{"component": "clause", "props": {"groups": [{"snippet": "Awards The Executive shall be granted or allocated restricted stock units (or such other securities/instruments that the Committee deems appropriate) (\u201cAwarded Securities\u201d) as part of the long-term incentive compensation approved annually by the Committee (the \u201cAnnual Equity Award\u201d). Each Annual Equity Award shall be granted pursuant to the terms and conditions of the Partnership\u2019s 2014 Stock Incentive Plan, as may be amended, restated or supplemented from time to time (the \u201cPlan\u201d), and the form(s) of Annual Equity Award thereunder shall be no less favorable to the Executive than the Annual Equity Award to other senior executives of the Company. The Annual Equity Award in respect of any fiscal year shall be granted no later than seven (7) calendar days following the completion of the audit of the Company\u2019s financial statements for the fiscal year preceding the year the Awarded Securities are granted or allocated (the \u201cGrant Year\u201d) (and in any event no later than the date any Annual Equity Award or other equity-based compensation is granted to other senior executives of the Company in respect of such fiscal year). The number of Awarded Securities that comprise an Annual Equity Award shall be no less than the number equal to the Annual Equity Award Cash Equivalent (defined below) divided by the average closing price of the Company\u2019s common stock on the primary exchange on which it trades (the \u201cClosing Price\u201d) for the final fifteen (15) trading days of the Grant Year. The \u201cAnnual Equity Award Cash Equivalent\u201d shall be an amount not less than two times the salary compensation received by the Executive from the Company in the Grant Year (\u201cSalary\u201d) with such amount constituting target achievement or no greater than three times Salary with such amount constituting maximum achievement. The actual number of Awarded Securities shall be determined based upon the Company\u2019s total shareholder return goals, certain corporate strategic goals, and other metrics or goals as established by the Committee in consultation with the Executive not later than the 90th day of the Grant Year. Awarded Securities issued in respect of any Grant Year shall be subject to a three-year post-issuance service-based vesting schedule, with one-third (1/3 or 33%) of such Awarded Securities vesting on each of the first three annual anniversaries of the first day of the fiscal year following the fiscal year in respect of which such Awarded Securities are actually issued provided the Executive remains employed with the Company or its affiliates on the applicable vesting date other than as provided in this Agreement. For example, any Awarded Securities comprising an Annual Equity Award for a Grant Year ending December 31st of Year V shall be issued no later seven (7) calendar days in Year W following the completion of the audit of the Company\u2019s financial statements for Year V (and in any event no later than the date any Annual Equity Award or other equity-based compensation is granted to other senior executives of the Company in respect to Year W), and shall vest in thirds on January 1 of each of Year X, Year Y, and Year Z, subject to continued service other than as provided in this Agreement. Distributions shall be paid on Awarded Securities issued from and after the date of issuance in accordance with the terms and conditions of the Plan and the applicable award agreement; provided, that, there shall be no reduction to such distributions compared to distributions paid in respect of common units of the Partnership generally other than as stated in this paragraph, an Annual Equity Award in respect of any fiscal year shall have terms and conditions substantially identical (and in any event no less favorable in any respect) to those applicable to an Annual Equity Award generally granted to the Company\u2019s other senior executives in respect of the same fiscal year, if any; provided, that, if there are no grants of an Annual Equity Award to other senior executives of the Company in respect of the fiscal year in respect of which the Executive is granted an Annual Equity Award, then the terms and conditions of the Annual Equity Award for such fiscal year shall be no less favorable to the Executive than the terms and conditions of the first Annual Equity Award granted to the Executive pursuant to this Section 2(a)(iv) in 2015.", "snippet_links": [{"key": "restricted-stock-units", "type": "definition", "offset": [51, 73]}, {"key": "other-securities", "type": "definition", "offset": [83, 99]}, {"key": "the-committee", "type": "clause", "offset": [117, 130]}, {"key": "incentive-compensation", "type": "clause", "offset": [198, 220]}, {"key": "annual-equity-award", "type": "definition", "offset": [262, 281]}, {"key": "the-partnership", "type": "clause", "offset": [367, 382]}, {"key": "stock-incentive-plan", "type": "clause", "offset": [390, 410]}, {"key": "from-time-to-time", "type": "clause", "offset": [456, 473]}, {"key": "less-favorable", "type": "definition", "offset": [550, 