Examples of Equity Incentive Plan in a sentence
The Majority-In-Interest of the Members shall determine employee compensation matters including salaries, bonuses and any awards under an Equity Incentive Plan.
The Closing is conditioned on the approval of the Business Combination Proposal, each of the Charter Proposals, the Equity Incentive Plan Proposal, the Employee Stock Purchase Plan Proposal and the Nasdaq Proposal at the special meeting.
The officers of the Company shall be entitled to such salary or other compensation, including salaries, bonuses, and any awards under an Equity Incentive Plan subject to Section 7.4(f)(vii) in accordance with this Section 7.5.1(i).
In addition, the shares of common stock reserved for Converted Options and future issuances under our 2021 Equity Incentive Plan will become eligible for sale in the public market once those shares are issued, subject to provisions relating to various vesting agreements, lock-up agreements and, in some cases, limitations on volume and manner of sale applicable to affiliates under Rule 144, as applicable.
A total of approximately 15% of the issued and outstanding shares of our common stock immediately before the effective time of the Recapitalization Share Exchange is expected to be reserved for future issuance under our 2021 Equity Incentive Plan.