Share Incentive Sample Clauses

Share Incentive. The Company does not have in existence nor is proposing to introduce any share incentive scheme, share option scheme or profit-sharing scheme for all or any of its directors or employees.
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Share Incentive. (i) The Company agrees to issue to the Consultant, as soon as practicable after the Commencement Date, Fifty Thousand (50,000) shares of the Company’s Common Stock (the “Initial Shares”), which shall vest on the 12-month anniversary of the Commencement Date. In the event of the Consultant’s termination of this Agreement for Good Reason or the Company’s termination of the Consultant’s services under this Agreement for Cause due to Consultant’s failure to comply with Section 2 hereof, Consultant shall be entitled to keep such Initial Shares, subject to the vesting schedule provided in this Section 4(c)(i). The terms and conditions of the grant of the Initial Shares shall be further set forth in a grant agreement by and between the Consultant and the Company.
Sample 1
Share Incentive. The Company shall issue to the Consultant at the end of each year, One hundred and sixteen thousand six hundred and sixty seven (116,667) shares of the Common Stock of the Company, free, for the next two years and One hundred and sixteen thousand six hundred and sixty six (116,666) in the third year. A total of Three hundred and fifty thousand (350,000) shares. Cxxxxx Xxxxxx Agreement
Sample 1
Share Incentive. BONUS SCHEMES ETC ---------------------------------- The Company does not have in existence and is not proposing to introduce any share incentive scheme, share option scheme or profit sharing scheme for all or any part of its directors or employees.
Sample 1

Related to Share Incentive

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Incentive Award During the Term of Employment, the Executive shall be eligible for an annual incentive award with payout opportunities that are commensurate with his position and duties, as determined by the Compensation Committee in its discretion. Commencing with the Effective Date of the initial Term of Employment, the Executive’s target annual incentive award opportunity will be equal to fifty percent (50%) of the Executive’s Base Salary. The Executive’s annual incentive award opportunities shall be based on Company and individual performance goals determined, and subject to change, by the Compensation Committee in its discretion. The Executive shall be paid his annual incentive award no later than other senior executives of the Company are paid their annual incentive award.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Equity Incentive Plans Each stock option granted by the Company under the Company’s equity incentive plan was granted (i) in accordance with the terms of the Company’s equity incentive plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s equity incentive plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

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