Equity Grant Agreements Unaffected Sample Clauses

Equity Grant Agreements Unaffected. Scribante understands and agrees that this Agreement and Release does not and shall not supersede any of his ongoing rights and obligations set forth in the Equity Grant Agreements and Scribante further understands and agrees that in consideration of the Severance Payment and other benefits provided to him pursuant to Section 2 of this Agreement and Release, Scribante’s Equity Grant Agreements with Company are hereby reaffirmed and restated in all respects, are hereby incorporated herein by reference and shall remain in full force and effect unaffected by this Agreement and Release. Scribante recognizes and agrees that additional consideration to which he would not otherwise be entitled is being provided to him hereunder for him to reaffirm and agree to his foregoing obligations.
Sample 1
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Equity Grant Agreements Unaffected. Altschaefl understands and agrees that, except as provided herein, this Agreement does not and shall not supersede any of his ongoing rights and obligations set forth in the Equity Grant Agreements and Altschaefl further understands and agrees that, in consideration of the payments, compensation and other benefits provided to him pursuant to this Agreement, Altschaefl’s Equity Grant Agreements with Company are hereby reaffirmed and restated in all respects, are hereby incorporated herein by reference and shall remain in full force and effect unaffected by this Agreement. Altschaefl recognizes and agrees that additional consideration to which he would not otherwise be entitled is being provided to him hereunder for him to reaffirm and agree to his foregoing obligations.
Sample 1
Equity Grant Agreements Unaffected. Xxxxx understands and agrees that except as provided herein, this Agreement and Release does not and shall not supersede any of his ongoing rights and obligations set forth in the Equity Grant Agreements and Xxxxx further understands and agrees that in consideration of the Severance Payments, Consulting Payments, Project Bonuses and other benefits provided to him pursuant to Sections 2, 3 and 4 of this Agreement and Release, Xxxxx’ Equity Grant Agreements with Company are hereby reaffirmed and restated in all respects, are hereby incorporated herein by reference and shall remain in full force and effect unaffected by this Agreement and Release. Xxxxx recognizes and agrees that additional consideration to which he would not otherwise be entitled is being provided to him hereunder for him to reaffirm and agree to his foregoing obligations.
Sample 1

Related to Equity Grant Agreements Unaffected

  • Equity Grants The Employee shall be granted as soon as practicable on or after the Effective Date, a stock option to purchase 734,900 shares of the Company’s common stock (the “Option”) (which option shall be issued as an incentive stock option to the maximum extent allowed under Section 422 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the “Code”)) pursuant to the Company’s 2011 Employee, Director and Consultant Equity Incentive Plan (the “Plan”). The Option shall be granted with an exercise price equal to the fair market value of the Company’s common stock on the date of grant. Twenty-Five percent (25%) of the Option shall be vested one year from the Effective Date and the remaining portion of such Option shall vest in equal monthly installments over a thirty-six (36) month period commencing on the first day of the month one year following the Effective Date, subject to continued employment by the Company. Notwithstanding the foregoing, in connection with a Change of Control (as defined in the Plan) or if a termination of the Employee occurs within two (2) months prior thereto, then the vesting of all equity then owned by the Employee shall accelerate with respect to one hundred percent (100%) of the unvested shares. In lieu of the Option at the request of the Employee, the Company shall issue restricted common stock. Restricted common stock will be issued at par value. If the equity to be issued is restricted common stock and not stock options, the number of shares of restricted common stock to be issued shall be calculated by determining the black scholes value of the grant as if it had been issued solely as stock options and dividing such number by the then current fair market value of the Company’s common stock so as to provide no additional benefit to the Employee for the non-payment of the exercise price. The Employee acknowledges and agrees that effective as of the date of the grant of the equity as set forth in the preceding paragraph, option agreement No. SP-0040 granted by the Company to the Employee as of April 30, 2011 shall be terminated and of no further force and effect. The Company acknowledges that any other options previously granted to the Employee that vest based upon the Employee providing consulting services to the Company shall continue to vest upon its terms as long as the Employee is providing services as a director, consultant or employee of the Company and that the definition of “cause” applicable to all such option agreements shall be the definition set forth herein and not as set forth in the 2008 Stock Incentive Plan.

