Initial Equity Grant definition

Initial Equity Grant means the grant of 12,000,000 restricted shares of common stock of the Company granted to Executive on February 9, 2012 pursuant to the Original Employment Agreement.
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Initial Equity Grant. (i) options to purchase 600,000 shares of common stock which shall vest as set forth in the Form of Notice of Grant of Stock Options and Options Agreement attached hereto as Exhibit A which shall be dated April 4, 2011 and (ii) 150,000 restricted stock units which shall vest as set forth in the Form of Notice of Grant of Restricted Stock Units and Restricted Stock Units Agreement attached hereto as Exhibit B which shall be dated April 4, 2011.
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Initial Equity Grant. As an important part of this offer, we will grant to you the following initial amounts of restricted shares and stock options. These restricted shares and stock options will be issued under, and subject to, the general terms and conditions of the Company's 1996 Stock and Option plan.
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Examples of Initial Equity Grant in a sentence

  • The RSUs subject to the Initial Equity Grant shall vest in three equal, annual installments on each anniversary of the date of grant, subject to such Non-Employee Director’s continued service as a Non-Employee Director through each such vesting date.

  • The terms and conditions applicable to the Initial Equity Grant shall be governed by the RSPA.

  • In addition, the Initial Equity Grant shall fully and immediately vest.

  • Equity awarded under Initial Equity Grant was awarded to the Managing Director and Chief Financial Officer upon the listing of Deterra Royalties Ltd on the ASX.

  • In connection with the Initial Equity Grant Elanco hereby represents and warrants to Tarsus that, as of the date hereof, Elanco is an “accredited investor” within the meaning of SEC Rule 501 of Regulation D of the Securities Act, as presently in effect.

  • The terms and conditions of the Initial Equity Grant will be determined and approved by the Compensation Committee and shall be evidenced by an RSU award agreement consistent with the terms of the Plan.

  • Schmidt Others: Ray Rought, MN/DOT; Mary Hill Smith, Metropolitan Council; Julie Forster, Pioneer Press; Merland Otto, City of Mpls.; Sara Psick, McGrann Shea; Denise Harman, ABM; Cliff Dunham, Arch.

  • In no event may the shares subject to the Initial Equity Grant be transferred until the earlier of (i) the Executive’s termination of employment with the Company and its subsidiaries, or (ii) the third anniversary of the Effective Date; provided, however, that this restriction shall not apply to any shares withheld or sold to satisfy the Executive’s minimum statutory tax withholding obligation in respect of the vesting of the restricted shares subject to the Initial Equity Grant.

  • If needed, the Worship Arts Ministry staff will assist in the recommendation of appropriate music.

  • The Initial Equity Grant shall vest and become exercisable as to 10% of the RSUs on the first anniversary of the date of grant, 20% of the RSUs on the second anniversary of the date of grant, 30% of the RSUs on the third anniversary of the date of grant and 40% of the RSUs on the fourth anniversary of the date of grant.


More Definitions of Initial Equity Grant

Initial Equity Grant. On the Commencement Date, the Company will grant you stock options to acquire 1,500,000 shares of Company common stock (the “Initial Stock Options”) pursuant to the terms and conditions of the Company’s 2012 Stock Plan (the “2012 Plan”) with an exercise price equal to the closing price of a share of Company common stock on the New York Stock Exchange on the grant date. The Initial Stock Options shall have the same terms and conditions as stock options generally granted during the Company’s fiscal year ending February 22, 2014 (“FY 2014”) to other executives of the Company under the 2012 Plan; provided, that, the Initial Stock Options shall vest in three equal annual installments on each anniversary of the grant date, with accelerated vesting of the Initial Stock Options upon the achievement of a per share price of Company common stock (such price, and the duration for which it must be maintained, to be established by the Compensation Committee and reflected in the Initial Stock Options grant agreement), in each case subject to continued employment through the applicable vesting date.
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Initial Equity Grant has the meaning set forth in Section 2.4(c) of this Agreement.
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Related to Initial Equity Grant

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;

  • Company Equity Incentive Plan means the Company’s omnibus equity plan, last approved by Company Shareholders on November 6, 2018 and as proposed to be amended at the Company’s May 7, 2019 shareholders’ meeting.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Vested LTIP Units has the meaning provided in Section 4.4(d) hereof.

  • Performance Unit Agreement means a written agreement between the Company and a Holder with respect to a Performance Unit Award.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Company Equity Award means a Company Stock Option or a Company Restricted Share granted under one of the Company Stock Plans, as the case may be.

  • Vesting Event means the earliest to occur of the following events:

  • Incentive Distribution Right means a Limited Partner Interest having the rights and obligations specified with respect to Incentive Distribution Rights in this Agreement (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest).

  • Initial Grant means an Option granted to a Non-Employee Director who meets the specified criteria pursuant to Section 6(a).

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Change in Control Benefits means the following benefits:

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Stock Grant Agreement means the agreement between the Company and a Grantee who is awarded Shares under the Plan that contains the terms, conditions and restrictions pertaining to the award of such Shares.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • 409A Change in Control means a "Change in Control" which also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all within the meaning of § 409A.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • Restricted Share Agreement means the agreement between the Company and the recipient of a Restricted Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.