Additional Equity Compensation Sample Clauses

Additional Equity Compensation. (1) The Corporation shall grant to the Executive (i) 400,000 shares of outstanding shares of Corporation common stock that shall be subject to a lapsing right of forfeiture which right shall lapse 1/12th per month over the 12 month period beginning with the Commencement Date ("Restricted Stock"), (ii) an option to purchase 2,000,000 of the outstanding shares of the Corporation's common stock which will have an exercise equal to twenty cents ($0.20) per share; and (iii) 1,500,000 of the outstanding shares of the Corporation's common stock, which will have an exercise price equal to fifty cents ($0.50) per share. The grants in (ii) and (iii) are referred to collectively herein as the "Option" or "Options." The parties hereto agree and understand that the Corporation is consummating a merger between the Corporation and Ener1 Acquisition Corporation (the "Merger") and filing a registration statement on Form S-1 with the Securities Exchange Commission and that, on the date the Merger is consummated (the "Issue Date"), a stock split may occur. All references to shares and options in this Agreement assume that the Merger will be consummated and the registration completed and that as a result 100,000,000 shares are issued and outstanding. If for any reason (including without limitation the failure of the Corporation to consummate the Merger or complete the filing) the number of issued and outstanding shares is not 100,000,000, the number of shares underlying the Restricted Stock grant and the Option (along with each Option's exercise price),shall be adjusted accordingly and in accordance with the provisions of subsection (e)(4) herein. The Corporation shall issue the Restricted Stock and the Options as soon as reasonably practicable after the Commencement Date, but in no event later than the earliest to occur of the Issue Date or the date on which the Merger is terminated. For purposes of clarification and to diminish doubt, the granting of Restricted Stock or Options hereunder are not conditioned upon the consummation of the Merger or the successful filing of the S-1 and such grants shall be made by the Corporation (in accordance with the terms hereof) whether or not such Merger is consummated or the S-1 completed. (2) The Option issued pursuant to subsection (e)(1)(ii) shall vest 1/36th per month from the Commencement Date. The Option issued pursuant to subsection (e)(1)(iii) shall 100% vest on the first to occur of the Corporation achieving cumulative sales rev...

Additional Equity Compensation a. Contemporaneously with the execution of this Agreement, Employee will surrender to the Company the stock certificate(s) representing the 1,000,000 shares of the Company’s Common Stock issued to Employee pursuant to Section 4.1 of the Consulting Agreement. In addition, Employee will surrender to the Company the stock certificate(s) representing the 250,000 shares of the Company’s Common Stock issued to Employee in two separate, 125,000 share increments, in May and July 2000 respectively, stock certificate(s) issued in March, 2000 representing 50,000 shares of the Company’s Common Stock and stock certificate(s) issued in April, 2000 representing 25,000 shares of the Company’s Common Stock. b. Contemporaneously with the execution of this Agreement, the Company will issue to Employee an option to purchase 2,100,000 shares of the Company’s Common Stock at an exercise price of $.46 per share pursuant to the terms of an option agreement in the form attached hereto as Exhibit A. c. On January 1, 2001, the Company will issue to Employee an option to purchase 666,667 shares of the Company’s Common Stock at an exercise price equal to 25% of the closing sales price of the Company’s Common Stock on January 1, 2001. The option shall be evidenced by an option agreement substantially in the form attached hereto as Exhibit B. These options are to be granted in lieu of the restricted stock grants referred to in Section 4.1 of the Consulting Agreement, which originally called for the issuances of 250,000 restricted shares each on February 1, 2001 and April 1, 2000, respectively.

Additional Equity Compensation. With respect to equity compensation awards that may in the future be made generally to Peer Executives, Executive shall be entitled to participate in such awards, subject to the terms and conditions of the applicable equity compensation plan and award instrument, on the same basis as the other Peer Executives. The Company shall set the amount and terms of such options or other equity or equity-based compensation, subject to approval of the Board or the Compensation Committee if required.

Additional Equity Compensation. (a) In section 3.4.1, the clause “, including any Matching RSUs (as defined below)” is hereby deleted in its entirety. (b) The existing Section 3.4.2 of the Agreement is hereby deleted in its entirety.

Additional Equity Compensation. One (1) years after the commencement of the Term, an additional One Million Five Hundred (1,500,000) shares of Company Common Stock (the “Additional Company Equity”) shall be awarded to Brand Ambassador; provided that Brand Ambassador meets the terms of a successful criteria to be mutually agreed upon by Parties. 1 Tax implications for receipt of Company Equity are under review and undetermined at this time. Brand Ambassador and Company reserve rights to request an alternate structure in the event that there are adverse or negative tax implications for Brand Ambassador.

Additional Equity Compensation. Typhoon will receive 50,000 shares of 144 restricted common stock to be issued upon signing. The Company also represents and warrants to Typhoon that it will comply with all applicable requirements necessary to allow Typhoon to utilize Rule 144 under the Securities Act of 1933, as amended (or any successor or similar rule, the "Securities Act"). Typhoon acknowledges that the certificate representing the 50,000 shares of common stock will bear substantially the following restrictive legend: THE SHARES OF STOCK EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED ("THE ACT") NOR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATES, AND HAVE BEEN ISSUED IN RELIANCE UPON EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION FOR NONPUBLIC OFFERINGS. ACCORDINGLY, THE SALE, TRANSFER, PLEDGE, HYPOTHECATION, OR OTHER DISPOSITION OF ANY SUCH SECURITIES OR ANY INTEREST THEREIN MAY NOT BE ACCOMPLISHED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN OPINION OF COUNSEL SATISFACTORY IN FORM AND SUBSTANCE TO THE CORPORATION TO THE EFFECT THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED.

Additional Equity Compensation. Consultant will be eligible to receive other grants of equity awards from the Company under the Plan or other equity compensation plans the Company adopts in the future. Any grants of equity awards to Consultant (other than the Annual Equity Award) will be at the discretion of the Board, the Compensation Committee of the Board or such other committee or person to whom authority to grant equity awards under the Plan has been delegated.

Additional Equity Compensation. The Consultant shall earn additional equity compensation based on his value contributed to the Company. This will be determined in the future between the Consultant and the board of directors of the Company.

Additional Equity Compensation. Executive shall participate in any ------------------------------ other Company equity incentive plan consistent with his position that may be adopted by the Company during the term of this Agreement;