Equity Awards Contract Clauses (603)

Equity Awards. Executive shall be eligible for such grants of awards at the discretion of the Compensation Committee (or the Board, if there is no Compensation Committee) may from time to time determine (the "Share Awards"). Awards shall be subject to the applicable Plan terms and conditions; provided, however, that Awards shall be subject to any additional terms and conditions as are provided herein or in any award certificate(s), which shall supersede any conflicting provisions governing Share Awards provide...d under the Plan. Subject to the approval by the Board or Compensation Committee, Executive would receive a grant of restricted stock units in an amount equal to approximately $75,000, which would be subject to vesting requirements as determined by the Board or Compensation Committee, as applicable. View More

Equity Awards. (a) Outstanding Equity Awards. As of the Effective Date, Executive holds 984,400 shares of Company common stock, a portion of which remains subject to vesting and a right of repurchase at the original purchase price in favor of the Company. These shares are subject to the Company's 2013 Equity Incentive Plan and an option agreement entered into with the Company. (b) Future Equity Awards. Executive shall be eligible for such additional stock options and equity awards as may be determined by the C...ompany, in its sole discretion. (c) Acceleration Upon a Change in Control. Notwithstanding anything herein to the contrary, in the event of a Change in Control (as defined below), the vesting of Executive's then outstanding unvested equity awards, including any stock options, restricted stock awards and any such awards subject to performance-based vesting (after giving effect to any vesting in connection with the Change in Control) (the "Outstanding Awards"), shall accelerate as of immediately prior to such a Change in Control (and, if applicable, all restrictions and rights of repurchase on such awards shall lapse) in respect of 50% of the then-unvested shares of Company common stock subject thereto (such unvested portion, the "Unvested Portion"). The Unvested Portion of any Outstanding Award subject to performance-based vesting shall convert into a time-based equity award, and the Unvested Portion of each Outstanding Award shall vest in substantially equal installments on each of the first twelve monthly anniversaries of the closing date of the Change in Control, subject to Executive's continued service to the Company or its successor through the applicable vesting date. Notwithstanding the foregoing and for the avoidance of doubt, the Unvested Portion of each Outstanding Award shall be subject to accelerated vesting in accordance with Section 6(b)(iii) below. View More

Equity Awards. Subject to the approval of the Board, the Company will grant you an option to purchase 437,500 shares of the Company's common stock ("Option") under the Company's 2018 Equity Incentive Plan. The complete terms and conditions of the Option (including how the Option will be treated on a change in control of the Company) are set forth in the Option Agreement provided to you with this letter. If there is any conflict between the general terms described above and the provisions of the Option Agreemen...t, the Option Agreement will govern. In addition, you will be eligible to receive awards of stock options, restricted stock units or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or the Committee, as applicable, will determine in its sole discretion whether you will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time. In addition, in the event of a spin-off of the Company from NETGEAR, you acknowledge and agree that your awards of stock options, restricted stock units, or other equity awards held by you relating to shares of NETGEAR common stock will be treated as set forth in the Employee Matters Agreement by and between the Company and NETGEAR that will be entered into in connection with the IPO. View More

Equity Awards. You previously were granted certain equity awards pursuant to the Company's 2014 Equity Incentive Plan (the "2014 Plan"), your grant notice and award agreement. Your equity awards will continue to be governed by the 2014 Plan and applicable grant documents. In addition, it has been recommended by the Board of Directors of Enjoy Technology Inc. (i.e., the private company) that the Board of Directors of the public company that survives the Business Combination (as defined below) (the "PubCo" and, ...such public company board, the "Board") grant you an award of RSUs under the PubCo Equity Incentive Plan with a dollar value of $3,154,760 (the "PubCo Grant"). The PubCo Grant will vest incrementally over the course of four (4) years and is subject to completion of the Business Combination. It is anticipated that the dollar value of the PubCo Grant will be converted into a number of shares by dividing the dollar amount above by the 30 trading day trailing volume weighted average price of the PubCo's common stock on the Nasdaq stock market as of the date of grant, rounding down to the nearest whole share. The PubCo Grant will receive similar vesting acceleration as provided in Sections 8(d) and 10 below. Notwithstanding the foregoing, the final terms of the PubCo Grant are subject to the discretion of the Board. View More

Equity Awards. Only the stock options (or any other equity award, including, without limitation, stock appreciation rights and restricted stock units) granted to the Employee and vested as of the Separation Date shall be exercisable, but only to the extent provided by the applicable award agreement.

Equity Awards. This letter does not amend any of your outstanding stock options, restricted stock units, performance stock units or other equity awards, all of which remain subject to the terms and conditions of the plan under which such awards were granted, the terms and conditions of the applicable equity award agreement, and the terms and conditions of the Severance/CIC Agreement (as defined below).

Equity Awards. The Company will recommend to the Board of Directors that you be granted a stock option to purchase an aggregate of 50,000 shares of the Company's common stock at an exercise price equal to the fair market value of a share of the Company's common stock as determined by the Board on the date of grant (the "Option"). The Option shall be a nonqualified stock option, except that to the maximum extent permitted under the Code (as defined below) such Option shall be an "incentive stock option". The Op...tion shall vest over four years commencing on the Start Date (the "Vesting Commencement Date") as follows: (i) 1/4th of the total number of shares underlying the Option shall vest on of the first anniversary of the Vesting Commencement Date and (ii) the balance shall vest in equal monthly installments of 1/48th of the shares over the next thirty-six months following the anniversary of the Vesting Commencement Date in each case subject to your continuous service to the Company as of the applicable vesting date. The Option shall be subject to the terms and conditions of the Company's Stock Incentive Plan (the "Plan") and a stock option agreement by and between you and the Company (the "Stock Option Agreement"). No right to any stock is earned or accrued until such time that vesting and exercise occurs, nor does the grant confer any right to continue vesting or employment. View More

Equity Awards. The Employee shall be considered to receive equity and other long-term incentive awards (including long-term incentive units in the Operating Partnership) under any applicable plan adopted by the Company during the Employment Term.

Equity Awards. You have previously been granted various equity interests in the Company (the "Awards"). The Awards will continue to be governed by the terms of the existing plan documents, award agreements and grant notices. You will be eligible for future equity awards as determined by the Company's Board of Directors and/or its Compensation Committee (the "Board").

Equity Awards. (a) The Parent shall grant to the Executive incentive equity awards in calendar year 2020 as herein defined and for subsequent calendar years as may be determined and adjusted from time to time, (the "Long Term Incentive Equity Awards"), with grant date fair value equal to 150% of Base Salary for calendar year 2020, in each case, in the same form and subject to the same vesting terms and conditions as incentive equity awards granted to similarly situated senior executives of the Parent. As a ref...erence, for calendar year 2019, the Long Term Incentive Equity Awards were allocated as: 30% Stock Options with a 3-year pro rata vesting, 30% Restricted Share Units with 3-year cliff vesting and 40% Performance Units with a 3-year performance vesting measured against Total Shareholder Return. Subsequent equity awards will be granted annually starting in 2020, according to the Long Term Incentive ("LTI") Plan. (b) The terms and conditions of the Long Term Incentive Equity Awards will be set forth in award agreements provided by the Parent, electronically or otherwise and will be provided to the Executive as soon as practicable after the grant dates and which the Executive will be required to sign or accept in accordance with the Parent's acceptance procedures. View More