Equity Compensation Opportunity Sample Clauses

Equity Compensation Opportunity. During each year of the Employment Period (commencing with the 2022 grant cycle, assuming you have not received a grant in respect of 2022 prior to the Closing Date), you will be granted annual long-term incentive awards with a target grant date fair value of 200% of Annual Base Salary. The grant timing, form and terms and conditions of your long-term incentive awards will be as determined by the Compensation Committee of the Board and no less favorable than those applicable to other senior executives of the Company.
Sample 1
Equity Compensation Opportunity. For each calendar year during the Term, Employee will be eligible to participate in and receive a long term award under the Corporation’s Stock Plan (as defined below). The value of Employee’s annual target equity compensation award under the Stock Plan, for each calendar year for which such an award is made to Employee under this Agreement, shall be equal to an amount that is not less than $1,250,000. Long term incentive awards may be provided in the form of stock options, restricted stock units (“RSUs”), performance-based restricted stock units (“PRSUs”), restricted stock, long-term incentive plan (“LTIP”) units, profits interests, and/or other equity or equity-based types of award, as determined by the Compensation Committee in accordance with the terms of the UMH Properties, Inc. Amended and Restated 2013 Incentive Award Plan or any successor stock or long term equity-based incentive plan adopted by the Corporation from time to time (the “Stock Plan”). Equity award amounts shall be reviewed at least annually by the Compensation Committee and may be increased (but not decreased) in its discretion (taking into account the recommendation of the Corporation’s President and Chief Executive Officer). Such awards will be pro-rated for any partial year of employment. Such awards will be subject to time-based and performance-based vesting as determined by the Compensation Committee.
Sample 1
Equity Compensation Opportunity. For each calendar year during the Term, Employee will be eligible to participate in and receive a long term award under the Corporation’s Stock Plan (as defined below). The value of Employee’s annual target equity compensation award under the Stock Plan, for each calendar year for which such an award is made to Employee under this Agreement, shall be equal to an amount that is not less than $1,600,000. Long term incentive awards may be provided in the form of stock options, restricted stock units (“RSUs”), performance-based restricted stock units (“PRSUs”), restricted stock, long-term incentive plan (“LTIP”) units, profits interests, and/or other equity or equity-based types of award, as determined by the Compensation Committee in accordance with the terms of the UMH Properties, Inc. Amended and Restated 2013 Incentive Award Plan or any successor stock or long term equity-based incentive plan adopted by the Corporation from time to time (the “Stock Plan”). Equity award amounts shall be reviewed at least annually by the Compensation Committee and may be increased (but not decreased) in its discretion. Such awards will be pro-rated for any partial year of employment. Such awards will be subject to time-based and performance-based vesting as determined by the Compensation Committee. The terms and conditions of equity or equity-based grants to Employee in respect of any calendar year, including vesting and types of awards (but not necessarily the amount of such awards), shall be no less favorable than the terms and conditions of equity grants provided to other named executive officers of the Corporation, generally, in respect of such calendar year.
Sample 1
Equity Compensation Opportunity. During each year of the Employment Period (commencing with the 2022 grant cycle, assuming you have not received a grant in respect of 2022 prior to the Closing Date), you will be granted annual long-term incentive awards with a target grant date fair value of 300% of Annual Base Salary. The grant timing, form and terms and conditions of your long-term incentive awards will be as determined by the Compensation Committee of the Board and no less favorable than those applicable to other senior executives of the Company; provided, however, that any such long-term incentive awards may be granted to you in the form of restricted stock units with respect to Company common stock in lieu of shares of restricted stock.
Sample 1

Related to Equity Compensation Opportunity

  • Equity Compensation Subject to the approval by the Board, you will be granted the right to purchase a number of shares of the Company’s Common Stock (the “Purchase Right”), which is expected to represent 4.5% of the fully diluted equity capitalization of the Company immediately following the first date on which the Company has sold preferred stock with aggregate gross proceeds to the Company in the amount of at least $10,000,000 cumulatively to such date. Any purchase of shares subject to the Purchase Right will be governed by the terms and conditions of your stock purchase agreement and will include a repurchase option in favor of the Company that will be released as your shares vest in accordance with the following vesting schedule: (x) 25% of the total shares subject to the Purchase Right will vest on the 12-month anniversary of the Start Date, subject to your continuous service with the Company on such vesting date, and (y) 1/48th of the total shares subject to the Purchase Right will vest in monthly installments thereafter, subject in each case to your continuous service with the Company on each such vesting date. The exercise price per share subject to the Purchase Right will be equal to the fair market value of one share of the Company’s Common Stock as determined by the Board in good faith on the date the Board approves grant of the Purchase Right. The Purchase Right, and any additional equity awards granted by the Company to you in the future, shall be subject to acceleration of vesting substantially as follows: If within a Sale Event Window (as defined below), (a) the Company terminates your employment without Cause (as defined below), or (b) you terminate your employment for Good Reason (as defined below), and in either case other than as a result of death or disability, and provided such termination constitutes a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h), and subject to your signing the Separation Agreement (as defined below) and the Separation Agreement becoming effective within sixty (60) days of such termination, then 100% of the shares that are subject to vesting and are unvested as of the date of such termination will immediately become fully vested (the “Double-Trigger Acceleration”); any forfeiture or lapsing of such shares shall be delayed until the sixtieth (60th) day after the date of such termination and shall only occur if the Separation Agreement does not become effective on or before that sixtieth (60th) day.

  • Equity Incentive Compensation Executive shall be eligible to receive annual equity awards based on the Company’s and Executive’s actual performance, as determined by the Board or the Compensation Committee. Each such equity award granted to Executive hereunder shall be subject to the terms and conditions of the incentive plan pursuant to which it is granted and such other terms and conditions as are established by the Board or Compensation Committee and set forth in an award agreement evidencing the grant of such equity award.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Incentive Compensation Program In order to enhance consistency in sales efforts for products offered inside and outside of Covered California, Contractor shall consider information provided by Covered California regarding sales commissions in order to credit the Agent’s sale of QDPs through Covered California for Small Business to the Agent’s sale of Contractor’s policies outside Covered California for purposes of determining Agent’s aggregate sales that shall be used by Contractor to determine incentive or other compensation payable by Contractor to Agent. Contractor shall provide information as may reasonably be required by Covered California from time to time to monitor Contractor’s compliance with the requirements set forth in this section.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Incentive Compensation During the Term, Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, from time to time. For the Company’s 2017 fiscal year, Executive’s target annual incentive compensation shall be 45% of Executive’s Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of such bonus.

  • Reporting Subawards and Executive Compensation a. Reporting of first-tier subawards.

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.