564]}, {"key": "to-the-executive", "type": "clause", "offset": [565, 581]}, {"key": "the-annual", "type": "clause", "offset": [587, 597]}, {"key": "senior-executives", "type": "clause", "offset": [620, 637]}, {"key": "in-respect-of", "type": "clause", "offset": [678, 691]}, {"key": "fiscal-year", "type": "definition", "offset": [696, 707]}, {"key": "calendar-days", "type": "definition", "offset": [749, 762]}, {"key": "following-the", "type": "definition", "offset": [763, 776]}, {"key": "audit-of-the-company", "type": "clause", "offset": [795, 815]}, {"key": "financial-statements", "type": "clause", "offset": [818, 838]}, {"key": "the-year", "type": "definition", "offset": [869, 877]}, {"key": "grant-year", "type": "definition", "offset": [932, 942]}, {"key": "other-equity", "type": "clause", "offset": [1013, 1025]}, {"key": "based-compensation", "type": "clause", "offset": [1026, 1044]}, {"key": "granted-to", "type": "definition", "offset": [1048, 1058]}, {"key": "company-in", "type": "clause", "offset": [1090, 1100]}, {"key": "number-of", "type": "clause", "offset": [1135, 1144]}, {"key": "an-annual", "type": "clause", "offset": [1178, 1187]}, {"key": "equal-to", "type": "definition", "offset": [1234, 1242]}, {"key": "cash-equivalent", "type": "clause", "offset": [1267, 1282]}, {"key": "divided-by", "type": "clause", "offset": [1299, 1309]}, {"key": "price-of-the", "type": "clause", "offset": [1330, 1342]}, {"key": "stock-on", "type": "definition", "offset": [1360, 1368]}, {"key": "primary-exchange", "type": "definition", "offset": [1373, 1389]}, {"key": "the-final", "type": "clause", "offset": [1435, 1444]}, {"key": "trading-days", "type": "definition", "offset": [1458, 1470]}, {"key": "the-grant", "type": "definition", "offset": [1474, 1483]}, {"key": "two-times", "type": "clause", "offset": [1565, 1574]}, {"key": "by-the-executive", "type": "clause", "offset": [1608, 1624]}, {"key": "from-the-company", "type": "clause", "offset": [1625, 1641]}, {"key": "target-achievement", "type": "definition", "offset": [1701, 1719]}, {"key": "maximum-achievement", "type": "definition", "offset": [1788, 1807]}, {"key": "actual-number", "type": "definition", "offset": [1813, 1826]}, {"key": "upon-the-company", "type": "definition", "offset": [1875, 1891]}, {"key": "total-shareholder-return-goals", "type": "definition", "offset": [1894, 1924]}, {"key": "strategic-goals", "type": "clause", "offset": [1944, 1959]}, {"key": "in-consultation-with", "type": "definition", "offset": [2020, 2040]}, {"key": "day-of", "type": "clause", "offset": [2079, 2085]}, {"key": "issued-in", "type": "definition", "offset": [2121, 2130]}, {"key": "subject-to", "type": "definition", "offset": [2166, 2176]}, {"key": "vesting-schedule", "type": "definition", "offset": [2218, 2234]}, {"key": "first-day", "type": "definition", "offset": [2354, 2363]}, {"key": "remains-employed", "type": "clause", "offset": [2496, 2512]}, {"key": "applicable-vesting-date", "type": "definition", "offset": [2555, 2578]}, {"key": "in-this-agreement", "type": "clause", "offset": [2602, 2619]}, {"key": "for-example", "type": "definition", "offset": [2621, 2632]}, {"key": "days-in", "type": "definition", "offset": [2783, 2790]}, {"key": "in-respect-to", "type": "clause", "offset": [3038, 3051]}, {"key": "continued-service", "type": "clause", "offset": [3149, 3166]}, {"key": "date-of-issuance", "type": "definition", "offset": [3285, 3301]}, {"key": "in-accordance-with", "type": "definition", "offset": [3302, 3320]}, {"key": "the-plan", "type": "clause", "offset": [3349, 3357]}, {"key": "award-agreement", "type": "definition", "offset": [3377, 3392]}, {"key": "no-reduction", "type": "clause", "offset": [3425, 3437]}, {"key": "common-units", "type": "definition", "offset": [3505, 3517]}, {"key": "partnership-generally", "type": "definition", "offset": [3525, 3546]}, {"key": "applicable-to", "type": "clause", "offset": [3757, 3770]}, {"key": "to-the-company", "type": "clause", "offset": [3812, 3826]}, {"key": "no-grants", "type": "clause", "offset": [3926, 3935]}, {"key": "award-granted", "type": "clause", "offset": [4282, 4295]}], "size": 3, "samples": [{"hash": "9re23fMmyYn", "uri": "/contracts/9re23fMmyYn#annual-equity", "label": "Employment Agreement (Washington Prime Group, L.P.)", "score": 25.3436002738, "published": true}], "hash": "808618cfc17a6244db9b785f04ea5b18", "id": 1}, {"snippet": "For each fiscal year of the Company that you are employed during the Term (other than fiscal year 2012), you will be eligible for an annual equity grant based on achievement of objectives established by the Committee, and on such other terms established by the Committee. In accordance with the policies and practices of the Company, some or all of such annual equity grant may be in the form of restricted stock units, performance share units, or other equity that is an economic equivalent to an option award. Such equivalency will be determined by the Company in its sole discretion. Initial Equity: The Company shall grant to you, on January 27, 2012, or, if later, your start date (the \u201cDate of Grant\u201d), a non-statutory stock