New Hire Grant Sample Clauses

New Hire Grant. Executive shall receive a time-based Restricted Stock Award (the “Initial Time-Based RSA”) granted under the terms of the 2015 Incentive Plan of 3D Systems Corporation, the terms of which shall be reflected in an award agreement to be issued contemporaneously with the commencement of the Executive’s employment hereunder with respect to a number of shares of Common Stock calculated with a numerator equal to $500,000 and a denominator equal to the 20 trading day trailing average closing price of DDD ended on the day immediately preceding the Commencement Date, which shall vest and become exercisable in three equal annual installments during the continuation of Executive’s employment hereunder. The award described above shall be subject to such additional terms and conditions and documentation as may be determined by the Board or the Compensation Committee in its sole discretion.

New Hire Grant. Executive shall receive the following equity grants under the terms of the 2015 Incentive Plan of 3D Systems Corporation, the terms of which shall be reflected in one or more award agreements to be issued contemporaneously with the commencement of Executive’s employment hereunder: 3.6.1 Restricted Stock Award with respect to 35,000 shares of the common stock, $0.001 par value per share, of the Company (“Common Stock”), which shall vest and become exercisable in three equal annual installments during the continuation of Executive’s employment hereunder; 3.6.2 Stock Option Grant with respect to 50,000 shares of Common Stock that vest and become exercisable when the closing price of the Common Stock on the principal stock exchange on which the Company’s shares are listed is $30 per share or greater for each trading day in any 90 calendar day period during the continuation of Executive’s employment hereunder; 3.6.3 Restricted Stock Award with respect to 10,000 shares of Common Stock, which shall vest and become exercisable when the closing price of the Common Stock on the principal stock exchange on which the Company’s shares are listed is $30 per share or greater for each trading day in any 90 calendar day period during the continuation of Executive’s employment hereunder; 3.6.4 Stock Option Grant with respect to 50,000 shares of Common Stock that vest and become exercisable when the closing price of the Common Stock on the principal stock exchange on which the Company’s shares are listed is $40 per share or greater for each trading day in any 90 calendar day period during the continuation of Executive’s employment hereunder; and 3.6.5 Restricted Stock Award with respect to 10,000 shares of Common Stock, which shall vest and become exercisable when the closing price of the Common Stock on the principal stock exchange on which the Company’s shares are listed is $40 per share or greater for each trading day in any 90 calendar day period during the continuation of Executive’s employment hereunder. provided, however, that notwithstanding any provision of the foregoing to the contrary, none of the awards listed above in this section shall become vested and exercisable prior to the expiration of six (6) months after the Effective Date and only if Executive’s employment hereunder is continuing at that time. The awards described above shall be subject to such additional terms and conditions and documentation as may be determined by the Board or the Compensation Commi...

New Hire Grant. Upon hire you will receive a one-time grant of service based restricted stock units having a value of $375,000 on the date of grant, that will vest over four years (25% each year) at the end of each anniversary of your employment date and shall be subject to the terms of the Stock Plan and award agreement in the form established by the Compensation Committee, as well as the terms of the Company’s Equity Award Grant Policy.

New Hire Grant. Executive shall receive the following new hire equity grant under the terms of the 2015 Incentive Plan of 3D Systems Corporation, the terms of which shall be reflected in an award agreement to be issued contemporaneously with the commencement of Executive’s employment hereunder: Restricted Stock Award with respect to 100,000 shares of the common stock, $0.001 par value per share, of the Company (“Common Stock”), which shall vest and become exercisable in three equal annual installments during the continuation of Executive’s employment hereunder; provided, however, that notwithstanding any provision of the foregoing to the contrary, the award listed above in this section shall not become vested and exercisable prior to the expiration of six (6) months after the Effective Date and only if Executive’s employment hereunder is continuing at that time. The award described above shall be subject to such additional terms and conditions and documentation as may be determined by the Board or the Compensation Committee in its sole discretion.

New Hire Grant. You will receive an equity incentive compensation award of restricted stock units (the “New Hire RSUs”), which will be granted to you on the Grant Date. The number of New Hire RSUs will be in an amount equal to the quotient of $6,300,000, divided by the “Fair Market Value” per share of the Company’s common stock as determined under the 1999 Omnibus Plan on the Grant Date, will vest and be settled in Company common shares on each of the first three anniversaries of the Grant Date (each year, a “Vesting Period”), subject to your continued service through each such date, and will otherwise be governed by the terms set forth in an award agreement under the 1999 Omnibus Plan.

