Equity Incentive Program Clause Samples
An Equity Incentive Program clause establishes a framework for granting company ownership interests, such as stock options or restricted shares, to employees, directors, or consultants. Typically, this clause outlines eligibility, the types of equity awards available, vesting schedules, and the process for granting and exercising these awards. Its core practical function is to align the interests of key personnel with the long-term success of the company, incentivizing performance and retention by offering a stake in the company's future growth.
Equity Incentive Program. During the Term, You shall be eligible to participate in the equity incentive program maintained for senior executive officers of the Company (the "Equity Incentive Program"), with an Equity Incentive Program target opportunity and equity vehicles determined by the Compensation Committee for each year of participation thereunder.
Equity Incentive Program. Executive shall be awarded, subject to the approval of the Compensation Committee, equity incentives with respect to shares of the Company’s common stock (“Shares”), which shall be granted under the Korn Ferry Fourth Amended and Restated 2008 Stock Incentive Plan, as the same may be amended from time to time (or a successor plan). Such annual equity incentives shall be awarded at the same time annual equity grants are awarded to the Company’s other executive officers, beginning with grants following the end of the Company’s 2021 fiscal year. The terms of any equity incentives granted shall be set by the Compensation Committee in its discretion based on the performance of the Company and Executive.
Equity Incentive Program. The Company shall grant to Executive from time to time (each grant to be effective as of the date the Company issues additional shares of its common stock) options to acquire shares of the common stock of the Company in an amount equal to one and one-quarter percent (1.25%) of the common stock issued by the Company from time to time in connection with the greater of: (i) the first $350 million of aggregate paid-in capital of the Company or (ii) the amount of aggregate paid-in capital of the Company pursuant to capital commitments accepted by the Company as of September 30, 2010 (not including any common stock outstanding as a result of the exercise of any options granted by the Company), at an exercise price per share equal to the fair market value (as defined in Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) as of each such date of grant (each such grant, and collectively, the “Equity Incentive”). The terms of the Equity Incentive shall include the terms set forth in Exhibit A to this Agreement and shall be subject to the terms and conditions of the Company’s applicable incentive plan and award agreement thereunder.
Equity Incentive Program. Executive shall be awarded, subject to the approval of the Board, equity incentives with respect to shares of the Company’s common stock (“Shares”), which shall be granted under an equity compensation plan of the Company as may be in effect from time to time. Such annual equity incentives shall be awarded at the same time annual option grants are awarded to the Company’s other executive officers, beginning with grants attributable to performance for the firm’s 2010 fiscal year. The terms of any equity incentives granted shall be set by the Board or the Compensation Committee.
(1) Executive shall receive a one-time stock option award subject to the discretion of and approval by the Board and /or Compensation Committee, with a target grant value of 75% of Executive’s base salary. Such grant will vest in four installments on the 1 st , 2 nd , 3 rd , and 4 th anniversary of the effective date of the grant, in each case subject to Executive’s continuous active full-time employment with the Company. The Stock Options award will be issued effective on the later of the start date or the date it is approved by the Board and /or Compensation Committee. Other terms of such grant shall be set by the Board and/or the Compensation Committee.
(2) Executive shall be eligible to receive an award of performance shares (“Performance Shares”), with a target grant value of 37.5% of Executive’s Annual Base Salary (as determined by the Board and/or the Compensation Committee) which will be earned at the end of, and based on the Company’s performance during, a performance period of 3 years (the “ Performance Period “). Other terms of such performance shares grant shall be set by the Board or the Compensation Committee.
(3) Executive shall be eligible to receive an annual grant of restricted stock and/or stock options, subject to the discretion of and approval of the Board and/or the Compensation Committee, with a target grant value of 37.5% of Executive’s Annual Base Salary (as determined by the Board and/or the Compensation Committee). Such grant will vest in four installments on the 1 st , 2 nd , 3 rd , and 4 th anniversary of the effective date of the grant, in each case subject to Executive’s continuous employment with the Company. Other terms of such restricted stock grant shall be set by the Board and/or the Compensation Committee.
