Stock Compensation. The Executive shall be eligible to receive stock-based compensation, whether stock options, stock appreciation rights, restricted stock grants or otherwise, under the Parent’s Amended and Restated 2004 Long Term Incentive Plan or other stock-based compensation plans as Parent may establish from time to time (collectively, the “Plans”). The Executive shall be considered for such grants no less often than annually as part of the Board’s annual compensation review, but any such grants shall be at the sole discretion of the Board.
Stock Compensation. The Company agrees to issue 1,500 shares of the Company’s common stock (the “Shares” or “Stock Compensation”) to the Individual for the services provided to the Company during the second quarter of 2016. The Shares shall be registered on Form S-8 of the Securities Act, and the Company agrees to pay all registration, qualification, and issuance fees associated with the issuance of the Shares.
Stock Compensation. The Executive shall be eligible to participate to the extent and in the manner provided and to receive equity-based awards under any equity plan established by ANC, in accordance with the terms of such plan, as the Compensation Committee may determine, and which terms may be modified in the discretion of the Compensation Committee.
Stock Compensation. The Executive also shall be eligible to receive stock options, restricted stock, stock appreciation rights and/or other equity awards under the Company’s applicable equity plans on such basis as the Compensation Committee or the Board of Directors of the Company or their designees, as the case may be, may determine on a basis not less favorable than that provided to the class of employees that includes the Executive. Except as specifically set forth above, however, nothing herein shall require the Company to make any equity grants or other awards to the Executive in any specific year.
Stock Compensation. The Executive may be granted options to purchase shares of Company Common Stock or Restricted Stock Units to purchase shares of Company Common Stock in accordance with the Company’s Stock Option Plan. Any grants must be approved by the Compensation Committee.
Stock Compensation. The Officer may be entitled to receive stock awards under the Company’s 2003 Stock Incentive Plan, or any successor plan, in such amounts and subject to such terms and conditions as determined under the applicable management incentive plan as may be adopted on an annual basis by the Board of Directors of the Company.
Stock Compensation. Employee shall receive 12 million newly issued common shares of the Company upon execution of this agreement (“Signing Shares”). The shares shall be subject to a vesting schedule (see Schedule 2.). Employee acknowledges that any Signing Shares issued pursuant to this Agreement will not be registered pursuant to the Securities Act of 1933 , shall constitute “restricted securities” as that term is defined in Rule 144 promulgated under the Securities Act of 1933 and shall contain the following restrictive legend: THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR SECURITIES LAWS OF ANY STATE AND MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT OR SUCH LAWS AND, IF REQUESTED BY THE COMPANY, UPON DELIVERY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT THE PROPOSED TRANSFER IS EXEMPT FROM THE ACT OR SUCH LAWS.
Stock Compensation. As additional compensation for the Services provided to the Company hereunder, the Director is also entitled to receive from the Company on the Effective Date, a non-qualified stock option (the “Stock Option”) to purchase 300,000 shares of the Company’s common stock, with the exercise price determined by using the closing bid price of the Company’s common stock on the Effective Date. Vesting will be as follows: 90,000 of the shares underlying the Stock Option shall vest on the Effective Date, 70,000 of the shares underlying the Stock Option shall vest on the first anniversary of the Effective Date, 70,000 of the shares underlying the Stock Option shall vest on the second anniversary of the Effective Date, and the remaining 70,000 shares underlying the Stock Option shall vest on the third anniversary of the Effective Date; however, if a change of control event occurs (as defined in the Award Agreement (as defined below)), all unvested shares shall vest immediately. Any and all equity awards shall be granted under and shall be subject to the terms and provisions of the 2020 Stock and Incentive Compensation Plan, as the same may be amended from time to time (the “Incentive Plan”), and shall be granted subject to the execution and delivery of a stock option award agreement, as approved by the Board, in substantially the same form as attached hereto as Exhibit A (the “Award Agreement”). The parties hereby agree that to the extent permitted by the Incentive Plan, the number of shares underlying the Stock Option shall not be adjusted in the event the Company effects one or more reverse stock splits of its common stock.
Stock Compensation. The Company shall grant to the Executive, effective as of the Effective Date, as inducement equity awards, nonqualified stock options covering 100,000 shares of the common stock, no par value per share, of the Company (the “Initial Options”), restricted stock covering 20,536 shares of such common stock (the “Initial Restricted Stock”), and 10,000 performance-based restricted stock units (“PBUs”) which will vest and become payable in accordance with terms comparable to the terms of the PBUs granted to the Company’s executive officers on March 30, 2017 (the “Initial PBUs”). Additionally, the Company shall grant to the Executive, effective as of the later of the Effective Date and the date of the Company’s 2018 annual grant of equity to the Company’s other executive officer direct reports to the Chief Executive Officer, as additional inducement equity awards, 19,754 PBUs which will vest and become payable in accordance with terms comparable to the terms of the PBUs granted to such other Company executive officers (the “2018 PBUs”). The Initial Options, Initial Restricted Stock, Initial PBUs, and 2018 PBUs will constitute inducement awards, be granted outside of any shareholder-approved equity compensation plan of the Company, and will vest as follows:
(i) The Initial Options will be time-vested options with an exercise price equal to the fair market value of the common stock as of the date of grant, have a term of seven years and will vest and become exercisable with respect to one-third of the Initial Options on each of the first three anniversaries of the date of grant, subject to the Executive’s continued employment through such date(s).
(ii) The Initial Restricted Stock will be time-vested restricted stock and will vest and become nonforfeitable with respect to one-third of the Initial Restricted Stock on each of the first three anniversaries of the date of grant, subject to the Executive’s continued employment through such date(s).
(iii) The Initial PBUs and 2018 PBUs will be performance-based restricted stock units and will vest in accordance with their respective terms. The Initial Options, Initial Restricted Stock, Initial PBUs and 2018 PBUs shall be subject to such other customary terms and conditions as shall be set forth in separate inducement award agreements. Beginning in calendar year 2019, the Executive shall be eligible to receive stock options, restricted stock, stock appreciation rights and/or other equity awards under the Company’s applicab...
Stock Compensation. The Executive has previously been granted an aggregate of 250,000 (post-split) shares (the "Initial Grant") of the Company's common stock ("Common Stock") pursuant to the Previous Agreement and 1,125,000 shares (post-split) (the "Second Grant" and, together with the Initial Grant, the "Granted Shares") of Common Stock pursuant to the Original Agreement. Notwithstanding the vesting provisions of the Original Agreement, subject to acceleration as provided below, 25,000 of the Granted Shares shall vest on January 1, 2011, and the remaining Granted Shares will vest on September 1, 2012, in each case so long as the Executive either (i) is employed as the Company's Chairman and CEO on such date or (ii) has died or become permanently disabled prior to such date and was employed as the Company's Chairman and CEO at the time of death or disability. Notwithstanding any provision to the contrary, the Granted Shares shall vest upon the earlier to occur of a “Change in Control” or the termination of the Executive’s services as Chairman and CEO by the Company other than for "Cause" or by the Executive’s voluntary resignation for "Good Reason" (as each term is defined below).
