Grant of Performance Unit Award. The Company hereby grants to Participant on the date set forth above (the “Date of Grant”) the right to receive up to ____________ (_________) Performance Units having a value of $1.00 per Unit (the “Per Unit Value”) payable in cash on the terms and conditions set forth herein (the “Performance Award”).
Grant of Performance Unit Award. The Company has granted you performance units as an Award subject to the satisfaction of performance conditions (the “Performance Units”), subject to the terms of this Agreement and the terms of the Amended and Restated 2018 Stock Incentive Plan of Resideo Technologies, Inc. and its Affiliates (the “Plan”). The number of Performance Units awarded to you represents a target award for the applicable Performance Cycle (as defined below) (the “Target Award”). [The details for this grant can be found on [●]. The Company reserves the right to change or correct any information contained on the [●] website to reflect the terms of the Award actually made by the Company on the Grant Date or the Plan.]1
Grant of Performance Unit Award. (a) As of the effective date of this agreement (this “Agreement”), Independence Contract Drilling, Inc., a Delaware corporation (the “Company”), hereby grants to the Grantee (identified above) 1 restricted stock units (the “RSUs”) pursuant to the Amended and Restated Independence Contract Drilling, Inc. 2012 Omnibus Incentive Plan, as amended (the “Plan”). The RSUs represent the opportunity to receive a number of shares of Common Stock of the Company based upon satisfaction of certain EBITDA targets and the “Payout Multiplier” as defined in Exhibit A, subject to Exhibit C. The actual number of shares of Common Stock that may be issued pursuant to the terms of this Agreement will be between 0% and 200% of the number of Target RSUs. The Plan is hereby incorporated in this Agreement in its entirety by reference. In the event of a conflict between the terms of the Plan and the terms of this Agreement, the terms of the Plan shall control.
Grant of Performance Unit Award. The Committee, on behalf of the Company, hereby grants to Grantee, effective as of the Grant Date, Performance Units equal to the Target Award Amount set forth above, on the terms and conditions set forth in this Agreement, including the specific vesting requirements set forth above and the performance goal requirements (the “Performance Goals”) set forth in Exhibit B attached hereto, and as otherwise provided in the Plan. The actual number of Performance Units earned pursuant to the Award will be determined based on the achievement of the Performance Goals during the Performance Period, as further set forth in Exhibit B.
Grant of Performance Unit Award. (a) As of February 8, 2017 (the “Effective Date”), the date of this agreement (this “Agreement”), Independence Contract Drilling, Inc., a Delaware corporation (the “Company”), hereby grants to the Grantee (identified above) ________ restricted stock units (the “RSUs”) pursuant to the Amended and Restated Independence Contract Drilling, Inc. 2012 Omnibus Incentive Plan, as amended (the “Plan”). The number of RSUs hereunder that are considered target RSUs shall be ______ (the “Target RSUs”), The RSUs represent the opportunity to receive a number of shares of Common Stock of the Company based upon satisfaction of certain TSR targets and the “Payout Multiplier” as defined in Exhibit A, subject to Exhibit C. The actual number of shares of Common Stock that may be issued pursuant to the terms of this Agreement will be between 0% and 200% of the number of Target RSUs (as defined in Exhibit A).
