Signing Grant Sample Clauses

Signing Grant. (a) Company shall grant to Executive an equity award that shall have an equity value equal to $1,250,000 on the date of grant. Based on the equity value on the date of grant, one-third of the equity award will be comprised of restricted stock units (“RSUs”) (rounded down to the nearest whole number of units), one-third of the equity award will be comprised of stock options (“Stock Options”) (rounded down to the nearest whole share), and the remaining one-third of the equity award will be comprised of performance shares based on relative total shareholder return (“Performance Shares”)(rounded down to the nearest whole share). Equity value of RSUs and Performance Shares will be determined based on the closing price of a share of Company common stock, par value $.01 per share, on the date of grant. Equity value of Stock Options will be determined based on the standard option valuation formula used by Company. The grant of the RSUs, Stock Options and Performance Shares provided by this subsection shall generally be made in an administratively reasonable period of time following the first day of the Employment Term subject to compliance with applicable law and the schedule of the Compensation Committee of the Board.
Sample 1
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Signing Grant. In consideration for services rendered prior to the Effective Date, including without limitation for serving on Company’s Board of Advisors, subject to Executive’s execution of any and all documents and instruments related to the issuance of stock and grants of equity as may be requested by Company from time to time (e.g., restricted stock agreements in such form and substance as may reasonably be determined by Company), upon the Effective Date, Executive shall receive a fully-vested grant of options to purchase 8,150 Common Shares, with an exercise price of USD$6.427/per share. For the purposes of this Agreement, “Common Shares” means the restricted stock under Parent’s 2015 Share Incentive Plan (or any successor or other equity plan then maintained by Parent), par value NIS 0.01 each.
Sample 1
Signing Grant. In connection with Executive’s execution of the Agreement, as soon as practicable after the Effective Date, Executive shall be entitled to receive a grant of 107,100 service-based restricted stock units (or substantially similar award) (the “Service-Based RSUs”), with 14,875 of such Service-Based RSUs vesting after the completion of the grant date, and the remaining 92,225 Service-Based RSUs, in general, vesting subject to Executive’s continued employment with the Company in 31 equal monthly installments beginning on January 1, 2017 and ending on July 1, 2019, subject to terms and conditions set forth in the applicable award agreement.
Sample 1
Signing Grant. On or following your Commencement Date (but in any event no later than thirty (30) days following your Commencement Date), in compliance with all applicable regulatory requirements and subject to applicable approvals, you will be eligible to receive a stock option to purchase two hundred twenty-five thousand (225,000) shares of the Company's common stock (the "SIGNING GRANT"). The exercise price of the Signing Grant will be the fair market value of the Company's common stock on the date of grant. The Option will vest in equal monthly installments over four (4) years. Performance Grant. On or following your Commencement Date (but in any event no later than thirty (30) days following your Commencement Date), in compliance with all applicable regulatory requirements and subject to applicable approvals, you will be eligible to receive a stock option to purchase one hundred twelve thousand five hundred (112,500) shares of the Company's common stock (the "PERFORMANCE GRANT"). The exercise price of the Performance Grant will be the fair market value of the Company's common stock on the date of grant. The Performance Grant will vest over a one-year period in accordance with the terms set forth on Schedule A.
Sample 1
Signing Grant. An award of Lions Gate restricted share units (the “Signing Grant”), with the number of restricted share units subject to the Signing Grant determined by dividing Eight Hundred Seventy-Five Thousand Dollars ($875,000.00) by the closing price (in regular trading) of a share of Lions Gate Class B non-voting common shares Xx. Xxxxx Xxxxxxxxx As of October 1, 2018 Page 4 of 24 (“Class B Shares”) on the New York Stock Exchange (“NYSE”) on the Award Date (the “Closing Price”).
Sample 1
Signing Grant. On the Effective Date, the Executive shall be granted, pursuant to the Stock Incentive Plan, 71,000 shares of the Company’s common stock.
Sample 1
Signing Grant. In connection with Executive’s execution of this Agreement, as soon as practicable after the Effective Date, Executive shall be entitled to receive pursuant to the Equity Plan a grant of 9,051 service-based restricted share units (or substantially similar award) (the “Service-Based RSUs”), with 1/3 of such Service-Based RSUs vesting on December 1, 2017, December 1, 2018 and December 1, 2019, subject to Executive’s continued employment with DDR through each such date, subject to the terms and conditions set forth in the applicable award agreement.
Sample 1
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Signing Grant. Executive shall receive a grant of restricted stock units under the Corporation’s 2006 Equity Plan (the “RSUs”) with respect to common stock of the Corporation having an aggregate fair market value of $100,000 on the date that Executive becomes Chief Executive Officer pursuant to this Agreement, subject to the approval of the Committee. The RSUs will vest in a cliff on the four-year anniversary of the grant date, subject to continued employment with the Bank or Corporation through such date, subject to earlier vesting in accordance with the provisions of this Agreement, and shall otherwise be subject to the terms and conditions of the 2006 Equity Plan and an RSU agreement in a form approved by the Committee.
Sample 1

