Initial Restricted Stock Units. On, or as promptly as practicable following, the Effective Date, but no later than 30 days immediately following the Effective Date, Amneal shall grant to the Executive an award of restricted stock units (the “Initial RSUs”) having a grant date fair value equal to $1,500,000. The Initial RSUs will vest in respect of 25% of the total number of Initial RSUs on each of the first four anniversaries of the Effective Date, subject to the Executive’s continuous services to Amneal through the applicable vesting date. The Initial RSUs shall otherwise be subject to the terms of the plan pursuant to which they are granted and an award agreement to be entered into between the Executive and Amneal.
Initial Restricted Stock Units. On the Effective Date, the Company will grant Employee 30,000 restricted stock units (“RSUs”) in accordance with the terms of the Plan on the terms to be set forth in a RSU Award Agreement.
Initial Restricted Stock Units. As soon as practicable following the Effective Date, the Compensation Committee shall grant to the Executive an aggregate of 35,000 restricted Company Stock units under the Plan (such units, the “Initial Restricted Stock Units”). Each Initial Restricted Stock Unit shall be governed by the provisions of the Plan and an agreement substantially in the form attached hereto as Exhibit D. Subject to the provisions of the agreement and the Plan, 33.3% of the Initial Restricted Stock Units shall vest and immediately be paid on each of the first three anniversaries of the grant date; provided, however, that if, in the good faith determination of the Company (which shall be made immediately prior to the scheduled vesting date), some or all of the remuneration attributable to the payment of the Initial Restricted Stock Units shall fail to be deductible by the Company for federal income tax purposes pursuant to Section 162(m) of the Internal Revenue Code, as amended (the “Code”), the payment of such Initial Restricted Stock Units shall be automatically deferred (the “Automatic Deferral”) and shall instead take place on the day following the six month anniversary of the Date of Termination (as defined below); provided further, however, that if, in the good faith determination of the Company such Automatic Deferral can reasonably be expected to result in the imposition of tax on the Executive with respect to the Initial Restricted Stock Units prior to payment being made with respect to such Initial Restricted Stock Units pursuant to Section 409A of the Code, this provision shall be reformed to provide that all of the Initial Restricted Stock Units shall be paid out on the day following the six month anniversary of the Date of Termination.
Initial Restricted Stock Units. On or effective as of the Start Date, the Company will also grant Executive 111,000 restricted stock units (the “Initial RSUs” and the grant, the “Initial RSU Award”) pursuant to the Company’s Amended and Restated 2005 Incentive Plan (the “Equity Plan”). Subject to Executive’s continued service through the applicable vesting dates, the Initial RSU Award will be scheduled to vest as to 25% of the Initial RSUs on December 31, 2015, and an additional 25% of the Initial RSUs will vest on each anniversary thereafter (through December 31, 2018). Notwithstanding the foregoing vesting schedule, upon a Change of Control, and subject to Executive’s continued service through such date, the Initial RSU Award will vest as to 27,750 shares subject to the Initial RSU Award, or, if less, the number of shares subject to the Initial RSU Award that remain outstanding and unvested at such time. Any portion of the Initial RSU Award that is scheduled to vest following the Change of Control after taking into account the vesting acceleration set forth in the previous sentence will be similarly accelerated so that the overall vesting schedule for the Initial RSU Award is reduced by 12 months. In addition, the Initial RSUs will be subject to the vesting acceleration provisions set forth in Sections 7(b) and (d) below. The Initial RSUs will in all other respects be subject to the terms and conditions of the Equity Plan and the Initial RSU grant notice and grant agreement (the “Initial RSU Agreement”), which documents are incorporated herein by reference, provided that to the extent that the terms of the Initial RSU Agreement conflict with the expressly stated terms of this Agreement, this Agreement shall control.
Initial Restricted Stock Units. The shares of Common Stock issuable in respect of Initial Restricted Stock Units that become Fully Vested Units shall be issued on or as soon as administratively practicable following the occurrence of the Final Vesting Event (but in no event later than March 15th of the year following the year in which the Final Vesting Event occurs).
Initial Restricted Stock Units. The Executive shall be granted an award of restricted stock units (the “Initial RSU Award”) for 356,000 shares of Company common stock and the vesting terms set forth in the award agreement for the Initial RSU Award.
Initial Restricted Stock Units. Effective on December 19, 2018 (the “Grant Date”) and provided Employee is continuing in employment with the Company on such date, Employee will be granted the number of restricted stock units to be issued as Company Common Stock equal to $500,000 divided by the closing sales price per share of the Company’s Common Stock as reported on The Nasdaq Global Market on the Grant Date (the “Base Compensation RSUs”). The Base Compensation RSUs will subject to the terms of the Company’s Amended and Restated 2017 Equity Incentive Plan (the “Equity Plan”) and a restricted stock unit award agreement thereunder to be provided to Employee. The Base Compensation RSUs will vest in four equal quarterly installments on the last business day of each calendar quarter during 2019,
Initial Restricted Stock Units. Within fifteen (15) days of Employee’s and Company’s execution of this Agreement, the Company shall issue to Employee twelve thousand (12,000) Restricted Stock Units based on the Company’s Senior Management Performance criteria for 2009, a copy of which has previously been provided to Employee.
Initial Restricted Stock Units. Subject to the Executive’s continued employment through the applicable vesting date (other than as specifically set forth in this Agreement), the Initial Restricted Stock Units shall vest in full on the third anniversary of the Effective Date. The Executive shall be entitled to dividend equivalents on the Initial Restricted Stock Units. Vested Initial Restricted Stock Units and dividend equivalents thereon shall be payable no later than thirty (30) days after the date on which such units vest.
Initial Restricted Stock Units. As of the Effective Date, the Company shall grant the Executive an award of 100,000 restricted stock units (the "Initial Restricted Stock Units"), substantially in the form of the Restricted Stock Units Agreement attached hereto as Exhibit C. The Initial Restricted Stock Units shall vest one-third (1/3) per year beginning on the first anniversary of the Effective Date, and each subsequent anniversary thereafter; provided that the Executive is employed by the Company on each such anniversary date.
