Long-Term Incentive Equity Awards. On or around the Effective Date, the Company will recommend to the Board that Executive be granted time-based equity awards with an aggregate value of $3,000,000 in the form of 50% in stock options (“Options”) and 50% in RSUs. The number of Options granted will be determined using Black-Scholes valuation methods. The number of RSUs granted will be calculated by dividing the approved dollar amount by the average closing price of Sunrun common stock during the thirty (30) trading days prior to the date of grant, unless stated otherwise in the approval document.
Long-Term Incentive Equity Awards. During your employment, you were a participant in the Element Solutions Inc long term incentive program (“LTI”), pursuant to which you received (i) a Performance-Based Restricted Stock Award Agreement dated February 17, 2021 (“Award #1”), (ii) a Restricted Stock Unit Agreement dated February 17, 2021 (“Award #2”), (iii) a Performance-Based Restricted Stock Award Agreement dated February 15, 2022 (“Award #3”), (iv) Restricted Stock Unit Agreement dated February 15, 2022 (“Award #4”), and (v) a Restricted Stock Unit Agreement dated February 13, 2023 (“Award #5”), in each case representing LTI awards under the Element Solutions Inc Amended and Restated 2013 Incentive Compensation Plan (the “Plan”). (Award #1, Award #2, Award #3, Award #4 and Award #5 are referred to herein each as an “Award” and collectively as the “Awards”.) Subject to achieving the performance vesting criteria set forth in Award #1, you will continue to be eligible to receive the vesting of Award #1, if, as and when such Award would otherwise vest for full-time, actively employed, similarly situated participants in the Plan generally, even though you will not be a full-time, active employee on the date the restrictions would otherwise lapse. You will be receive the vesting of 50% of Award #3 (i.e. a number of shares equal to achieving 50% of target from Award #3 (but not the “maximum” or “stretch” level of achievement)), as and when the 2022 LTI awards would otherwise vest for full-time, actively employed, similarly situated participants in the Plan generally, even though you will not be a full-time, active employee on the date the restrictions would otherwise lapse. Subject to achieving the respective time vesting criteria set forth in Award #2, Award #4, and Award #5, you will continue to be eligible to receive the vesting of the tranches of such Awards that would otherwise vest in the ordinary course in February 2024, if, as and when such Awards otherwise would vest if you were actively employed, even though you will not be a full-time, active employee on the date the Awards would otherwise vest. The Awards will otherwise continue to be governed by and subject to the terms and conditions of the applicable award agreement and the Plan. Any remaining unvested equity awards not addressed in this paragraph will be forfeited upon termination.
Long-Term Incentive Equity Awards. Employee will be eligible to receive equity based awards pursuant to the terms and conditions of the Corporation’s annual long term incentive equity compensation plan established each year, subject to the achievement of performance conditions, if any. 5. Section 6 of the Agreement is hereby deleted in its entirety and replaced with the word “Reserved” to preserve the integrity of the paragraph numbering in the Agreement.
Long-Term Incentive Equity Awards. For each calendar year during the Term, Executive shall be eligible to receive long-term RSUs (often referred to as Other Restricted Stock Units) (“Long-Term RSUs”), in such final amount, up to a maximum value at the time of grant of $500,000, and otherwise subject to such terms as may be determined by the Compensation Committee, provided that such terms are substantially similar to those terms applicable to grants made to similarly situated executives of the Company at or around the date of the grant to Executive. Executive shall receive a minimum of $250,000 in Long-Term RSUs for 2009.
Long-Term Incentive Equity Awards. Employee shall be eligible to receive equity awards (a combination of restricted stock, options, and SARs), as determined by the Board or Committee and, as applicable, based on the performance or other criteria established by the Board or Committee. Solely for fiscal years 2024 and 2025, Employee will be guaranteed that such equity awards will have a fair market value at the time of the grant of at least $304,500 for 2024 and $389,000 for 2025, and are conditioned at least upon Employee having been employed at the time such awards are made to senior management and throughout the relevant vesting period(s).
Long-Term Incentive Equity Awards. The Executive shall also be eligible to participate in the Company's Long Term Incentive Compensation Plan (“Equity Awards”). The Executive's target Equity Award for any such fiscal year shall be forty percent (40%) of the Executive's Base Salary, and will be determined by the Company in its sole discretion, based on the performance objectives established by the Company for that particular period and subject to the terms and conditions of any applicable bonus plan. For the 2011 award cycle , the grant-date value of the Equity Awards made to the Executive (such value determined using the Company's usual methodologies and assumptions for purposes of determining the grant-date value, expressed as a cash amount, of its Equity Awards) shall not be less than One Hundred and Ten Thousand Dollars ($110,000) and will be granted no later than June 30, 2011. The 2011 award cycle grant will include Restricted Stock Units (20% of award value at grant), Stock Options (40% of Award Value at grant) and Performance Based Restricted Stock Units (40% of Award Value at grant) consistent with the Offer Letter (“Offer Letter”) accepted and signed February 9, 2011. Any Equity Awards granted under this Agreement shall be subject to the provisions of the CoreLogic 2006 Incentive Compensation Plan or the Plan in effect at the time of the grant (the “Plan”).
Long-Term Incentive Equity Awards. For so long as employee remains employed as Chief Executive Officer (CEO), he will be entitled to receive the following equity incentive awards:
Long-Term Incentive Equity Awards