  • Equity Grant Subject to approval by the Board and your execution of the Company’s standard form of Restricted Stock Agreement for executives (the “Restricted Stock Agreement”), you will be eligible to receive shares of the Company’s common stock under the Company’s 2017 Stock Option and Grant Plan (the “Plan”) equaling 15% of the Company’s outstanding common stock on a fully-diluted basis as of the grant date and after giving effect to the grant. If the Company closes Preferred Round on or prior to December 31, 2019 (and provided that you are still employed by the Company at the time of such closing), the Company shall issue you an additional award of restricted shares of Company common stock under the Plan in an amount such that, after giving effect to such additional issuance, you have been granted shares of common stock equal to 15% of the Company’s outstanding common stock on a fully-diluted basis upon closing of (and giving effect to) the Preferred Round. If the Preferred Round closes in multiple tranches (including tranches closed in the future, if initial closings of at least $3,000,000 occur by December, 2019), you will receive an additional award upon the closing of each tranche, in accordance with the foregoing. All shares of Company common stock granted to you shall be subject to repurchase and forfeiture as set forth in Restricted Stock Agreement, which shall provide that, subject to Section 6, the granted shares shall vest as follows: (i) 25% of the granted shares will vest on the three-month anniversary of the Commencement Date and (ii) thereafter, the remaining unvested shares will vest in equal quarterly installments over a three-year period, on the last day of each calendar quarter (i.e., March 31, June 30, September 30 and December 31), commencing on September 30, 2018; provided, that upon a Sale Event (as defined in the Plan) all your then-unvested shares (to the extent not previously forfeited) shall vest. For the avoidance of doubt, the Company and the Board have reviewed and understands and accepts your academic and work experience, as the same has been provided to the Company by you. Accordingly, and assuming the accuracy of your academic and work experience, the definition of “Cause”, as applicable to any termination of your employment by the Company (whether under the Plan, your Restricted Stock Agreement or otherwise) shall not include, and shall not be triggered by, the Company’s or the Board’s assertion or belief that you lack requisite experience for your position. In addition to the foregoing equity grant, you shall be eligible for additional grants of Company common stock or options to acquire Company common stock at such time and on such terms as determined by the Company’s board of directors. ​ You shall also receive pre-emptive rights permitting you to preserve your vested equity position in the Company in the event of any additional issuances of Company common stock (or securities convertible into common stock), at a per-share price equal to then current fair market value, as reasonably determined by the Board in good faith. ​

  • Restricted Stock Agreement Each Award of Restricted Stock shall be evidenced by an Award Agreement that shall specify the Period of Restriction, the number of Shares granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. Unless the Committee determines otherwise, Shares of Restricted Stock shall be held by the Company as escrow agent until the restrictions on such Shares have lapsed.

  • Vesting Agreements LTIP Units may, in the sole discretion of the General Partner, be issued subject to vesting, forfeiture and additional restrictions on transfer pursuant to the terms of a Vesting Agreement. The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole discretion, subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Equity Incentive Plan, if applicable. LTIP Units that have vested under the terms of a Vesting Agreement are referred to as “Vested LTIP Units”; all other LTIP Units shall be treated as “Unvested LTIP Units.”

  • Execution of Award Agreement Please acknowledge your acceptance of the terms of this Agreement by electronically signing this Agreement.

  • Terms of Restricted Stock Units The grant of RSUs provided in Section 1 hereof shall be subject to the following terms, conditions and restrictions:

