Incentive Equity Grants. The Executive is eligible to receive incentive equity grants under the Company’s new equity compensation program for senior executives, subject to the terms of such program as in effect from time to time and with any grants under such program in the discretion of the Board or the Committee.
Incentive Equity Grants. In connection with your commencement of employment you were also previously granted: (a) a nonqualified stock option to purchase 572,435 of shares of the Company’s Common Stock (the “Incentive Equity Option”); and (b) 286,215 Restricted Stock Units (“Incentive Equity RSUs”), each under the Company’s 2011 Equity Plan. The vesting schedule for each of the Incentive Equity Option and the Incentive Equity RSUs shall continue to be as follows:
(1) 20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company’s Common Stock during the immediately preceding 90-day period is $10 or more;
(2) 20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company’s Common Stock during the immediately preceding 90-day period is $15 or more;
(3) 20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company’s Common Stock during the immediately preceding 90-day period is $20 or more;
(4) 20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company’s Common Stock during the immediately preceding 90-day period is $25 or more; and
(5) 20% of the shares subject to each such equity award shall vest on the first date that the weighted average stock price of the Company’s Common Stock during the immediately preceding 90-day period is $30 or more. Notwithstanding the foregoing, in the event of a Change in Control, the price at which the Company’s Common Stock is valued in such transaction shall be substituted for the 90-day weighted average stock price of the Company’s Common Stock for purposes of determining your entitlement, if any, to receive any vesting of Incentive Equity Options and Incentive Equity RSUs. The exercise price of the Incentive Equity Option was the closing price of the Company’s common stock on the Nasdaq Global Select Market on your employment start date.
Incentive Equity Grants. The Executive shall be eligible to receive incentive equity awards under the Company’s executive incentive plans or programs (such plan or program, an “LTI Plan”). Any actual awards under an LTI Plan (“LTI Awards”) are discretionary and will be subject to the Board’s assessment of the Executive’s performance, as well as business conditions at the Company. Any LTI Awards will be subject to approval by and adjustment at the discretion of the Board or Compensation Committee and the terms of any applicable LTI Plan. As with the annual bonus, the Board expects to review the Executive’s job performance on an annual basis and will discuss with the Executive the criteria which the Board will use to assess the Executive’s performance for LTI Plan purposes. The Board or Compensation Committee also may make adjustments in the targeted amount of any LTI Awards.
Incentive Equity Grants. (i) In connection with the commencement of the Executive’s employment with the Company and Holdco, subject to Board or Compensation Committee approval prior to the Effective Date, the Executive will receive a one-time grant of options (the “Options”) on the Effective Date to acquire 100,000 shares of Holdco’s common stock, with an exercise price equal to the closing price of a share of Holdco common stock on the date the Options are granted. Twenty percent (20%) of the Options will vest on each of the first five anniversaries of the Effective Date, subject to the Executive’s continuous employment with Holdco and/or the Company from the Effective Date through the applicable vesting date. The Options will be granted under and subject to the terms of the Company’s Amended and Restated 2012 Omnibus Equity Incentive Plan and a stock option agreement that is substantially similar to the form used to evidence grants to peer executives (as defined above).
(ii) Beginning in 2017, the Executive will also be eligible to receive incentive equity grants under the Company’s new equity compensation program for senior executives, subject to the terms of such program as in effect from time to time and with any grants under such program in the discretion of the Board or the Committee.
Incentive Equity Grants. Subject to approval by the Committee, as part of the consideration for Executive’s services to the Company during the Term, the Company shall grant to Executive, pursuant to the Ascent Capital Group, Inc. 2015 Omnibus Incentive Plan or such successor incentive plan as may be in place from time to time (the “Plan”):
(a) restricted shares of ASCMA Stock with a fair market value on the grant date of $2,000,000 that shall vest 100% on September 9, 2017 (the “Restricted Shares”), subject to the Ascent Capital Group, Inc. 2015 Omnibus Incentive Plan Restricted Stock Award Agreement; and
(b) commencing with the 2016 fiscal year, an annual grant of performance-based restricted stock units (the “PRSUs”) with a fair market value on the grant date of $1,500,000, as determined by the Committee in its sole discretion, as follows:
(i) $1,000,000 of the PRSUs may be earned and vest, in whole or in part, subject to the achievement for the 12-month performance period of such performance metrics as the Committee may establish in its sole discretion, including, without limitation, account growth, adjusted EBITDA, free cash flow, revenue and attrition. The “performance period” shall be the respective calendar year for which the PRSU award is made, with the 2016 calendar year as the initial performance period. The Committee shall determine, in its sole discretion, the extent to which the PRSUs have been earned (if at all) at the end of the performance period, with results between any threshold, target or maximum levels of performance set by the Committee determined by the Committee in its sole discretion. Any such earned PRSUs shall vest on a quarterly basis during the two year period beginning on January 1 of the year following the expiration of the respective performance period (e.g., each calendar quarter of 2017 and 2018 with respect to the PRSU granted in respect of the 2016 calendar year), subject to Executive’s continued employment on such dates.
