Common use of Equity Based Incentive Compensation Clause in Contracts

Equity Based Incentive Compensation. (a) The Company currently has in place an incentive stock option plan pursuant to the provisions of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") (hereinafter, the "Option Plan"). The Company agrees that Txxxx, as the Chief Executive Officer of the Company, shall participate in the Option Plan, at the time or times and consistent with the terms and vesting rules generally applicable to other senior executives of the Company under the Option Plan.

Appears in 1 contract

Samples: Employment Agreement (Cronos Group)

AutoNDA by SimpleDocs

Equity Based Incentive Compensation. (a) The Company currently has in place an incentive stock option plan pursuant to the provisions of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") (hereinafter, the "Option Plan"). The Company agrees that TxxxxTietx, as xx the Chief Executive Officer of the Company, shall participate in the Option Plan, at the time or times and consistent with the terms and vesting rules generally applicable to other senior executives of the Company under the Option Plan.

Appears in 1 contract

Samples: Employment Agreement (Cronos Group)

Equity Based Incentive Compensation. (a) The Company currently has in place an incentive stock option plan pursuant to the provisions of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") (hereinafter, the "Option Plan"). The Company agrees that TxxxxYounger, as the Chief Executive Financial Officer of the Company, shall participate in the Option Plan, at the time or times and consistent with the terms and vesting rules generally applicable to other senior executives of the Company under the Option Plan.

Appears in 1 contract

Samples: Employment Agreement (Cronos Group)

AutoNDA by SimpleDocs

Equity Based Incentive Compensation. (a) The Company currently has in place an incentive stock option plan pursuant to the provisions of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") (hereinafter, the "Option Plan"). The Company agrees that TxxxxYounger, as the Chief Executive Operating and Financial Officer of the Company, shall participate in the Option Plan, at the time or times and consistent with the terms and vesting rules generally applicable to other senior executives of the Company under the Option Plan.

Appears in 1 contract

Samples: Employment Agreement (Cronos Group)

Time is Money Join Law Insider Premium to draft better contracts faster.