Common use of Initial Equity Award Clause in Contracts

Initial Equity Award. During the first year of the Original Agreement, the Executive shall be awarded 40,000 shares of restricted membership units in the Parent Company (the “NMLH Restricted Units”), pursuant to the New Mountain Lake Holdings, LLC Restricted Membership Units Plan (the “Membership Units Plan”).

Initial Equity Award. During the first year of the Original Agreement, the Executive shall be awarded 40,000 30,000 shares of restricted membership units in the Parent Company (the “NMLH Restricted Units”), pursuant to the New Mountain Lake Holdings, LLC Restricted Membership Units Plan (the “Membership Units Plan”).

Initial Equity Award. During the first year of the Original Agreement, the Executive shall be awarded 40,000 100,000 shares of restricted membership units in the Parent Company (the “NMLH Restricted Units”), pursuant to the New Mountain Lake Holdings, LLC Restricted Membership Units Plan (the “Membership Units Plan”).

Initial Equity Award. During the first year of the Original Agreement, the Executive shall be awarded 40,000 80,000 shares of restricted membership units in the Parent Company (the “NMLH Restricted Units”), pursuant to the New Mountain Lake Holdings, LLC Restricted Membership Units Plan (the “Membership Units Plan”).

Initial Equity Award. During the first year of the Original Agreement, the Executive shall be awarded 40,000 50,000 shares of restricted membership units in the Parent Company (the “NMLH Restricted Units”), pursuant to the New Mountain Lake Holdings, LLC Restricted Membership Units Plan (the “Membership Units Plan”).