Examples of Inducement Grants in a sentence
Prospective and newly hired employees of the Company are eligible to receive Inducement Grants in the form of options, stock appreciation rights, restricted stock, restricted stock units and other stock-based awards and commitments therefore (each an “Award”) under the Plan.
Inducement Grants Enable Companies to Avoid Depletion of Equity Plan Share ReservesMay 1, 2020This LawFlash discusses awarding equity grants to newly hired employees as “inducement grants” outside the shareholder approved plan and the pros and cons of making inducement grants.
The Company has delivered or made available to Parent or Parent’s Representatives copies of all Stock Plans and Company Inducement Grants covering the Company Equity Awards outstanding as of the date of this Agreement and the forms of all equity award agreements evidencing such Company Equity Awards.
Such Inducement Grants are unvested and unexercisable as of the date of this Registration Statement.
The participation of attorneys and the testimony of expert witnesses is not precluded, but is not required.
Such Inducement Grants are intended to assist the Company and its Subsidiaries in retaining selected individuals to serve as Employees of the Company and its Subsidiaries who are expected to contribute to the Company’s success and to achieve long-term objectives that will benefit the stockholders of the Company through the additional incentives inherent in the Awards granted under the Plan.
The Inducement Grants have been granted outside of the Company’s Amended and Restated 2016 Equity Incentive Plan (the “2016 Plan”) but remain subject to the terms and conditions of such 2016 Plan.
The documents containing the information specified in Part I of the Registration Statement will be sent or given to the recipients of the Inducement Grants as required by Rule 428(b)(1).
Based upon the foregoing, we are of the opinion that the Shares have been duly authorized and, when issued and sold in accordance with the Inducement Grants, will be validly issued, fully paid and nonassessable.
It is our opinion that the 1,077,624 shares of Common Stock which may be issued and sold by the Company pursuant to the 2003 Plan and the Inducement Grants, when issued and sold in the manner referenced in the Registration Statement, will be legally and validly issued, fully paid and nonassessable.