Equity Compensation Award Sample Clauses
An Equity Compensation Award clause defines the terms under which an individual, typically an employee or contractor, is granted equity interests such as stock options, restricted stock, or other ownership rights in a company. This clause outlines the type and amount of equity awarded, the vesting schedule, and any conditions or restrictions on the equity, such as performance milestones or continued service requirements. By specifying these details, the clause ensures both parties understand the nature and timing of the equity grant, aligning incentives and providing a clear framework for ownership participation.
Equity Compensation Award. The Compensation Committee of the Board has approved an incentive stock option (“ISO”) granting Employee the right to purchase up to 100,000 shares of the Company’s common stock under the Ch▇▇▇▇▇ & Co▇▇▇▇▇, Ltd. 2008 Stock Incentive Plan, as amended (the “2008 Plan”), at an option exercise price equal to the closing price of the common stock on the Effective Date contingent upon Employee’s execution of this Agreement; provided that such option shall be granted as a non-ISO to the extent it does not qualify for ISO treatment on the Effective Date. This ISO award shall vest in accordance with the following vesting schedule: 25% of the ISO award (25,000 option shares) shall vest six months after the Effective Date and an additional 25% of the ISO award (25,000 option shares) shall vest on each of the following three anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) through each such vesting date. The ISO award shall be contingent upon Employee’s execution of a standard Employee Incentive Option Agreement in substantially the form attached as Exhibit A to this Agreement and the ISO award shall in all respects be subject to and governed by the provisions of the 2008 Plan and the Employee Incentive Option Agreement.
Equity Compensation Award. Executive shall be entitled to and shall participate in Bancorp’s 2019 Omnibus Equity Plan (the “Plan”). In connection with and as consideration for entering into this Agreement, Executive shall be granted, on or so soon as practicable after the Effective Date, a restricted stock award (the “Award”) for the equivalent of seven hundred fifty thousand dollars ($750,000) of Bancorp common stock. The Award shall be subject to the terms and conditions of the Plan and a separate Restricted Shares Award Agreement by and between the Executive and Bancorp (the “Award Agreement”). The Award will vest in equal shares over a five (5) year period (e.g. 20% vesting each year).
Equity Compensation Award. The Employee may receive Employee Equity Compensation Awards, as determined by the Compensation Committee in its discretion from time to time. The cash compensation set forth in clauses (i) and (ii) above shall be payable in U.S. dollars, RMB and/or such other currencies as the Employee and the Company shall mutually agree. During the term of employment hereunder, the Employee’s cash compensation and equity awards shall be reviewed by the Board, the Compensation Committee or management of the Company from time to time (but no less than annually) to determine whether an increase in the Employee’s salary and additional equity awards are appropriate.
Equity Compensation Award. An equity compensation award, made under the Omnibus Stock Plan, of RSUs having a value on the date of grant of $65,000; and
Equity Compensation Award. The Company confirms that the incentive stock option (“ISO”) for the right to purchase up to 100,000 shares of the Company’s common stock under the ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇, Ltd. 2008 Stock Incentive Plan, as amended, at an option exercise price of $0.88 granted to Employee in accordance with the terms of the COO Employment Agreement on May 23, 2017 are fully vested as of the date hereof. The Compensation Committee of the Board has approved an additional ISO granting Employee the right to purchase up to 350,000 shares of the Company’s common stock under the the ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇, Ltd. 2018 Stock Incentive Plan (the “2018 Plan”), at an option exercise price equal to the closing price of the common stock on the Effective Date contingent upon Employee’s execution of this Agreement; provided that such option shall be granted as a nonqualified stock option (“NSO”) to the extent it does not qualify for ISO treatment on the Effective Date (the ISO award, together with any required NSO, the “Equity Grant”). This Equity Grant shall vest in accordance with the following vesting schedule: 50% of the Equity Grant (175,000 option shares) shall vest on the Effective Date and an additional 25% of the ISO award (87,500 option shares each) shall vest on each of the following two anniversaries of the Effective Date provided Employee remains continuously employed with the Company (or other affiliated company) through each such vesting date. The Equity Grant shall be contingent upon Employee’s execution of a standard Employee Incentive Stock Option Agreement in substantially the form attached as Exhibit A to this Agreement and, if needed, a standard Employee Nonqualified Stock Option Agreement substantially in the form attached as Exhibit B to this Agreement and the Equity Grant shall in all respects be subject to and governed by the provisions of the 2018 Plan and the Employee Incentive Option Agreement and, if needed, the Employee Nonqualified Option Agreement.
Equity Compensation Award. Provided that Executive continues to serve as President and Chief Executive Officer of the Company until and including March 1, 2004, the Parent shall grant to Executive under the Eos International, Inc. 2003 Stock Award and Incentive Plan (the “Plan”) on March 1, 2004 an option to purchase 250,000 shares of common stock of the Parent on the terms and conditions set forth in the Option Agreement attached hereto as Exhibit B.
Section 5. The Option Agreement referenced in new Paragraph 5.4 of the Employment Agreement shall be the Option Agreement attached hereto as Exhibit B.
Section 6. This Amendment is made in accordance with Paragraph 16.2 of the Employment Agreement with respect to modification of the Employment Agreement.
Section 7. As used in the Employment Agreement, the term “Agreement” shall mean the Employment Agreement, as from time to time amended (including without limitation, this Amendment).
Equity Compensation Award. Executive shall be entitled to and shall participate in Bancorp’s 2019 Omnibus Equity Plan (the “Plan”). In connection with and as consideration for entering into this Agreement, Executive shall be granted, on or so soon as practicable after the Effective Date, a restricted stock award (the “Award”) for the equivalent of One Million Two Hundred Thousand Dollars ($1,200,000.00) of Bancorp common stock. The Award shall be subject to the terms and conditions of the Plan and a separate Restricted Shares Award Agreement by and between the Executive and Bancorp (the “Award Agreement”). The Award will have a three (3) year vesting period, with 50% vesting after year two and 50% vesting after year three, in each case subject to Executive’s continuous service with the Company.