Share Incentive Plans. Each stock option granted by the Company under the Company’s share incentive plans was granted (i) in accordance with the terms of the Company’s share incentive plans 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 share incentive plans 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.
Share Incentive Plans. The share incentive plans of Wellsford and EQR, respectively, shall be terminated or continued, as specifically set forth in the Articles of Merger.
Share Incentive Plans. (a) The Company shall grant the Executive: On the Service Commencement Date, or as soon as practicable after, subject to the rules of the CSE the Executive will be granted an option to purchase 5% of the issued and outstanding common shares of the Company (the “Initial Grant”) at an exercise price per share equal to the closing market price of the Company’s common shares on the day prior to the date of the Initial Grant. The Initial Grant shall be fully vested. Thereafter, subject to the rules of the CSE, and the terms and provisions of the Company’s stock option plan, upon subsequent issues of common stock of the Company, the Executive will be granted an option to purchase additional shares to maintain the option to purchase 5% of the issued and outstanding shares of the Company (the “Subsequent Grants”).
(b) The Initial Grant and each Subsequent Grant shall have an exercise price per share equal to the closing market price of the Company’s common shares on the day prior to the date of the Grant, be fully vested upon issue, with expiry terms as determined by the Board and in accordance with the provisions of the Company’s stock option plan, the rules of the CSE in effect as of the date of each grant, and any relevant stock option agreements governing the options. The Initial Grant and each Subsequent Grant shall hereinafter be collectively referred to as the “Option Commitment”.
(c) The Company shall permit the Executive to participate in any other incentive compensation plan, retirement plan or similar plan offered by the Company from time to time to its senior executives generally in the manner and to the extent authorized by the Board.
Share Incentive Plans. To the extent that a Transferred Employee holds any unvested stock options or other equity-based awards in Seller common stock (Seller Equity Awards) as of the Closing, the Seller shall take all actions to cause such Seller Equity Awards to become vested as follows: (A) with respect to any Seller Equity Award that is subject to time or service-based vesting conditions, the Seller Equity Award shall vest early as a result of Closing and be time pro-rated to take account of the reduced period of time, as a proportion of the original vesting period, that the relevant Transferred Employee worked within the Seller’s Group (calculated on the basis of the number of years of service as at the Closing Date, where part years of service are rounded up); (B) with respect to any Seller Equity Award that is subject to performance-based vesting conditions where the Seller is able to reasonably determine performance, the Seller Equity Award shall vest early as a result of Closing based on the Seller’s determination of performance to the Closing Date and be time pro-rated to take account of the reduced period of time, as a proportion of the original vesting period, that the relevant Transferred Employee worked within the Seller’s Group (calculated on the basis of the number of years of service as at the Closing Date, where part years of service are rounded up); and (C) with respect to any Seller Equity Award that is subject to performance-based vesting conditions for which the Seller is unable to determine performance, the Seller Equity Award shall vest early as a result of Closing based on the Seller’s reasonable determination of performance conditions at target level and be time pro-rated to take account of the reduced period of time, as a proportion of the original vesting period, that the relevant Transferred Employee worked within the Seller’s Group (calculated on the basis of the number of years of service as at the Closing Date, where part years of service are rounded up). To the extent that a Transferred Employee forfeits any stock options or other equity-based awards granted (or to which such Transferred Employee would otherwise have been entitled under the Seller’s Leveraged Share Savings Plan in Switzerland or the Seller’s Employee Share Ownership Plans in Switzerland and the United Kingdom) under any Benefit Plan as a consequence of becoming a Transferred Employee, the Purchaser shall, or shall cause its Affiliates to, grant such Transferred Employee cash or eq...
Share Incentive Plans. Each stock option granted by the Company under the Company’s share incentive plans was granted in accordance with the terms of the Company’s share incentive plans. No stock option granted under the Company’s share incentive plans 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.
Share Incentive Plans. In consideration of the Offeror agreeing to make the Offer, I undertake, agree and represent to and with the Offeror in the following terms:
Share Incentive Plans. The share incentive plans of EWR shall be discontinued as specifically set forth in the Articles of Merger.
Share Incentive Plans. 5. The 2024 Second Share Incentive Plan” in Appendix IV to the Hong Kong Prospectus;
Share Incentive Plans. Each Ordinary Share issued by the Company under the Company’s share incentive plans was issued in accordance with the terms of the Company’s share incentive plans. Each share option granted by the Company under the Company’s share incentive plans was granted (i) in accordance with the terms of the Company’s share incentive plans and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under GAAP and applicable law. No Ordinary Share or share option issued or granted under the Company’s share incentive plans has been backdated. The Company has not knowingly issued or granted, and there is no and has been no Company policy or practice to knowingly issue or grant, Ordinary Shares or share options prior to, or otherwise knowingly coordinate the issuance of Ordinary Shares or grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.
Share Incentive Plans. Each share option granted by the Company under the Company’s share incentive plan was granted (i) in accordance with the terms of the Company’s share incentive plan and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under GAAP and applicable law. No share option granted under the Company’s share 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, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.