option to purchase 150,000 shares of the common stock of the Company (the \u201cOption\u201d). The Option will have an exercise price equal to the closing sale price of a share of common stock on the Date of Grant, will be subject to four-year ratable vesting (except for such earlier vesting as otherwise provided in the Management Agreement or in the applicable grant agreement) and will have a term of seven years. The Company also shall grant to you, on the Date of Grant, 50,000 Restricted Stock Units (\u201cRSUs\u201d). The RSUs also will be subject to four-year ratable vesting (except for such earlier vesting as otherwise provided in the Management Agreement or in the applicable grant agreement). The Option and RSUs will be granted under and subject to the terms of the Company\u2019s 1992 Long-Term Incentive Plan (except for Article 13) and in the form of the equity award agreements attached hereto. Any vested RSUs will be settled in the form of shares of common stock delivered to you within fifteen (15) days of vesting. In addition, the Company confirms that the termination of the 1992 Long-Term Incentive Plan will not affect the Option and RSU grants made thereunder. In addition, the Company shall grant to you, on the Date of Grant, a Performance Share Unit (\u201cPSU\u201d) award with a target value of 50,000 shares of common stock of the Company and a maximum value of 100,000 shares (subject to appropriate adjustment for corporate events). Depending on the Company\u2019s satisfaction of certain performance metrics during the Company\u2019s 2012 fiscal year, as identified in your PSU award agreement, the actual number of units that will be deemed earned may range from zero up to 100,000 (subject to appropriate adjustment for corporate events). The amount of earned shares will be based on the formula in the award agreement and will not be subject to reduction under Section 12(b) of the 2012 Long-Term Incentive Plan. Upon completion of fiscal year 2012 (except for such earlier vesting as otherwise provided in the Management Agreement or in the applicable award agreement), one-quarter of the units that have been earned through satisfaction of the performance metrics will be vested, and the remaining three-quarters of the earned units will vest ratably over the following three years. Each vested unit will be settled in one share of common stock. The PSUs will be granted under and subject to the terms of the Company\u2019s 2012 Long-Term Incentive Plan, which has been adopted by the Board but not yet approved by the Company\u2019s stockholders. If the Company\u2019s stockholders do not approve the 2012 Long-Term Incentive Plan at the 2012 Annual Meeting to be held on February 7, 2012, the PSU award will be rescinded.", "snippet_links": [{"key": "fiscal-year-of-the-company", "type": "clause", "offset": [9, 35]}, {"key": "during-the-term", "type": "clause", "offset": [58, 73]}, {"key": "fiscal-year-2012", "type": "definition", "offset": [86, 102]}, {"key": "annual-equity-grant", "type": "definition", "offset": [133, 152]}, {"key": "based-on", "type": "clause", "offset": [153, 161]}, {"key": "achievement-of-objectives", "type": "clause", "offset": [162, 187]}, {"key": "the-committee", "type": "clause", "offset": [203, 216]}, {"key": "other-terms", "type": "clause", "offset": [230, 241]}, {"key": "in-accordance-with", "type": "definition", "offset": [272, 290]}, {"key": "policies-and-practices", "type": "clause", "offset": [295, 317]}, {"key": "restricted-stock-units", "type": "definition", "offset": [396, 418]}, {"key": "performance-share-units", "type": "clause", "offset": [420, 443]}, {"key": "other-equity", "type": "clause", "offset": [448, 460]}, {"key": "economic-equivalent", "type": "definition", "offset": [472, 491]}, {"key": "option-award", "type": "definition", "offset": [498, 510]}, {"key": "company-in", "type": "clause", "offset": [555, 565]}, {"key": "sole-discretion", "type": "clause", "offset": [570, 585]}, {"key": "initial-equity", "type": "definition", "offset": [587, 601]}, {"key": "the-company-shall", "type": "clause", "offset": [603, 620]}, {"key": "start-date", "type": "definition", "offset": [675, 685]}, {"key": "date-of-grant", "type": "clause", "offset": [692, 705]}, {"key": "a-non", "type": "clause", "offset": [709, 714]}, {"key": "option-to-purchase", "type": "definition", "offset": [731, 749]}, {"key": "common-stock-of-the-company", "type": "definition", "offset": [772, 799]}, {"key": "the-option", "type": "clause", "offset": [816, 826]}, {"key": "exercise-price", "type": "definition", "offset": [840, 854]}, {"key": "equal-to", "type": "definition", "offset": [855, 863]}, {"key": "closing-sale-price", "type": "clause", "offset": [868, 886]}, {"key": "a-share", "type": "definition", "offset": [890, 897]}, {"key": "stock-on", "type": "definition", "offset": [908, 916]}, {"key": "earlier-vesting", "type": "clause", "offset": [998, 1013]}, {"key": "agreement-or", "type": "definition", "offset": [1054, 1066]}, {"key": "the-applicable", "type": "clause", "offset": [1070, 1084]}, {"key": "grant-agreement", "type": "definition", "offset": [1085, 