Employment Inducement Award. This Award is intended to be an “employment inducement grant” in accordance with NASDAQ Listing Rule 5635(c)(4) and consequently is intended to be exempt from the NASDAQ rules regarding shareholder approval of equity compensation plans. This Agreement and the terms and conditions of the Award shall be interpreted in accordance with and consistent with such exemption. The Company shall cause the Class A Shares issuable in respect of the SARs (defined below) to be registered under the Securities Act of 1933.
Employment Inducement Award. The Company shall grant the Executive under the Equity Plan as of January 1, 2007 a Restricted Stock Award (“Restricted Stock”) equal to 500,000 shares of the Company’s common stock subject to the following terms and conditions:
Employment Inducement Award. In consideration of the Executive’s commencement of employment with the Company, the Company will award and pay to the Executive an award of 6,667 Restricted Stock (the “RSUs”). Full vesting will occur upon the one year anniversary of commencement of employment of Executive with Company.
Employment Inducement Award. The Stock Units are intended to constitute an “employment inducement award” under NASDAQ Rule 5635(c)(4) that is exempt from the requirements of stockholder approval of equity compensation plans under NASDAQ Rule 5635(c)(4). This Agreement and the terms and conditions of the Stock Units will be interpreted consistent with such intent.
Employment Inducement Award. This RSU Award is an employment inducement award made in accordance with Rule 303A.08 of the New York Stock Exchange Listed Company Manual and is not granted under any stock incentive plan adopted by the Company. Notwithstanding the preceding sentence, this RSU Award shall be construed as if the RSU Award had been granted under the Fluor Corporation 2020 Performance Incentive Plan (the "Plan") in accordance with and consistent with, and shall be treated as subject to, all of the terms and conditions of the Plan, including any terms, rules or determinations made by the Committee pursuant to its administrative authority under the Plan, and such further terms as are set forth in the Plan that are applicable to awards thereunder, including without limitation provisions on adjustment of awards, non-transferability, satisfaction of tax requirements and compliance with other laws.
Employment Inducement Award. Flexsteel Industries, Inc., a Minnesota Corporation (the “Company”), hereby grants to Kxxxx X. Xxxxxxxxx a Restricted Stock Unit Award (the “Award”). The Grant date is July 1, 2012. The Restricted Stock Units represent the right to receive ten thousand (10,000) shares of common stock of the Company (the “Shares”) subject to the terms and conditions set forth in this Restricted Stock Unit Award Agreement (this “Agreement”).
Employment Inducement Award. Pursuant to Section 1.2(d) of the Employment Agreement, the Company awarded Executive 50,000 shares of time restricted stock. Executive acknowledges and agrees that all such restrictions were removed and the shares became fully vested as of October 18, 2014, and, therefore, no further vesting is required under Section 2.3 of the Employment Agreement.
Employment Inducement Award. This Option is an employment inducement award made in accordance with Rule 303A.08 of the New York Stock Exchange Listed Company Manual and is not granted under any stock incentive plan adopted by the Company. Notwithstanding the preceding sentence, the Option shall be construed as if the Option had been granted under the Fluor Corporation 2020 Performance Incentive Plan (the “Plan”) in accordance with and consistent with, and shall be treated as subject to, all of the terms and conditions of the Plan, including any terms, rules or determinations made by the Committee pursuant to its administrative authority under the Plan, and such further terms as are set forth in the Plan that are applicable to awards thereunder, including without limitation provisions on adjustment of awards, non-transferability, satisfaction of tax requirements and compliance with other laws. The Option is not intended to be an "incentive stock option" within the meaning of that term under Code Section 422.
Employment Inducement Award. (i) As an inducement to accept the Company’s offer of employment, on the Commencement Date the Company shall grant to the Executive PSU’s issued under the 2009 Plan equal to a number of shares of Common Stock with a Fair Market Value on the Commencement Date of One Million, Five Hundred Thousand Dollars ($1,500,000) (the “Employment Inducement Award”). The number of PSU’s to be issued shall be determined by dividing $1,500,000 by the Fair Market Value of the Company’s Common Stock on the date of grant. The PSU’s issued under the Employment Inducement Award shall be subject to the terms and conditions of the 2009 Plan and a Performance Stock Unit Award Agreement, substantially in the form annexed hereto as Exhibit B (the “Employment Inducement Award Agreement”) and which Employment Inducement Award Agreement shall provide for a performance metric of relative total shareholder return (“TSR”) over a three year performance period (“Performance Period”) measured against a comparator group or industry index selected by the Compensation Committee. To receive these PSU’s, Executive would have to be employed during the entire Performance Period and neither Executive nor the Company would have given notice of the termination of Executive’s employment. The PSU’s issued under the Employment Inducement Award shall “cliff” vest at the end of the Performance Period and shall be paid within thirty (30) days following the last day of the Performance Period. Notwithstanding the foregoing, if Executive’s employment with the Company under this Agreement is terminated by the Company without Cause or by the Executive for Good Reason, Executive shall remain eligible to receive the pro rata number of PSU’s, based on the percentage of the Performance Period during which he was employed, provided the performance metric is met on such date, based on the comparative performance criteria set forth in this Section 4(e) if the date of termination had been the last date of the Performance Period, such pro rata number of PSU’s to vest at the end of the Performance Period (and be paid within thirty (30) days following the last day of the Performance Period), provided Executive continues to be in compliance with Section 6 of this Agreement.
