Examples of Inducement Grants in a sentence
See Brian Cadman et al., "Inducement Grants, Hiring Announcements and Adverse Selection for New CEOs," Review of Accounting Studies 25, 279-312 (2020).
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.
In addition, we have assumed that the Company will receive any required consideration in accordance with the terms of the Inducement Grants.
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.
For the avoidance of doubt, the award agreement for the Inducement Grants will provide for the claw-back and recovery of vested amounts due to accounting restatements, violations of WWE’s corporate policies or any breaches of the restrictive covenants contained in the award agreement, the terms of this Agreement, or of any other agreement between Khan and WWE.
As of October 31, 2023, there were 6,641,224 RSUs outstanding under the Company’s Omnibus Plan (of which 1,263,479 were vested as of such date) and 273 RSUs outstanding which were Inducement Grants (of which 273 were vested as of such date).
Reports Inducement Grants to CFO Taylor Greenwald Under Nasdaq Listing Rule 5635(c)(4) BRIDGEWATER, N.J., Nov.2, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc.
In connection with this opinion, we have examined and relied upon the Registration Statement and related prospectuses, the Plans, the Inducement Grants, the Company’s certificate of incorporation and bylaws, each as currently in effect, and such records, documents, certificates, memoranda and other instruments as in our judgment are necessary or appropriate to enable us to render the opinion expressed below.
As counsel to the Company, we have examined the proceedings taken by the Company in connection with the reservation of an aggregate of 235,000 shares of Common Stock for issuance pursuant to the Inducement Grants.
Non-Plan Inducement Grants: In connection with its merger with TriVascular Technologies, Inc., Endologix issued non-plan inducement stock options to purchase 1.3 million shares of Common Stock at an exercise price of $7.53 per share, and non-plan inducement restricted stock units for 0.3 million shares of Common Stock.