Initial Restricted Stock Unit Grant Sample Clauses
The Initial Restricted Stock Unit Grant clause defines the terms under which an individual, typically a new employee or executive, is awarded a specific number of restricted stock units (RSUs) upon joining a company. This clause outlines the amount of RSUs granted, the vesting schedule (such as over four years with a one-year cliff), and any conditions that must be met for the recipient to earn the shares, such as continued employment. Its core practical function is to incentivize and retain key personnel by aligning their interests with the long-term success of the company, while also providing clarity on the equity compensation offered at the outset of employment.
Initial Restricted Stock Unit Grant. Effective as of the Effective Date, the Company shall grant Executive restricted stock units under the Company’s equity incentive plans (the “Initial RSUs”). The number of Initial RSUs shall equal $61,250, divided by the Fair Market Value (as defined in the applicable equity incentive plan) of a share of Company common stock as of the Effective Date (rounded down to the nearest whole share). Such initial grant of restricted stock units shall vest ratably over a four-year period, 25% on each anniversary of the date of grant, provided Executive is employed on such dates by the Company. All such restricted stock units shall be subject to the terms and conditions of the applicable plan and applicable award agreement attached as Exhibit B hereto.
Initial Restricted Stock Unit Grant. On the Grant Date, Executive shall receive restricted stock units under the Plan (the “Initial RSUs”). The number of Initial RSUs shall be equal to $1,625,000, divided by the Fair Market Value of an Endo ordinary share as of the Grant Date (rounded down to the nearest whole share). The Initial RSUs shall vest ratably over a three-year period, at a rate of one-third (33 1/3%) of the total Initial RSUs on each of the three anniversaries of the Grant Date, provided Executive is employed on such dates by the Company or one of its affiliates. All Initial RSUs shall be subject to the terms and conditions of the Plan and applicable award agreement.
Initial Restricted Stock Unit Grant. On the first trading day following the Employment Commencement Date (the “Grant Date”), Executive shall receive restricted stock units under Endo’s Amended and Restated 2010 Stock Incentive Plan (the “Plan”) (such restricted stock units hereinafter being referred to as the “Initial RSUs”). The number of Initial RSUs shall be equal to $500,000, divided by the Fair Market Value (as defined in the Plan) of an Endo ordinary share as of the Grant Date (rounded down to the nearest whole share). The Initial RSUs shall vest ratably over a three-year period, at a rate of 33 1/3 percent of the total Initial RSUs on each of the three anniversaries of the Grant Date, provided Executive is employed on such dates by the Company or one of its affiliates. All Initial RSUs shall be subject to the terms and conditions of the Plan and applicable award agreement (which award agreement will be drafted in a manner that complies with the provisions of this Agreement).
Initial Restricted Stock Unit Grant. On the first trading day following the Employment Commencement Date, the Company shall grant Executive restricted stock units under the Company’s equity incentive plans (the “Initial RSUs”). The number of Initial RSUs shall be equal to $700,000, divided by the Fair Market Value (as defined in the applicable equity incentive plan) of a share of the Company’s common stock as of the grant date (rounded down to the nearest whole share). Such initial grant of restricted stock units shall vest ratably over a three-year period, at a rate of one-third of the total Initial RSUs on each anniversary of the grant date, provided Executive is employed on such dates by the Company, or upon an earlier termination of Executive’s employment due to death, Disability, termination by the Company without Cause or by Executive for Good Reason. All such restricted stock units shall be subject to the terms and conditions of the applicable plan and applicable award agreement.
Initial Restricted Stock Unit Grant. In addition to any equity awards described in Section 2(d)(i), as of July 29, 2010, ▇▇▇▇ shall ▇▇▇▇▇ Employee 50,000 restricted stock units of ▇▇▇▇ (the “Initial Units”) pursuant to the applicable stock incentive compensation plan, which shall provide for customary adjustment provisions in the event of a stock split, reverse stock split, merger or other change in the capitalization of ▇▇▇▇. The Initial Units shall vest in equal installments on June 30, 2011, June 30, 2012 and June 30, 2013 (subject to earlier acceleration as otherwise provided in this Agreement).
Initial Restricted Stock Unit Grant. It will be recommended at the Meeting that you be granted restricted stock units (the “Initial RSU”) for 75,000 shares of the Company’s common stock (the “Initial RSU Shares”). It will be recommended that the Initial RSU Shares shall vest as follows: one quarter (1/4) of the Initial RSU Shares shall vest on the first anniversary of the date that Executive begins performing services as Executive V.P. and Chief Medical Officer, and one quarter (1/4) of the Initial RSU Shares shall vest each yearly anniversary thereafter until all such Initial RSU Shares have vested, based on Executive’s continued status as a service provider to the Company on each such date.
Initial Restricted Stock Unit Grant. The Executive was awarded on ----------------------------------- the Effective Date an initial grant of 685,468 shares of deferable restricted stock units ("Initial Restricted Stock Unit Grant") to vest 25% on June 30, 2000, 25% on January 31, 2001, 25% on January 31, 2002, and 25% on June 30, 2008. The shares issuable as a result of the vesting of such restricted stock units shall be delivered by Mattel to the Executive by the earlier of: (A) April 1 of the year that next follows the end of the calendar year during which the Executive ceases to be employed by Mattel; or (B) thirteen (13) months following the earliest date when the entire payment would be tax deductible under all pertinent federal tax laws, including Section 162(m) of the Internal Revenue Code, without affecting the deductibility of $1 million of the Executive's Base Salary in any year, as determined by the reasonable belief of the Board's Compensation Committee.
Initial Restricted Stock Unit Grant. On the first trading day following the Employment Commencement Date, Endo shall grant Executive restricted stock units under Endo’s equity incentive plans (the “Initial RSUs”). The number of Initial RSUs shall have a value equal to 125% of Base Salary, divided by the Fair Market Value (as defined in the applicable equity incentive plan) of a share of Endo’s common stock as of the grant date (rounded down to the nearest whole share). Such initial grant of restricted stock units shall vest ratably over a four-year period, 25% on each anniversary of the grant date, provided Executive is employed on such dates by the Company. All such restricted stock units shall be subject to the terms and conditions of the applicable plan and applicable award agreement attached hereto as Exhibit B.
Initial Restricted Stock Unit Grant. As of the Commencement Date, the Compensation Committee shall award to the Executive an aggregate of 24,577 restricted stock units (the "RSUs") pursuant to the Stock Incentive Plan. The terms and conditions applicable to the award of RSUs are as set forth in Exhibit C attached hereto.
Initial Restricted Stock Unit Grant. “RSUs”). Upon the Effective Date, Executive shall be entitled to receive 150,000 shares of the Company’s common stock, par value $0.001 per share (the “Initial Shares”), which shall entitle Executive to receive the underlying Initial Shares within seventy (70) days following the Effective Date. The Initial Shares will be subject to the terms and conditions of the Company’s 2021 Equity Incentive Plan (the “2021 Plan”) and the applicable Restricted Stock Unit Agreement (the “RSU Agreement”). The Initial Shares shall vest immediately upon the approval of the Company’s Board of Directors.