Make-Whole Restricted Stock Unit Grant. A grant of a restricted stock unit award under the Plan for a number of shares of Verra Mobility Class A Common Stock with a total value, as measured by the closing price of Verra Mobility’s Class A Common Stock on the Nasdaq Capital Market on the date of grant, equal to one hundred thousand dollars ($100,000) (“Make-Whole RSUs”), which shall include annual time-based vesting of twenty-five percent (25%) increments on each of the first four anniversaries of the grant date and the terms of the Plan and Executive’s RSU award agreement, including continued service through each applicable vesting date.
Appears in 1 contract
Samples: Executive Employment Agreement (VERRA MOBILITY Corp)
Make-Whole Restricted Stock Unit Grant. A grant of a restricted stock unit award under the Plan for a number of shares of Verra Mobility Class A Common Stock with a total value, as measured by the closing price of Verra Mobility’s Class A Common Stock on the Nasdaq Capital Market on the date of grant, equal to one million eight hundred thousand dollars ($100,0001,800,000) (“Make-Whole RSUs”), which shall include annual time-based vesting of twenty-five fifty percent (2550%) increments on each of the first four two anniversaries of the grant date and the terms of the Plan and Executive’s RSU award agreement, including continued service through each applicable vesting date.
Appears in 1 contract
Samples: Executive Employment Agreement (VERRA MOBILITY Corp)
Make-Whole Restricted Stock Unit Grant. A grant of a restricted stock unit award under the Equity Plan for a number of shares of Verra Mobility Class A Common Stock with a total value, as measured by the closing price of Verra Mobility’s Class A Common Stock on the Nasdaq Capital Market on the date of grant, equal to one hundred thousand dollars Four Hundred and Fifty Thousand Dollars ($100,000450,000.00) (the “Make-Whole RSUs”), which shall include annual time-based vesting of twenty-five percent (25%) 33.33% increments on each of the first four three (3) anniversaries of the grant date and the terms of the Equity Plan and Executive’s RSU award agreement, including continued service through each applicable vesting date.
Appears in 1 contract
Samples: Executive Employment Agreement (VERRA MOBILITY Corp)
Make-Whole Restricted Stock Unit Grant. A grant of a restricted stock unit award under the Plan for a number of shares of Verra Mobility Class A Common Stock with a total value, as measured by the closing price of Verra Mobility’s Class A Common Stock on the Nasdaq Capital Market on the date of grant, equal to one four hundred thousand dollars ($100,000400,000) (“Make-Whole RSUs”), which shall include annual time-based vesting of twenty-five percent (25%) increments on each of the first four anniversaries of the grant date and the terms of the Plan and Executive’s RSU award agreement, including continued service through each applicable vesting date.
Appears in 1 contract
Samples: Executive Employment Agreement (VERRA MOBILITY Corp)