Awards Under the Plan Sample Clauses

Awards Under the Plan. Awards to Eligible Participants under the Plan shall be in the form of New Options.
Sample 1
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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
Sample 1
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...
Sample 1
Awards Under the Plan. 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
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.
Sample 1
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

  • Actions Taken Under the Program The actions taken by the Recipient under the Program include the following:

  • Plan Terminations Under Section 409A Notwithstanding anything to the contrary in Section 7.2, if the Company terminates this Agreement in the following circumstances: (a) Upon the Company’s termination and liquidation of the Agreement pursuant to irrevocable action taken within thirty (30) days before, or twelve (12) months after a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company as described in Section 409A(2)(A)(v) of the Code, provided that all distributions are made no later than twelve (12) months following such termination of the Agreement and further provided that all the Company’s arrangements which are substantially similar to the Agreement are terminated so the Executive and all participants in the similar arrangements are required to receive all amounts of compensation deferred under the terminated arrangements within twelve (12) months of the termination of the arrangements; (b) Upon the Company’s termination and liquidation of the Agreement within twelve (12) months of a corporate dissolution taxed under Section 331 of the Code or with the approval of a bankruptcy court provided that the amounts deferred under the Agreement are included in the Executive’s gross income in the latest of the following years (or, if earlier, the taxable year in which the amount is actually or constructively received): (i) the calendar year in which the Agreement terminates; (ii) the first calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the distribution is administratively practical; or (c) Upon the Company’s termination and liquidation of this and all other non-account balance plans (as referenced in Section 409A of the Code) provided that (i) such action does not occur proximate to a downturn in the financial health of the Company; (ii) all distributions are made no earlier than twelve (12) months and no later than twenty-four (24) months following such termination, and (iii) the Company does not adopt any new non-account balance plans for a minimum of three (3) years following the date of such termination; the Company may distribute the vested Accrual Balance as shown on Schedule A, determined as of the date of the termination of the Agreement, to the Executive in a lump sum subject to the above terms.

  • IMPLICATIONS UNDER THE LISTING RULES As the relevant percentage ratios (as defined under the Listing Rules) in respect of the maximum amount of financial assistance granted to the Borrowers or their associates pursuant to the Loan Agreement exceed 5% but are under 25%, the transaction contemplated thereunder constitutes a discloseable transaction of the Company and is therefore subject to the announcement requirement but exempt from obtaining Shareholders’ approval under Chapter 14 of the Listing Rules.

  • Payments under this Agreement In the event that one party (the “Owing Party”) is required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then such payments shall be made according to this Section 7.05.

  • REPORTS UNDER THE 1934 ACT With a view to making available to the Investors the benefits of Rule 144 promulgated under the 1933 Act or any other similar rule or regulation of the SEC that may at any time permit the investors to sell securities of the Company to the public without registration ("Rule 144"), the Company agrees to: a. make and keep public information available, as those terms are understood and defined in Rule 144; b. file with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements (it being understood that nothing herein shall limit the Company's obligations under Section 4(c) of the Securities Purchase Agreement) and the filing of such reports and other documents is required for the applicable provisions of Rule 144; and c. furnish to each Investor so long as such Investor owns Registrable Securities, promptly upon request, (i) a written statement by the Company that it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Investors to sell such securities pursuant to Rule 144 without registration.

  • How We Calculate Benefits Under These Rules When this plan is secondary, it may reduce its benefits so that the total benefits paid or provided by all plans are not more than the total allowable expenses. In determining the amount to be paid for any claim, the secondary plan will calculate the benefits it would have paid in the absence of other healthcare coverage and apply that calculated amount to any allowable expense under its plan that is unpaid by the primary plan. The secondary plan may then reduce its payment by the amount so that, when combined with the amount paid by the primary plan, the total benefits paid or provided by all plans for the claim do not exceed the total allowable expense for that claim. In addition, the secondary plan shall credit to its plan deductible any amounts it would have credited to its deductible in the absence of other healthcare coverage.

  • Losses Under the Stated Threshold After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the total Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds eighty percent (80%) of that amount.

  • Conditions to Each Party’s Obligations under this Agreement The respective obligations of each party under this Agreement shall be subject to the fulfillment at or prior to the Closing Date of the following conditions, none of which may be waived:

  • Persons Having Rights Under the Agreement Nothing in this Agreement shall give to any person other than the Company, the Warrant Agent and the holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement.

  • Other Provisions applicable to Adjustments under this Section The following provisions shall be applicable to the making of adjustments of the number of shares of Common Stock for which this Warrant is exercisable and the Warrant Price then in effect provided for in this Section 4:

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