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When is a company required to file the LAS Notification for an inducement award to a new employee?

April 26, 2017award COMPANY employee file inducement Las NOTIFICATION

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When is a company required to file the LAS Notification for an inducement award to a new employee?

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When a company makes an equity grant to induce an individual to accept employment, pursuant to Listing Rule 5635(c)(4), notification is required to be filed no later than the earlier of: (i) five calendar days after an offer of employment is accepted, or other agreement made, pursuant to which inducement grants will be issued; or (ii) the date the company discloses the material terms of the grant in a press release.