Common use of Grant of RSU Award Clause in Contracts

Grant of RSU Award. Subject to the restrictions, limitations, terms and conditions specified in the Plan and this Agreement, the Company has granted you as of the Grant Date 12,887 RSUs. Except as provided below in Paragraphs 6, 7 and 8, these RSUs will remain restricted until the end of each applicable vesting date set forth below (each, a “Vesting Date”). Prior to the delivery of the RSUs, the RSUs are not transferable by the Grantee by means of sale, assignment, exchange, pledge, or otherwise. For each of the below-stated Vesting Dates on which you continue to be employed by the Company or any of its Subsidiaries (collectively, the “HBI Companies”), you will vest in the below-stated percentage of the total number of RSUs awarded in this Agreement, until you are 100% vested: Vesting Date Vested Percentage of RSUs Awarded September 8, 2021 50 % September 8, 2022 50 %

Appears in 1 contract

Samples: Notice and Agreement (Hanesbrands Inc.)

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Grant of RSU Award. Subject to the restrictions, limitations, terms and conditions specified in the Plan and this Agreement, the Company has granted you as of the Grant Date 12,887 98,202 RSUs. Except as provided below in Paragraphs 6, 7 and 8, these RSUs will remain restricted until the end of each applicable vesting date set forth below (each, a “Vesting Date”). Prior to the delivery of the RSUs, the RSUs are not transferable by the Grantee by means of sale, assignment, exchange, pledge, or otherwise. For each of the below-stated Vesting Dates on which you continue to be employed by the Company or any of its Subsidiaries (collectively, the “HBI Companies”), you will vest in the below-stated percentage of the total number of RSUs awarded in this Agreement, until you are 100% vested: Vesting Date Vested Percentage of RSUs Awarded September 8August 3, 2021 50 33 % September 8August 3, 2022 50 %33 % August 3, 2023 34 % 2020 Inducement RSU Grant Agreement – U.S. (Updated July 2020)

Appears in 1 contract

Samples: Inducement Restricted Stock Unit Grant Notice and Agreement (Hanesbrands Inc.)

Grant of RSU Award. Subject to the restrictions, limitations, terms and conditions specified in the Plan and this Agreement, the Company has granted you as of the Grant Date 12,887 8,054 RSUs. Except as provided below in Paragraphs 6, 7 and 8, these RSUs will remain restricted until the end of each applicable vesting date set forth below (each, a “Vesting Date”). Prior to the delivery of the RSUs, the RSUs are not transferable by the Grantee by means of sale, assignment, exchange, pledge, or otherwise. For each of the below-stated Vesting Dates on which you continue to be employed by the Company or any of its Subsidiaries (collectively, the “HBI Companies”), you will vest in the below-stated percentage of the total number of RSUs awarded in this Agreement, until you are 100% vested: Vesting Date Vested Percentage of RSUs Awarded September 8, 2021 50 33 % September 8, 2022 50 %33 % September 8, 2023 34 % 2020 Inducement Long-Term Incentive Plan RSU Grant Agreement – U.S. (Updated August 2020)

Appears in 1 contract

Samples: Notice and Agreement (Hanesbrands Inc.)

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Grant of RSU Award. Subject to the restrictions, limitations, terms and conditions specified in the Plan and this Agreement, the Company has granted you as of the Grant Date 12,887 RSUsRSUs for 260,000 shares of Common Stock. Except as provided below in Paragraphs 6, 7 and 8the Plan or the Employment Agreement, these RSUs will remain restricted until the end of each applicable vesting date set forth below (each, a “Vesting Date”). Prior to the delivery of the RSUs, the RSUs are not transferable by the Grantee by means of sale, assignment, exchange, pledge, or otherwise. For each of the below-stated Vesting Dates on which you continue to be employed by the Company or any of its Subsidiaries (collectively, the “HBI Enzo Companies”), you will vest in the below-stated percentage of the total number of RSUs awarded in this Agreement, until you are 100% vested: Vesting Date Vested Percentage of RSUs Awarded September 8, 2021 50 % September November 8, 2022 50 %86,666 November 8, 2023 86,667 November 8, 2024 86,667

Appears in 1 contract

Samples: Inducement Restricted Stock Unit Grant Notice and Agreement (Enzo Biochem Inc)

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