{"component": "clause", "props": {"groups": [{"size": 16, "samples": [{"hash": "bbNZXMvjXZH", "uri": "/contracts/bbNZXMvjXZH#equity-compensation-plan", "label": "Director Advisory Agreement (Mitesco, Inc.)", "score": 32.9685134888, "published": true}, {"hash": "6lctxangvEm", "uri": "/contracts/6lctxangvEm#equity-compensation-plan", "label": "Director Advisory Agreement (Mitesco, Inc.)", "score": 32.9685134888, "published": true}, {"hash": "iNXU34VMm9N", "uri": "/contracts/iNXU34VMm9N#equity-compensation-plan", "label": "Board of Directors Advisory Agreement (True Nature Holding, Inc.)", "score": 31.0123195648, "published": true}], "snippet": "The Board Member shall be eligible to participate in the Company\u2019s equity compensation plan, if any; only to the extent such eligibility is set forth in Exhibit A. 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"snippet": "The adoption and performance by the Company of the 2015 Director Plan, as described in the Registration Statement, the General Disclosure Package and the Prospectus, will not violate any applicable law, statute, rule or regulation applicable to the Company or any Subsidiary.", "snippet_links": [{"key": "performance-by-the-company", "type": "clause", "offset": [17, 43]}, {"key": "director-plan", "type": "definition", "offset": [56, 69]}, {"key": "the-registration-statement", "type": "clause", "offset": [87, 113]}, {"key": "package-and-the-prospectus", "type": "clause", "offset": [138, 164]}, {"key": "applicable-law", "type": "definition", "offset": [187, 201]}, {"key": "rule-or-regulation", "type": "definition", "offset": [212, 230]}, {"key": "to-the-company", "type": "definition", "offset": [242, 256]}], "hash": "329ae4ee05c43d911c8e866fecdfcebd", "id": 10}, {"size": 2, "samples": [{"hash": "3aac03hnAo7", "uri": "/contracts/3aac03hnAo7#equity-compensation-plan", "label": 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"snippet": "2.3.1. Under the Employee\u2019s previous employment with the Company\u2019s predecessor, Cardax Pharmaceuticals, Inc. (\u201cPharmaceuticals\u201d), the Employee was issued options to purchase shares of common stock of Pharmaceuticals pursuant to Pharmaceuticals 2006 Stock Incentive Plan and the stock option agreement thereunder (as amended to the date of this Agreement, collectively, the \u201cOld Plan\u201d). In accordance with the terms of the Old Plan, all rights to acquire shares of common stock of Pharmaceuticals is substituted for the right to purchase shares of common stock of the Company under the Company\u2019s 2014 Equity Compensation Plan (the \u201cNew Plan\u201d), as of and contingent upon the closing of the merger (the \u201cEffective Time\u201d), as described in that certain Agreement and Plan of Merger, dated as of November 27, 2013, as amended (the \u201cMerger Agreement\u201d), as follows: The right that the Employee has under the Old Plan to the right to acquire 200,000 shares of common stock of Pharmaceuticals at an exercise price per share of $0.07 are hereby substituted on and contingent upon the Effective Time for the right to purchase 90,116 shares of common stock of the Company at an exercise price equal to $0.155.\n2.3.2. In addition, as a further incentive to the Employee:\n(i) The substitution of the options under the Old Plan are modified on the Effective Time so that they have an exercise period of ten years, subject to earlier termination of the right to exercise an option as provided in the New Plan (which is the same exercise period for options that are granted on the Effective Time under the New Plan); and\n(ii) The Company has also provided an additional grant of incentive stock options under the New Plan in accordance with a separate grant agreement that is being executed and delivered by and between the Company and the Employee as of the Effective Time. Such additional grant of stock options shall be (x) subject to the vesting restrictions and other terms and conditions to be entered into between the Employee, the Company, and the New Plan, (y) have an exercise period of 10 years, subject to earlier termination of the right to exercise an option as provided in the New Plan; and (z) have an initial exercise price per share equal to $0.625, subject to adjustment as provided in the New Plan to appropriately adjust the incentive stock option for changes to the common stock of the Company.\n(iii) The total number of stock options that you have under the New Plan is equal to: (1) the number of shares that represent a substitution of your options under the Old Plan, described in clause (i), above; plus (2) the additional grant of incentive stock options granted under the New Plan, described in clause (ii), above; and is equal to 2.00% of the total number of shares of common stock of the Company as of the Effective Time, determined on a fully diluted basis (assuming that all shares of common stock of the Company reserved for issuance under the New Plan, including the shares that would be issued for grants that substitute options under the Old Plan, are issued and outstanding).", "snippet_links": [{"key": "employment-with-the-company", "type": "clause", "offset": [37, 64]}, {"key": "to-purchase-shares-of-common-stock", "type": "clause", "offset": [162, 196]}, {"key": "pursuant-to", "type": "definition", "offset": [216, 227]}, {"key": "stock-incentive-plan", "type": "definition", "offset": [249, 269]}, {"key": "the-stock-option-agreement", "type": "clause", "offset": [274, 300]}, {"key": "as-amended", "type": "definition", "offset": [313, 323]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [331, 353]}, {"key": "old-plan", "type": "definition", "offset": [374, 382]}, {"key": "in-accordance-with", "type": "clause", "offset": [386, 404]}, {"key": "terms-of-the", "type": "clause", "offset": [409, 421]}, 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WARRANTIES OF PARENT AND MERGER SUB"], ["exclusivity-of-representations-and-warranties-reliance", "Exclusivity of Representations and Warranties; Reliance"], ["voting-agreements", "Voting Agreements"]], "children": [], "id": "equity-compensation-plan", "related": [["equity-compensation", "Equity Compensation", "Equity Compensation"], ["incentive-compensation-plan", "Incentive Compensation Plan", "Incentive Compensation Plan"], ["equity-incentive-compensation", "Equity Incentive Compensation", "Equity Incentive Compensation"], ["deferred-compensation-plan", "Deferred Compensation Plan", "Deferred Compensation Plan"], ["compensation-plans", "Compensation Plans", "Compensation Plans"]], "related_snippets": [], "updated": "2026-04-19T04:24:51+00:00", "also_ask": ["What key terms must be included to ensure enforceability of the equity compensation plan?", "How can vesting schedules be structured to maximize retention and minimize risk?", "What are the most common negotiation points and leverage tactics for both employers and employees?", "How do equity compensation plans compare legally to cash bonus arrangements in terms of risk and benefit?", "What are the most frequent grounds for court challenges to equity compensation plans, and how can they be mitigated?"], "drafting_tip": "Specify eligibility criteria to prevent disputes, define vesting schedules to ensure clarity of rights, and outline tax implications to inform participants.", "explanation": "An Equity Compensation Plan is a provision that outlines how a company will grant ownership interests, such as stock options or restricted shares, to employees, directors, or consultants as part of their compensation. The clause typically details eligibility, types of equity awards, vesting schedules, and the process for exercising options or receiving shares. Its core function is to incentivize and retain key personnel by aligning their interests with the long-term success of the company, while also providing a structured framework for distributing equity."}, "json": true, "cursor": ""}}