Grant of Cash Award. Subject to the conditions and restrictions set forth below and in the Plan, the Company hereby grants to the Participant as of the Date of Grant, a Cash Award of $1,000,000. The Cash Award awarded hereunder shall be comprised of: (i) A Financial Performance Cash Award of $500,000, and (ii) An Available Days Cash Award of $500,000.
Appears in 2 contracts
Samples: Phantom Stock Agreement, Phantom Stock and Cash Award Agreement (Hercules Offshore, Inc.)
Grant of Cash Award. Subject to the conditions and restrictions set forth below and in the Plan, the Company hereby grants to the Participant as of the Date of Grant, a Cash Award of $1,000,000. The Cash Award awarded hereunder shall be comprised of:
(i) A Financial Performance Cash Award of $500,000, and
(ii) An Available Days Cash Award of $500,0001,500,000.
Appears in 1 contract
Samples: Phantom Stock and Cash Award Agreement (Hercules Offshore, Inc.)
Grant of Cash Award. Subject to the conditions and restrictions set forth below and in the Plan, the Company hereby grants to the Participant as of the Date of Grant, a Cash Award of $1,000,000. The Cash Award awarded hereunder shall be comprised of:
(i) A Financial Performance Cash Award of $500,000, and
(ii) An Available Days Cash Award of $500,000900,000.
Appears in 1 contract
Samples: Phantom Stock and Cash Award Agreement (Hercules Offshore, Inc.)
