Equity Ownership Plan definition
Examples of Equity Ownership Plan in a sentence
In addition, vesting for all unvested stock options granted pursuant to the Employer's Equity Ownership Plan (or any other or successor plans) shall be immediately accelerated.
In addition, vesting for all unvested stock options granted pursuant to the Employer's Equity Ownership Plan (or any other or successor plans) shall be immediately accelerated (but the period during which Executive may exercise the stock options shall not be extended under this Agreement).
Amended and Restated 1998 Equity Ownership Plan and/or the 2002 Inhibitex, Inc.
In addition, vesting for all unvested stock options granted pursuant to the Employer’s Equity Ownership Plan (or any other or successor plans) shall be immediately accelerated (but the period during which Executive may exercise the stock options shall not be extended under this Agreement).
Entergy hereby grants to Grantee, pursuant to the 2015 Equity Ownership Plan of Entergy Corporation and Subsidiaries (the “Equity Plan”), [NUMBER] Restricted Stock Units (the “Restricted Units”), for the purposes of retaining Grantee’s full-time active services as described herein through the Vesting Date described below, and for Grantee’s agreement to the terms and conditions of the Equity Plan and this Agreement.
Notwithstanding anything to the contrary herein, in the event of an Initial Public Offering or any private sale or issuance of equity of a Borrower's or any Subsidiary, Borrowers shall prepay Loans by an amount not less than the Net Proceeds of such Initial Public Offering or other sale or issuance of equity immediately upon Borrowers or such Subsidiaries receipt thereof (other than pursuant to the Equity Ownership Plan).
If the Executive's employment terminates due to an Involuntary Termination, all unvested stock options granted pursuant to the Employer's Equity Ownership Plan (or any successor plans) shall be immediately accelerated.
Purchase, redeem, retire or otherwise acquire any of the shares of its capital stock, or make any commitment to do so other than redemptions of TAG stock in accordance with the terms of the Equity Ownership Plan to the extent that, upon giving effect thereto, no Default or Event of Default shall exist.
Entergy hereby grants to Grantee, pursuant to the 2015 Equity Ownership Plan of Entergy Corporation and Subsidiaries (the “Equity Plan”), thirty thousand (30,000) Restricted Stock Units (the “Restricted Units”), for the purposes of retaining Grantee’s full-time active services as described herein through the Vesting Dates described below, and for Grantee’s agreement to the terms and conditions of the Equity Plan and this Agreement.
Make loans, advances or extensions of credit to any Person, except for: (a) sales on open account in the ordinary course of business; and (b) loans to employees or officers of Loan Parties not exceeding Five Hundred Thousand Dollars ($500,000) in the aggregate at any time outstanding, (c) Affiliate Loans, and (d) promissory notes issued to TAG pursuant to the Equity Ownership Plan.