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 $115,000, 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 a grant of restricted stock units under the Plan (the “Initial RSUs”). The number of Initial RSUs shall be equal to $950,000, 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 four-year period, 25% on each anniversary 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. 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. In addition to any equity awards described in Section 2(d)(i), as of July 29, 2010, Xxxx shall xxxxx Employee 50,000 restricted stock units of Xxxx (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 Xxxx. 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. 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. 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 Effective Date, the Executive shall be granted an award of 500,000 restricted stock units (the “Initial RSUs”) based on shares of Common Stock pursuant to the Incentive Plan. The Initial RSUs shall vest:
(A) 33% if the Fair Market Value of Company common stock reaches $20.00 and remains at or above $20.00 for ten Trading Days (as defined below) out of any thirty consecutive Trading Days all of which occur within the two-year period beginning on the date the Initial RSUs are granted (the “Restriction Period”);
(B) an additional 33% if the Fair Market Value of Company common stock reaches $22.00 and remains at or above $22.00 for ten Trading Days out of any thirty consecutive Trading Days all of which occur within the Restriction Period; and
(C) the remaining 34% if the Fair Market Value of Company common stock reaches $24.00 and remains at or above $24.00 for ten Trading Days out of any thirty consecutive Trading Days all of which occur within the Restriction Period. For this purpose, a “Trading Day” shall be any day on which the New York Stock Exchange is open for trading. All the terms and conditions of the Initial RSUs shall be subject to the terms of the Incentive Plan and the award agreement evidencing the grant of the Initial RSUs, as provided to senior executives of the Company generally.
Initial Restricted Stock Unit Grant. On behalf of the Company and pursuant to a letter, dated September 26, 2011 (the “Grant Letter”), Expedia, Inc., a Delaware corporation and the ultimate parent of the Company (“Expedia”), shall recommend to the Compensation Committee of the Expedia Board of Directors (the “Committee”), at its next regular meeting, a one-time grant of 50,000 Expedia restricted stock units (the “Initial Grant”) under the Expedia, Inc. 2005 Stock and Annual Incentive Plan, terms of which are set forth in the Grant Letter. In the event that the Initial Grant is not approved by the Committee on or before the date that is sixty (60) days following the Effective Date (the “Outside Grant Date”), Executive shall have the right, exercisable for a ten day period commencing on the Outside Grant Date, to terminate this Agreement by providing written notice to the Company, such notice to be no less than fourteen (14) days nor greater than thirty (30) days. Upon the date stipulated in any notice provided pursuant to the preceding sentence, this Agreement shall terminate and neither party shall have any obligation to the other, except that (i) the Company shall pay Executive any Accrued Obligations in a lump sum in cash within 30 days of such termination and (ii) notwithstanding Section 2(h) of the Standard Terms and Conditions attached hereto, none of the provisions of Section 2 of such Standard Terms shall survive, other than Section 2(a) thereof.
Initial Restricted Stock Unit Grant. On the Effective Date, the Executive shall be granted an award of 500,000 restricted stock units (the “Initial RSUs”) based on shares of Common Stock pursuant to the Incentive Plan. The Initial RSUs shall vest: (A) 33% if the Fair Market Value of Company common stock reaches $20.00 and remains at or above $20.00 for ten Trading Days (as defined below) out of any thirty consecutive Trading Days all of which occur within the two-year period beginning on the date the Initial RSUs are granted (the “Restriction Period”);
