Annual Equity Awards. Following the first anniversary of the Effective Date, Executive will be granted annual equity awards in an amount determined by the Board. Such awards may be in the form of options, restricted stock units, performance shares, or any other form as approved by the Board.
Annual Equity Awards. The Executive shall be eligible to receive annual equity awards. The Compensation Committee of the Board shall determine the amount of the actual equity award, if any, based on overall corporate performance and individual performance.
Annual Equity Awards. Executive shall be eligible to be granted equity awards under the Company's annual equity incentive award program in effect for other senior executives of the Company. The terms and conditions of such equity awards (including, without limitation, the form of award(s), the number of shares covered by such awards, the vesting schedule, performance conditions, restrictive provisions, etc.) shall be determined by the Compensation Committee of the Board in its sole discretion.
Annual Equity Awards. In addition to the Base Salary and Annual Bonus, Executive shall be eligible to be granted, for each calendar year ending during the Employment Period, an annual equity award (the “Annual Equity Award”) under the Rev Renewables, Inc. 2022 Long Term Incentive Plan as amended from time to time (together with any successor equity incentive plans adopted by the Company or New PubCo, the “Equity Plan”). The Annual Equity Award for calendar year 2022 shall have a target aggregate grant date fair value, as determined by the Board or the Compensation Committee as of the applicable date of grant, of $1,400,000 and will be granted within sixty (60) days following the time when shares of the New PubCo or one of its affiliates become listed on a public securities exchange (whether through an initial public offering, special purpose acquisition company transaction, or otherwise) (a “Public Listing”). The form of each Annual Equity Award, if any, and the terms and conditions (including vesting) applicable to each Annual Equity Award, shall be determined by the Board or the Compensation Committee annually, in its sole discretion, and may include one or more of the following: stock options, stock appreciation rights, restricted stock awards or units, vested stock awards, dividend equivalents, other stock- or cash-based awards, cash awards and/or substitute awards. Each Annual Equity Award shall be subject in all respects to, and governed by, the terms and conditions set forth in the Equity Plan (if applicable) and the applicable award agreement governing each such award. Executive acknowledges that any Annual Equity Award is subject to the approval of the Board or Compensation Committee in its sole discretion. Subject to the approval of the Board or the Compensation Committee, it is currently expected that with respect to the Annual Equity Award for calendar year 2022 (1) payout opportunities for any performance-based restricted stock units granted will range from 50% of target for threshold performance achievement to 200% of target for maximum performance achievement, (2) awards will be settled in shares, (3) any performance-based restricted stock units granted would contain a three-year performance period, and (4) any time-based restricted stock units or stock options granted would have a ratable three-year vesting period.
Annual Equity Awards. For each fiscal year during the Employment Term, the Executive will be eligible for an annual equity award (“Annual Equity Award”) determined under the equity grant policies established by the Compensation Committee, taking into consideration current market practice, affordability, and performance, as well as other factors determined by the Compensation Committee to be relevant, which Annual Equity Award shall be subject to the underlying terms and conditions of the Company’s then current equity incentive plan (“Equity Incentive Plan”). Annual Equity Awards may be in the form of stock options, restricted stock, restricted stock units, performance shares, performance units, or any other equity award that is permitted pursuant to the Equity Incentive Plan.
Annual Equity Awards. The Executive shall be eligible to receive annual equity awards from time to time (as determined in the sole discretion of the Committee), subject to the terms and conditions set forth in the applicable award agreement(s).
Annual Equity Awards. For each calendar year during the Employment Period beginning with calendar year 2024, the Executive shall be eligible to receive an equity-based compensation award, as determined by the Board (or a subcommittee thereof), from time to time, with a target value of $500,000. The Board or such subcommittee shall determine in its sole discretion the grant timing, amount, form(s) and mix, and such other terms and conditions (including vesting, exercise and settlement) applicable to any such annual equity-based compensation award, taking into account the Executive’s and the Company’s performance. Any such award shall be evidenced by a separate award agreement in a form prescribed by the Company, to be entered into by PubCo and the Executive.
Annual Equity Awards. The Company shall request that, at the first CCLG meeting to be held following each of July 1, 2023, July 1, 2024 and July 1, 2025 (each, an “Annual Award Date”) and subject to Employee’s continued employment with the Company through the applicable Annual Award Date, the CCLG grant Employee an annual equity award (each, an “Annual Equity Award”) equivalent in total value to one hundred percent (100%) of Employee’s base salary in effect at the time of such grant, to be allocated (subject to Section 5(j)) as follows: Xx. Xxxxx Xxxxx As of March 27, 2023
Annual Equity Awards. With respect to each fiscal year or portion of a fiscal year of the Company ending during the Remuneration Period, the Executive shall be eligible to be considered for the grant of annual equity awards under any Company equity plans on terms and conditions no less favorable than those provided to other senior executives of the Company.
Annual Equity Awards. You will receive consideration for annual equity grants as part of your performance and compensation review. Annual equity awards are subject to the approval of the HRCC.
