Long-Term Equity Incentives. In connection with the Company’s long term incentive plan as established by the Board (or a committee of directors to whom such responsibility has been delegated by the Board) on a rolling three year basis:
Long-Term Equity Incentives. Effective each January 1st during the Term, the Company shall grant Executive an annual equity award under the Company’s 2010 Stock Incentive Program (or any successor plan or arrangement thereof) having a value approximately equal to 40% of Base Salary (or such higher percentage of Base Salary as determined by the Compensation Committee in its discretion) on such date (the “Annual Equity Grant”). Commencing on January 1, 2021 and on each January 1 thereafter during the Term, fifty-percent (50%) of each Annual Equity Grant shall be in the form of time-vested restricted stock units (“RSUs”), and fifty-percent (50%) shall be in the form of performance-based restricted stock units (“PBRSUs”). In the event of the termination of Executive’s employment with the Company by the Company without Cause, by Executive for Good Reason, or as a result of Executive’s death or Disability, and subject to the Executive’s (or his legal representative’s execution in the case of death) executing and not revoking the Release contemplated in Section 6.3, any outstanding time-vested Annual Equity Grants awarded pursuant to this Section 4.3 shall immediately vest and any outstanding performance vested Annual Equity Grants awarded pursuant to this Section 4.3 shall vest on their normal vesting date to the extent the applicable performance criteria are realized. In the event of a Change in Control, all of such outstanding Annual Equity Grants shall immediately vest provided Executive is actively employed by the Company on the closing date of such event.”
Long-Term Equity Incentives. During the Term, Executive shall be eligible for stock-based awards under the Company’s long-term incentive plan, as determined by the Board (or a committee of directors to whom such responsibility has been delegated by the Board) in its sole
Long-Term Equity Incentives. Prior to our IPO, we maintained an equity incentive plan, the 2012 Stock Option Plan of TCS Holdings, Inc. (the ‘‘2012 Stock Option Plan’’), pursuant to which, on June 20, 2012, we granted stock options to Xx. xxx Xxxxxxx, Xx. Xxxxxx and Xx. Xxxxx. Like the stock options granted under the 2012 Stock Option Plan to our other employees, such stock options were originally scheduled to vest in equal installments over five years from the date of grant, but the vesting of all the stock options granted under the 2012 Stock Option Plan was fully accelerated as of the consummation of our IPO. Xx. Xxxxxx’x and Xx. Xxxxx’x stock options under the 2012 Stock Option Plan are shown in the Fiscal 2015 Outstanding Equity Awards at Fiscal Year-End Table below. Xx. xxx Xxxxxxx exercised all his stock options under the 2012 Stock Option Plan in 2014 so they are not shown in the table. Neither of the other named executive officers was granted any stock options under the 2012 Stock Option Plan in light of their pre-existing ownership of our common and preferred stock. As of our IPO, no further stock options have been or will be granted under the 2012 Stock Option Plan. Upon our IPO, we adopted, and our shareholders approved, our 2013 Incentive Award Plan, which permits the granting of stock based compensation awards and cash based performance bonus awards. The principal purpose of the 2013 Incentive Award Plan is to attract, retain and motivate selected employees, consultants and directors through the granting of stock-based compensation awards and cash-based performance bonus awards. The 2013 Incentive Award Plan is also designed to permit us to make equity-based awards and cash-based awards intended to qualify as ‘‘performance-based compensation’’ under Section 162(m) of the Internal Revenue Code of 1986, as amended (the ‘‘Code’’). The 2013 Incentive Award Plan provides for the grant of, among other awards, stock options, stock appreciation rights, or SARs (as defined below), restricted stock awards, restricted stock unit awards, deferred stock awards, deferred stock unit awards, dividend equivalent awards, stock payment awards, performance awards and other stock based awards. In connection with our IPO, we granted stock options to certain of our employees, including the stock options granted to the named executive officers shown in the Fiscal 2015 Outstanding Equity Awards at Fiscal Year-End table below. All such stock options were immediately vested and exercisable as of t...
Long-Term Equity Incentives. (i) During the first quarter of 2016, the Company will grant Executive restricted stock or RSUs having a grant fair market value of $250,000 that will vest in equal annual installments on the first three anniversaries of the grant date, subject to Executive’s continuing employment (except as otherwise provided in Sections 5(a), 5(b) or 5(e)) and the terms and conditions of the Equity Compensation Plan and the applicable award agreement.
Long-Term Equity Incentives. The Agreements would provide for a specified annual equity incentive grant as a percentage of annual salary.
Long-Term Equity Incentives. Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether Employee should be granted shares of restricted stock, performance-based equity grants and/or options to purchase shares of common stock of CBSI. Such review shall be conducted pursuant to the terms of the Community Bank System, Inc. 2022 Long-Term Incentive Plan, a successor plan, or otherwise, as the Compensation Committee shall determine in its sole discretion. Reviews shall be conducted no less frequently than annually.
Long-Term Equity Incentives. Executive will be eligible for equity incentive grants as determined by the Board in its sole discretion from time to time. Notwithstanding the foregoing, on or as soon as reasonably practicable following the Effective Date, Executive will receive (a) an option to purchase up to 60,900 shares of the Company’s common stock, at an exercise price per share equal to fair market value on the date of grant (the “Promotion Option”), and (b) 10,200 restricted stock units (the “Promotion RSUs”), in each case, subject to the terms and conditions of the Gain Therapeutics Inc. 2022 Equity Incentive Plan (the “2022 Plan”) and the applicable award agreements thereunder. Subject in each case to Executive’s Continuous Service (as defined in the 2022 Plan) through each applicable vesting date, (i) the Promotion Option will vest and become exercisable 25% on the first anniversary of the Effective Date, with the remaining balance vesting and becoming exercisable in substantially equal monthly installments over the three (3) years thereafter on the same day of the month as the Effective Date, and (ii) the Promotion RSUs will vest 25% on the first anniversary of the Effective Date, with the remaining balance vesting in substantially equal quarterly installments every three (3) months over the three (3) years thereafter on the same day of the month as the Effective Date. Gain Therapeutics, Inc. - 4000 Xxxxxxx Xx, Xx 000, Xxxxxxxx, XX 00000 P: +0 000-000-0000 wxx.xxxxxxxxxxxxxxxx.xxx
Long-Term Equity Incentives. On the Effective Date, Employee shall receive an award of nonqualified stock options to purchase THIRTEEN MILLION (13,000,000) shares of the Company’s common stock, exercisable at a price equal to the sixty (60) day trailing quoted price of the common stock of the Company in the over-the-counter markets (OTC market). Vesting of these options shall be as follows: 3,000,000 shares to vest immediately upon grant of the option award; and 1,250,000 shares to vest on each 6 month anniversary of the Effective Date Any options described in this Agreement or as later offered to Employee shall be granted pursuant to and treated subject to the terms of that certain ZIVO Bioscience 2019 Omnibus Long-Term Incentive Plan (the “Plan”), or a successor plan thereto.
Long-Term Equity Incentives. Subject to the approval of the Compensation Committee, the Executive will be eligible to receive equity incentive awards pursuant to the terms and conditions of any equity incentive plan maintained by the Parent and any award agreement.
