Examples of ESOP Options in a sentence
Subject to the provisions of the ESOP, Options shall vest and become exercisable according to the Vesting Dates set forth in Exhibit B hereto, provided that the Optionee is employed by or provides services to the Company and/or its Affiliates on the applicable Vesting Date.
Grants or issuances of ESOP Options shall not result in an adjustment to the Exchange Rate pursuant to this Clause 3.3.4 unless and until ESOP Options granted or issued, in the aggregate, reach the ESOP Threshold Percentage of the issued and outstanding VFSG Shares on a fully diluted basis (the “ESOP Threshold”).
To the extent ESOP Options granted or issued, in the aggregate, exceed the ESOP Threshold, such grants or issuances in excess of the ESOP Threshold (and not the total amount of ESOP Options granted or issued in the aggregate) shall result in an adjustment to the Exchange Rate pursuant to this Clause 3.3.4. For the purpose of this Clause 3.3.4, “ESOP Options” means Options that would, if granted or issued following a Liquidity Event, fall within Clause 3.4.7(ii)(B).
It is anticipated that Vinay Tolia will replace Thomas Flow as CEO once appropriate authorizations are obtained.Compensation Discussion & AnalysisThe key elements of Flowr’s executive compensation program currently consists of base salary (established based on the scope of responsibilities, competencies and prior relevant experience, taking into account compensation paid in the market for similar positions) and issuance of Flowr ESOP Options.
All outstanding Non ESOP Options were granted between 29 January 2001 and 29 August 2003 with exercise prices ranging between A$1.031 and A$1.919.
Fair value of existing ESOP Options issued to key management personnel in prior periods is determined using Black-Scholes.
Comprised of Vinay Tolia, who prior to the Completion of the Transaction, holds 3,635,530 Flowr ESOP Options.
Resulting Issuer ESOP Options shall vest on the dates specified in the option agreement between the Resulting Issuer and the participant optionee.
Value was determined as follows: (a) Block Class A common stock issued as of close on January 31, 2022, plus (b) Block Class A common stock issued for vested US ESOP Options that were net-settled, where the sum of (a) and (b) is then multiplied by (c) Share price of Block as of close on January 31, 2022.
Represents cash paid for employee tax withholdings in connection with the net settlement of the US ESOP Options.