Sign-on Incentive. An additional incentive to Employee for signing this agreement shall be options to purchase Company's stock if a public offering is consummated as follows; on signing, 100,000 options at a price of $.05 cents per share, at the beginning of year 2, 100,000 options at a price of $.15 cents per share, and at the beginning of year 3, 100,000 options at a price of $.75 per share. Options shall be considered vested, and fully exercisable, when issued. This paragraph is in addition to any compensation referred to in section (4) of this agreement.
Sign-on Incentive. Subject to the approval of the Board or a committee, Executive shall be eligible for a one-time grant of 130,000 (ONE HUNDRED THIRTY THOUSAND) RSUs under the Company’s Plan as an inducement to accept the Company’s offer of employment as governed by this Agreement. The Company will recommend to the Board of Directors that such RSUs vest over a 12-month period from date of grant, provided, however, that the final terms and conditions of such grant shall be subject to the approval of the DocuSign Envelope ID: D37FD076-2D10-462F-8CA2-1DAD39A25A5F
Sign-on Incentive. We are offering you an award of restricted Cambridge Trust stock with a total value of $140,000 (35% of base) to be issued after 90 days of employment and vesting over a period of three years from date of issuance.
Sign-on Incentive. The Executive shall receive a sign-on equity award of restricted share units equivalent to $1,050,000. Such sign-on equity award (i) shall be granted as soon as practical on or after the Effective Date upon approval of the Board, (i) will vest in equal installments over a three-year vesting period, with the first vesting occurring on the first anniversary of the Effective Date, and (iii) will be subject to such other criteria as established by the Board.
Sign-on Incentive. The Executive shall be granted 5% of the fully diluted outstanding shares of the firm in restricted stock or stock options equivalents of the same value upon commencement, March 29, 2016.
Sign-on Incentive. Executive shall receive a one-time grant of restricted stock units valued at $215,000 using a trailing 30-day volume weighted average price (“VWAP”) under the Company’s Plan, and vesting on the one-year anniversary of this xxxxx’x xxxxx date as an inducement to accept the Company’s offer of employment as governed by this Agreement. Such one-time grant is subject to the approval of the Company’s Board of Directors (such approval shall not be unreasonably withheld) and the Plan’s terms and conditions, as well as the terms and conditions of the one-time grant. 6.
Sign-on Incentive. In recognition of Executive’s willingness to join the Company in this important role and to forego other valuable employment opportunities that are available to Executive, as soon as administratively practicable on or following the Effective Date, Executive will receive a one-time new hire grant of an award of restricted stock units (“RSUs”) covering shares of Company common stock. The number of shares covered by this grant will equal $200,000, divided by the Average Price (as defined below) for the 30 calendar day period that ends with the date on with the Company and Executive sign this agreement (if the parties sign on different dates, the later of the two dates), as determined in good faith by the Board or Committee. The RSUs will be granted as soon as administratively practicable on or following the Effective Date and will be subject to the Company’s standard terms and conditions for restricted stock units and the terms of the applicable Company plan (which is expected to be either the Company’s 2005 Stock Incentive Plan (the “2005 Plan”) or an “inducement” plan to be adopted in the near future (the “Inducement Plan”)), all as reflected in the applicable form of RSU agreement. The RSUs will be scheduled to vest as to one hundred percent (100%) of the total number of shares on the one year anniversary of the Effective Date. Notwithstanding any contrary provision of this Section 4(c) and except to the limited extent expressly provided in Section 8 and Section 9 of this Agreement, in order to vest in any of these RSUs, Executive must remain a full-time employee of the Company continuously through such one year anniversary. If an Inducement Plan is used for any of the grants described in this Section 4(c), Section 4(d) or Section 4(e), the material terms of any such grant will be no less favorable to Executive than if the grants had been made under the 2005 Plan.
Sign-on Incentive. Within fifteen (15) days of appointment as President and COO, Xx. Xxxxx will receive a total of $200,000 to cover his expected annual bonus and an outstanding loan from his current employer. The total of those two payments will satisfy the Company’s bonus commitment to Xx. Xxxxx for his employment in 2005. Employment Agreement
Sign-on Incentive. The Company will pay a sign-on incentive to the Executive in the amount of 766,900 common stock options, ten year term, vesting ratably over three years and valued in accordance with the Black-Scholes method based on the current market price of the Company’s shares as of the date he commences employment pursuant to this Agreement. The terms of this Agreement will supersede and take precedence over any terms of the Nonqualified Stock Option Agreement to the extent the terms of the Nonqualified Stock Option Agreement are contradictory or inconsistent with the terms of this Agreement.
Sign-on Incentive. Subject to the approval of the Board or a committee, Executive shall receive a one-time grant of 190,000 restricted stock units under the Company’s Plan as an inducement to accept the Company’s offer of employment as governed by this Agreement. Such grant is subject to the approval of the Company’s Board of Directors and the Plan’s terms and conditions, as well as the terms and conditions of the grant. (g)
