Examples of Equity Award Plan in a sentence
Each Option Incentive Award and Share Incentive Award shall have such termination, forfeiture and other terms as are applicable to stock option or restricted stock awards granted to other senior executives of the Company, as set forth in the 2004 Equity Award Plan and the applicable award agreement.
The value of any Share Incentive Award shall be the aggregate grant date Fair Market Value (as defined in the 2004 Equity Award Plan) of the Shares subject to such Award.
The number of Equity Awards, if any, and the terms and conditions of any such Equity Awards, shall be determined by the Committee appointed pursuant to the Equity Award Plan, or by the Board, in its sole discretion and pursuant to the Equity Award Plan.
The acceleration of vesting and exercisability under this Section will apply notwithstanding any provision in the 2000 Equity Award Plan or any other plan or agreement that would prevent the acceleration and vesting of the awards or cause them to be canceled, rescinded or otherwise impaired.
In the event that the 2008 Equity Award Plan is approved after June 30 of the fiscal year in question, the Annual Stock Option Award for such year shall be granted as soon as practicable after such approval.
At the Effective Time, each restricted stock unit award in respect of Company Shares granted under a Company Equity Award Plan that is outstanding immediately prior to the Effective Time (a “Company RSU”) shall fully vest and shall be cancelled and converted automatically into the right to receive the Equity Award Consideration in respect of each Company Share underlying such Company RSU.
Equity Award Plan for Employees, Officers and Directors, adopted by the Board on January 10, 2005, the Company shall grant to the Executive options to purchase 14,018 shares of Common Stock (the "Options"), representing approximately one quarter per cent (0.25%) of the issued and outstanding shares of Common Stock as of the Effective Date with an exercise price per share equal to the fair market value of a share of Common Stock on the Effective Date.
Executive’s actual LTIP Award in respect of such 2014-2016 performance period shall be determined in accordance with the criteria described in the LTIP, including the satisfaction of performance and other criteria (including discretionary components) established by the Compensation Committee, and subject to the LTIP, the Equity Award Plan and Company practices and/or Executive’s continuous employment through applicable date of grant, vesting and/or payment, as the case may be.
The Company shall take all actions necessary to ensure that, from and after the Effective Time, neither Parent nor the Surviving Corporation will be required to deliver Company Shares or other capital stock of the Company to any Person pursuant to or in settlement of Company Performance Share Awards, Company RSUs, Company Deferred Units or any other awards under any Company Equity Award Plan.
At the Effective Time, each performance share award granted under a Company Equity Award Plan that is outstanding immediately prior to the Effective Time (a “Company Performance Share Award”) shall fully vest at the target level of performance and shall be cancelled and converted automatically into the right to receive the Equity Award Consideration in respect of each Company Share underlying such Company Performance Share Award.