall be exercisable for such period as set forth in the Stock Option Plan.
Equity Related Awards. During the Term, Executive shall be eligible to participate, on the same basis as other similarly-situated executives of the Company, in such equity-related incentive compensation programs as the Company may establish or maintain from time to time.
Equity Related Awards. 2.3.1 In connection with the execution of this Agreement, the Executive shall be granted an equity incentive award with aggregate value equal to $1,000,000 (determined based on the closing price of the Company’s common stock as of the date such award is granted) under the Company’s 2018 Stock Option and Stock Incentive Plan. Fifty percent (50%) of such award shall be granted in the form of restricted stock units that vest in equal installments on each of the 3rd, 4th and 5th annual anniversaries of the grant date, provided the Executive remains in continuous employment with the Company through each such vesting date. The remaining fifty percent (50%) of such equity award shall be granted in the form of restricted stock units that vest based on Company performance metrics to be established by the Compensation Committee at the time of grant and consistent with the Company’s strategic plan. Such equity award shall be conditioned on the Executive’s execution of award agreements provided by the Company at the time of grant.
Equity Related Awards. In addition to the benefits set forth in Section 7(a), if Executive’s employment is terminated by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason, any stock grants, options or other equity-related awards then held by Executive, to the extent not already vested as of such termination, will immediately vest with respect to an additional 12 month period, as if Executive continued to provide services to the Company during such additional 12 months, and Executive or his estate may exercise vested options until the earlier of (i) the original termination date of the option or (ii) three years after the date of Executive’s termination.
Equity Related Awards. In the event of a Change in Control, and without regard to any termination of employment, any stock grants, options or other equity-related awards then held by Executive, to the extent not already vested as of the closing of such Change in Control event, will immediately vest in full, and shall be exercisable for such period as set forth in the applicable award agreements by which such awards are evidenced.
