Share Incentive Sample Clauses

Share Incentive. The Company does not have in existence nor is proposing to introduce any share incentive scheme, share option scheme or profit-sharing scheme for all or any of its directors or employees.
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Share Incentive. (i) The Company agrees to issue to the Consultant, as soon as practicable after the Commencement Date, Fifty Thousand (50,000) shares of the Company’s Common Stock (the “Initial Shares”), which shall vest on the 12-month anniversary of the Commencement Date. In the event of the Consultant’s termination of this Agreement for Good Reason or the Company’s termination of the Consultant’s services under this Agreement for Cause due to Consultant’s failure to comply with Section 2 hereof, Consultant shall be entitled to keep such Initial Shares, subject to the vesting schedule provided in this Section 4(c)(i). The terms and conditions of the grant of the Initial Shares shall be further set forth in a grant agreement by and between the Consultant and the Company. (ii) As soon as practicable after the Consultant’s appointment as the Full-Time Chief Financial Officer and the Consultant’s resignation from all other employment and/or officer positions with all other entities pursuant to Section 2(b)(ii) of this Agreement, the Company agrees to grant 100,000 shares of Common Stock of the Company (the “Supplemental Shares”) to the Consultant, with 50,000 of such Supplemental Shares to vest on the one year anniversary of the Consultant’s appointment as the Full-Time Chief Financial Officer by the Company’s Board of Directors and 50,000 of such Supplemental Shares to vest on the two-year anniversary of the Consultant’s appointment as the Full-Time Chief Financial Officer by the Company’s Board of Directors. The Consultant acknowledges and agrees that if the Company’s Common Stock is listed or quoted on a stock exchange or automated dealer quotation system at the time of the Company is required to grant the Supplemental Shares pursuant to this Section 4(c)(ii), the Company’s grant of the Supplemental Shares may be subject to the rules of such exchange or quotation system which the Company will be required to follow. The terms and conditions of the grant of the Supplemental Shares shall be further set forth in a grant agreement by and between the Consultant and the Company. (iii) The Consultant represents, acknowledges and agrees that: (A) the Initial Shares and Supplemental Shares are being offered and sold under one or more of the exemptions from registration provided for in Section 4(2) of the Securities Act of 1933, as amended (the “1933 Act”), including Regulation D promulgated thereunder, and any applicable state securities laws, (b) the Initial Shares and Supplement...
Sample 1
Share Incentive. BONUS SCHEMES ETC ---------------------------------- The Company does not have in existence and is not proposing to introduce any share incentive scheme, share option scheme or profit sharing scheme for all or any part of its directors or employees.
Sample 1
Share Incentive. The Company shall issue to the Consultant at the end of each year, One hundred and sixteen thousand six hundred and sixty seven (116,667) shares of the Common Stock of the Company, free, for the next two years and One hundred and sixteen thousand six hundred and sixty six (116,666) in the third year. A total of Three hundred and fifty thousand (350,000) shares.
Sample 1

Related to Share Incentive

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Equity Incentive Subject to the terms of any applicable agreement, [a] the Executive may exercise any outstanding stock options that are vested when the Executive became Disabled and [b] those that would have been vested on the last day of the fiscal year during which the Executive becomes Disabled if the Executive had not become Disabled.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Equity Incentive Plans Each stock option granted by the Company under the Company’s equity incentive plan was granted (i) in accordance with the terms of the Company’s equity incentive plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s equity incentive plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

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