Common use of Equity Arrangements Clause in Contracts

Equity Arrangements. Subject to the Board's approval, the Company may from time to time grant equity awards to the Director including, without limitation, non-qualified stock options to purchase shares of common stock of the Company. The terms and conditions of any such awards shall be as specified in a "Non-Qualified Stock Option Agreement" substantially in the form attached hereto as Exhibit A or in such other form agreement as approved by the Board.

Appears in 4 contracts

Samples: Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.)

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Equity Arrangements. Subject to the Board's ’s approval, the Company may from time to time grant equity awards to the Director including, without limitation, non-qualified stock options to purchase shares of common stock of the Company. The terms and conditions of any such awards shall be as specified in a "“Notice of Grant of Non-Qualified Stock Option Agreement" Award to Non-Employee Director” substantially in the form attached hereto as Exhibit A or in such other form agreement as approved by the Board.

Appears in 4 contracts

Samples: Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.)

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