Equity Incentive Program. Employee shall be eligible to participate in an equity incentive plan with terms and conditions established by the Board or a committee thereof, and to receive thereunder a “profits-only” interest in the Company, representing one percent (l%) of the total common equity of the Company as of the Effective Date as outlined in Exhibit B, that shall vest in Employee as of the Effective Date, on terms and conditions determined by the Board or a committee thereof.
Equity Incentive Program. The Employee shall receive Stock options as per the Stock Option Agreement attached as Exhibit A subject to the Equity Incentive Plan enacted by the Company.
Equity Incentive Program. Beginning January 1, 2018, Employee shall be eligible in any calendar year for up to 1,250 common share options priced at the end of that year share price in each year (“Target Equity Bonus”). For purpose of this Section 1(b)(iii), the value of each common stock option shall be 100% of the stock option price. (For example, if the stock option price is $60.00, the value of an option for one share of common stock would be $60.00.) In no event shall the value of the Target Equity Bonus of stock options or equity awarded under the provision contained in this Agreement together exceed an amount of 50% of the then Base Salary in any such year. Any Target Equity Bonus must be approved by the Company’s Board of Directors, in their sole discretion. The terms of the Company’s Equity Incentive Plan will govern any employee stock options or equity granted.”
Equity Incentive Program. You will be entitled to participate in the Company’s equity incentive program. The Company will grant you the right and option to purchase, on the terms and conditions set forth in a separate plan and award agreement, 18,000 Shares (the “Option”), subject to adjustment as set forth in the plan, with an exercise price equal to the fair market value of a share of the Company’s common stock on the date of grant, as determined by the Company in good faith. Furthermore, on your first anniversary, you will have the opportunity to be granted the right and option to purchase 7,000 additional Shares for a total of 25,000 Shares. Full details of the plan will be provided under separate cover in your Nonqualified Stock Option Award Agreement, which shall be controlling in all respects in the event of any inconsistency between such agreement and this Letter Agreement. 6. RELOCATION BONUS: You will receive a Relocation Bonus of $125,000 (the “Relocation Bonus”) to facilitate your transition and ultimate relocation from Atlanta to Sarasota. $25,000 will be paid upon your
Equity Incentive Program. Executive shall be awarded, subject to the approval of the Compensation Committee, equity incentives with respect to shares of the Company’s common stock (“Shares”), which shall be granted under the Korn Ferry 2022 Stock Incentive Plan, as the same may be amended from time to time (or a successor plan). Such annual equity incentives shall be awarded at the same time annual equity grants are awarded to the Company’s other executive officers, beginning with grants following the end of the Company’s 2024 fiscal year. The terms of any equity incentives granted shall be set by the Compensation Committee in its discretion based on the performance of the Company and Executive. In addition, Executive received a one-time promotion equity award in the form of restricted stock with a grant date fair value equal to $200,000, which shall vest in four equal annual installments beginning on September 5, 2024 with the final installment vesting on September 5, 2027, subject to Executive’s continued service through each such date (the “Promotion Equity Award”). The Promotion Equity Award is subject to the terms and conditions of the Plan and the applicable form of restricted stock award agreement approved for use under the Plan.
Equity Incentive Program. During the Term, You shall be eligible to participate in the equity incentive program maintained for senior executive officers of the Company (the “Equity Incentive Program”), with an Equity Incentive Program target opportunity and equity vehicles determined by the Compensation Committee for each year of participation thereunder; provided, that the target grant date fair value of your equity incentive opportunity under the Company’s Equity Incentive Program for the Company’s fiscal year 2026 shall be equal to $8,200,000 and shall be granted to you on May 1, 2025, provided that you are serving as the Company’s Chief Executive Officer as of such date and with such awards subject to the terms of the Company’s equity plan and the underlying equity award agreements approved by the Compensation Committee.