1100]}, {"key": "term-of", "type": "clause", "offset": [1118, 1125]}, {"key": "the-company-also", "type": "definition", "offset": [1139, 1155]}, {"key": "terms-of-the", "type": "clause", "offset": [1480, 1492]}, {"key": "incentive-plan", "type": "clause", "offset": [1518, 1532]}, {"key": "article-13", "type": "clause", "offset": [1545, 1555]}, {"key": "equity-award-agreements", "type": "clause", "offset": [1580, 1603]}, {"key": "vested-rsus", "type": "clause", "offset": [1625, 1636]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [1668, 1690]}, {"key": "in-addition", "type": "clause", "offset": [1745, 1756]}, {"key": "termination-of-the", "type": "clause", "offset": [1788, 1806]}, {"key": "rsu-grants", "type": "clause", "offset": [1868, 1878]}, {"key": "target-value", "type": "clause", "offset": [2009, 2021]}, {"key": "maximum-value", "type": "definition", "offset": [2076, 2089]}, {"key": "to-appropriate", "type": "clause", "offset": [2117, 2131]}, {"key": "adjustment-for", "type": "clause", "offset": [2132, 2146]}, {"key": "corporate-events", "type": "clause", "offset": [2147, 2163]}, {"key": "depending-on-the", "type": "clause", "offset": [2166, 2182]}, {"key": "satisfaction-of", "type": "clause", "offset": [2193, 2208]}, {"key": "performance-metrics", "type": "clause", "offset": [2217, 2236]}, {"key": "psu-award-agreement", "type": "definition", "offset": [2298, 2317]}, {"key": "number-of-units", "type": "definition", "offset": [2330, 2345]}, {"key": "earned-shares", "type": "definition", "offset": [2479, 2492]}, {"key": "the-award", "type": "clause", "offset": [2525, 2534]}, {"key": "completion-of", "type": "clause", "offset": [2645, 2658]}, {"key": "applicable-award", "type": "definition", "offset": [2769, 2785]}, {"key": "the-units", "type": "clause", "offset": [2813, 2822]}, {"key": "the-performance", "type": "clause", "offset": [2869, 2884]}, {"key": "earned-units", "type": "definition", "offset": [2949, 2961]}, {"key": "vested-unit", "type": "definition", "offset": [3017, 3028]}, {"key": "one-share", "type": "definition", "offset": [3048, 3057]}, {"key": "the-psus", "type": "clause", "offset": [3075, 3083]}, {"key": "by-the-board", "type": "clause", "offset": [3202, 3214]}, {"key": "approved-by", "type": "definition", "offset": [3227, 3238]}, {"key": "annual-meeting", "type": "definition", "offset": [3358, 3372]}, {"key": "on-february", "type": "clause", "offset": [3384, 3395]}], "size": 2, "samples": [{"hash": "dBQWwkODfYe", "uri": "/contracts/dBQWwkODfYe#annual-equity", "label": "Employment Agreement (Fair Isaac Corp)", "score": 21.0670773443, "published": true}], "hash": "2c9c7aa72875d0478565be2ffe549c74", "id": 2}, {"snippet": "Rights Prior to January 15, 2006 Executive shall receive a grant of stock appreciation rights or by mutual agreement of the Company and the Executive, stock options for 100,000 shares of Company common stock at an exercise price per share equal to Fair Market Value (as defined in the Plan) on the date of grant (the \u201cAnnual Award\u201d). Subject to Executive\u2019s continued employment with the Company, such Annual Award will vest in equal installments on each of the first three anniversaries of the date of grant, and will become fully vested upon the occurrence of a Change in Control of the Company as defined in the Plan and the award certificate. Other terms and conditions of the Annual Award shall be as set forth herein, in the Plan and the award certificate. If the Company should, prior to any Annual Award grant, be involved in any merger, reorganization, stock split or spinoff or other similar event, the number of shares subject to the Annual Award yet to be granted, as provided above, shall be adjusted on a pro rata basis.", "snippet_links": [{"key": "prior-to", "type": "definition", "offset": [7, 15]}, {"key": "grant-of-stock-appreciation-rights", "type": "clause", "offset": [59, 93]}, {"key": "the-executive", "type": "clause", "offset": [136, 149]}, {"key": "stock-options", "type": "definition", "offset": [151, 164]}, {"key": "company-common-stock", "type": "definition", "offset": [187, 207]}, {"key": "exercise-price-per-share", "type": "definition", "offset": [214, 238]}, {"key": "equal-to", "type": "definition", "offset": [239, 247]}, {"key": "fair-market-value", "type": "clause", "offset": [248, 265]}, {"key": "the-plan", "type": "clause", "offset": [281, 289]}, {"key": "date-of-grant", "type": "clause", "offset": [298, 311]}, {"key": "annual-award", "type": "clause", "offset": [318, 330]}, {"key": "to-executive", "type": "clause", "offset": [342, 354]}, {"key": "employment-with-the-company", "type": "definition", "offset": [367, 394]}, {"key": "equal-installments", "type": "clause", "offset": [427, 445]}, {"key": "fully-vested", "type": "definition", "offset": [525, 537]}, {"key": "change-in-control-of-the-company", "type": "clause", "offset": [563, 595]}, {"key": "award-certificate", "type": "clause", "offset": [627, 644]}, {"key": "the-annual", "type": "clause", "offset": [676, 686]}, {"key": "award-grant", "type": "clause", "offset": [805, 816]}, {"key": "stock-split", "type": "definition", "offset": [861, 