New Hire Equity Grant. In addition, if you join the Company, it will be recommended at the first meeting of the Company’s Board of Directors or its Compensation Committee following your Hire Date, that the Company grant you options to purchase 450,000 shares of the Company’s common stock with an exercise price per share equal to the closing price of the common stock on the date of grant (the “Option”). The Option will be granted pursuant to the Company’s 2017 Inducement Plan as an inducement grant. The option will vest and become exercisable as follows: subject to you continuing employment with the Company through each vesting date, 25% of the shares of common stock subject to the award of the Option shall vest on the first anniversary of the vesting commencement date (your Hire Date) and 1/48th of the total shares granted shall vest and become exercisable monthly following such anniversary such that the entire award shall be vested and exercisable on the fourth anniversary of the vesting commencement date. The Option shall be subject to the other terms and conditions set forth in the Company’s 2017 Inducement Plan and the Company’s standard form of Nonstatutory Stock Option Agreement. You should consult with your own tax advisor concerning the risks associated with accepting the Option.
New Hire Equity Grant. In addition, if you join the Company, it will be recommended at the first meeting of the Company’s Board of Directors or its Compensation Committee following your Hire Date, that the Company grant you options to purchase 60,000 shares of the Company’s common stock with an exercise price per share equal to the closing price of the common stock on the date of grant (the “Option”). The option will vest and become exercisable as follows: subject to you continuing employment with the Company through each vesting date, 25% of the shares of common stock subject to the award of the Option shall vest on the first anniversary of the vesting commencement date (your Hire Date) and 1/48th of the total shares granted shall vest and become exercisable monthly following such anniversary such that the entire award shall be vested and exercisable on the fourth anniversary of the vesting commencement date. The Option will be an incentive stock option to the maximum extent allowed by the tax code and shall be subject to the other terms and conditions set forth in the Company’s 2014 Equity Incentive Plan and the Company’s standard form of Stock Option Agreement. You should consult with your own tax advisor concerning the risks associated with accepting the Option.
New Hire Equity Grant. Subject to approval by the Compensation Committee and the occurrence of the Effective Date, Executive shall be granted a quantity of RSUs by which the underlying shares will have a fair market value on the date of grant equal to $5,000,000 (the “New Hire Equity Grant”).
New Hire Equity Grant. Charlotte’s Web is also prepared to offer a $535,000.00 (USD) equity grant in the form of 50 percent restricted stock awards and 50 percent stock options. The awards shall vest over a period of three years with 1/3 of grant vesting per year and will commence on date of hire. At grant value is the common accounting valuation model known as Black-Scholes used to determine the at grant value. The Black-Scholes model is the system over record used to determine the number of stock options at the time of grant and is subject to change with each grant offering. The price of restricted stock awards are determined on Fair Market Value which means, on a per share basis the principle market price based on common national securities exchange or trading market, the official closing price per share for the regular market session on the date of principle exchange. If the employee’s employment is terminated all unvested shares and options will forfeit.
New Hire Equity Grant. Notwithstanding the generality of the foregoing, on June 15, 2023, Executive shall receive from Capri an equity grant valued at approximately $3,500,000 based on the closing price of CPRI ordinary shares on the New York Stock Exchange on the date of grant in accordance with, and subject to, the terms and conditions of the Omnibus Incentive Plan, and the applicable award agreement. Such equity grant shall be comprised 100% of time-based RSUs of Capri that will vest in equal installments over three (3) years on each anniversary of the grant date.
New Hire Equity Grant. The Company will grant the Employee One Million Two Hundred Thousand (1,200,000) non-qualified stock options to purchase the Company’s common stock with an exercise price of $0.44 (USD) which is the closing price of (CWBHF) on Friday, June 17, 2022, rounded up to the next full xxxxx. The awards shall vest over a period of two years with 50% of grant vesting on June 18, 2023, and the remaining 50% vesting on June 18, 2024. These options will expire ten (10) years after their grant date. [Certain information indicated by [***] has been excluded from this Exhibit 10.1 because it is not material.]
New Hire Equity Grant. In addition to the compensation and benefits described above, the Company will grant you options to purchase 400,000 shares of the Company’s common stock. The foregoing stock option award will be subject to all applicable Company policies and the Company’s 2017 Inducement Plan and will be subject to the Company’s standard form of stock option agreement for option awards under that plan. Of the shares of common stock subject to the stock option, 25% shall vest on the first anniversary of the vesting commencement date and 1/36th of the remainder of the award will vest monthly thereafter such that the entire award shall be vested and exercisable on the fourth anniversary of the vesting commencement date. If you experience a Covered Termination prior to the first anniversary of the Hire Date, other than during a Change in Control Period, and if you deliver to the Company a general release of all claims against the Company and its affiliates that becomes effective and irrevocable within 60 days, or such shorter period of time specified by the Company, following such Covered Termination, then in addition to any benefits provided under the CIC Agreement, then 25% of the shares subject to the foregoing option grant shall be deemed fully vested upon termination and exercisable as of the date such release becomes effective.
New Hire Equity Grant. As an inducement for Executive to enter employment with the Company, on or as soon as reasonably practicable following the Effective Date and the filing of a Registration Statement on Form S-8 with respect to the Inducement Awards (defined below), the Company shall grant to Executive the option award and performance share unit award attached hereto as Exhibit A and Exhibit B, respectively (the “Inducement Awards”).
New Hire Equity Grant. Following the hiring of the Employee, the Employee will receive a one-time New Hire Equity Grant amount of approximately 250’000 USD in value, consisting of 100% RSU’s, from Columbia Sportswear Company. The terms of this Equity Grant arrangement, including granting, vesting, blockage and leaver provisions shall be determined and set out in a separate document, at time of grant, to be signed by the parties.
New Hire Equity Grant. Upon hire you will receive a one-time grant of restricted stock units having a value of $275,000 on the date of grant, that will vest over three years (34%, 33%, 33%) at the end of each anniversary of your employment date and shall be subject to the terms of the Stock Plan and award agreement in the form established by the Compensation Committee, as well as the terms of the Company’s Equity Award Grant Policy.
