Incentive Award Plan Sample Clauses
An Incentive Award Plan clause establishes a framework for rewarding employees or participants based on the achievement of specific performance goals or milestones. Typically, this clause outlines the criteria for earning incentives, such as meeting sales targets, project completion, or other measurable objectives, and details the form and timing of the awards, which may include cash bonuses, stock options, or other benefits. Its core practical function is to motivate and align the interests of participants with organizational goals, thereby enhancing performance and productivity.
Incentive Award Plan. In consideration of the promises and covenants contained in this Agreement, and other good valuable consideration, the Company and the Employee hereby agrees as follows:
Incentive Award Plan. During the Employment Period, the Executive shall be eligible to participate in the Cipher Mining Inc. 2021 Incentive Award Plan (as amended from time to time, the “Incentive Award Plan”) pursuant to the terms and conditions of the Incentive Award Plan and any award agreement thereunder. Any grant made to the Executive pursuant to the Incentive Award Plan shall be subject to approval by the Board or the Compensation Committee.
Incentive Award Plan. The Executive will be granted an incentive award of 87,500 Stock-settled Stock Appreciation Rights (SSARs) and 25,000 Restricted Stock Units (RSUs) under the Company’s Incentive Award Plan. The awards will be eligible for vesting over a four-year period, based upon the achievement of predefined Company performance metrics, and shall be subject to such other terms and conditions as are established by the Board.
Incentive Award Plan. The Staking RSU Award shall be granted and subject to the terms and conditions of the Camping World Restricted Stock Unit Award Grant Notice, which shall provide for the Staking RSU’s to vest in equal installments with respect to one-third of the total number of Staking RSU’s on each of the first three anniversaries of the grant date.
Incentive Award Plan. During the Employment Period, the Executive shall be eligible to participate in the Incentive Award Plan pursuant to the terms and conditions of the Incentive Award Plan and any award agreement thereunder. Any grant made to the Executive pursuant to the Incentive Award Plan shall be subject to approval by the Board or the Compensation Committee.
Incentive Award Plan. Prior to and in connection with the Closing, Acquiror shall approve and adopt (x) an incentive award plan in the form attached hereto as Exhibit E (with such changes as may be agreed in writing by Acquiror and the Company) (the “Incentive Award Plan”) and (y) the form Restricted Stock Unit Agreement attached hereto as Exhibit F, and the form Option Award Agreement attached hereto as Exhibit G (with such changes that may be agreed in writing by Acquiror and the Company). As soon as reasonably practicable following the expiration of the sixty (60) day period following the date Acquiror has filed current Form 10 information with the SEC reflecting its status as an entity that is not a shell company, Acquiror shall file an effective registration statement on Form S-8 (or other applicable form, including Form S-3) with respect to the Domesticated Acquiror Class A Common Stock issuable under the Incentive Award Plan, and Acquiror shall use reasonable best efforts to maintain the effectiveness of such registration statement(s) (and maintain the current status of the prospectus or prospectuses contained therein) for so long as awards granted pursuant to the Incentive Award Plan remain outstanding.
Incentive Award Plan. The Employee will be granted an incentive award of 2,500 Restricted Stock Units (RSUs) under the Company’s Incentive Award Plan. The awards will be subject to vesting based upon the achievement of predefined Company performance metrics, and shall be subject to such other terms and conditions as are set forth in the agreements governing such awards.