Common use of Grant of PRSUs Clause in Contracts

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement dated March 5, 2019 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Agreement”), the Company hereby grants ________________ performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of December 24, 2019 2018 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ _9 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated as of March 5, 2019 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ _10 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of December 10, 2019 2021 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ 4 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 2024 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March as of December 5, 2019 2024 between Sirius XM Radio Inc. (“Sirius XM”) LLC and the Executive (the “Letter Employment Agreement”), the Company hereby grants [________________ ]2 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of November 21, 2019 2022 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ 4 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of December 7, 2019 2020 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ _9 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March as of May 5, 2019 2021 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ 4 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of September 14, 2019 2020 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (as amended, the “Letter Employment Agreement”), the Company hereby grants ________________ 381,663 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of June 1, 2019 2018 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of April 3, 2019 2023 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants [________________ ]6 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter employment agreement dated March 5August 21, 2019 2017 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of May 31, 2019 2018 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of December 14, 2019 2023 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ 10 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter agreement Employment Agreement dated March 5as of April 17, 2019 2024 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants [________________ ]4 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.

Grant of PRSUs. Subject to the terms and conditions of this Agreement, the Sirius XM Holdings Inc. 2015 Long-Term Stock Incentive Plan (the “Plan”), and the letter employment agreement dated March 5as of June 28, 2019 2022 between Sirius XM Radio Inc. (“Sirius XM”) and the Executive (the “Letter Employment Agreement”), the Company hereby grants ________________ 4 performance-based restricted stock units (“PRSUs”) to the Executive. Each PRSU represents the unfunded, unsecured right of the Executive to receive one share of common stock, par value $.001 0.001 per share, of the Company (each, a “Share”) on the date specified in this Agreement.