Related to Signing Grant

  • Initial Grant Following the execution of this Agreement, the Executive shall be granted 500,000 options to acquire common shares in the capital of the Parent, with the price and terms of such options to be established by the Board of Directors of the Parent in accordance with the Parent's stock option plan.

  • Equity Grant Subject to approval by the Board and your execution of the Company’s standard form of Restricted Stock Agreement for executives (the “Restricted Stock Agreement”), you will be eligible to receive shares of the Company’s common stock under the Company’s 2017 Stock Option and Grant Plan (the “Plan”) equaling 15% of the Company’s outstanding common stock on a fully-diluted basis as of the grant date and after giving effect to the grant. If the Company closes Preferred Round on or prior to December 31, 2019 (and provided that you are still employed by the Company at the time of such closing), the Company shall issue you an additional award of restricted shares of Company common stock under the Plan in an amount such that, after giving effect to such additional issuance, you have been granted shares of common stock equal to 15% of the Company’s outstanding common stock on a fully-diluted basis upon closing of (and giving effect to) the Preferred Round. If the Preferred Round closes in multiple tranches (including tranches closed in the future, if initial closings of at least $3,000,000 occur by December, 2019), you will receive an additional award upon the closing of each tranche, in accordance with the foregoing. All shares of Company common stock granted to you shall be subject to repurchase and forfeiture as set forth in Restricted Stock Agreement, which shall provide that, subject to Section 6, the granted shares shall vest as follows: (i) 25% of the granted shares will vest on the three-month anniversary of the Commencement Date and (ii) thereafter, the remaining unvested shares will vest in equal quarterly installments over a three-year period, on the last day of each calendar quarter (i.e., March 31, June 30, September 30 and December 31), commencing on September 30, 2018; provided, that upon a Sale Event (as defined in the Plan) all your then-unvested shares (to the extent not previously forfeited) shall vest. For the avoidance of doubt, the Company and the Board have reviewed and understands and accepts your academic and work experience, as the same has been provided to the Company by you. Accordingly, and assuming the accuracy of your academic and work experience, the definition of “Cause”, as applicable to any termination of your employment by the Company (whether under the Plan, your Restricted Stock Agreement or otherwise) shall not include, and shall not be triggered by, the Company’s or the Board’s assertion or belief that you lack requisite experience for your position. In addition to the foregoing equity grant, you shall be eligible for additional grants of Company common stock or options to acquire Company common stock at such time and on such terms as determined by the Company’s board of directors. You shall also receive pre-emptive rights permitting you to preserve your vested equity position in the Company in the event of any additional issuances of Company common stock (or securities convertible into common stock), at a per-share price equal to then current fair market value, as reasonably determined by the Board in good faith.

  • Date of Grant The date that the Option is granted (the “Date of Grant”) is set forth above.

  • Initial Option Grant As of the end of the day of the date this Agreement is signed by the Company and Employee, the Company shall grant Employee an option to purchase the number of shares described in Exhibit A of common stock of the Company under the Company's 1992 Stock Option Plan, as amended, having an exercise price per share equal to the fair market value (as defined in the Stock Option Plan) of a share of common stock of the Company. Except as otherwise provided in the Stock Option Plan, the option shall become exercisable as described in Exhibit A.

  • Option Grant The Company hereby grants to the Optionee on the terms and conditions of this Agreement the right and the option (the “Option”) to purchase all or any part of shares of the Company’s Class A Common Stock at a purchase price of $ per share. The terms and conditions of the Option grant set forth in attached Exhibit A are incorporated into and made a part of this Agreement. The Option is intended to be an Incentive Stock Option as defined in Section 422 of the Internal Revenue Code of 1986, as amended.

  • Grant of RSUs The Company hereby grants to the Grantee the Award of RSUs, as set forth in the Award letter. An RSU is the right, subject to the terms and conditions of the Plan and this Agreement, to receive a distribution of a share of Common Stock for each RSU as described in Section 6 of this Agreement.

  • Annual Equity Grant During the first fiscal quarter of each year, or such other time as the Board, in its discretion, may determine, the Employee will receive an annual equity grant with a target value, measured as of the grant date, equal to the percentage of the Employee’s Salary determined by the Board or its designated committee, which for 2021 shall be 65% (the “Annual Equity Grant”). One-half of the Annual Equity Grant is expected to be in the form of restricted stock units or restricted share units with no performance restrictions or metrics associated with them, and which are expected to vest in three equal increments on each of the first, second and third anniversaries of the grant date. The other one-half of the Annual Equity Grant is expected to be in the form of performance shares or performance restricted stock units, which will have Board-determined performance restrictions and metrics associated with them. The determination of how many of those performance shares or performance restricted stock units have been earned will be made by the Board on or about the first anniversary of the grant date, based on the financial performance of the Company during the prior fiscal year, and any performance shares or performance stock units deemed by the Board to be earned are expected to vest in two equal increments on or about each of the second and third anniversaries of the grant date. Notwithstanding any other provision of this Agreement to the contrary, the determination of whether and when to make any Annual Equity Grant to Employee, and the design, nature and amount of any such Annual Equity Grant, shall be determined by the Board in its discretion. All Annual Equity Grants to Employee shall be subject to the terms of the grant agreement between Employer and Employee. In the event of a Change of Control, the Board or its designated committee will determine the manner in which any unvested restricted shares, performance shares, restricted stock units or other unvested equity grants will be treated, with respect to the amount and timing of the vesting of such unvested equity, to the extent that the same is not already addressed in the terms of the applicable grant agreement between the Employer and Employee.

  • Initial Stock Option Grant You will be awarded options in respect of Koninklijke common stock (your “Initial Stock Options”). The number of Initial Stock Options to be awarded to you is stated in the Schedule. The vesting schedule for your Initial Stock Options is stated in the Schedule. Your Initial Stock Options will be subject to the terms of LTIP and to the terms of your award agreement under it.

  • Equity Grants The Employee shall be granted as soon as practicable on or after the Effective Date, a stock option to purchase 734,900 shares of the Company’s common stock (the “Option”) (which option shall be issued as an incentive stock option to the maximum extent allowed under Section 422 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the “Code”)) pursuant to the Company’s 2011 Employee, Director and Consultant Equity Incentive Plan (the “Plan”). The Option shall be granted with an exercise price equal to the fair market value of the Company’s common stock on the date of grant. Twenty-Five percent (25%) of the Option shall be vested one year from the Effective Date and the remaining portion of such Option shall vest in equal monthly installments over a thirty-six (36) month period commencing on the first day of the month one year following the Effective Date, subject to continued employment by the Company. Notwithstanding the foregoing, in connection with a Change of Control (as defined in the Plan) or if a termination of the Employee occurs within two (2) months prior thereto, then the vesting of all equity then owned by the Employee shall accelerate with respect to one hundred percent (100%) of the unvested shares. In lieu of the Option at the request of the Employee, the Company shall issue restricted common stock. Restricted common stock will be issued at par value. If the equity to be issued is restricted common stock and not stock options, the number of shares of restricted common stock to be issued shall be calculated by determining the black scholes value of the grant as if it had been issued solely as stock options and dividing such number by the then current fair market value of the Company’s common stock so as to provide no additional benefit to the Employee for the non-payment of the exercise price. The Employee acknowledges and agrees that effective as of the date of the grant of the equity as set forth in the preceding paragraph, option agreement No. SP-0040 granted by the Company to the Employee as of April 30, 2011 shall be terminated and of no further force and effect. The Company acknowledges that any other options previously granted to the Employee that vest based upon the Employee providing consulting services to the Company shall continue to vest upon its terms as long as the Employee is providing services as a director, consultant or employee of the Company and that the definition of “cause” applicable to all such option agreements shall be the definition set forth herein and not as set forth in the 2008 Stock Incentive Plan.

  • Stock Option Grant Subject to the provisions set forth herein and the terms and conditions of the Plan, and in consideration of the agreements of the Participant herein provided, the Company hereby grants to the Participant an Option to purchase from the Company the number of shares of Common Stock, at the exercise price per share, and on the schedule, set forth above.

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