Grant of Performance Unit Award. (a) As of _______________ (the “ Effective Date ”), the date of this agreement (this “ Agreement ”), Independence Contract Drilling, Inc., a Delaware corporation (the “Company ”), hereby grants to the Grantee (identified above) _______ restricted stock units (the “ RSUs ”) pursuant to the Amended and Restated Independence Contract Drilling, Inc. 2019 Omnibus Incentive Plan, as may be amended from time to time (the “ Plan ”). The number of RSUs hereunder that are considered target RSUs shall be ______ (the “ Target RSUs ”). The RSUs represent the opportunity to receive a number of shares of Common Stock of the Company based upon satisfaction of certain TSR targets and the “ Payout Multiplier ” as defined in Exhibit A, subject to Exhibit C. The actual number of shares of Common Stock that may be issued pursuant to the terms of this Agreement will be between 0% and 200% of the number of Target RSUs (as defined in Exhibit A). (b) To determine the number, if any, of RSUs that shall be deemed earned (“ Earned RSUs ”), the methodology on Exhibit A shall be followed, subject to Exhibit C. For purposes of this Agreement, there shall be three performance periods: (a) “ Performance Period I” shall be deemed to begin on the Effective Date and end on ___________ (the “Performance Period 1 Determination Date ”); (b) “ Performance Period II ” shall be deemed to begin on the Effective Date and end on _____________ (the “ Performance Period II Determination Date ”, and (c) “ Performance Period III ” shall be deemed to begin on the Effective Date and end on _____________ (the “ Performance Period III Determination Date ”). For purposes of this Agreement, each of Performance Period I, Performance Period II and Performance Period III shall be considered a “ Performance Period ”, and each of Performance Period I Determination Date, Performance Period II Determination Date and Performance Period III Determination Date shall be considered a “ Determination Date ”. It is understood that Earned RSU’s are also subject to a three-year time- based vesting requirement that begins on the Effective Date, as described in paragraph 3 below. 2.
Grant of Performance Unit Award. In accordance with the Plan, and effective as of December 13, 2013 (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Performance Unit Retention Award (the “Award”) with respect to [____________] Performance Units, of which [__________] Performance Units are referred herein as the “Target Performance Units”. The Award represents the right to receive one Common Share for each Performance Unit that is earned in accordance with, and subject to, the terms of this Agreement. Subject to the terms and conditions of this Agreement, the number of Performance Units that may be earned may range from a minimum of 0% of the Target Performance Units to a maximum of 200% of the Target Performance Units. The Award includes Dividend Equivalent Rights as described in Section 6.
Grant of Performance Unit Award. The Company hereby grants to the Participant, subject to the terms, conditions and restrictions set forth in the Plan and those specified herein, this performance unit award specified in the Acceptance Agreement (“Performance Unit Award”). The target dollar amount that may become payable under this Performance Unit Award shall be specified in the Acceptance Agreement. The Acceptance Agreement and the terms, conditions and restrictions set forth herein, including any Appendix attached hereto, shall collectively constitute the Performance Unit Award Agreement (the “Agreement”) for this Performance Unit Award.
Grant of Performance Unit Award. In accordance with the Plan, and effective as of 4th day of February 2014 (the “Date of Grant”), the Company granted to the Participant, subject to the terms and conditions of the Plan and this Agreement, a Performance Unit Award (the “Award”) with respect to [__________] Performance Units, of which [_____________] Performances Units are referred to herein as the “Target Performance Units”. The Award represents the right to receive one Common Share for each Performance Unit that is earned in accordance with, and subject to, the terms of this Agreement. Subject to the terms and conditions of this Agreement, more than 100% of the Target Performance Units may be earned but under no circumstances may more than 200% of the Target Performance Units be earned. The Award includes Dividend Equivalent Rights as described in Section 6.
Grant of Performance Unit Award. (a)As of _______, 20___ (the “Effective Date”), the date of this agreement (this “Agreement”), Independence Contract Drilling, Inc., a Delaware corporation (the “Company”), hereby grants to the Grantee (identified above) _____restricted stock units (the “RSUs”) pursuant to the Amended and Restated Independence Contract Drilling, Inc. 2019 Omnibus Incentive Plan, as may be amended from time to time (the “Plan”). The number of RSUs hereunder that are considered target RSUs shall be _____ (the “Target RSUs”). The RSUs represent the opportunity to receive a number of shares of Common Stock of the Company based upon satisfaction of certain TSR targets and the “Payout Multiplier” as defined in Exhibit A, subject to Exhibit C. The actual number of shares of Common Stock that may be issued pursuant to the terms of this Agreement will be between 0% and 172.5% of the number of Target RSUs (as defined in Exhibit A).
