Equity Award Percentage definition

Equity Award Percentage means four percent (4%) of the fully diluted Common Shares as of each of (i) the Private Placement Date and (ii) the Follow-on Offering Date.
View Source
Equity Award Percentage means four and three-tenths percent (4.3%) of the fully diluted Common Shares of the combined company as of immediately following the closing of the Acquisition; provided, however, that notwithstanding any contrary provision herein, the parties acknowledge that the 4.3% assumes an award solely in the form of options. To the extent the Equity Award is in restricted stock units, the number of shares covered by the Equity Award will be reduced reflecting a ratio of 2 shares covered by restricted stock units is equivalent to 3 shares covered by options (i.e., rounding down, a restricted stock unit award covering 666 shares of Company common stock is deemed equivalent to an option award covering 1,000 shares of Company common stock).
View Source

Examples of Equity Award Percentage in a sentence

  • Company shall award Executive common stock of the Company (the “Common Shares”) or options to acquire the same, in an amount representing, in the aggregate, the Equity Award Percentage (as defined below).

  • An equity award opportunity (the "Equity Award") during each calendar year with a target value (the "Target Equity Award") equal to seventy-five percent (75%) (the "Target Equity Award Percentage") of Employee's Base Salary for the year in which the award is granted, such equity award to be awarded in accordance with the Company's existing Long Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "LTIP").

  • An equity award opportunity (the "Equity Award") during each calendar year with a target value (the "Target Equity Award") equal to one hundred twenty percent (120%) (the "Target Equity Award Percentage") of Employee's Base Salary for the year in which the award is granted, such equity award to be awarded in accordance with the Company's existing Long Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "LTIP").

  • An equity award opportunity (the "Equity Award") during each calendar year with a target value (the "Target Equity Award") equal to one hundred percent (100%) (the "Target Equity Award Percentage") of Employee's Base Salary for the year in which the award is granted, such equity award to be awarded in accordance with the Company's existing Long Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "LTIP").

  • An equity award opportunity (the "Equity Award") during each calendar year with a target value (the "Target Equity Award") equal to seventy-five percent (75)% (the "Target Equity Award Percentage") of Employee's Base Salary for the year in which the award is granted, such equity award to be awarded in accordance with the Company's existing Long Term Incentive Plan, as such plan may be amended or replaced from time to time, or the equivalent (the "LTIP").