Equity Contract Clauses (411)

Grouped Into 23 Collections of Similar Clauses From Business Contracts

This page contains Equity clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Equity. As further compensation for the services to be performed hereunder, Employee shall be awarded certain rights to purchase or receive shares of the Company's Common Stock as follows: Upon execution of this Agreement, the Company will grant Employee options ("Options") to purchase forty thousand (40,000) shares of Common Stock in accordance with the terms of the Company's stock option plans and its standard option agreement, which shall vest according to the following schedule: (a) ten thousand (10...,000) options will vest on that date which is six months following the Commencement Date, and (b) the remaining thirty thousand (30,000) options will vest, in ten thousand (10,000) option increments, beginning on that date which is one year following the Commencement Date, and continuing on the same date of each year thereafter, until all remaining outstanding options have vested. The Options shall be exercisable at the fair market value of the Common Stock on the date of issuance and shall have a term of ten (10) years. This obligation, however, shall not preclude Employee from engaging in appropriate civic, charitable or religious activities or from devoting a reasonable amount of time to private investments or from serving on the boards of directors of companies, including closely held companies which are controlled by Employee, as long as these activities or services do not materially interfere or conflict with Employee's responsibilities to, or ability to perform her duties of employment by the Company under this Agreement. View More Arrow
Found in SONIC FOUNDRY INC contract
Equity. As further compensation for the services to be performed hereunder, Employee shall be awarded certain rights to purchase or receive shares of the Company's Common Stock as follows: (a) Initial Stock Option Grant. Upon execution the signing of this Agreement, the Company will grant Employee options ("Options") to purchase forty two hundred thousand (40,000) (200,000) shares of Common Stock in accordance with the terms of the Company's stock option plans and its standard option agreement, which sh...all vest according to the following schedule: (a) ten (i) thirty-five thousand (10,000) options (35,000) Options will vest on that date which is six months following the Commencement Date, and (b) (ii) the remaining thirty one hundred sixty five thousand (30,000) options (165,000) Options will vest, in ten five thousand (10,000) five hundred (5,500) option increments, beginning on that date which is one year seven months following the Commencement Date, and continuing on the same date of each year month thereafter, until all remaining outstanding options have vested. The Options shall be exercisable at the fair market value of the Common Stock on the date of issuance and shall have a term of ten (10) years. (b) Performance Stock Option. On or shortly after the signing of this Agreement, the Company will grant Employee an option ("Performance Option") to purchase one hundred fifty thousand (150,000) shares of Common Stock in accordance with the terms of the Company's stock option plans and its standard option agreement, except as set forth below. The Performance Option shall be exercisable at the fair market value of the Common Stock on the Commencement Date and shall have a term of ten (10) years. Shares subject to the Performance Option shall commence vesting upon metrics to be determined between the Employee and the Company. The parties will endeavor in good faith to determine reasonably achievable performance metrics within 90 days of the Commencement Date. Such metrics shall include, without limitation, Company profitability, revenue, and stock price, as the parties shall agree. This obligation, however, shall not preclude Employee from engaging in appropriate civic, charitable or religious activities or from devoting a reasonable amount of time to private investments or from serving on the boards of directors of other companies, including closely held companies which are controlled by Employee, as long as these activities or services do not materially interfere or conflict with Employee's responsibilities to, or ability to perform her his duties of employment by the Company under this Agreement. View More Arrow
Found in SONIC FOUNDRY INC contract
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Equity. Employee shall receive a grant of Five Hundred Thousand (500,000) common shares of Employer stock.
Found in REMARO GROUP CORP. contract
Equity. Employee shall receive a grant of Five Hundred Thousand Shares (500,000) common shares of Employer stock.
Found in REMARO GROUP CORP. contract
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Equity. Executive has already received a combination of restricted stock and/or a stock option (the "Options") under the Company's equity incentive plan (the "Stock Plan"). Such Options and restricted stock shall remain subject to the terms of the Stock Plan and the award agreements entered into in connection therewith, provided, that the accelerated vesting provisions of Section 8 hereof shall apply to all such Options and restricted stock.
Found in Frequency Therapeutics, Inc. contract
Equity. Executive has already received a combination of restricted stock and/or a stock option options (the "Options") under the Company's equity incentive plan (the "Stock Plan"). Such Options and restricted stock shall remain subject to the terms of the Stock Plan and the award agreements entered into in connection therewith, provided, that the accelerated vesting provisions of Section 8 hereof shall apply to all such Options and restricted stock. Options.
Found in Frequency Therapeutics, Inc. contract
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