Common use of IRREVOCABLE STANDING ORDER TO SELL SHARES Clause in Contracts

IRREVOCABLE STANDING ORDER TO SELL SHARES. The Participant has been granted restricted stock units (“RSUs”) by Akamai Technologies, Inc. (“Akamai”), which is evidenced by a restricted stock unit agreement between me and Akamai (the “Agreement,” copy attached). Provided that I remain employed by Akamai on each vesting date, the shares vest according to the provisions of the Agreement. I understand that on each vesting date, the shares issuable in respect of vested RSUs (the “Shares”) will be deposited into my account at Xxxxxxx Xxxxxx & Co., Inc. (“Schwab”) and that I will recognize taxable ordinary income as a result. Pursuant to the terms of the Agreement and as a condition of my receipt of the Shares, I understand and agree that, for each vesting date, I must sell a number of shares sufficient to satisfy all withholding taxes applicable to that ordinary income. Therefore, I hereby direct Schwab to sell, at the market price and on each vesting date listed above (or the first business day thereafter if a vesting date should fall on a day when the market is closed) or as soon as practicable thereafter, the number of Shares that Akamai informs Schwab is sufficient to satisfy the applicable withholding taxes, which shall be calculated based on the closing price of Akamai’s common stock on the last trading day before each vesting date. I understand that Schwab will remit the proceeds to Akamai for payment of the withholding taxes. I hereby agree to indemnify and hold Schwab harmless from and against all losses, liabilities, damages, claims and expenses, including reasonable attorneys’ fees and court costs, arising out of any (i) negligent act, omission or willful misconduct by Akamai in carrying out actions pursuant to the third sentence of the preceding paragraph and (ii) any action taken or omitted by Schwab in good faith reliance upon instructions herein or upon instructions or information transmitted to Schwab by Akamai pursuant to the third sentence of the preceding paragraph. I understand and agree that by signing below or effecting an online acceptance of the Agreement, I am making an Irrevocable Standing Order to Sell Shares which will remain in effect until all of the shares have vested. I also agree that this Irrevocable Standing Order to Sell Shares is in addition to and subject to the terms and conditions of any existing Account Agreement that I have with Schwab. Signature Print Name SCHEDULE 1 VESTING CRITERIA FOR RSUs

Appears in 3 contracts

Samples: Akamai Technologies Inc, Akamai Technologies Inc, Akamai Technologies Inc

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IRREVOCABLE STANDING ORDER TO SELL SHARES. The Participant has been granted restricted stock units (“RSUs”) by Akamai Technologies, Inc. (“Akamai”), which is evidenced by a restricted stock unit agreement between me and Akamai (the “Agreement,” copy attached). Provided that I remain employed by Akamai on each vesting date, the shares vest according to the provisions of the Agreement. I understand that on each vesting date, the shares issuable in respect of vested RSUs (the “Shares”) will be deposited into my account at Xxxxxxx Xxxxxx & Co., Inc. (“Schwab”) and that I will recognize taxable ordinary income as a result. Pursuant to the terms of the Agreement and as a condition of my receipt of the Shares, I understand and agree that, for each vesting date, I must sell a number of shares sufficient to satisfy all withholding taxes applicable to that ordinary income. Therefore, I hereby direct Schwab to sell, at the market price and on each vesting date listed above (or the first business day thereafter if a vesting date should fall on a day when the market is closed) or as soon as practicable thereafter), the number of Shares that Akamai informs Schwab is sufficient to satisfy the applicable withholding taxes, which shall be calculated based on the closing price of Akamai’s common stock on the last trading day before each vesting date. I understand that Schwab will remit the proceeds to Akamai for payment of the withholding taxes. I hereby agree to indemnify and hold Schwab harmless from and against all losses, liabilities, damages, claims and expenses, including reasonable attorneys’ fees and court costs, arising out of any (i) negligent act, omission or willful misconduct by Akamai in carrying out actions pursuant to the third sentence of the preceding paragraph and (ii) any action taken or omitted by Schwab in good faith reliance upon instructions herein or upon instructions or information transmitted to Schwab by Akamai pursuant to the third sentence of the preceding paragraph. I understand and agree that by signing below or effecting an online acceptance of the Agreement, I am making an Irrevocable Standing Order to Sell Shares which will remain in effect until all of the shares have vested. I also agree that this Irrevocable Standing Order to Sell Shares is in addition to and subject to the terms and conditions of any existing Account Agreement that I have with Schwab. Signature Print Name SCHEDULE 1 VESTING CRITERIA FOR RSUsName

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Akamai Technologies Inc)

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IRREVOCABLE STANDING ORDER TO SELL SHARES. The Participant has I have been granted restricted stock units an award in respect of Performance Shares (“RSUsPerformance Shares”) by Akamai TechnologiesSprouts Farmers Market, Inc. (the AkamaiCompany”), which is evidenced by a restricted stock unit performance share award agreement between me and Akamai the Company (the “Agreement,” copy attached). Provided that I remain employed by Akamai the Company on each the applicable vesting date, the shares vest according to the provisions of the Agreement. I understand that on each vesting datethe Certification Date (as defined in the Agreement), the shares issuable in respect of vested RSUs (the “Shares”) Performance Shares will be deposited into my account at Xxxxxxx Xxxxxx & Co., Inc. E*TRADE or such other broker the Company may engage at such time (the SchwabBroker”) and that on the applicable vesting date, I will recognize taxable ordinary income as a result. Pursuant to the terms of the Agreement and as a condition of my receipt of the Shares, I understand and agree that, for each on the vesting date, I must sell a number of shares sufficient to satisfy all withholding taxes applicable to that ordinary income. Therefore, I hereby direct Schwab the Broker to sell, at the market price and on each the vesting date listed above (or the first business day thereafter if a the vesting date should fall on a day when the market is closed) or as soon as practicable thereafter), the number of Shares that Akamai the Company informs Schwab the Broker is sufficient to satisfy the applicable withholding taxes, which shall be calculated based on the closing price of Akamaithe Company’s common stock ordinary shares on the last trading day before each the vesting date. I understand that Schwab the Broker will remit the proceeds to Akamai the Company for payment of the withholding taxes. I hereby agree to indemnify and hold Schwab harmless from and against all losses, liabilities, damages, claims and expenses, including reasonable attorneys’ fees and court costs, arising out of any (i) negligent act, omission or willful misconduct by Akamai in carrying out actions pursuant to the third sentence of the preceding paragraph and (ii) any action taken or omitted by Schwab in good faith reliance upon instructions herein or upon instructions or information transmitted to Schwab by Akamai pursuant to the third sentence of the preceding paragraph. I understand and agree that by signing below or effecting an online acceptance of the Agreementbelow, I am making an Irrevocable Standing Order to Sell Shares which will remain in effect until all of the shares have vestedvesting date. I also agree that this Irrevocable Standing Order to Sell Shares is in addition to and subject to the terms and conditions of any existing Account Agreement that I have with Schwabthe Broker. Signature Print Name SCHEDULE 1 VESTING CRITERIA FOR RSUsName

Appears in 1 contract

Samples: Performance Share Award Agreement (Sprouts Farmers Market, Inc.)

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