Award and Vesting of Restricted Stock Units. (a) Subject to the terms and conditions of this Agreement and the provisions of the Plan, the Company hereby grants Restricted Stock Units to the Eligible Individual. Reference is made to the “Grant Details” that can be found on the equity plan website of the current professional selected by the Company to administer the Plan (the “Plan Administrator”), currently located at xxx.xxxxxxxxxxx.xxxxxxxx.xxx (or any successor equity administration system selected by the Company to manage the Plan from time to time). Your Grant Details, which sets forth the number of Restricted Stock Units granted to you by the Company, the Grant Date and the vesting schedule of the Restricted Stock Units (among other information), is hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.
(b) Subject to the terms and conditions of this Agreement, the Grant Details and the Plan, the Restricted Stock Units shall vest and no longer be subject to any restriction (such period during which restrictions apply shall be referred to as the “RSU Restriction Period”) on the dates detailed in the Grant Details.
(c) In the event a Termination of Employment of the Eligible Individual occurs during the RSU Restriction Period for any reason (whether or not in breach of local labor laws), the Eligible Individual’s right to receive the Restricted Stock Unit award and any vesting in the Restricted Stock Units under the Plan, if any, will terminate effective as of the date of the Termination of Employment and will not be extended by any notice period mandated under local law (e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); furthermore, in the event of a Termination of Employment (whether or not in breach of local labor laws), the Eligible Individual’s right to vest in Restricted Stock Units after Termination of Employment, if any, will be measured to the date of the Termination of Employment and will not be extended by any notice period mandated under local law.
(d) Notwithstanding the provisions of Sections 1(b) and 1(c) above, in the event the Eligible Individual incurs a Termination of Employment by the Company or any Subsidiary or Affiliate for Cause, or the Eligible Individual voluntarily incurs a Termination of Employment within two years after any event or circumstance that would have been grounds for a Termination of Employment for Cause, the Eligible Individual’s Restricted Stock Units (wh...
Award and Vesting of Restricted Stock Units. (a) Subject to the provisions of this Agreement and to the provisions of the Plan, the Corporation hereby grants to the Eligible Individual 62,235 Restricted Stock Units pursuant to Section 7 of the Plan. Reference is made to the “Summary of Award” that can be found on the Sxxxx Xxxxxx Benefit Access System at wxx.xxxxxxxxxxxxx.xxx. Your Summary of Award, which sets forth the number of Restricted Stock Units granted to you by the Corporation and the Award Date (among other information), is hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.
(b) Subject to the terms and conditions of this Agreement and the provisions of the Plan and contingent upon satisfaction of applicable performance goals approved by the Committee (the “Performance Goals”), the Restricted Stock Units shall vest and no longer be subject to any restriction (such period during which restrictions apply is the “Restriction Period”) as follows:
Award and Vesting of Restricted Stock Units. (a) Subject to the provisions of this Agreement and to the provisions of the Plan, the Corporation hereby grants Restricted Stock Units to the Participant pursuant to Section 7 of the Plan. Your Summary of Award sets forth the number of Restricted Stock Units granted to you by the Corporation and the Award Date (among other information).
(b) Subject to the terms and conditions of this Agreement, the provisions of the Plan, the Restricted Stock Units shall vest and no longer be subject to any restriction (such period during which restrictions apply is the “Restriction Period”):
Award and Vesting of Restricted Stock Units. Effective as of the Grant Date set forth in the Notice, the Company hereby grants to Participant named in the Notice an award of Restricted Stock Units, as set forth in the Notice. Subject to the earlier vesting or forfeiture of Restricted Stock Units as provided in Section 4 below, the Restricted Stock Units awarded to Participant shall vest and the Shares shall be delivered to Participant as set forth in the Notice.
Award and Vesting of Restricted Stock Units. (a) Subject to the terms and conditions of this Agreement and the Plan and the Grant Details, the Company hereby grants Restricted Stock Units to the Eligible Individual. Reference is made to the “Grant Details” that can be found on the equity plan website of the current professional selected by the Company to administer the Plan (the “Plan Administrator”), currently located at xxx.xxxxxxxxxxx.xxxxxxxx.xxx (or any successor equity administration system selected by the Company to manage the Plan from time to time). Your Grant Details, which sets forth the number of Restricted Stock Units granted to you by the Company, the Grant Date and the vesting schedule of the Restricted Stock Units (among other information), is hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.
(b) Subject to the terms and conditions of this Agreement, the Grant Details and the Plan, the Restricted Stock Units shall vest and no longer be subject to any restriction (such period during which restrictions apply shall be referred to as the “RSU Restriction Period”) on the dates detailed in the Grant Details.
(c) In the event a Termination of Employment of the Eligible Individual occurs during the RSU Restriction Period for any reason (or for no reason), all remaining unvested Restricted Stock Units shall be forfeited by the Eligible Individual and canceled in their entirety effective immediately as of the date of such Termination of Employment.
Award and Vesting of Restricted Stock Units. (a) Subject to the provisions of this Agreement and to the provisions of the Plan, the Corporation hereby grants to the Eligible Individual 800,000 restricted stock units (the "Restricted Stock Units") pursuant to Section 7 of the Plan. Reference is made to the "Summary of Award" that can be found on the Smith Barney Benefit Access System at www.benefitaccess.com. Your Suxxxxx xx Xxxrd, which sets forth the nxxxxx xx Xxxxxxxxxx Xtock Units granted to you by the Corporation and the Award Date (among other information), is hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.
