Grants of Equity Based Awards Sample Clauses

Grants of Equity Based Awards. On or within ninety (90) days following the Effective Date (or in the case of Performance Shares following the establishment of the applicable performance metrics), and with respect to each subsequent year of the Initial Term, Executive shall be granted a combination of restricted stock units (“RSUs”), Performance Share Units (“PSUs”) and nonqualified stock options (“Options”) (valued in accordance with Black-Scholes or similar binomial option-pricing model), such awards having an aggregate fair value equal to 100% of the then-current Base Salary (based on the fair market value of the Company’s common stock on the date of grant). The equity award each year shall be divided among the three types of awards as follows: RSUs – 30%; PSUs – 40%; and Options – 30%. The initial grant of stock options shall have an exercise price equal to fair market value (the “FMV”) of the common stock of the Company at the Company’s emergence from bankruptcy (with such fair market value determined in a manner consistent with the requirements under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the Treasury Regulations promulgated thereunder (and such other Treasury or Internal Revenue Service guidance)). Thereafter, the exercise price for each subsequent grant of Options shall be the FMV as of the date of their grant. Each grant of Options and RSUs shall vest in equal annual installments over four years. All or a portion of each grant of PSUs shall vest at the end of a three year performance period relating to the grant. The Compensation Committee shall establish the PSU performance criteria in good faith and in consultation with the Executive. With respect to the initial grant of RSUs and Stock Options, Executive shall receive retroactive vesting credit for the period beginning on the Effective Date through the date of Grant. The RSUs, PSUs and Options shall be subject to such other terms as set forth in the applicable grant agreement and in the underlying equity plan as adopted by the Company in good faith consultation with Executive.
Sample 1
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Grants of Equity Based Awards. For the 2018 fiscal year, Executive shall be granted restricted stock units in respect of the Company’s Class A common stock (“RSUs”), such awards having an aggregate fair value equal to $600,000 (based on the fair market value of the Company’s Class A common stock on the date of grant). Each grant of RSUs shall vest in equal annual installments over four years. The RSUs granted under this Section 3(c) shall be subject to the terms set forth in the form of grant agreement used for RSU grants to Company employees in the first fiscal quarter of 2018, including, without limitation, prorated vesting of the first annual vesting tranche if Executive is terminated by the Company without Cause within twelve (12) months after the grant date, if the Merger has been completed (it being understood, for the avoidance of doubt, that a Non-Renewal shall not constitute a termination without Cause).
Sample 1
Grants of Equity Based Awards. (i) On or within ninety (90) days following the Effective Date, Executive shall be granted restricted stock units (“RSUs”) in respect of the Company’s common stock. The number of RSUs to be granted shall equal an aggregate number of shares of the Company’s common stock with a fair market value (determined based on the value of the common stock at the Company’s emergence from bankruptcy (the “Initial FMV”)) of up to $190,000 based on the extent to which Executive has forfeited certain amounts of incentive compensation otherwise due to vest prior to June 30, 2013, from his former employer upon his termination of employment. Except as otherwise provided herein, the RSUs granted pursuant to this Section 3(c)(i), if any (the “Sign-on Award”), shall vest based on Executive’s service with the Company in equal annual installments over four consecutive years from the Effective Date. Executive shall receive retroactive vesting credit for the period beginning on January 1, 2013, through the date of Grant of the RSUs.
Sample 1
Grants of Equity Based Awards. (i) On or within ninety (90) days following the Effective Date, Executive shall be granted restricted stock units (“RSUs”) in respect of the Company’s common stock. The number of RSUs shall be equal to an aggregate number of shares of the Company’s common stock with a fair market value (determined based on the value of the common stock at the Company’s emergence from bankruptcy (the “Initial FMV”) on the date of grant equal to $2 million. The RSUs shall vest based on Executive’s service with the Company in equal annual installments over four consecutive years from the date of grant. Executive shall receive retroactive vesting credit for the period beginning on the Effective Date through the date of Grant of the RSUs.
Sample 1
Grants of Equity Based Awards 
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Related to Grants of Equity Based Awards

  • Equity-Based Awards For each calendar year during the Term, the Executive shall be eligible to participate in and receive equity-based awards under the Company’s 2014 Stock Incentive Plan, and any and all successor or replacement plans as may be determined by the Board or the Committee (collectively, “Incentive Plan”).

  • Stock-Based Awards The vesting of any stock-based compensation awards which constitute Section 409A Deferred Compensation and are held by the Executive, if the Executive is a Specified Employee, shall be accelerated in accordance with this Agreement to the extent applicable; provided, however, that the payment in settlement of any such awards shall occur on the Delayed Payment Date. Any stock based compensation which vests and becomes payable upon a Change in Control in accordance with Section 8(e)(i) shall not be subject to this Section 22(d).

  • Other Stock-Based Awards The Committee may grant types of equity-based or equity-related Awards not otherwise described by the terms of the Plan (including the grant or offer for sale of unrestricted Shares), in such amounts (subject to Article IV) and subject to such terms and conditions, as the Committee shall determine. Such Other Stock-Based Awards may involve the transfer of actual Shares to Participants, or payment in cash or otherwise of amounts based on the value of Shares and may include Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States.

  • Vesting of Equity Awards Notwithstanding the provisions of any plan or agreement governing such an Award (as defined in Section 4(c)), all Awards granted to you that remain outstanding and unvested immediately prior to the occurrence of a Change in Control (as defined in Section 4(d)(i)) automatically shall vest in full upon the occurrence of the Change in Control.

  • Acceleration of Equity Awards All: (i) outstanding and unvested options to purchase Common Stock granted to Executive under any equity plan of the Company, (ii) unvested shares of restricted Common Stock awarded to the Executive under any equity plan of the Company, and (iii) other equity and equity equivalent awards then held by the Executive, shall be accelerated in full, and thereafter all such options, shares of restricted Common Stock and other equity awards shall be immediately vested and exercisable for such period of time as provided for by the specific agreements governing each such award, upon Executive’s termination pursuant to Sections 11(b), (c), (e) or (f) hereof.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Equity Incentive Awards Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board. In the event of a Change of Control (as defined in the Redwood Trust, Inc. Executive Deferred Compensation Plan) in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • Other Equity Awards Except as set forth in Sections 8(a)(iii) and 8(a)(iv), performance share awards and all other equity awards granted to the Executive by the Company which remain outstanding immediately prior to the date of termination of the Executive’s employment, as provided in Section 7(b), shall vest and be settled in accordance with their terms. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(a) except as set forth in Section 12.

  • Equity Awards You will be eligible to receive awards of stock options or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or Committee, as applicable, will determine in its sole discretion whether you will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.

  • Awards Any Award made shall be paid to Landlord, and Tenant hereby assigns to Landlord, and waives all interest in or claim to, any such Award, including any claim for the value of the unexpired Term; provided, however, that Tenant shall be entitled to receive, or to prosecute a separate claim for, an Award for a temporary taking of the Premises or a portion thereof by a Condemnor where this Lease is not terminated (to the extent such Award relates to the unexpired Term), or an Award or portion thereof separately designated for relocation expenses or the interruption of or damage to Tenant’s business or as compensation for Tenant’s personal property, Trade Fixtures or Alterations.

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