Equity Plan Compensation Sample Clauses

Equity Plan Compensation. Upon the Management Company’s issuance of a Class A Option, the Management Company shall be granted a corresponding Operating Company Option. Upon the Management Company’s issuance of shares of Class A Common Stock in connection with the exercise of a Class A Option, the Management Company shall be deemed to exercise the corresponding Operating Company Option and the Management Company will contribute the exercise price of the corresponding Class A Option to the Operating Company. The Management Company shall be entitled to receive one Common Membership Unit upon exercise of an Operating Company Option in exchange for the remitted exercise price of the corresponding Class A Option. In the event there is any stock split, distribution, dividend, combination (as set forth in Articles 5.13 and 5.14 of the Management Company Certificate) or similar transaction related to the Class A Common Stock in which there is not an identical combination or split or similar transaction related to the Membership Units, the number of Common Membership Units that the Management Company will be entitled to receive in connection with the exercise of a Class A Option shall be adjusted as equitably required so as to not enlarge or dilute the purposes of this provision. Whenever any distributions are to be made to Members with respect to a Fiscal Year pursuant Section 11.1 above (but not Sections 11.2 or 11.4), the Operating Company shall make a payment to (i) each holder (who is then an employee of the Operating Company) of unexercised Class A Options which are vested at that time and/or (ii) each holder of Class A Common Stock who is then an employee of the Operating Company an amount of cash that equals the “Equivalent Amount” with respect to each such holder, less any applicable tax withholdings. The Equivalent Amount shall be that amount which equals the product of (i) the aggregate distribution that the Management Company proposes to make to the Members pursuant to Section 11.1 above (before payments pursuant to this Section 15.4 and distributions pursuant to Section 11.5) multiplied by (ii) the percentage determined by dividing (x) the number of shares of Class A Common Stock that such holder owns or could acquire pursuant to the exercise of the holder’s vested Class A Options by (y) the sum of the Total Outstanding Shares plus the number of shares of Class A Common Stock that would be issued if all vested and unexercised Class A Options were then exercised. Such payment sha...
Sample 1
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Equity Plan Compensation. Upon the Management Company’s issuance of shares of Class A Common Stock in connection with the exercise of Class A Options and contribution of the proceeds from the exercise of such Class A Options, the Operating Company shall issue to the Management Company a number of Membership Units determined by the Membership Unit Exchange Rate then in effect based on the number of shares of Class A Common Stock to the number of shares of Class A Common Stock issued in connection with the exercise of such Class A Options.
Sample 1

Related to Equity Plan Compensation

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • 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.

  • 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.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • 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.

  • Equity Incentive Compensation During the term of employment hereunder the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Parent and its subsidiaries, in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) any plan providing for the granting of (a) options to purchase stock of the Parent, (b) restricted stock of the Parent or (c) similar equity-based units or interests.

  • Equity Compensation Executive will continue to be eligible to receive stock and option grants, and other equity compensation awards (“Awards”), as determined by the Board or any committee thereof in the Board’s or such committee’s sole discretion.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

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