Initial RSU Grant. Subject to the Board’s approval, the Company shall grant to Executive an award of Restricted Share Units (“RSUs”) under the DENTSPLY SIRONA Inc. 2016 Omnibus Incentive Plan, as amended and restated (the “Plan”), with the number of Company common shares (“shares”) subject to such grant having a grant date fair value of two million dollars ($2,000,000) (the “Initial RSU Grant”). The number of shares subject to the Initial RSU Grant shall be calculated by dividing (x) two million dollars ($2,000,000) by (y) the closing price of a Company share as listed on The Nasdaq Global Select Market on the Initial RSU Xxxxx’x xxxxx date. The Initial RSU Xxxxx’x xxxxx date shall be the third (3rd) trading day after the Commencement Date, provided, that, if such grant date is not within the Company’s open trading window period, the Initial RSU Xxxxx’x xxxxx date shall instead be the third (3rd) trading day after the date of the filing of the next periodic report on Form 10-Q or 10-K following the Commencement Date. The Initial RSU Grant shall vest monthly with respect to the shares subject thereto in six substantially equal installments, with the first vesting date occurring on the one month anniversary of the Commencement Date, such that one hundred percent (100%) of the shares subject to the Initial RSU Grant shall be vested on the sixth month anniversary of the Commencement Date (the “Final Vesting Date”), subject to Executive’s continued employment with the Company on each applicable vesting date as Interim Chief Financial Officer. Notwithstanding the foregoing, upon (i) the consummation of a Change in Control (as defined below) of the Company, (ii) Executive ceasing to serve as the Company’s Interim Chief Financial Officer, or (iii) Executive’s termination of employment with the Company, in each case, prior to the Final Vesting Date for any reason other than (x) a termination by the Company or its Affiliates for “Cause” (as defined below) or (y) a voluntary resignation by Executive (excluding a termination of Executive’s employment with the Company due to Executive’s death or disability), subject to Executive signing on or before the sixtieth (60th) day following Executive’s termination of employment with the Company or cessation of service as Interim Chief Financial Officer (if applicable), and not revoking, a release of claims in the Company’s customary form, as it may be updated from time to time (the “Release Condition”), one hundred percent (100%) of any then-unv...
Initial RSU Grant. Company will grant you a one-time sign-on award of restricted stock units (“RSUs) equal to the value of $400,000 with an effective strike price set at the market close on the next Company strike date. It will vest in equal one-third (1/3) installments on each of the first three (3) anniversaries of the date of grant, subject to your continued employment on each applicable vesting date. The RSU award will be subject to an award agreement, the InnovAge Holding Corp., 2021 Omnibus Incentive Plan, and any other restrictions and limitations generally applicable to the equity of the Company or otherwise imposed by law.
Initial RSU Grant. Company will grant Executive additional Restricted Stock Units (cliff-vesting on January 17, 2016) having a value of $2,000,000.00, but subject to reduction by the amount, if any, of any payments actually received by Executive with respect to the cash incentive or retention payments he is scheduled to receive from his former employer in February 2013 and December 2013. The stock price on the date of grant will be used for initial value and any reduction calculations.
Initial RSU Grant. Within 30 days following the Effective Date, the Executive will receive an award of 150,000 restricted stock units (“RSUs”) under the Company’s 2014 Omnibus Incentive Plan (the “2014 Plan”). The RSUs will be subject to vesting requirements described on Exhibit A and all applicable terms of the 2014 Plan.
Initial RSU Grant. On or as soon as reasonably practicable following the Effective Date, and subject to approval by the Compensation Committee of the Board of Directors of the Company (the “Committee”), you will receive a grant of 120,000 restricted stock units (the “RSU Grant”) pursuant to the Sprout Social, Inc. 2019 Incentive Award Plan (the “Plan”). The RSU Grant will generally vest 25% on the first anniversary of the applicable vesting start date, with an additional 1/16 of the RSU Grant vesting on each quarterly anniversary of the applicable vesting start date thereafter, such that the RSU Grant will be fully vested on the fourth anniversary of the applicable vesting start date, subject to your continued employment with the Company through each applicable vesting date. Notwithstanding anything in this Letter to the contrary, the RSU Grant will be subject to the terms and conditions set forth in an award agreement under the Plan, which will be provided to you under separate cover.
