Initial Equity Grants Sample Clauses

Initial Equity Grants. Executive will receive on the Start Date an award of (i) options to purchase 15,000 shares of the Employer's common stock and (ii) restricted stock units representing 20,000 share of the Employer's common stock. The options will have an exercise price equal to the mean between the lowest and highest reported sale prices of the Employer's common stock on the Start Date, will vest and become fully exercisable in three substantially equal installments beginning on the first anniversary of the Start Date, subject to your continued employment through each vesting date, and will have a ten year term. The restricted stock units will become vested and settled in shares of the Employer's common stock as follows, subject to your continued employment through each vesting date: 25% on the first anniversary of the Start Date, 25% on the second anniversary of the Start Date and 50% on the third anniversary of the Start Date.
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Initial Equity Grants. On the Effective Date, the Company shall grant Employee equity grants under the Company’s 2020 Long Term Incentive Plan, with respect to an aggregate target of 106,064 shares of the Company’s common stock (the “Initial Equity Grants”), which aggregate target number of shares shall be allocated as follows: (i) 25% to time-based restricted stock units, the award agreement for which are attached hereto as Exhibit B; (ii) 25% to relative total shareholder return performance share units, the award agreements for which are attached hereto as Exhibits C-1 and C-2; and (iii) 50% to absolute total shareholder return performance share units, the award agreements for which are attached hereto as Exhibits D1 and D2. The Initial Equity Grants shall be made pursuant to, and shall be subject to the terms and conditions set forth in, the award notices executed and delivered by Employee and the Company contemporaneously herewith, the award agreements, and the 2020 Long Term Incentive Plan.
Initial Equity Grants. Within thirty (30) days (“Grant Date”) following the approval by the stockholders of an equity plan in the form and with such terms and conditions as determined in the sole discretion of the Company (the Company hereby agreeing to use its reasonable efforts to have the stockholders approve such equity plan at the 2014 Annual Stockholders Meeting), the Executive shall receive the following equity awards:
Initial Equity Grants. Subject to approval by the Board or its designee, you will be granted on or as soon as reasonably practicable following the Start Date:
Initial Equity Grants. Contemporaneous with the commencement of Executive’s employment with the Company, the Company shall grant to Executive an option to purchase Two Hundred Seventy Thousand (270,000) shares of the Company’s Common Stock. The Option Shares exercise price shall be determined by the Company’s Board of Directors but shall be the closing price for the Company’s common stock as determined on the Nasdaq National Market on the date of commencement of Executive’s employment. The Option Shares shall vest according to the following schedule, subject to Executive’s continued service to the Company: (i) 12.5% of the Option Shares shall vest on the first six months of the date of grant, and (ii) the remaining 87.5% of the Option Shares shall vest in fourteen equal and successive quarterly installments upon the Executive’s completion of each additional three (3) month period of service thereafter. In addition, contemporaneous with the commencement of Executive’s employment, Executive will be granted Fifty Thousand (50,000) restricted shares of the Company’s Common Stock (the “Restricted Shares”), at no cost to Executive, subject to the terms of the Company’s Restricted Stock Agreement (the “Restricted Stock Agreement”) and the Company’s Stock Incentive Plan. The Restricted Shares shall vest according to the following schedule, subject to Executive’s continued service to the Company: 25% of the Restricted Shares shall vest on the first anniversary of the date of grant, and an additional 25% of the Restricted Shares shall vest on each anniversary thereafter for the next three years. The date of grant and the exercise or purchase price per share of the Restricted Shares shall be determined by the Board.
Initial Equity Grants. Subject to, and contingent upon the occurrence of the Start Date, the Company will cause the Promote Entities (as defined below) to issue equity incentive awards (the “Initial Equity Grants”) to Executive in each of the promote pools that comprise the Company’s equity incentive program as of the Start Date (the “Existing Promote Entities” and, together with any subsequent promote pools, collectively, the “Incentive Plan”). The Initial Equity Grants, taken together with Executive’s subsequent grants under the Incentive Plan (collectively, the “Equity Grants”), shall have a target aggregate exit value equal to approximately $5,000,000, provided, that the Initial Equity Grants shall include grants of Class B Units in each of the following Promote Entities: Promote Entity Class B Units Invitation Homes L.P. 70.0 Invitation Homes 2-A L.P. 100.0 Preeminent Parent L.P. 100.0 Invitation Homes 3 L.P. 100.0 Invitation Homes 4 L.P. 100.0
Initial Equity Grants. Within thirty (30) days (“Grant Date”) following the Effective Date, the Executive shall receive the following equity awards:
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Initial Equity Grants. Contemporaneously with this Agreement, pursuant to the Company’s 2008 Equity Incentive Plan (the “Equity Plan”), the Company shall grant to the Executive:
Initial Equity Grants. The Executive shall be entitled to the equity awards set forth in clauses (i)-(iii) below (the “Initial Equity Grants”) on such terms and conditions set forth therein. Each of the Initial Equity Grants shall be granted under the Third Point Reinsurance Limited Omnibus Incentive Plan (the “Omnibus Incentive Plan”), and shall be evidenced by award agreements to be entered into between the Company and Executive at the time of grant in the form customarily used by the Company for its executive officers. The Company represents that the stock underlying the Initial Equity Grants will be “service recipient stock” and that the Company is an “eligible issuer of service recipient stock,” in each case, under Treasury Regulation Section 1.409A-1(b)(5)(iii).
Initial Equity Grants. On the same date in the first quarter of the Company’s 2017 fiscal year on which options are first granted to other senior executives of the Company (and subject to the Executive’s continued employment on such grant date) (the “Option Grant Date”), the Executive will be granted a number of options to acquire Membership Units of the Parent (the “Options”) pursuant and subject to the New Academy Holding Company, LLC 2011 Unit Incentive Plan, as may be amended from time to time, and the terms and conditions of the form of an Option Award Agreement to be provided by the Company, which Options shall have a grant date fair value equal to $600,000.00. Sixty-six and two-thirds percent (662/3%) of the Options will be service-based and vest ratably over a period of four years from the Option Grant Date based solely on the Executive’s continued employment, in accordance with the terms of such Option Award Agreement. Thirty-three and one-third percent (331/4%) of the Options will be performance- and service-based and vest ratably over a period of four years from the Option Grant Date (generally) based on the Parent’s achievement of the performance goal established by the Compensation Committee of the Board for the first year only and thereafter, if the first-year performance goal was achieved, based solely on the Executive’s continued employment, in accordance with the terms of such Option Award Agreement. The Executive’s eligibility for equity awards in future fiscal years will be determined by the Board in its sole discretion.
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