(b) Subject to the terms and conditions of this Agreement and the provisions of the Plan, the Restricted Stock Units shall vest and no longer be subject to any restriction (such period during which restrictions apply is the "Restriction Period") in the event both (i) one of the two performance goals approved by the Committee (the "Performance Goals") and relating to EBITA or the Corporation's stock price is achieved and (ii) the OIBA Target (as defined below) is achieved (collectively, the "Combined Goals"): Vesting Date Percentage of Total Grant Vesting ------------ --------------------------------- Upon the attainment by the Corporation 75% of the Combined Goals (as further referenced below) On the one year anniversary of the 25% attainment of the Combined Goals, provided the Eligible Employee has not voluntarily terminated his employment with the Corporation and has not been terminated by the Corporation for Cause
Award and Vesting of Restricted Stock Units. (a) This Agreement covers restricted stock units with respect to 400,000 Shares (the “Restricted Stock Units”). Reference is made to the “Summary of Award” that can be found on the Xxxxx Xxxxxx Benefit Access System at xxx.xxxxxxxxxxxxx.xxx. The Summary of Award, which sets forth the number of Restricted Stock Units granted to the Eligible Individual by the Corporation and the Award Date (among other information), is hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.
(b) Subject to the terms and conditions of this Agreement and the provisions of the Plan and subject to the Eligible Individual’s continuous Service through the applicable vesting dates, the Restricted Stock Units shall vest and no longer be subject to any restriction (such period during which restrictions apply is the “Restriction Period”) as set forth below in the event both (i) one of the two performance goals approved by the Committee (the “Performance Goals”) and relating to EBITA or the Corporation’s stock price is achieved and (ii) the Expedia OIBA Target (as defined in Exhibit A) is achieved (collectively, the “Combined Goals”):
Award and Vesting of Restricted Stock Units. (a) Subject to the terms and conditions of this Agreement, the Plan and the Grant Details (as defined below), the Company hereby grants 426,000 Restricted Stock Units to the Eligible Individual. Reference is made to the “Grant Details” that can be found on the equity plan website of the current professional selected by the Company to administer the Plan (the “Plan Administrator”), currently located at wxx.xxxxxxxxxxx.xxxxxxxx.xxx (or any successor equity administration system selected by the Company to manage the Plan from time to time), which is hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.
(b) Subject to the terms and conditions of this Agreement, the Grant Details and the Plan, 213,000 of the Restricted Stock Units shall vest and no longer be subject to any restriction on August 1, 2021 and 213,000 of the Restricted Stock Units shall vest and no longer be subject to any restriction on August I, 2022 (such period commencing August l, 2017 and during which restrictions apply shall be referred to as the “RSU Restriction Period”).
(c) In the event a Termination of Employment of the Eligible Individual occurs during the RSU Restriction Period for any reason (or for no reason) and except as provided in Section 2 below, the terms of the Employment Agreement dated March 31, 2014 between TripAdvisor LLC and the Eligible Individual (as the same may be amended from time to time, the “Employment Agreement”) shall dictate the treatment of the Award and, to the extent it is not provided for in the Employment Agreement, then the terms of the Plan shall dictate the treatment of the Award.
Award and Vesting of Restricted Stock Units. Award) of the Restricted Stock Unit Award Agreement is hereby amended and restated in its entirety to read as follows:
Award and Vesting of Restricted Stock Units. (a) Subject to the terms and conditions of this Agreement, the Plan and the Grant Details (as defined below), the Company hereby grants 266,250 RSUs (the “Maximum RSUs”) to the Eligible Individual, with a target number of 213,000 RSUs (“Total Target RSUs”), to be earned over a period of four years. The actual number of RSUs to be earned each year pursuant to this Agreement will be based on the extent to which the performance metrics described on Schedule I (the “Performance Metrics”) are achieved relative to the targets described on Schedule I and may be more or less than the Total Target RSUs. In no event will the number of RSUs earned hereunder exceed the Maximum RSUs. Reference is made to the “Grant Details” that can be found on the equity plan website of the current professional selected by the Company to administer the Plan (the “Plan Administrator”), currently located at wxx.xxxxxxxxxxx.xxxxxxxx.xxx (or any successor equity administration system selected by the Company to manage the Plan from time to time), which is hereby incorporated by reference into, and shall be read as part and parcel of, this Agreement.
(b) The number of RSUs earned under this Award shall be calculated as provided in Schedule I following the completion of each of the performance periods described on Schedule I (each a “Performance Period” and collectively, the “Performance Periods”) and on the basis of the level to which the Performance Metrics specified on Schedule I are actually attained relative to the targets for each Performance Period. For purposes of clarity, vesting shall be determined as follows: If the Company fails to achieve at least 75% of the Performance Metric target for each Performance Period, zero RSUs will be earned for such Performance Period. If the Company achieves 75% of the Performance Metric target for each Performance Period, 50% of the Target RSUs set forth on Schedule I opposite the Performance Metric target will be earned for such Performance Period. If the Company achieves 100% of the Performance Metric target for each Performance Period, 100% of the Target RSUs set forth on Schedule I opposite the Performance Metric target will be earned for such Performance Period. If the Company achieves 112.5% or more of the Performance Metric target for each Performance Period, then 125% of the Target RSUs set forth on Schedule I opposite the Performance Metric target will be earned for such Performance Period. For performance above 75% of target and below 11...
