Employment Inducement Awards. As an incentive to accepting employment with the Company and entering into this Agreement, Executive will be awarded upon the commencement of the Employment Term the following grants: Fifty thousand (50,000) shares of time restricted stock, which restrictions shall be removed (subject to other conditions precedent) over a four (4) year period as follows - 50% on the second anniversary of the commencement of the Employment Term and 50% on the fourth anniversary of the commencement of the Employment Term.
Employment Inducement Awards. As an incentive to accepting employment with Company and entering into this Agreement, Executive will be awarded upon Employment Date one hundred thousand (100,000) shares of restricted stock, which restrictions will be removed ratably over three (3) years with the first year being the anniversary of Employment Date.
Employment Inducement Awards. As an incentive to accepting employment with Company and entering into the Prior Employment Agreement, Executive was awarded at no cost to Executive: (i) three hundred seventy-five thousand (375,000) fair market value options at the market price on the day the Prior Employment Agreement was dated which vest ratably over three (3) years with the first year being the anniversary of the Prior Employment Agreement and (ii) two hundred fifty thousand (250,000) time restricted shares, which shares vest ratably over five (5) years with the first year being the anniversary of the Prior Employment Agreement.
Employment Inducement Awards. As an incentive to accepting employment with the Company and entering into this Agreement, Executive will be awarded upon the Effective Date with the following grants: Fifth Thousand (50,000) shares of time restricted stock, which restrictions shall be removed (subject to other conditions precedent) over a four (4) year period as follows-Fifty percent (50%) vesting on the second anniversary of the Effective Date and fifty percent (50%) vesting on the fourth anniversary of the Effective Date.
Employment Inducement Awards. (a) Executive shall be eligible for a guaranteed minimum bonus under the Company’s annual incentive compensation plan, for the fiscal year 2005 only, of $300,000 (less withholding). The bonus contemplated hereunder shall be paid no later than March 31, 2006 and is subject to continued active employment with the Company. The bonus contemplated hereunder is a part of, and not in addition to, any bonus earned pursuant to Section 5 hereof. Executive must be actively employed March 31, 2006 to receive this bonus.
(b) Upon the commencement of employment, Executive was granted 100,000 options to purchase shares of Company common stock. The options have an exercise price of $25.84 per share and vest in one-third increments if and at such time the Company’s stock price reaches predetermined performance hurdles, and otherwise will vest six years and eleven months from the grant date, subject to continued employment with the Company, and expire seven years from the grant date. Under no circumstances do these options vest earlier than December 31, 2005. Executive was also granted 50,000 options to purchase shares of Company common stock as of the date of her commencement of employment. These options have an exercise price of $25.34 per share and vest in one third increments on March 1, 2006, March 1, 2007 and March 1, 2008, subject to continued employment with the Company, and expire seven years from the grant date.
(c) Executive is also being awarded 61,000 shares of restricted stock units, which will vest according to the following schedule 1) 30,000 shares of which 7,500 shares vests 11/1/2005, 7,500 shares vest 11/1/2006, and 15,000 shares vest 11/1/2007; and 2) 31,000 shares of which 7,750 vest 3/1/2007, 7,750 shares vest 3/1/2008 and 15,500 shares vest 3/1/2009, subject to continued employment with the Company.
(d) Upon the commencement of employment, Executive is entitled to receive a one-time signing bonus of $100,000, subject to forfeiture in the event of a voluntary termination of Executive’s employment within 24 months of her commencement of employment.
(e) LNT will reimburse you for the net out-of-pocket value of any part of the signing bonus given by your prior employer to the extent you are required to repay such amount, LNT’s obligation not to exceed $125,000.00.
(f) LNT will reimburse you for your car lease payoff and net out-of-pocket value of any part of the relocation allowance given by your prior employer to the extent you are required to repay suc...
Employment Inducement Awards. As an incentive to accepting employment with the Company and entering into the NDF Contract and subsequently this Agreement, Executive was awarded upon the Employment Date with the following grants: one hundred thousand (100,000) shares of time-based restricted stock, which restrictions shall be removed (subject to other conditions precedent) over a four (4) year period as follows- fifty percent (50%) on the second anniversary of the Employment Date and fifty percent (50%) on the fourth anniversary of the Effective Date.
Employment Inducement Awards. (a) Executive shall be eligible for a guaranteed minimum bonus under the Company's annual incentive compensation plan, for the fiscal year 2004 only, of $460,000. The bonus contemplated hereunder shall be paid no later than March 31, 2005 and is subject to continued active employment with the Company. The bonus contemplated hereunder is a part of, and not in addition to, any bonus earned pursuant to Section 5 hereof.
(b) Upon the commencement of employment, Executive was granted 200,000 options to purchase shares of Company common stock. The options have an exercise price of $27.01 per share and vest in one-third increments if and at such time the Company's stock price reaches predetermined performance hurdles, and otherwise will vest six years and eleven months from the grant date, subject to continued employment with the Company, and expire seven years from the grant date. Under no circumstances do these options vest earlier than twelve months following the date of grant. Executive was also granted 100,000 options to purchase shares of Company common stock as of the date of his commencement of employment. These options have an exercise price of $27.01 per share and vest in five equal annual installments, subject to continued employment with the Company, and expire seven years from the grant date.
(c) Executive is also being awarded 25,000 shares of restricted stock units, which will vest in five equal installments starting on the anniversary of the date of his commencement of employment, subject to continued employment with the Company.
(d) Upon the commencement of employment, Executive was given a one-time signing bonus of $100,000, subject to forfeiture in the event of a voluntary termination of Executive's employment within 24 months of his commencement of employment.
Employment Inducement Awards. The grant by the Company to Executive of stock options to purchase 100,000 shares of Company common stock at an exercise price of $9.44, which is the fair market value on the date of grant.
Employment Inducement Awards. As an incentive to accepting employment with the Company and entering into this Agreement, Executive will be awarded upon the commencement of the Employment Term the following grants under the terms of the 2006 Equity Incentive Plan: Forty thousand (40,000) shares of time restricted stock, which restrictions shall be removed (subject to other conditions precedent) over a four (4) year period as follows — 50% on the second anniversary of the commencement of the Employment Term and 50% on the fourth anniversary of the commencement of the Employment Term; and , Twenty thousand (20,000) fair market value options at the market price of the day this Agreement is executed, options, with a ten (10) year term, vesting ratably over 3 years, with the first year being the anniversary of the date this Agreement is executed.
Employment Inducement Awards. As an incentive to accepting employment with Company and entering into this Agreement, Executive will be awarded upon execution of this Agreement and the Board will take any and all necessary action to make such award at no cost to Executive: (i) three hundred seventy-five thousand (375,000) fair market value options at the market price on the day this Agreement is dated which will vest ratably over three (3) years with the first year being the anniversary of this Employment Agreement and (ii) two hundred fifty thousand (200,000) time restricted shares, which shares shall vest ratably over five (5) years with the first year being the anniversary of this Employment Agreement.