(ii) $500,000 of the PRSUs may be earned and vest, in whole or in part, subject to the achievement for the 36-month performance period of such performance metrics as the Committee may establish in its sole discretion, including, without limitation, account growth, adjusted EBITDA, free cash flow, revenue and attrition. The “performance period” shall commence on January 1 of the respective calendar year for which the PRSU award is made and end on December 31 of third calendar year thereafter, with the 36-month period commencing ...
Incentive Equity Grants. Executive shall be eligible to receive discretionary equity grants (“Equity Grants”) under the Columbia Care Inc. Omnibus Long-Term Incentive Plan, as may be amended from time to time (“Omnibus Plan”), based upon achievement of corporate and individual goals. The current annual target for Executive is Two Million Two Hundred and Fifty Thousand US Dollars ($2,250,000.00). Such Equity Grants are subject to all of the terms and conditions of the Omnibus Plan. The vesting schedule, exercise timing and price per unit (as defined in the applicable award agreement) will be determined in accordance with the Omnibus Plan. Executive should consult with a tax advisor concerning the tax risks associated with accepting the Equity Grants.
Incentive Equity Grants. Notwithstanding anything to the contrary in the applicable Company equity incentive plan or in any applicable written award agreement, the Executive shall continue to vest in all Equity Awards held by the Executive as of the Anticipated Executive Chair End Date and the Equity Awards shall otherwise remain subject in all respects to the LTI Documents.
Incentive Equity Grants. Employee shall be eligible to receive discretionary equity grants ("Equity Grants") under the Company’s Omnibus Long-Term Incentive Plan, as may be amended from time to time ("Omnibus Plan"), based upon achievement of corporate and individual goals. Such Equity Grants are subject to all of the terms and conditions of the Omnibus Plan and any applicable award documents. The vesting schedule, exercise timing and price per unit (as defined in the applicable award agreement) will be determined in accordance with the Omnibus Plan and any applicable award documents. Employee should consult with a tax advisor concerning the tax risks associated with accepting the Equity Grants. The Employee’s target annual Equity Grant as of the Effective Date is One Million Three Hundred Thousand US Dollars ($1,300.000).
Incentive Equity Grants. Subject to the approval of the Board, and effective on the Start Date, you will be granted: (a) a nonqualified stock option to purchase 130,000 shares of the Company's Common Stock (the “Incentive Equity Option”); and (b) 65,000 Restricted Stock Units (“Incentive Equity RSUs”), each under the Company's 2012 Equity Plan. The vesting schedule for each of the Incentive Equity Option and the Incentive Equity RSUs shall be as follows:
(a) Nonqualified stock option shall vest over four (4) years with one-fourth (1/4) of the options vesting at the end of twelve (12) months, and the remainder vesting monthly at a rate of 1/48th of the total number per month thereafter until all shares are vested. The stock option will be subject to the terms and conditions applicable to options granted under the Company's 2012 Equity Incentive Plan, and as described in that plan and the applicable stock option agreement.
(b) RSUs shall vest over four (4) years with one-fourth (1/4) of the RSUs vesting at the end of twelve (12) months, and each remaining one-fourth (1/4) vesting annually at the end of twenty-four (24) months, thirty-six (36) months, and forty-eight (48) months, respectively. The RSUs will be subject to the terms and conditions applicable to RSUs granted under the Company's 2012 Equity Incentive Plan, and as described in that plan and the applicable RSU agreement.
Incentive Equity Grants. The Executive is eligible to receive incentive equity grants under Holdco’s equity compensation program for senior executives, subject to the terms of such program as in effect from time to time and with any grants under such program in the discretion of the Board or the Committee.
