Annual RSU Grant Sample Clauses

Annual RSU Grant. Subject to the approval of the Company’s Board of Directors (or a duly constituted committee thereof), beginning in the 2019 fiscal year, you will be eligible to receive an annual grant of restricted stock units (the “RSUs”) (each grant, an “Annual RSU Grant”). Each Annual RSU Grant will be subject to the terms and conditions set forth (i) in the Company’s 2019 Equity Incentive Plan, as amended (the “Incentive Plan”), or any applicable successor plan, and (ii) in the applicable award agreement. The Company will determine the amount of each Annual RSU Grant, and the applicable vesting conditions, on an annual basis.
Sample 1
Annual RSU Grant. Subject to the approval of the Company’s Board of Directors (or a duly constituted committee thereof), you will be eligible to receive an annual equity refresh grant (each grant, an “Annual Equity Refresh Grant”). Each Annual Equity Refresh Grant will be subject to the terms and conditions set forth (i) in the Company’s 2019 Equity Incentive Plan, as amended, or any applicable successor plan, and (ii) in the applicable award agreement. Equity refresh awards are subject to manager and Company discretion, based on your performance and the performance of the Company. The Company will determine the amount of each Annual Equity Refresh Grant, and the applicable vesting conditions, on an annual basis.” Except for the modifications in this Addendum, all other terms and conditions contained in the Employment Agreement will remain unchanged and shall be in full force and effect. Both this Addendum and the Employment Agreement shall be construed in accordance with and governed by the choice of law provisions set forth in the Employment Agreement. This Addendum may be executed by pdf or other electronic signature and by one or more counterpart signatures, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. ACCEPTED AND AGREED: Uber Technologies, Inc. /s/ Xxxxxx Xxxx By: /s/ Xxxxx Xxxxxxxxxxxxx Xxxxxx Xxxx Name: Xxxxx Xxxxxxxxxxxxx Title: Chief People Officer February 28, 2020 February 28, 2020
Sample 1
Annual RSU Grant i. The equity compensation set forth below will be granted under an Equity Incentive Plan, as amended and restated from time to time, or any successor equity incentive plan adopted by the Company (the “Plan”). We expect to adopt the Plan in connection with our IPO.
Sample 1
Annual RSU Grant. Subject to the approval of the Company’s Board of Directors (or a duly constituted committee thereof), the Company shall grant you, on an annual basis early in each fiscal year and in accordance with the 2019 Equity Incentive Plan, as amended, or any applicable successor plan (the “Incentive Plan”), that number of restricted stock units (the “RSUs”) with respect to shares of the Company’s Common Stock as follows: in each of 2020 and 2021, that number of RSUs determined by dividing $6,250,000 by the closing price per share of such equity securities on the date of grant (each such RSU grant, an “Annual RSU Grant”). Each Annual RSU Grant will be generally in the same form and terms as provided to the senior executives (including the CEO). They will have the following additional vesting conditions: (i) fifty percent (50%) of the RSUs covered by the Annual RSU Grant shall be subject to service-based vesting such that 12/48 of such RSUs shall vest on the one-year anniversary of the vesting commencement date and thereafter 1/48 of such RSUs shall vest on each monthly anniversary of the vesting commencement date, which shall be the date of grant of such RSUs or the vesting commencement date that applies generally to other senior executives for annual RSU grants from time to time, subject in each case to your continued service through the applicable service-based vesting date; and (ii) fifty percent (50%) of the RSUs covered by the Annual RSU Grant shall be subject to performance-based goals generally consistent with performance criteria for the CEO and other senior executives. The performance criteria will be determined and modified as needed by the Company generally consistent with modifications made to the performance criteria of other senior executives, including the CEO. Each Annual RSU Grant will be subject to the terms and conditions set forth in (i) the Incentive Plan, and (ii) in the applicable award agreement.
Sample 1
Annual RSU Grant. Subject to the approval of the Company’s Board of Directors (or a duly constituted committee thereof), beginning in the 2019 fiscal year, you will be eligible to receive an annual grant of restricted stock units (the “RSUs”) (each grant, an “Annual RSU Grant”). Each Annual RSU Grant will be subject to the terms and conditions set forth (i) in the Company’s 2019 Equity Incentive Plan, as amended, or any applicable successor plan, and (ii) in the applicable award agreement. The Company will determine the amount of each Annual RSU Grant, and the applicable vesting conditions, on an annual basis. The foregoing provisions (a)-(c) are subject to the terms and conditions of any applicable plans and/or policies of the Company, as amended from time to time. You agree to pay any income or other taxes that are required to be paid in connection with your receipt of these benefits.
Sample 1
Annual RSU Grant. Subject to the approval of the Company’s Board of Directors (or a duly constituted committee thereof), the Company will grant you, on an annual basis each fiscal year when annual grants are made to other senior executives of the Company generally and in accordance with the Company’s 2019 Equity Incentive Plan, as amended, or any applicable successor plan (the “Incentive Plan”), restricted stock units (the “RSUs”) with respect to shares of the Company’s Common Stock. We expect that the annual RSU program will be allocated 50/50 between time-based and performance-based conditions, in a manner consistent with other senior executives of the Company (including the CEO). These RSUs will be awarded as follows: (i) in 2021, before September 10, 2021, the number of RSUs determined by dividing $5,000,000 by the closing price per share of such equity securities on the date of grant; and (ii) in 2022, the number of RSUs determined by dividing $5,000,000 by the closing price per share of such equity securities on the date of grant (each such RSU grant, an “Annual RSU Grant”). Each Annual RSU Grant will be generally in the same form and terms as provided to the senior executives (including the CEO). Each Annual RSU Grant will be subject to the terms and conditions set forth (i) in the Incentive Plan, and (ii) in the applicable award agreement.
Sample 1
AutoNDA by SimpleDocs

