Common use of Amount of Annual Equity Award Clause in Contracts

Amount of Annual Equity Award. Employee may be eligible to receive long term equity incentive compensation award as determined by the Compensation Committee in its sole discretion under the Greenlane Holdings, Inc. 2019 Equity Incentive Plan (or any successor plan thereto) (the “Plan”) for each fiscal year during the Employment Term (an “Annual Equity Award”). With input from the Company, the Annual Equity Award will be determined under the equity grant policies established by the Compensation Committee taking into consideration current market practice, affordability, performance, as well as other factors determined by the Compensation Committee to be relevant, and shall be subject to the underlying terms and conditions of the Plan. Notwithstanding the foregoing, any Award Agreement (as defined in Section 11(f) of the Plan) shall provide that in the event of a Change in Control (as defined in Section 11(h) of the Plan), one hundred percent (100%) of any Annual Equity Award and/or Inducement Equity Award granted to the Employee shall fully vest and, if applicable, become fully exercisable immediately before the Closing.

Amount of Annual Equity Award. Employee may be eligible to receive long term equity incentive compensation award awards (“Award”) as determined by the Compensation Committee in its sole discretion under the Greenlane Holdings, Inc. 2019 Equity Incentive Plan (or any successor plan thereto) (the “Plan”) for each fiscal year during the Employment Term (an “Annual Equity Award”). With input from the Company, the Annual Equity Award will be determined under the equity grant policies established by the Compensation Committee taking into consideration current market practice, affordability, performance, as well as other factors determined by the Compensation Committee to be relevant, and shall be subject to the underlying terms and conditions of the Plan. Notwithstanding the foregoing, any Award Agreement (as defined in Section 11(f) of the Plan) shall provide that in the event of a Change in Control (as defined in Section 11(h) of the Plan), one hundred percent (100%) of any Annual Equity Award and/or Inducement Equity Award granted to the Employee shall fully vest and, if applicable, become fully exercisable immediately before the Closing.DocuSign Envelope ID: 4D40D7E1-B316-46D4-A6D7-2394C4A48FEC