Awards Under the Plan Sample Clauses

Awards Under the Plan. 1 8 The Plan Committee has initially established a total of 100,000 Awards under the Plan ("Awards"). Awards under the Plan consist of the right to receive distributions from the Trust on the terms, and subject to the conditions, determined by the Plan Committee. The Awards (together with any Partnership Units related to Forfeited Awards (as defined below) which are recontributed to the Trust by the Company) may be granted from time to time by the Plan Committee, in its sole discretion. Each Award granted to an "eligible" (as determined by the Plan Committee in its sole discretion) Participant will entitle such Participant to an equal pro rata interest in any distributions made by the Trust (including, without limitation, distributions made in connection with a sale of the Company or similar liquidation event), subject to the terms and conditions as may be prescribed by the Plan Committee in connection with the granting of any Awards or the making of any distributions with respect thereto. The Plan Committee may issue additional Awards to Participants only to the extent that the Company has contributed (or recontributed) additional Partnership Units to the Trust, such that no issuance of Awards will dilute any outstanding Awards previously granted to any Participant.
Sample 1
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Awards Under the Plan. On the Effective Date, the Compensation Committee of the Board has approved stock options under the Plan entitling the Executive to purchase up to: (i) 250,000 shares of Company Common Stock with a time-based vesting schedule (the “Time-Based Option”); and (ii) 100,000 shares of Company Common Stock with a performance-based vesting schedule (the “Performance-Base Option”, together with the Time-Based Option, the “Options”). The Options will be granted at the Fair Market Value (as defined in the Plan) as of the Employment Start Date. The Time-Based Option shall vest over a four-year period with the following vesting schedule: 25% of the Option (62,500 shares of Company Common Stock) vesting on the anniversary of the Employment Start Date and an additional 25% of the Option (62,500 shares of Company Stock) shall vest on each of the following three anniversaries of the Employment Start Date provided that the Executive remains continuously employed with the Company through each such vesting date. 50,000 shares of Company Common Stock underlying the Performance-Based Option shall vest if the Company has initiated a Phase 3 clinical trial for Levosimendan by June 30, 2022 and an additional 50,000 shares of the Company Common Stock underlying the Performance-Based Option shall vest if the Company has initiated a Phase 3 clinical trial for Imatinib by June 30, 2022. A Phase 3 clinical trial shall be deemed initiated once the first patient has been enrolled in such clinical trial. The terms and conditions for the Options will be set forth in Stock Option Agreements between the Executive and the Company in the forms set forth on Exhibit A (for Time-Based Stock Option) and Exhibit B (for Performance-Based Stock Option) and shall be subject to and governed in all respects by the Plan and the respective Stock Option Agreement. The Options shall be granted as incentive stock options (“ISOs”), provided to the extent that any portion of an option does not qualify for ISO treatment on the Employment Start Date, such portion shall instead be granted as a non-qualified stock option. The Company agrees that it shall (i) promptly following the issuance of the Options, file a Registration Statement on Form S-8 with the Securities and Exchange Commission with respect to the Options and (ii) within 12 months following the issuance of the Options, seek approval from the Company’s stockholders of the issuance of those Options that qualify as ISOs in the manner required by the Inter...
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Awards Under the Plan. Awards under the Plan may be granted in the Committee’s discretion as Options, SARs or Stock Awards, as described below. Awards may be granted singly, in combination or in tandem as determined by the Committee, in its sole discretion.
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Awards Under the Plan. Awards to Eligible Participants under the Plan shall be in the form of New Options.
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Awards Under the Plan. 4 What are stock options?........................................................................................................................................ 4 What are SARs?................................................................................................................................................... 4 What are RSUs?................................................................................................................................................... 4 What is restricted stock?...................................................................................................................................... 4 What are performance awards?............................................................................................................................ 4 What are other stock-based awards?.................................................................................................................... 4 What are other cash-based awards?..................................................................................................................... 4 What happens to awards on a termination of service?..........................................................................................5 What happens if there is a change in control of the Company?........................................................................... 5 What will happen upon a dissolution or liquidation?.......................................................................................... 6 When do I own the Shares underlying my awards?............................................................................................. 6 May awards be sold or transferred?..................................................................................................................... 6 When may I sell Shares that I acquire under the Plan?........................................................................................ 6 How are my awards affected if I live outside the United States?........................................................................ 7 Where do I find the terms of my awards?............................................................................................................ 7
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Awards Under the Plan. (a) Form. Awards under the Plan may be granted in either or both the following forms: (i) incentive stock options ("Incentive Stock Options"), as described in Section 3, and (ii) Stock Appreciation Rights, as described in Section 4.
Sample 1
Awards Under the Plan 
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Related to Awards Under the Plan

  • Award of Stock Pursuant to the Plan, the Number of Shares of Restricted Stock Granted shown above (the “Restricted Stock”) were awarded to the Participant on the Date of Grant shown above, subject to the terms and conditions of the Plan, and subject further to the terms and conditions set forth in this Agreement.

  • Stock Awards “Stock Awards” means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.

  • Stock Option Awards During the Term, the Executive shall be eligible for awards of options to purchase shares of the Company’s common stock (the “Stock Options”), such Stock Options to be awarded in the sole discretion of the Compensation Committee and in accordance with the terms of the Company’s Stock Option Plan, as such Stock Option Plan may be amended, suspended or terminated from time to time.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Share Award The Corporation hereby awards the Employee Shares (Shares) of Common Stock, par value $1.50 per share (Common Stock) of the Corporation pursuant to the 2007 Viad Corp Omnibus Incentive Plan (Plan), subject to the terms, conditions, and restrictions of such Plan and as hereinafter set forth.

  • Award of Shares Pursuant to the provisions of the Plan, the terms of which are incorporated herein by reference, the Employee is hereby awarded Restricted Shares (the “Award”), subject to the terms and conditions herein set forth. Capitalized terms used herein and not defined shall have the meanings set forth in the Plan. In the event of any conflict between this Agreement and the Plan, the Plan shall control.

  • Grant of Deferred Stock Units Effective as of the Grant Date, the Company hereby grants to the Executive Deferred Stock Units. In accepting the award of Deferred Stock Units granted in this Agreement the Executive accepts and agrees to be bound by all the terms and conditions of the Plan and this Agreement. The Company shall cause to be delivered to the Executive in electronic or certificated form any shares of the Common Stock that are to be issued under the terms of this Agreement in exchange for Deferred Stock Units awarded hereby, and such shares of the Common Stock shall be transferable by the Executive as provided herein (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable securities law).

  • Stock Incentives Executive shall be entitled to such vesting or other benefits as are provided by the award agreement pertaining thereto.

  • Stock Option Award Within the 60-day period following the Start Date, Executive will receive an award of stock options to purchase Common Stock (the “Options”). The terms and conditions of the Options will be governed by Parent’s 2010 Equity Incentive Plan and the Stock Option Agreement in substantially the form attached hereto as Exhibit A. The number of shares covered by such Options shall equal 10,000. The Options shall have a per share exercise price equal to the fair market value per share of such Option on the date of grant, as determined by the Board.

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