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Omnibus Plan means the Company's shareholder approved incentive plan or plans, which may include long-term equity-based compensation plans, short-term performance-based compensation plans and any other similar plans, as such may be in effect from time to time.
Related Definitions Omnibus Equity Incentive Plan means the equity compensation plan the Board of Directors has adopted whereby options, shares, and other share awards may be granted to the Corporation's Directors, officers, employees, and consultants. Omnibus Equity Incentive Plan Definition | Law Insider lawinsider.com ? dictionary ? omnibus-equit... lawinsider.com ? dictionary ? omnibus-equit...
They provide employees the right, but not the obligation, to purchase shares of their employer's stock at a certain price for a certain period of time. Options are usually granted at the current market price of the stock and last for up to 10 years. Compensation: Incentive Plans: Stock Options - HR Guide hr-guide.com ? Compensation ? Stock_Options hr-guide.com ? Compensation ? Stock_Options
Related Definitions Omnibus Equity Incentive Plan means the equity compensation plan the Board of Directors has adopted whereby options, shares, and other share awards may be granted to the Corporation's Directors, officers, employees, and consultants.