872]}, {"key": "similar-event", "type": "clause", "offset": [893, 906]}, {"key": "subject-to-the", "type": "definition", "offset": [929, 943]}, {"key": "pro-rata-basis", "type": "definition", "offset": [1018, 1032]}], "size": 1, "samples": [{"hash": "h9rzbqngNFK", "uri": "/contracts/h9rzbqngNFK#annual-equity", "label": "Employment Agreement (Premcor Refining Group Inc)", "score": 21.0, "published": true}], "hash": "fdf7627a04e780c226e9604b0f8b297e", "id": 3}, {"snippet": "Employee shall be eligible to participate in the annual equity incentive program of Parent and receive grants of equity or equity-based awards which may be options (each, an \u201cEquity Award\u201d), with vesting over four years, subject to the terms and conditions of Parent\u2019s Omnibus Equity Incentive Plan (the \u201cEIP\u201d) and Parent\u2019s standard form of award agreement. Employee\u2019s Equity Award for the 2022 calendar year shall be a number of options to purchase Parent\u2019s common stock with an equivalent value of $378,000 on the date of grant. During the Term for 2023 and annually thereafter, Employee\u2019s Equity Award shall have a target value of (150% of Base Compensation) $630,000 as of the date of grant and it is intended that such award be made in options.", "snippet_links": [{"key": "participate-in", "type": "definition", "offset": [30, 44]}, {"key": "equity-incentive-program", "type": "clause", "offset": [56, 80]}, {"key": "equity-award", "type": "definition", "offset": [175, 187]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [236, 259]}, {"key": "omnibus-equity-incentive-plan", "type": "definition", "offset": [269, 298]}, {"key": "award-agreement", "type": "definition", "offset": [341, 356]}, {"key": "calendar-year", "type": "clause", "offset": [395, 408]}, {"key": "options-to-purchase", "type": "clause", "offset": [430, 449]}, {"key": "common-stock", "type": "clause", "offset": [459, 471]}, {"key": "equivalent-value", "type": "definition", "offset": [480, 496]}, {"key": "date-of-grant", "type": "clause", "offset": [516, 529]}, {"key": "during-the-term", "type": "clause", "offset": [531, 546]}, {"key": "target-value", "type": "clause", "offset": [618, 630]}, {"key": "base-compensation", "type": "definition", "offset": [643, 660]}, {"key": "in-options", "type": "clause", "offset": [738, 748]}], "size": 1, "samples": [{"hash": "aSIZRSIsGyi", "uri": "/contracts/aSIZRSIsGyi#annual-equity", "label": "Employment Agreement (Latham Group, Inc.)", "score": 31.6078028747, "published": true}], "hash": "907cd47419551c149ae5372e79588f91", "id": 4}, {"snippet": "Executive shall continue to receive an annual equity grant based on terms and conditions that are comparable to those applicable to grants made to other senior executives of the Company, including achievement of personal or Company objectives established by the Board, and on such other terms applicable to other executives as are established by the Board in its reasonable discretion. For each year during the Term, the value of Executive\u2019s annual equity grant is expected to be $800,000.00 (as measured on the date of grant and based on the Board\u2019s assessment of the Company\u2019s performance against Executive\u2019s and the Company\u2019s performance objectives). In accordance with the policies and practices of the Company, some or all of any annual equity grant may be in the form of restricted stock, stock options, stock units or other equity that is an economic equivalent to an option or a restricted stock award. Such equivalency will be determined by the Board in its reasonable discretion.", "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [25, 35]}, {"key": "annual-equity-grant", "type": "definition", "offset": [39, 58]}, {"key": "based-on", "type": "clause", "offset": [59, 67]}, {"key": "terms-and-conditions", "type": "definition", "offset": [68, 88]}, {"key": "applicable-to", "type": "clause", "offset": [118, 131]}, {"key": "senior-executives", "type": "clause", "offset": [153, 170]}, {"key": "of-the-company", "type": "clause", "offset": [171, 185]}, {"key": "company-objectives", "type": "clause", "offset": [224, 242]}, {"key": "by-the-board", "type": "clause", "offset": [255, 267]}, {"key": "terms-applicable", "type": "clause", "offset": [287, 303]}, {"key": "other-executives", "type": "clause", "offset": [307, 323]}, {"key": "reasonable-discretion", "type": "definition", "offset": [363, 384]}, {"key": "each-year", "type": "definition", "offset": [390, 399]}, {"key": "during-the-term", "type": "clause", "offset": [400, 415]}, {"key": "the-value", "type": "clause", "offset": [417, 426]}, {"key": "date-of-grant", "type": "clause", "offset": [512, 525]}, {"key": "on-the-board", "type": "definition", "offset": [536, 548]}, {"key": "assessment-of-the", "type": "clause", "offset": [551, 568]}, {"key": "and-the-company", "type": "clause", "offset": [611, 626]}, {"key": "performance-objectives", "type": "definition", "offset": [629, 651]}, {"key": "in-accordance-with", "type": "definition", "offset": [654, 672]}, {"key": "policies-and-practices", "type": "clause", "offset": [677, 699]}, {"key": "form-of-restricted-stock", "type": "clause", "offset": [769, 793]}, {"key": "stock-options", "type": "definition", "offset": [795, 808]}, {"key": "stock-units", "type": "clause", "offset": [810, 821]}, {"key": "other-equity", "type": "clause", "offset": [825, 837]}, {"key": "economic-equivalent", "type": "definition", "offset": [849, 868]}, {"key": "restricted-stock-award", "type": "clause", "offset": [887, 909]}], "size": 1, "samples": [{"hash": "8XfXxusAjBr", "uri": "/contracts/8XfXxusAjBr#annual-equity", "label": "Executive Employment Agreement (Proto Labs Inc)", "score": 28.582477755, "published": true}], "hash": "11e3d300b80a583dac764b7b13ea66d9", "id": 5}, {"snippet": "The Executive will be eligible to participate in the annual equity plan (the \u201cAnnual Equity\u201d) and be eligible to receive an Annual Equity with a target value of Seventy-Five percent (75%) of his Annual Base Salary upon one hundred percent (100%) achievement of annual objectives, beginning with the Company\u2019s 2018 fiscal year. For subsequent years, the Annual Equity target as a percentage of then-current Annual Base Salary, may be adjusted, but may not be less than Seventy-Five percent (75%) of the Executive\u2019s then-current Annual Base Salary. The equity, if any, will be determined by the Board based upon the Company\u2019s achievement of financial performance goals and other objectives, as determined by the Compensation Committee for each fiscal year of the Company. Executive shall be eligible to receive annual equity awards in accordance with equity compensation arrangements established by the Compensation Committee. The grants shall have such terms as are determined by the Compensation Committee in accordance with the current stock plan in place at time of grant.", "snippet_links": [{"key": "participate-in", "type": "definition", "offset": [34, 48]}, {"key": "the-annual", "type": "clause", "offset": [49, 59]}, {"key": "equity-plan", "type": "definition", "offset": [60, 71]}, {"key": "to-receive", "type": "definition", "offset": [110, 120]}, {"key": "an-annual", "type": "clause", "offset": [121, 130]}, {"key": "target-value", "type": "clause", "offset": [145, 157]}, {"key": "five-percent", "type": "clause", "offset": [169, 181]}, {"key": "annual-base-salary", "type": "definition", "offset": [195, 213]}, {"key": "annual-objectives", "type": "clause", "offset": [261, 278]}, {"key": "beginning-with-the", "type": "clause", "offset": [280, 298]}, {"key": "subsequent-years", "type": "definition", "offset": [331, 347]}, {"key": "a-percentage", "type": "definition", "offset": [377, 389]}, {"key": "of-the-executive", "type": "clause", "offset": [495, 511]}, {"key": "by-the-board", "type": "clause", "offset": [586, 598]}, {"key": "upon-the-company", "type": "definition", "offset": [605, 621]}, {"key": "financial-performance-goals", "type": "definition", "offset": [639, 666]}, {"key": "other-objectives", "type": "clause", "offset": [671, 687]}, {"key": "the-compensation-committee", "type": "clause", "offset": [706, 732]}, {"key": "fiscal-year-of-the-company", "type": "clause", "offset": [742, 768]}, {"key": "annual-equity-awards", "type": "clause", "offset": [809, 829]}, {"key": "in-accordance-with", "type": "definition", "offset": [830, 848]}, {"key": "equity-compensation-arrangements", "type": "clause", "offset": [849, 881]}, {"key": "the-grants", "type": "clause", "offset": [925, 935]}, {"key": "stock-plan", "type": "definition", "offset": [1037, 1047]}, {"key": "in-place", "type": "definition", "offset": [1048, 1056]}, {"key": "time-of-grant", "type": "definition", "offset": [1060, 1073]}], "size": 1, "samples": [{"hash": "eapBjDMhbLr", "uri": "/contracts/eapBjDMhbLr#annual-equity", "label": "Executive Employment Agreement (Rosetta Stone Inc)", "score": 29.1779603012, "published": true}], "hash": "b6a0a773f99a9ee0d8302320b57b0658", "id": 6}, {"snippet": "The Executive will be eligible to participate in the annual equity plan (the \u201cAnnual Equity\u201d) and be eligible to receive an Annual Equity with a target value of Seventy-Five percent (75%) of his Annual Base Salary upon one hundred percent (100%) achievement of annual objectives. The Annual Equity target as a percentage of then-current Annual Base Salary, may be adjusted, but may not be less than Seventy-Five percent (75%) of the Executive\u2019s then-current Annual Base Salary. The equity, if any, will be determined by the Board based upon the Company\u2019s achievement of financial performance goals and other objectives, as determined by the Compensation Committee for each fiscal year of the Company. Executive shall be eligible to receive annual equity awards in accordance with equity compensation arrangements established by the Compensation Committee. The grants shall have such terms as are determined by the Compensation Committee in accordance with the current stock plan in place at time of grant.", "snippet_links": [{"key": "participate-in", "type": "definition", "offset": [34, 48]}, {"key": "the-annual", "type": "clause", "offset": [49, 59]}, {"key": "equity-plan", "type": "definition", "offset": [60, 