Additional Equity Awards. Executive shall be eligible to be granted additional equity awards in accordance with the Company’s policies as in effect from time to time, as recommended by the Compensation Committee and approved by the Board of Directors.
Additional Equity Awards. Employee shall be entitled to participate in any equity or other employee benefit plan that is generally available to senior executive officers, as distinguished from general management, of the Company. Except as otherwise provided in this Agreement, Employee’s participation in and benefits under any such plan shall be on the terms and subject to the conditions specified in the governing document of the particular plan.
Additional Equity Awards. Xxxxx will be eligible to participate in the Company’s existing equity plan or such other equity based long-term incentive compensation plan, program or arrangement generally made available to senior executive officers of Altimmune from time to time, as determined by the Committee in its sole and absolute discretion.
Additional Equity Awards. Executive will be eligible to receive additional awards of stock options, restricted stock units, or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or the Committee will determine in its discretion whether Executive will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.
Additional Equity Awards. The Executive may be eligible to receive additional incentive equity awards under the Company’s executive incentive plans or programs (each such plan or program, an “LTI Plan”). Any actual awards under any LTI Plan (“LTI Awards”) are discretionary and will be subject to the Board’s assessment of the Executive’s performance, as well as business conditions at the Company. Any LTI Awards will be subject to approval by and adjustment at the discretion of the Compensation Committee and the terms of any applicable LTI Plan. The Executive will be eligible to participate in the Company’s equity incentive program as may be in effect from time to time in accordance with the terms determined by the Compensation Committee.
Additional Equity Awards. During the Employment Term, Employee may be eligible to receive additional grants of Equity Awards, as determined by the Board or the Compensation Committee, in its sole and absolute discretion.
Additional Equity Awards. In addition to participating in any Company incentive stock option program, Executive shall be entitled to equity awards (the “Equity Awards”) in the event that the Company successfully receives Financing (as defined below) after the Effective Date in one or a series of transactions from Executive, parties that Executive introduced to the Company, and/or parties that were not stockholders of the Company prior to the date of the Agreement (“New Funding”). In the event such New Funding in the aggregate equals or exceeds $10.0 million, the Equity Awards will equal two percent (2.0%) of the number of Common Stock Equivalents (as defined below) issued in connection with the New Funding (subject to adjustment as set forth below). Such awards shall be issued by the Company at the time of closing of the transaction that gives rise to the Company’s obligation hereunder and shall be in the form of grants of incentive stock options exercisable over a period of ten (10) years after grant at a price per share equal to the fair market value per share of Common Stock on the date of grant as determined by the Board.
Additional Equity Awards. Beginning in fiscal year 2001, Executive may be entitled to annual grants of stock options as determined in the sole discretion of the Committee; provided, however, that the Committee may consider the Initial Grant in determining whether Executive shall receive an annual grant of stock options with respect to fiscal year 2001. In the event Executive's employment continues beyond the Employment Term, Executive shall be entitled to an annual grant of 25,000 shares of restricted common stock (as adjusted to reflect the Spinoff, stock dividends, stock splits, recapitalizations, reorganizations and other similar events), subject to the same terms and conditions as the Initial Equity Award of Restricted Stock but fully vested, subject to Executive's continued employment, upon the first anniversary of the date of grant, or earlier upon his death, Disability, resignation for Good Reason, termination by the Company without Cause or expiration of his employment term as set forth in any written employment agreement with the Company. At the time of the Spinoff, the Board will review Executive's equity package to insure general compliance with the spirit of the original agreement.
Additional Equity Awards. Executive shall be eligible to receive additional equity awards at the sole discretion of the Board or the Compensation Committee.
Additional Equity Awards. As further consideration for the services rendered by the Executive during the Agreement Term, the Company shall grant to Executive stock options (the “Stock Option”) to purchase 150,000 shares of PRA Holdings, Inc. common stock under the terms of the PRA Holdings, Inc. Equity Incentive Plan (the “Plan”). Such Stock Option will be granted as of January 11, 2011 and shall have an exercise price equal to $10.00 per share. The Stock Option will vest in accordance with the following:
