Equity Appreciation Right definition
Examples of Equity Appreciation Right in a sentence
As of the date hereof, such Supporting Surge Unitholder does not Beneficially Own any Surge Units, Equity Appreciation Right, Profits Interest or other Equity Interest of Surge other than the Surge Units set forth on Schedule A opposite such Supporting Surge Unitholder’s name.
Notwithstanding any other provision of this Award Agreement (including the foregoing but excluding Section 4(b) as it relates to Resignation) or any provision of the Plan, the Participant may not exercise any Equity Appreciation Right on or after a Forfeiture Event.
Surge has made available to Motor true, correct and complete copies all Grant Agreements (as defined in the Surge Operating Agreement), all EAR Agreements and all other Contracts relating to outstanding Profits Interest and Equity Appreciation Right.
Executive was granted one hundred thousand (100,000) Equity Appreciation Right Units under that certain Nortech Systems Incorporated Equity Appreciation Rights Agreement between Executive and the Company dated May 15, 2018 (“Equity Appreciation Rights Agreement”).
On the Effective Date, Executive shall receive (a) a grant of 100,000 Equity Appreciation Right Units under the Company’s Restated Equity Appreciation Rights Plan, and (b) a non-qualified stock option to purchase 75,000 shares under the 2017 Stock Incentive Plan, with an exercise price per share equal to the fair market value of the Common Stock on the Effective Date, a term of ten years and vesting in equal annual installments over three years.