Incentive Equity Grants. The Executive is eligible to receive incentive equity grants under the Company’s new equity compensation program for senior executives, subject to the terms of such program as in effect from time to time and with any grants under such program in the discretion of the Board or the Committee.
Incentive Equity Grants. Subject to the approval of the Board, and effective on the Start Date, you will be granted: (a) a nonqualified stock option to purchase 572,435 of shares of the Company's Common Stock (the “Incentive Equity Option”); and (b) 286,215 Restricted Stock Units (“Incentive Equity RSUs”), each under the Company's 2011 Equity Plan. The vesting schedule for each of the Incentive Equity Option and the Incentive Equity RSUs shall be as follows:
Incentive Equity Grants. The Executive shall be eligible to receive incentive equity awards under the Company’s executive incentive plans or programs (such plan or program, an “LTI Plan”). Any actual awards under an LTI Plan (“LTI Awards”) are discretionary and will be subject to the Board’s assessment of the Executive’s performance, as well as business conditions at the Company. Any LTI Awards will be subject to approval by and adjustment at the discretion of the Board or Compensation Committee and the terms of any applicable LTI Plan. As with the annual bonus, the Board expects to review the Executive’s job performance on an annual basis and will discuss with the Executive the criteria which the Board will use to assess the Executive’s performance for LTI Plan purposes. The Board or Compensation Committee also may make adjustments in the targeted amount of any LTI Awards.
Incentive Equity Grants. (i) In connection with the commencement of the Executive’s employment with the Company and Holdco, subject to Board or Compensation Committee approval prior to the Effective Date, the Executive will receive a one-time grant of options (the “Options”) on the Effective Date to acquire 100,000 shares of Holdco’s common stock, with an exercise price equal to the closing price of a share of Holdco common stock on the date the Options are granted. Twenty percent (20%) of the Options will vest on each of the first five anniversaries of the Effective Date, subject to the Executive’s continuous employment with Holdco and/or the Company from the Effective Date through the applicable vesting date. The Options will be granted under and subject to the terms of the Company’s Amended and Restated 2012 Omnibus Equity Incentive Plan and a stock option agreement that is substantially similar to the form used to evidence grants to peer executives (as defined above).
Incentive Equity Grants. Executive shall be eligible to receive discretionary equity grants (“Equity Grants”) under the Columbia Care Inc. Omnibus Long-Term Incentive Plan, as may be amended from time to time (“Omnibus Plan”), based upon achievement of corporate and individual goals. The current annual target for Executive is One Million Seven Hundred and Fifty Thousand US Dollars ($1,750,000.00). Such Equity Grants are subject to all of the terms and conditions of the Omnibus Plan. The vesting schedule, exercise timing and price per unit (as defined in the applicable award agreement) will be determined in accordance with the Omnibus Plan. Executive should consult with a tax advisor concerning the tax risks associated with accepting the Equity Grants.
Incentive Equity Grants. During the Employment Term, at the discretion of the Board or the Committee, the Executive shall be eligible to receive incentive equity grants under Holdco’s equity compensation program for senior executives, subject to the terms of such program as in effect from time to time and with any grants under such program in the discretion of the Board or the Committee.
Incentive Equity Grants. During the Employment Term, at the discretion of the Board or the Committee, the Executive shall be eligible to receive incentive equity grants under Holdco’s equity compensation program for senior executives, subject to the terms of such program as in effect from time to time and with any grants under such program in the discretion of the Board or the Committee. It is acknowledged and agreed that the target value for such annual grant is expected to be equal to four hundred fifty thousand dollars ($450,000.00), which value will be determined consistent with Holdco’s process for determining grants to other senior executives.
Incentive Equity Grants. Employee shall be eligible to receive discretionary equity grants ("Equity Grants") under the Company’s Omnibus Long-Term Incentive Plan, as may be amended from time to time ("Omnibus Plan"), based upon achievement of corporate and individual goals. Such Equity Grants are subject to all of the terms and conditions of the Omnibus Plan and any applicable award documents. The vesting schedule, exercise timing and price per unit (as defined in the applicable award agreement) will be determined in accordance with the Omnibus Plan and any applicable award documents. Employee should consult with a tax advisor concerning the tax risks associated with accepting the Equity Grants. The Employee’s target annual Equity Grant as of the Effective Date is One Million Three Hundred Thousand US Dollars ($1,300.000).
Incentive Equity Grants. Notwithstanding anything to the contrary in the applicable Company equity incentive plan or in any applicable written award agreement, the Executive shall continue to vest in all outstanding stock options and other stock-based awards of the Company held by the Executive as of the Effective Date (“Equity Awards”). The Equity Awards shall otherwise remain subject in all respects to the applicable Company equity incentive plan and any the applicable written award agreements between the Executive and the Company governing such Equity Awards (collectively, the “LTI Documents”).
Incentive Equity Grants. Subject to the approval of the Board, and effective on the Start Date, you will be granted: (a) a nonqualified stock option to purchase 572,435 of shares of the Company's Common Stock (the “Incentive Equity Option”); and (b) 286,215 Restricted Stock Units (“Incentive Equity RSUs”), each under the Company's 2011 Equity Plan. The vesting schedule for each of the Incentive Equity Option and the Incentive Equity RSUs shall be as follows: (1)20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company's Common Stock during the immediately preceding 90-day period is $10 or more; (2)20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company's Common Stock during the immediately preceding 90-day period is $15 or more; (3)20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company's Common Stock during the immediately preceding 90-day period is $20 or more; (4)20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company's Common Stock during the immediately preceding 90-day period is $25 or more; and (5)20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company's Common Stock during the immediately preceding 90-day period is $30 or more. Notwithstanding the foregoing, in the event of a Change in Control, the price at which the Company's Common Stock is valued in such transaction shall be substituted for the 90-day weighted average stock price of the Company's Common Stock for purposes of determining your entitlement, if any, to receive any vesting of Incentive Equity Options and Incentive Equity RSUs. The exercise price of the Incentive Equity Option shall be the closing price of the Company's common stock on the Nasdaq Global Select Market on the Start Date.
