Initial Equity Awards definition

Initial Equity Awards means the issuance of restricted stock units or Ordinary Shares with vesting or other transfer restrictions, in each case, with respect to a number of Ordinary Shares constituting five percent (5%) of the total number of Ordinary Shares issued and outstanding as of immediately following the consummation of the Scheme Acquisition, pursuant to the Equity Incentive Plan.
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Initial Equity Awards shall have the meaning set forth in Section 3(f).
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Examples of Initial Equity Awards in a sentence

  • In no event shall any unvested portion of the Initial Equity Awards be cancelled or forfeited without value in connection with a Change of Control.

  • In the event any portion of the Initial Equity Awards remains unvested following such Change of Control after application of the foregoing sentence, the agreements effectuating the Change of Control shall provide for the assumption or substitution of the unvested Initial Equity Awards by the successor entity (unless the successor entity is the Company, in which case the unvested Initial Equity Awards shall remain outstanding in accordance with their terms).

  • For the avoidance of doubt, the Initial Equity Awards are granted pursuant to the Company’s 2016 Equity Incentive Plan, and subject to their applicable award agreements.

  • The Initial Equity Awards will be subject to terms and conditions approved by the People Resources Committee (the “PRC”) of the Board of Directors of Cigna (the “Board”), which terms and conditions will be no less favorable than those provided in the 2018 annual equity awards granted to executive officers of Cigna (the “Peer Executives”).

  • The Company shall register all shares of the Company common stock subject to the Initial Equity Awards by filing a Form S-8 with the Securities and Exchange Commission within 30 days of the Effective Date.

  • The Initial Equity Awards shall vest and become exercisable or nonforfeitable (as applicable) in equal installments on each of the first, second, third, fourth and fifth anniversaries of the Effective Date, subject to the Executive’s continued employment with the Company through the applicable vesting date.

  • It is expected that Executive will receive equity awards in each of 2022 and 2023 that are equivalent in value to the Initial Equity Awards, subject to Executive’s and Company’s performance.

  • On or after the Effective Date, in connection with the grant of the Initial Equity Awards, the Company shall adopt the Entravision Communications Corporation 2023 Inducement Plan, substantially in the form attached hereto as Exhibit C.

  • The Executive will not be entitled to receive any equity awards in calendar year 2023 or 2024 other than the Initial Equity Awards.

  • Each of the Initial Equity Awards was intended to be a material inducement to Executive’s acceptance of the Company’s offer of employment with the Company, and was granted outside the Company’s 2015 Equity Incentive Plan (the “2015 Plan”) but pursuant to the terms of the 2015 Plan as if such awards were granted under the 2015 Plan.

Related to Initial Equity Awards

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Company Equity Awards means the Company Stock Options and the Company Restricted Stock Units.

  • Company Equity Plan means, collectively, the Company’s 2007 Option Plan, the Company’s 2012 Option Plan and the U.S. Sub-Plan of the Company’s 2012 Option Plan, and each other plan that provides for the award to any current or former director, manager, officer, employee, individual independent contractor or other service provider of any Group Company of rights of any kind to receive Equity Securities of any Group Company or benefits measured in whole or in part by reference to Equity Securities of any Group Company.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.