Related to Annual RSU Grant

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Restricted Stock Unit Grant In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted promptly following the Commencement Date, under the Stock Plan, an award of 14,063 restricted stock units to be settled in shares of the common stock of ART (the “Restricted Stock Units”), subject to the approval of the Compensation Committee of the Board of Directors of ART. Such award shall be governed by the Stock Plan and a restricted stock unit award agreement between the Executive and ART. Subject to terms of the Stock Plan and the award agreement for the Restricted Stock Units, the Restricted Stock Units shall vest in equal one-third (1/3) installments on the second, third and fourth anniversaries of the date of grant of such award, subject to the Executive’s continuous employment with the Company from the date of grant of such award through such vesting dates, except as otherwise provided in Section 7(b).

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • Grant of Deferred Stock Units Effective as of the Grant Date, the Company hereby grants to the Executive Deferred Stock Units. In accepting the award of Deferred Stock Units granted in this Agreement the Executive accepts and agrees to be bound by all the terms and conditions of the Plan and this Agreement. The Company shall cause to be delivered to the Executive in electronic or certificated form any shares of the Common Stock that are to be issued under the terms of this Agreement in exchange for Deferred Stock Units awarded hereby, and such shares of the Common Stock shall be transferable by the Executive as provided herein (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable securities law).

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • RSU Award An RSU Award shall be similar in nature to a Restricted Stock Award except that no shares of Stock are actually transferred to the Holder until a later date specified in the applicable Award Agreement. Each RSU shall have a value equal to the Fair Market Value of a share of Stock.

  • RESTRICTED STOCK UNITS AWARD The Compensation and Management Development Committee of the Board of Directors of Xxxxxxx-Xxxxx Squibb Company (the “Committee”) has granted to you as of the Award Date an Award of RSUs as designated herein subject to the terms, conditions, and restrictions set forth in this Agreement and the Plan. Each RSU shall represent the conditional right to receive, upon settlement of the RSU, one share of Xxxxxxx-Xxxxx Squibb Common Stock (“Common Stock”) or, at the discretion of the Company, the cash equivalent thereof (subject to any tax withholding as described in Section 4). The purpose of such Award is to motivate and retain you as an employee of the Company or a subsidiary of the Company, to encourage you to continue to give your best efforts for the Company’s future success, and to increase your proprietary interest in the Company. Except as may be required by law, you are not required to make any payment (other than payments for taxes pursuant to Section 4 hereof) or provide any consideration other than the rendering of future services to the Company or a subsidiary of the Company.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

Time is Money Join Law Insider Premium to draft better contracts faster.