  • Stock Option Agreements The Corporation has entered into Stock Option Agreements with the following individuals: Option Number Name # Options Grant Date Options Canceled Options Outstanding 04-051 Xx, Xxx 10,000 5/4/2004 — 03-002 Xxxx, Xxx 325,000 12/16/2003 203,125 — 03-003 Xxxxxxxxx, Xxxx 650,000 12/16/2003 192,969 — 00-000 Xxxxxxxxxx, Xxxx 162,500 12/16/2003 162,500 04-003 X’Xxxxx, Xxxxxxx 8,000 2/5/2004 8,000 00-000 Xxxxxxxx, Xxxxxxxxx 30,000 2/5/2004 30,000 00-000 Xxxxxxxxx, Xxxxxxx 1,108,812 11/14/2003 — 00-000 Xxxxxxxxxx, Xxxxxxx 370,241 11/14/2003 — 03-007 Xxxxx, Xxxx Xxxxxx 304,374 11/14/2003 — 00-000 Xxxxxxxxxxxxxxxx, Xxxx 606,573 11/14/2003 — 03-004 Pitzele, Barnett 5,000 12/16/2003 1,000 — 04-001 Xxxxxxx, Xxxxxxxx 17,000 2/4/2004 17,000 00-000 Xxxxx, Xxxxxx 28,000 2/4/2004 25,725 04-004 Xxxxxxxxx, Xxxxxx 17,000 2/4/2004 17,000 04-072 Xxxxx, Xxxxx 10,000 8/12/2004 10,000 00-000 Xxxxxxxxx, Xxxxx 24,000 5/4/2004 24,000 04-071 Xxxxxxxx, Xxxxx 1,000 8/12/2004 — 04-103 Xxxxxx, Xxxxxxx 1,625,000 10/28/2004 1,625,000 04-101 Xxx, Xxxxxx 8,000 10/28/2004 8,000 — 04-102 XxXxxxxx, Xxxxx 8,000 10/28/2004 2,000 — 04-100 Xxxxxxx, Xxxxxxx 15,000 12/28/2004 15,000 — 05-01 Xxxxx, Xxxxx 10,000 12/6/2005 10,000 00-00 Xxxxxxxxxx, Xxxx 81,250 2/15/2006 81,250 06-04 Xxx, Xxxxxx 8,000 2/15/2006 8,000 — 06-05 XxXxxxxx, Xxxxx 8,000 2/15/2006 4,000 — 06-06 Xxxxxxx, Xxxxxxx 15,000 2/15/2006 15,000 — 06-01 Xx, Xxx 10,000 2/15/2006 7,500 — 06-03 Xxxxxxxx, Xxxxx 3,000 2/15/2006 2,469 — 06-07 X’Xxx, Xxxxx 570,000 2/15/2006 339,625 07-01 XxXxxxxx, Xxxxx 27,000 7/12/2007 23,625 — 07-08 Xxxxxx, Xxxxxxx 2,377,688 7/12/2007 2,377,688 07-07 X’Xxx, Xxxxx 830,941 7/12/2007 623,206 07-09 Xxxxxx, X. Xxxxxxxx 1,250,840 7/12/2007 1,250,840 00-00 Xxxxxxxxxx, Xxxx 356,653 7/12/2007 356,653 07-10 Xxxxxx, Xxxxx 500,336 7/12/2007 — 00-00 Xxxxxxxxxxxxxxxx, Xxxx 100,000 7/12/2007 100,000 07-12 Xxxxx, Xxxx Xxxxxx 540,790 7/12/2007 540,790 07-13 Xxxxxxxxxx, Xxxxxxx 660,491 7/12/2007 412,805 07-02 Xxxxxxx, Xxxxxxx 44,000 7/12/2007 8,250 — 07-03 Xxxxxxxxx, Xxxxx 16,000 7/12/2007 16,000 07-05 Xxxxxxxx, Xxxx 3,000 7/12/2007 3,000 10 07-04 Xxxxxxxxx, Xxxxxxxx 100,000 7/12/2007 62,500 07-14 Xxxxxxxx, Xxxxx 137,500 12/6/2007 137,500 00-00 Xxxxxxxxx, Xxxxxxx 8,000 12/6/2007 8,000 — 07-16 Xxxxxxx, Xxxxx 8,000 12/6/2007 8,000 — 08-01 Xxxxx, Xxxxx 60,000 2/7/2008 60,000 08-09 Xxxxxx, Xxxxxxx 3,040,081 5/8/2008 3,040,081 08-05 X’Xxx, Xxxxx 1,064,028 5/8/2008 1,064,028 08-06 Xxxxxx, X. Xxxxxxxx 950,025 5/8/2008 950,025 00-00 Xxxxxxxxxx, Xxxx 