71]}, {"key": "to-receive", "type": "definition", "offset": [110, 120]}, {"key": "an-annual", "type": "clause", "offset": [121, 130]}, {"key": "target-value", "type": "clause", "offset": [145, 157]}, {"key": "five-percent", "type": "clause", "offset": [169, 181]}, {"key": "annual-base-salary", "type": "definition", "offset": [195, 213]}, {"key": "annual-objectives", "type": "clause", "offset": [261, 278]}, {"key": "a-percentage", "type": "definition", "offset": [308, 320]}, {"key": "of-the-executive", "type": "clause", "offset": [426, 442]}, {"key": "by-the-board", "type": "clause", "offset": [517, 529]}, {"key": "upon-the-company", "type": "definition", "offset": [536, 552]}, {"key": "financial-performance-goals", "type": "definition", "offset": [570, 597]}, {"key": "other-objectives", "type": "clause", "offset": [602, 618]}, {"key": "the-compensation-committee", "type": "clause", "offset": [637, 663]}, {"key": "fiscal-year-of-the-company", "type": "clause", "offset": [673, 699]}, {"key": "annual-equity-awards", "type": "clause", "offset": [740, 760]}, {"key": "in-accordance-with", "type": "definition", "offset": [761, 779]}, {"key": "equity-compensation-arrangements", "type": "clause", "offset": [780, 812]}, {"key": "the-grants", "type": "clause", "offset": [856, 866]}, {"key": "stock-plan", "type": "definition", "offset": [968, 978]}, {"key": "in-place", "type": "definition", "offset": [979, 987]}, {"key": "time-of-grant", "type": "definition", "offset": [991, 1004]}], "size": 1, "samples": [{"hash": "fq3R2wvb4rn", "uri": "/contracts/fq3R2wvb4rn#annual-equity", "label": "Executive Employment Agreement (Rosetta Stone Inc)", "score": 29.1779603012, "published": true}], "hash": "93dc72b40ca3250bec0e2cec670acb5a", "id": 7}, {"snippet": "Beginning in 2026, Executive shall receive an annual equity grant based on terms and conditions that are comparable to those applicable to grants made to other senior executives of the Company, including achievement of personal or Company objectives established by the Board or the Compensation Committee, and on such other terms applicable to other executives as are established by the Board or the Compensation Committee in its reasonable discretion (\u201cAnnual Equity\u201d).", "snippet_links": [{"key": "annual-equity-grant", "type": "definition", "offset": [46, 65]}, {"key": "based-on", "type": "clause", "offset": [66, 74]}, {"key": "terms-and-conditions", "type": "definition", "offset": [75, 95]}, {"key": "applicable-to", "type": "clause", "offset": [125, 138]}, {"key": "senior-executives", "type": "clause", "offset": [160, 177]}, {"key": "of-the-company", "type": "clause", "offset": [178, 192]}, {"key": "company-objectives", "type": "clause", "offset": [231, 249]}, {"key": "by-the-board", "type": "clause", "offset": [262, 274]}, {"key": "the-compensation-committee", "type": "clause", "offset": [278, 304]}, {"key": "terms-applicable", "type": "clause", "offset": [324, 340]}, {"key": "other-executives", "type": "clause", "offset": [344, 360]}, {"key": "reasonable-discretion", "type": "definition", "offset": [430, 451]}], "size": 1, "samples": [{"hash": "flbuSZCdpKd", "uri": "/contracts/flbuSZCdpKd#annual-equity", "label": "Executive Employment Agreement (Proto Labs Inc)", "score": 34.3839835729, "published": true}], "hash": "3c701afaa655f447b6091579f3b13d7b", "id": 8}, {"snippet": "Beginning in February 2015 and continuing thereafter on an annual basis during the Term, Executive shall receive an annual equity grant based on terms and conditions that are comparable to those applicable to grants made to other senior executives of the Company, including achievement of personal or Company objectives established by the Board, and on such other terms applicable to other executives as are established by the Board in its reasonable discretion. For each year during the Term, the value of Executive\u2019s annual equity grant is expected to be $800,000.00 (as measured on the date of grant and based on the Board\u2019s assessment of the Company\u2019s performance against Executive\u2019s and the Company\u2019s performance objectives). In accordance with the policies and practices of the Company, some or all of any annual equity grant may be in the form of restricted stock, stock options, stock units or other equity that is an economic equivalent to an option or a restricted stock award. Such equivalency will be determined by the Board in its reasonable discretion.", "snippet_links": [{"key": "annual-basis", "type": "clause", "offset": [59, 71]}, {"key": "during-the-term", "type": "clause", "offset": [72, 87]}, {"key": "annual-equity-grant", "type": "definition", "offset": [116, 135]}, {"key": "based-on", "type": "clause", "offset": [136, 144]}, {"key": "terms-and-conditions", "type": "definition", "offset": [145, 165]}, {"key": "applicable-to", "type": "clause", "offset": [195, 208]}, {"key": "senior-executives", "type": "clause", "offset": [230, 247]}, {"key": "of-the-company", "type": "clause", "offset": [248, 262]}, {"key": "company-objectives", "type": "clause", "offset": [301, 319]}, {"key": "by-the-board", "type": "clause", "offset": [332, 