{"componentChunkName":"component---src-templates-blog-post-ts","path":"/employment-inducement-awards-for-chief-executive-includes-acceleration-clause-in-stock-option-plan/","result":{"data":{"site":{"siteMetadata":{"title":"Clausehound Blog","author":"Joshua Koudys"}},"markdownRemark":{"id":"6c9d37cb-a284-5f12-9a6c-a8dfd355b1ab","excerpt":"FTI Consulting granted ‘Employment Inducement Awards’ to induce its new Chief Strategy and Transformation Officer to join the company. The Inducement Awards…","html":"<p>FTI Consulting granted ‘Employment Inducement Awards’ to induce its new Chief Strategy and Transformation Officer to join the company. The Inducement Awards included a stock option grant that was ‘outside of the shareholder approved program’ but ‘subject to the same terms and conditions’. The options were to vest over a period of three (3) years.</p>\n<p>Among the terms unique to the <strong>Employment Inducement Awards</strong>, was a provision for acceleration of vesting of the options “upon certain termination of employment events and certain transactions involving the Company”.</p>\n<p><a href=\"http://www.stockhouse.com/news/press-releases/2014/08/26/fti-consulting-awards-employment-inducement-awards-to-chief-strategy-and?\" target=\"_blank\" rel=\"nofollow noopener\">Read the article here.</a></p>\n<h3>Takeaway:</h3>\n<ul>\n<li>Special provisions can be added to stock option plans to make them more attractive, especially in the case of an higher echelon executive.</li>\n</ul>","frontmatter":{"title":"Employment Inducement Awards for Chief Executive Includes Acceleration Clause in Stock Option Plan","date":"October 28, 2015","description":"FTI Consulting granted 'Employment Inducement Awards' to induce its new Chief Strategy and Transformation Officer to join the company. The Inducement Awards included a stock option grant that was 'outside of the shareholder approved program' but 'subject to the same terms and conditions'.","author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal","bio":"Rajah Lehal is Founder and CEO of Clausehound.com.  Rajah is a legal technologist and technology lawyer who is, together with the Clausehound team, capturing and sharing lawyer expertise, building deal negotiation libraries, teaching negotiation in classrooms, and automating negotiation with software.","image":{"childImageSharp":{"fluid":{"base64":"data:image/jpeg;base64,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","aspectRatio":1,"src":"/static/d7bbad08c257f3987a4a5710553e9e17/bdd4d/Rajah.jpg","srcSet":"/static/d7bbad08c257f3987a4a5710553e9e17/2b9ee/Rajah.jpg 80w,\n/static/d7bbad08c257f3987a4a5710553e9e17/e5d64/Rajah.jpg 160w,\n/static/d7bbad08c257f3987a4a5710553e9e17/bdd4d/Rajah.jpg 320w,\n/static/d7bbad08c257f3987a4a5710553e9e17/6e63d/Rajah.jpg 400w","sizes":"(max-width: 320px) 100vw, 320px"}}}},"tags":["ESOP","Acceleration","Human Resources","Rajah"]}}},"pageContext":{"slug":"/employment-inducement-awards-for-chief-executive-includes-acceleration-clause-in-stock-option-plan/","previous":{"fields":{"slug":"/esops-become-increasingly-popular-in-the-financial-sector/"},"frontmatter":{"title":"ESOP's Become Increasingly Popular in the Financial Sector","tags":["ESOP","Purpose of Option Plan","Human Resources","Rajah"],"author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal"}}},"next":{"fields":{"slug":"/not-for-profit-doesnt-mean-that-the-books-dont-need-to-balance/"},"frontmatter":{"title":"Not For Profit Doesn't Mean that the Books Don't Need to Balance!","tags":["Corporation Type","Not for Profit Articles of Incorporation","Company Formation","Rajah"],"author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal"}}}}}}