456,012 5/8/2008 456,012 08-07 Xxxxxx, Xxxxx 380,010 5/8/2008 23,751 356,259 08-02 XxXxxxxx, Xxxxxx X. 30,000 5/8/2008 30,000 08-03 Xxxxxxxxxx, Xxxx 10,000 5/8/2008 10,000 — 08-04 Xxxxxxxxx, Xxxx 10,000 5/8/2008 10,000 — 08-14 Xxxxxx, Xxxxxxx 1,295,640 12/3/2008 1,295,640 08-10 X’Xxx, Xxxxx 453,474 12/3/2008 453,474 08-11 Xxxxxx, X. Xxxxxxxx 404,888 12/3/2008 404,888 00-00 Xxxxxxxxxx, Xxxx 194,346 12/3/2008 194,346 08-12 Xxxxxx, Xxxxx 161,955 12/3/2008 60,734 101,221 08-26 Xxxxx, Xxxx Xxxxxx 167,891 12/3/2008 167,891 08-25 Xxxxxxxxxx, Xxxxxxx 204,715 12/3/2008 204,715 08-16 Xxxxxxxx, Xxxxx 82,500 12/3/2008 82,500 08-15 Xxxxxxxxx, Xxxxxxxx 120,000 12/3/2008 120,000 08-17 Xxxxxxx, Xxxxxxx 50,000 12/3/2008 50,000 — 08-18 Xxxxx, Xxxxx 36,000 12/3/2008 36,000 08-19 Xxxxxxxxx, Xxxx 24,000 12/3/2008 24,000 08-20 XxXxxxxx, Xxxxxx X. 18,000 12/3/2008 18,000 08-21 Xxxxxxxxx, Xxxx 6,000 12/3/2008 6,000 — 08-22 Xxxxxxxxxx, Xxxx 6,000 12/3/2008 6,000 — 08-23 Xxxxxxx, Xxxxx 4,800 12/3/2008 4,800 — 08-24 Xxxxxxxx, Xxxx 3,000 12/3/2008 3,000 09-01 Xxxxxxxx, Xxxxx 25,000 4/9/2009 25,000 00-00 XxXxx, Xxxxxxxx 45,000 4/9/2009 45,000 — 09-03 Xxxxxxxx, Xxxxxxxxx 75,000 4/9/2009 75,000 09-04 Xxxxxxxx, Xxxxxxxxx 75,000 12/2/2009 75,000 10-01 Xxxxxxxx, Xxxx 2,084,602 10/12/2010 2,084,602 10-02 Xxxxxxxx, Xxxx 1,765,398 10/12/2010 1,765,398 10-03 Xxxxxxxx, Xxxxxxxxx 25,000 11/30/2010 25,000 Option Number Name # Options Grant Date Options Canceled Options Outstanding 04-051 Xx, Xxx 10,000 5/4/2004 — 03-002 Xxxx, Xxx 325,000 12/16/2003 203,125 — 03-003 Xxxxxxxxx, Xxxx 650,000 12/16/2003 192,969 — 00-000 Xxxxxxxxxx, Xxxx 162,500 12/16/2003 162,500 00-000 Xxxxxxxxx, Xxxxxxx 1,108,812 11/14/2003 — 00-000 Xxxxxxxxxx, Xxxxxxx 370,241 11/14/2003 — 03-007 Xxxxx, Xxxx Xxxxxx 304,374 11/14/2003 — 00-000 Xxxxxxxxxxxxxxxx, Xxxx 606,573 11/14/2003 — 03-004 Pitzele, Barnett 5,000 12/16/2003 1,000 — 04-072 Xxxxx, Xxxxx 10,000 8/12/2004 10,000 00-000 Xxxxxxxxx, Xxxxx 24,000 5/4/2004 24,000 04-071 Xxxxxxxx, Xxxxx 1,000 8/12/2004 — 04-103 Xxxxxx, Xxxxxxx 1,625,000 10/28/2004 1,625,000 04-101 Xxx, Xxxxxx 8,000 10/28/2004 8,000 — 04-102 XxXxxxxx, Xxxxx 8,000 10/28/2004 2,000 — 04-100 Xxxxxxx, Xxxxxxx 15,000 12/28/2004 15,000 — 05-01 Xxxxx, Xxxxx 10,000 12/6/2005 10,000 00-00 Xxxxxxxxxx, Xxxx 81,250 2/15/2006 81,250 06-04 Xxx, Xxxxxx 8,000 2/15/2006 8,000 — 06-05 XxXxxxxx, Xxxxx 8,000 2/15/2006 4,000 — 06-06 Xxxxxxx, Xxxxxxx 15,000 2/15/2006 15,000 — 06-01 Xx, Xxx 10,000 2/15/2006 7,500 — 06-03 Xxxxxxxx, Xxxxx 3,000 2/15/2006 2,469 — 06-07 