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), 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 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. ii. Following the IPO Effective Date, you will be granted Restricted Share Units having a grant date value of US$20,000 (the “Annual RSU Grant”) at the IPO Effective Date and, in each year following the IPO Effective Date, on the date of the Company’s annual shareholder meeting. iii. The number of RSUs subject to each Annual RSU Grant will be equal to: (A) US$20,000, divided by (B) the average quoted closing trading price of the Company’s ordinary shares during the thirty (30) calendar days preceding and including the grant date, rounded down to the nearest whole share. Notwithstanding the foregoing, the number of RSUs subject to the Annual RSU Grant at the IPO Effective Date shall be equal to (x) US$20,000, divided by (y) the Company’s IPO share offer price. iv. The Annual RSU Grant will vest on the first anniversary of the grant date, subject to your continuous Board service on each applicable vesting date. v. The remaining terms and conditions of each Annual RSU Grant, including transferability restrictions, will be as set forth in the Plan or the RSU award agreement.
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.”
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), 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
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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.

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.

  • Restricted Stock Unit Award The Grantee is hereby granted NUMBER OF SHARES restricted stock units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of the Company's Common Stock, $.001 par value (the "Stock"), subject to the terms and conditions of this Agreement and the Plan.

  • 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.

  • 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.

  • Equity Grant Subject to approval by the Board and your execution of the Company’s standard form of Restricted Stock Agreement for executives (the “Restricted Stock Agreement”), you will be eligible to receive shares of the Company’s common stock under the Company’s 2017 Stock Option and Grant Plan (the “Plan”) equaling 15% of the Company’s outstanding common stock on a fully-diluted basis as of the grant date and after giving effect to the grant. If the Company closes Preferred Round on or prior to December 31, 2019 (and provided that you are still employed by the Company at the time of such closing), the Company shall issue you an additional award of restricted shares of Company common stock under the Plan in an amount such that, after giving effect to such additional issuance, you have been granted shares of common stock equal to 15% of the Company’s outstanding common stock on a fully-diluted basis upon closing of (and giving effect to) the Preferred Round. If the Preferred Round closes in multiple tranches (including tranches closed in the future, if initial closings of at least $3,000,000 occur by December, 2019), you will receive an additional award upon the closing of each tranche, in accordance with the foregoing. All shares of Company common stock granted to you shall be subject to repurchase and forfeiture as set forth in Restricted Stock Agreement, which shall provide that, subject to Section 6, the granted shares shall vest as follows: (i) 25% of the granted shares will vest on the three-month anniversary of the Commencement Date and (ii) thereafter, the remaining unvested shares will vest in equal quarterly installments over a three-year period, on the last day of each calendar quarter (i.e., March 31, June 30, September 30 and December 31), commencing on September 30, 2018; provided, that upon a Sale Event (as defined in the Plan) all your then-unvested shares (to the extent not previously forfeited) shall vest. For the avoidance of doubt, the Company and the Board have reviewed and understands and accepts your academic and work experience, as the same has been provided to the Company by you. Accordingly, and assuming the accuracy of your academic and work experience, the definition of “Cause”, as applicable to any termination of your employment by the Company (whether under the Plan, your Restricted Stock Agreement or otherwise) shall not include, and shall not be triggered by, the Company’s or the Board’s assertion or belief that you lack requisite experience for your position. In addition to the foregoing equity grant, you shall be eligible for additional grants of Company common stock or options to acquire Company common stock at such time and on such terms as determined by the Company’s board of directors. ​ You shall also receive pre-emptive rights permitting you to preserve your vested equity position in the Company in the event of any additional issuances of Company common stock (or securities convertible into common stock), at a per-share price equal to then current fair market value, as reasonably determined by the Board in good faith. ​

  • Performance Shares Each Performance Share is a bookkeeping entry that records the equivalent of one Share. Upon the vesting of the Performance Shares as provided in Section 2, the vested Performance Shares will be settled as provided in Section 3.

  • Equity Incentive Awards The Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board and the Executive shall be eligible for consideration for such awards in the same manner as other senior executive officers of the Company. In the event of a Change of Control in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards of substantially equivalent value, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

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