344]}, {"key": "terms-applicable", "type": "clause", "offset": [364, 380]}, {"key": "other-executives", "type": "clause", "offset": [384, 400]}, {"key": "reasonable-discretion", "type": "definition", "offset": [440, 461]}, {"key": "each-year", "type": "definition", "offset": [467, 476]}, {"key": "the-value", "type": "clause", "offset": [494, 503]}, {"key": "date-of-grant", "type": "clause", "offset": [589, 602]}, {"key": "on-the-board", "type": "definition", "offset": [613, 625]}, {"key": "assessment-of-the", "type": "clause", "offset": [628, 645]}, {"key": "and-the-company", "type": "clause", "offset": [688, 703]}, {"key": "performance-objectives", "type": "definition", "offset": [706, 728]}, {"key": "in-accordance-with", "type": "definition", "offset": [731, 749]}, {"key": "policies-and-practices", "type": "clause", "offset": [754, 776]}, {"key": "form-of-restricted-stock", "type": "clause", "offset": [846, 870]}, {"key": "stock-options", "type": "definition", "offset": [872, 885]}, {"key": "stock-units", "type": "clause", "offset": [887, 898]}, {"key": "other-equity", "type": "clause", "offset": [902, 914]}, {"key": "economic-equivalent", "type": "definition", "offset": [926, 945]}, {"key": "restricted-stock-award", "type": "clause", "offset": [964, 986]}], "size": 1, "samples": [{"hash": "ko8LwAYvjSQ", "uri": "/contracts/ko8LwAYvjSQ#annual-equity", "label": "Executive Employment Agreement (Proto Labs Inc)", "score": 23.0985626283, "published": true}], "hash": "c1b537f100b5ffeb2cd9bca4c5244819", "id": 9}, {"snippet": "Executive will be eligible for consideration for future annual stock-based awards in accordance with UnitedHealth Group\u2019s governance policy and guideline amounts authorized by UnitedHealth Group\u2019s Compensation and Human Resources Committee. For calendar year 2022, management will recommend that Executive be awarded an annual equity grant with a target value of $4,500,000. The actual grant value of any such future equity grants and the related terms are at the sole discretion of UnitedHealth Group and will be subject to the terms of the UnitedHealth Group 2020 Stock Incentive Plan (or a successor plan), including certain restrictive covenants.", "snippet_links": [{"key": "in-accordance-with", "type": "definition", "offset": [82, 100]}, {"key": "governance-policy", "type": "definition", "offset": [122, 139]}, {"key": "authorized-by", "type": "definition", "offset": [162, 175]}, {"key": "compensation-and-human-resources-committee", "type": "definition", "offset": [197, 239]}, {"key": "calendar-year", "type": "clause", "offset": [245, 258]}, {"key": "annual-equity-grant", "type": "definition", "offset": [320, 339]}, {"key": "target-value", "type": "clause", "offset": [347, 359]}, {"key": "grant-value", "type": "definition", "offset": [386, 397]}, {"key": "future-equity-grants", "type": "clause", "offset": [410, 430]}, {"key": "related-terms", "type": "clause", "offset": [439, 452]}, {"key": "sole-discretion", "type": "clause", "offset": [464, 479]}, {"key": "terms-of-the", "type": "clause", "offset": [529, 541]}, {"key": "stock-incentive-plan", "type": "clause", "offset": [566, 586]}, {"key": "successor-plan", "type": "clause", "offset": [593, 607]}, {"key": "certain-restrictive-covenants", "type": "clause", "offset": [620, 649]}], "size": 1, "samples": [{"hash": "5KJF9RvDOUM", "uri": "/contracts/5KJF9RvDOUM#annual-equity", "label": "Employment Agreement (Unitedhealth Group Inc)", "score": 32.1471594798, "published": true}], "hash": "d8e73ff3eded41482d267431e1c654e9", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZhbm51YWwtZXF1aXR5IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["compensation-benefits-and-expenses", "Compensation, Benefits and Expenses"], ["compensation", "Compensation"], ["salary-bonus-and-benefits", "Salary, Bonus and Benefits"], ["equity-arrangements", "Equity Arrangements"], ["remuneration", "REMUNERATION"]], "title": "Annual Equity", "children": [], "size": 17, "id": "annual-equity", "related": [["annual-equity-awards", "Annual Equity Awards", "<strong>Annual Equity</strong> Awards"], ["equity-compensation", "Equity Compensation", "Equity Compensation"], ["annual-cash-bonus", "Annual Cash Bonus", "Annual Cash Bonus"], ["contribution-formula-basic-life-coverage", "Contribution Formula - Basic Life Coverage", "Contribution Formula - Basic Life Coverage"], ["equity-incentive-compensation", "Equity Incentive Compensation", "Equity Incentive Compensation"]], "related_snippets": [], "updated": "2025-07-07T12:36:13+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Annual Equity clause defines the terms under which an individual, typically an employee or contractor, is granted equity in a company on a yearly basis. This clause outlines the amount or percentage of equity to be awarded each year, the vesting schedule, and any performance or service requirements that must be met to receive the equity. By specifying these details, the clause ensures both parties understand the timing and conditions of equity grants, providing motivation for continued service and aligning interests between the individual and the company."}, "json": true, "cursor": ""}}