Common use of Initial Equity Awards Clause in Contracts

Initial Equity Awards. As a material inducement to Executive’s willingness to accept employment with the Company, on or shortly following the Effective Date, the Executive shall be granted restricted stock units with a value of $450,000 on the grant date, and a nonqualified stock option with a value of $1,050,000 on the grant date. The number of restricted stock units granted to the Executive shall be determined by dividing $450,000 by the closing price of the Company’s common stock on the grant date. The number of shares of the Company’s common stock subject to the option shall be based on the Company’s option valuation methodology. These equity awards will be granted under the Company’s 2015 Incentive Plan, as amended and restated (the “2015 Plan”) and will vest in accordance with, and have such other terms and conditions as are specified in, the Restricted Stock Unit Notice and Letter Agreement and the Nonqualified Stock Option Letter Agreement approved by the Compensation Committee with respect to such awards (the “Restricted Stock Unit Agreement” and the “NSO Agreement”) and shall otherwise be subject to the terms and conditions of the 2015 Plan and the Restricted Stock Unit Agreement and the NSO Agreement; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Restricted Stock Unit Agreement or the NSO Agreement and this Agreement, the terms and conditions of this Agreement shall prevail.

Initial Equity Awards. As a material inducement to Executive’s willingness to accept employment with the Company, on or shortly following the Effective Date, the Executive shall be granted restricted stock units with a value of $450,000 750,000 on the grant date, and a nonqualified stock option with a value of $1,050,000 750,000 on the grant date. The number of restricted stock units granted to the Executive shall be determined by dividing $450,000 750,000 by the closing price of the Company’s 's common stock on the grant date. The number of shares of the Company’s 's common stock subject to the option shall be based on the Company’s option valuation methodology. These equity awards will be granted under the Company’s 2015 Incentive Plan, as amended and restated (the “2015 Plan”) and will vest in accordance with, and have such other terms and conditions as are specified in, the Restricted Stock Unit Notice and Letter Agreement and the Nonqualified Stock Option Letter Agreement approved by the Compensation Committee with respect to such awards (the “"Restricted Stock Unit Agreement” " and the “NSO Agreement”) and shall otherwise be subject to the terms and conditions of the 2015 Plan and the Restricted Stock Unit Agreement and the NSO Agreement; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Restricted Stock Unit Agreement or the NSO Agreement and this Agreement, the terms and conditions of this Agreement shall prevail.

Initial Equity Awards. As a material inducement to Executive’s willingness to accept employment with the Company, on or shortly following the Effective Date, the Executive shall be granted restricted stock units with a value of $450,000 350,000 on the grant date, and a nonqualified stock option with a value of $1,050,000 350,000 on the grant date. The number of restricted stock units granted to the Executive shall be determined by dividing $450,000 350,000 by the closing price of the Company’s 's common stock on the grant date. The number of shares of the Company’s 's common stock subject to the option shall be based on the Company’s option valuation methodology. These equity awards will be granted under the Company’s 2015 Incentive Plan, as amended and restated (the “2015 Plan”) and will vest in accordance with, and have such other terms and conditions as are specified in, the Restricted Stock Unit Notice and Letter Agreement and the Nonqualified Stock Option Letter Agreement approved by the Compensation Committee with respect to such awards (the “"Restricted Stock Unit Agreement” " and the “NSO Agreement”) and shall otherwise be subject to the terms and conditions of the 2015 Inducement Plan and the Restricted Stock Unit Agreement and the NSO Agreement; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Restricted Stock Unit Agreement or the NSO Agreement and this Agreement, the terms and conditions of this Agreement shall prevail.

Initial Equity Awards. As a material inducement to Executive’s willingness to accept employment with the Company, on On or shortly following the Effective Date, subject to approval by the Board (or a committee thereof), the Executive shall be granted restricted stock units with a value of $450,000 82,500 on the grant date, and a nonqualified stock option with a value of $1,050,000 192,500 on the grant date. The number of restricted stock units granted to the Executive shall be determined by dividing $450,000 82,500 by the closing price of the Company’s 's common stock on the grant date. The number of shares of the Company’s 's common stock subject to the option shall be based on the Company’s option valuation methodology. These equity awards will be granted under the Company’s 2015 Restated 1996 Flexible Stock Incentive Plan, as amended and restated Plan (the “2015 1996 Plan”) and will vest in accordance with, and have such other terms and conditions as are specified in, the Restricted Stock Unit Notice and Letter Agreement and the Nonqualified Stock Option Letter Agreement approved by the Compensation Committee with respect to such awards (the “"Restricted Stock Unit Agreement” " and the “NSO Agreement”) and shall otherwise be subject to the terms and conditions of the 2015 1996 Plan and the Restricted Stock Unit Agreement and the NSO Agreement; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Restricted Stock Unit Agreement or the NSO Agreement and this Agreement, the terms and conditions of this Agreement shall prevail.

Initial Equity Awards. As a material inducement to Executive’s willingness to accept employment with the Company, on On or shortly following the Effective Date, subject to approval by the Board (or a committee thereof), the Executive shall be granted restricted stock units with a value of $450,000 300,000 on the grant date, and a nonqualified stock option with a value of $1,050,000 700,000 on the grant date. The number of restricted stock units granted to the Executive shall be determined by dividing $450,000 300,000 by the closing price of the Company’s 's common stock on the grant date. The number of shares of the Company’s 's common stock subject to the option shall be based on the Company’s option valuation methodology. These equity awards will be granted under the Company’s 2015 Restated 1996 Flexible Stock Incentive Plan, as amended and restated Plan (the “2015 1996 Plan”) and will vest in accordance with, and have such other terms and conditions as are specified in, the Restricted Stock Unit Notice and Letter Agreement and the Nonqualified Stock Option Letter Agreement approved by the Compensation Committee with respect to such awards (the “"Restricted Stock Unit Agreement” " and the “NSO Agreement”) and shall otherwise be subject to the terms and conditions of the 2015 1996 Plan and the Restricted Stock Unit Agreement and the NSO Agreement; provided, however, that notwithstanding the foregoing, in the event of a conflict between the terms and conditions of the Restricted Stock Unit Agreement or the NSO Agreement and this Agreement, the terms and conditions of this Agreement shall prevail.