Bonus Plan; Equity Awards Sample Clauses

Bonus Plan; Equity Awards. Executive shall be eligible to receive an annual bonus in accordance with Company bonus policy to be established by the Board from time to time (the “Annual Bonus”). The Annual Bonus, if any, will be determined by the Board based upon the Company’s annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the Company. For 2009, Executive will be eligible to receive an Annual Bonus of up to forty percent (40%) of his 2009 Annual Base Salary upon 100% achievement of 2009 annual objectives. For subsequent years, the Annual Bonus target as a percentage of then-current Annual Base Salary, may be adjusted, but may not be less than 40% of the Executive’s then-current Annual Base Salary.
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Bonus Plan; Equity Awards. Chief Executive Officer shall receive a one-time grant of shares of common stock in the corporation within 30 days of signing this Agreement in an amount of five million (5,000,000) shares. Subsequent stock issuances will be granted in the amount of two-million five hundred thousand (2,500,000) shares on each of the following four anniversaries of employment, should the CEO remains employed at that time. All shares are to be common shares issued with SEC Rule 144 Restriction.
Sample 1
Bonus Plan; Equity Awards. Executive shall be eligible to receive an annual bonus in accordance with Company bonus policy to be established by the Board from time to time (the "Annual Bonus"). The Annual Bonus, if any, will be determined by the Board based upon the Company's annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the Company. For 2009, there will be no bonus.
Sample 1Sample 2
Bonus Plan; Equity Awards. CCO shall receive a one-time grant of shares of common stock in the corporation on or about 1 January 2015 to be issued not later than June 30, 2015 in an amount to be determined by the CEO and Compensation Committee.
Sample 1Sample 2
Bonus Plan; Equity Awards. Executive shall be entitled to participate in any bonus plan as may be established by the Board from time to time (the “Bonus”). The Bonus, if any, will be determined by the Board based upon the Company's annual achievement of financial performance goals and other annual objectives as determined by the Board in good faith for each fiscal year of the Company. Subject to the terms of this Agreement, the Company hereby agrees to grant to Executive One Hundred Fifty Thousand (150,000) shares of the common stock of the Company on each of December 31, 2010, 2011 and 2012 (each, an “Award Date”) for an aggregate amount of Four Hundred Fifty Thousand (450,000) shares of common stock (collectively, the “Shares”). The parties agree that Executive shall receive each such grant of Shares subject to Executive’s Continuous Service on each Award Date, respectively. “Continuous Service” means that the provision of services by the Executive to the Company or a related entity in any capacity of employee, director or consultant, is not interrupted or terminated. Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any related entity, or any successor, in any capacity of employee, director or consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a related entity in any capacity of employee, director or consultant. An approved leave of absence shall include sick leave, military leave, or any other authorized personal leave.
Sample 1
Bonus Plan; Equity Awards. Chief Business Development Officer and interim Chief Executive Officer and interim Chief Financial Officer shall receive a one-time grant of shares of common stock in the corporation within 30 days of signing this Agreement in an amount of one-hundred twenty-five million (125,000,000) shares. A second issuance will be granted in the amount of twenty-five million (25,000,000) shares on the first anniversary of employment, should the CBDO be employed at that time. All shares are to be common shares issued with SEC Rule 144 Restriction.
Sample 1
Bonus Plan; Equity Awards. Chief Financial Officer shall receive a one-time grant of shares of common stock in the corporation under Stage 1 within 30 days of signing this Agreement in an amount of one million (1,000,000) shares. Stage 2 shall include an additional stock grant in an amount determined by the Board of Directors. All shares are to be common shares issued with SEC Rule 144 Restriction.
Sample 1
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Bonus Plan; Equity Awards. Chief Compliance Officer shall receive a one-time grant of shares of common stock in the corporation within 30 days of signing this Agreement in an amount of five million (5,000,000) shares. Subsequent stock issuances will be granted in the amount of two-million five hundred thousand (2,500,000) shares on each of the following four anniversaries of employment, should the CCO remains employed at that time. All shares are to be common shares issued with SEC rule 144 Restriction.
Sample 1
Bonus Plan; Equity Awards. Collectively, as a group, Principals will receive an annual cash bonus and stock equity award in accordance with CDIX’s bonus policy set forth below (the “Annual Bonus”). The Annual Bonus will be conditioned upon the Company achieving 100% of the annual objectives of financial performance goals as set forth below. 2021 $2.0M $120,000.00 120,000 shares (=$480K) 2022 $2.4M $150,000.00 135,000 shares 2023 $3.7M $210,000.00 150,000 shares 2024 $5.5M $300,000.00 180,000 shares 2025 $8.0M $420,000.00 210,000 shares
Sample 1

Related to Bonus Plan; Equity Awards

  • Annual Equity Awards Following the first anniversary of the Effective Date, Executive will be granted annual equity awards in an amount determined by the Board. Such awards may be in the form of options, restricted stock units, performance shares, or any other form as approved by the Board.

  • Equity Awards You will be eligible to receive awards of stock options or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or Committee, as applicable, will determine in its sole discretion whether you 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.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Bonus Plans A bonus is a lump sum payment that is not a permanent increase to the salary base of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to, the following:

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Equity Incentive Awards The Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board and the Executive shall be eligible for consideration for such awards in the same manner as other senior executive officers of the Company. In the event of a Change of Control in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards of substantially equivalent value, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • No Equity Awards Except for grants pursuant to equity incentive plans disclosed in the Registration Statement and the Prospectus, the Company has not granted to any person or entity, a compensatory stock option or other compensatory equity-based award to purchase or receive common stock of the Company or OP Units of the Operating Partnership pursuant to an equity-based compensation plan or otherwise.

  • 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.

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