X’Xxx, Xxxxx 570,000 2/15/2006 339,625 07-01 XxXxxxxx, Xxxxx 27,000 7/12/2007 23,625 — 07-08 Xxxxxx, Xxxxxxx 2,377,688 7/12/2007 2,377,688 07-07 X’Xxx, Xxxxx 830,941 7/12/2007 623,206 07-09 Xxxxxx, X. Xxxxxxxx 1,250,840 7/12/2007 1,250,840 00-00 Xxxxxxxxxx, Xxxx 356,653 7/12/2007 356,653 00-00 Xxxxxxxxxxxxxxxx, Xxxx 100,000 7/12/2007 100,000 07-12 Xxxxx, Xxxx Xxxxxx 540,790 7/12/2007 540,790 07-13 Xxxxxxxxxx, Xxxxxxx 660,491 7/12/2007 412,805 07-02 Xxxxxxx, Xxxxxxx 44,000 7/12/2007 8,250 — 07-03 Xxxxxxxxx, Xxxxx 16,000 7/12/2007 16,000 07-05 Xxxxxxxx, Xxxx 3,000 7/12/2007 3,000 07-04 Xxxxxxxxx, Xxxxxxxx 100,000 7/12/2007 62,500 07-14 Xxxxxxxx, Xxxxx 137,500 12/6/2007 137,500 00-00 Xxxxxxxxx, Xxxxxxx 8,000 12/6/2007 8,000 — 07-16 Xxxxxxx, Xxxxx 8,000 12/6/2007 8,000 — 08-01 Xxxxx, Xxxxx 60,000 2/7/2008 60,000 08-09 Xxxxxx, Xxxxxxx 3,040,081 5/8/2008 3,040,081 08-05 X’Xxx, Xxxxx 1,064,028 5/8/2008 1,064,028 08-06 Xxxxxx, X. Xxxxxxxx 950,025 5/8/2008 950,025 00-00 Xxxxxxxxxx, Xxxx 456,012 5/8/2008 456,012 08-02 XxXxxxxx, Xxxxxx X. 30,000 5/8/2008 30,000 12 08-03 Xxxxxxxxxx, Xxxx 10,000 5/8/2008 10,000 — 08-04 Xxxxxxxxx, Xxxx 10,000 5/8/2008 10,000 — 08-14 Xxxxxx, Xxxxxxx 1,295,640 12/3/2008 1,295,640 08-10 X’Xxx, Xxxxx 453,474 12/3/2008 453,474 08-11 Xxxxxx, X. Xxxxxxxx 404,888 12/3/2008 404,888 00-00 Xxxxxxxxxx, Xxxx 194,346 12/3/2008 194,346 08-26 Xxxxx, Xxxx Xxxxxx 167,891 12/3/2008 167,891 08-25 Xxxxxxxxxx, Xxxxxxx 204,715 12/3/2008 204,715 08-16 Xxxxxxxx, Xxxxx 82,500 12/3/2008 82,500 08-15 Xxxxxxxxx, Xxxxxxxx 120,000 12/3/2008 120,000 08-17 Xxxxxxx, Xxxxxxx 50,000 12/3/2008 50,000 — 08-18 Xxxxx, Xxxxx 36,000 12/3/2008 36,000 08-19 Xxxxxxxxx, Xxxx 24,000 12/3/2008 24,000 08-20 XxXxxxxx, Xxxxxx X. 18,000 12/3/2008 18,000 08-21 Xxxxxxxxx, Xxxx 6,000 12/3/2008 6,000 — 08-22 Xxxxxxxxxx, Xxxx 6,000 12/3/2008 6,000 — 08-23 Xxxxxxx, Xxxxx 4,800 12/3/2008 4,800 — 08-24 Xxxxxxxx, Xxxx 3,000 12/3/2008 3,000 09-01 Xxxxxxxx, Xxxxx 25,000 4/9/2009 25,000 00-00 XxXxx, Xxxxxxxx 45,000 4/9/2009 45,000 — 09-03 Xxxxxxxx, Xxxxxxxxx 75,000 4/9/2009 75,000 09-04 Xxxxxxxx, Xxxxxxxxx 75,000 12/2/2009 75,000 10-01 Xxxxxxxx, Xxxx 2,084,602 10/12/2010 2,084,602 10-02 Xxxxxxxx, Xxxx 1,765,398 10/12/2010 1,765,398 10-03 Xxxxxxxx, Xxxxxxxxx 25,000 11/30/2010 25,000

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • Forfeiture of Restricted Stock Units Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”

  • 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.

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