Initial RSU Grant. On the Effective Date, Executive will be granted a restricted stock unit award under the Soliton, Inc. 2018 Stock Plan (the “Stock Plan”) for 200,000 shares of Company common stock (the “Initial Grant”). The Initial Grant shall vest in four (4) equal installments on each of the succeeding four anniversary dates of the date of grant; provided Executive remains continuously employed by Company on and does not resign prior to each such vesting date; provided further that the vesting of the Initial Grant shall be accelerated upon a Change in Control (as defined in the Soliton, Inc. 2018 Stock Plan) or the termination by the Company without Cause or by Executive for Good Reason. The Initial Grant shall be made pursuant to the Soliton, Inc. 2018 Stock Plan, and shall in all respects be subject to the terms and conditions of the Stock Plan.
Initial RSU Grant. As a material inducement to Executive joining the Company, the Company shall grant Executive an initial one-time grant (the “Initial RSU Grant”) of restricted stock units (“RSUs”) with respect to the Company’s common stock, $0.01 par value per share (“Common Stock”). The Initial RSU Grant shall be granted on the Commencement Date, as to a number of RSUs equal to (1) two million dollars ($2,000,000.00) divided by the closing price of a share of the Common Stock on the Nasdaq Stock Market on the last trading day before the Commencement Date and (2) two million dollars ($2,000,000.00) divided by the closing price of a share of the Common Stock on the Nasdaq Stock Market on the last trading day before the date on which the Company makes public disclosure of Executive’s being hired. The RSUs shall be subject to the Company’s 2017 Employee, Director and Consultant Equity Incentive Plan, as amended (the “2017 Equity Plan”), and the terms of the Company’s form Restricted Stock Unit Agreement (the “RSU Agreement”), and shall vest in four (4) equal installments on each of the first four (4) anniversaries of the Commencement Date provided that Executive remains employed by the Company on such dates. The shares of Common Stock issued pursuant to the Initial RSU Grant shall be covered by an effective registration statement (either a Form S-8 or other registration statement with no less favorable effect to Executive than a Form S-8) that is on file with the Securities and Exchange Commission before the issuance of such shares.
Initial RSU Grant. The Company shall grant Executive an initial one-time grant (the “Initial RSU Grant”) of restricted stock units (“RSUs”) with respect to the Company’s common stock, $0.01 par value per share (“Common Stock”). The Initial RSU Grant shall be granted on the Commencement Date, as to a number of RSUs equal to (1) one million two hundred and fifty thousand dollars ($1,250,000.00) divided by the closing price of a share of the Common Stock on the Nasdaq Stock Market on the last trading day before the Commencement Date and (2) one million two hundred and fifty thousand dollars ($1,250,000.00) divided by the closing price of a share of the Common Stock on the Nasdaq Stock Market on the last trading day before the date on which the Company makes public disclosure of Executive being hired. The RSUs shall be subject to the Company’s 2017 Employee, Director and Consultant Equity Incentive Plan, as amended (the “2017 Equity Plan”), and the terms of the Company’s form Restricted Stock Unit Agreement (the “RSU Agreement”), and shall vest in four (4) equal installments on each of the first four (4) anniversaries of the Commencement Date provided that Executive remains employed by the Company on such dates.
Initial RSU Grant. On the Commencement Date, Executive shall be awarded a restricted stock unit representing the right to receive up to 166,667 shares of common stock, subject to the time and performance-based vesting criteria set forth below (the “RSU”). The RSU shall vest, and the underlying shares shall be delivered, upon satisfaction of time and performance-based vesting criteria to be mutually agreed upon between Executive and the Company.
Initial RSU Grant. The Company shall grant the Executive a time-based restricted stock unit grant (the “Initial RSU Grant”) covering a number of shares corresponding to one-third of the LTI Grant Value (i.e., one-third of the LTI Grant Value divided by the volume-weighted average stock price described above), adjusted as set forth in Section 3(c)(v) below. The Initial RSU Grant shall vest in three equal annual installments beginning on the first anniversary of the Start Date, subject to Executive’s continued employment with the Company through the relevant vesting date, and shall be settled upon or shortly following the relevant vesting date.