New Hire Grant. Executive shall receive the following equity grants under the terms of the 2015 Incentive Plan of 3D Systems Corporation, the terms of which shall be reflected in award agreements to be issued contemporaneously with the commencement of Executive’s employment hereunder: i.. A time-based Restricted Stock Award (the “Initial Time-Based RSA”) with respect to a number of shares of Common Stock calculated with a numerator equal to $500,000 and a denominator equal to the 40 trading day trailing average closing price of DDD ended on the Effective Date, which shall vest and become exercisable in three equal annual installments on the anniversary of the Initial Time-Based RSA during the continuation of Executive’s employment hereunder; ii.. A performance-based restricted stock unit award (“Initial Performance-Based RSU”) with respect to a number of shares of Common Stock calculated with the numerator equal to $500,000 and a denominator equal to the 40 trading day trailing average closing price of DDD ended on the Effective Date, which may be earned during the period commencing on the Effective Date and ending on the third anniversary based on the achievement at target of 50% total shareholder return (“TSR”), which shall earn 100% of the Performance-Based RSU, with a threshold achievement at 25% TSR, which shall earn 50% of the Performance-Based RSU and a maximum achievement at 75% TSR, which shall earn 150% of the Performance-Based RSU, in each case for 20 consecutive trading days and vest, if applicable, on the third anniversary of the Effective Date. TSR will be measured as the percentage growth in stock price, plus dividends and adjusted for events such as stock splits, with percentage growth calculated as (stock price) / (40 trading day trailing average closing price of DDD ended on the Effective Date) – 1; and iii.. A 2020 bonus restricted Stock Award (“2020 Bonus RSA”) with respect a number of shares of Common Stock calculated with the numerator equal to the pro-rata calculation of Executive’s 2020 Performance Bonus at target and a denominator equal to the DDD closing price on the date determined by the Compensation Committee of the Board of Directors following the completion of the 2020 financial audit and filing of the Company’s Annual Report on Form 10-K. Such date is expected to be in early March 2021 and shall not extend past March 31, 2021. The 2020 Bonus RSA when calculated shall vest immediately upon issuance. The awards described above shall be subjec...

New Hire Grant. In consideration of your acceptance of the attached Non-Disclosure, Developments and Non-Competition Agreement, on your Start Date, the Company will grant you an award of performance-based restricted stock units (“PSUs”) with respect to shares of common stock of Tripadvisor, Inc. par value $0.001 (“Shares”). The number of PSUs granted will be determined based on an award value of $916,667 divided by the accounting cost of the award, which will be determined by the Xxxxx-Xxxxx value on the date of grant, rounded down to the nearest whole Share.

New Hire Grant. Executive shall receive time-based Restricted Stock Awards (the “Initial Time-Based RSAs”) granted under the terms of the 2015 Incentive Plan of 3D Systems Corporation, the terms of which shall be reflected in two award agreements to be issued contemporaneously with the commencement of the Executive’s employment hereunder with respect to (i) a number of shares of Common Stock calculated with a numerator equal to $500,000 and a denominator equal to the 20 trading day trailing average closing price of DDD ended on the Effective Date, which shall vest and become exercisable in three equal annual installments during the continuation of Executive’s employment hereunder and (ii) a number of shares of Common Stock calculated with a numerator equal to $100,000 and a denominator equal to the 20 trading day trailing average closing price of DDD ended on the Effective Date, which shall vest and become exercisable in full on the first anniversary of Executive’s employment hereunder. The award described above shall be subject to such additional terms and conditions and documentation as may be determined by the Board or the Compensation Committee in its sole discretion.

New Hire Grant. Subject to approval by the Compensation Committee of the Board (the “Committee”), the Company will grant you restricted stock units covering shares of the Company’s Class A Common Stock (the “RSUs”) with a grant date value of approximately $10,800,000, as follows (the “New Hire Grant Value”). The number of RSUs subject to your award, if approved, will be calculated by dividing the New Hire Grant Value by the 20-trading day trailing average closing price of a share of the Company’s Class A Common Stock, ending on the last trading day preceding the Monday of the week of the Start Date, rounded to the nearest whole RSU, as determined by the Committee or its delegate. 1/12th of the total number of RSUs shall vest on the first quarterly vesting date (set at February 20, May 20, August 20 and November 20 of each year) (“Quarterly Vesting Dates”) that occurs after you complete three (3) months of continuous service and, 1/12th of the total number of RSUs shall vest on each Quarterly Vesting Date thereafter, in all cases, subject to your continuous service with the Company or its subsidiaries or affiliates from the grant date through the applicable Quarterly Vesting Date.

New Hire Grant. In addition to the Fiscal 2014 Equity Grant, on the Start Date (provided that on or prior to the Start Date the Executive has executed and delivered to the Company the Proprietary Information and Confidentiality Agreement) the Executive will be awarded an equity grant (the “New Hire Grant”) consisting of: (i) approximately $250,000 in stock options (reflecting the opportunity to purchase shares of the Common Stock); and (ii) approximately $250,000 in restricted stock units (reflecting the opportunity to receive shares of the Common Stock), each as described further below. The number of stock options that will be granted to the Executive pursuant to the New Hire Grant will be determined by dividing $250,000 by 37% of the Fair Market Value of the Common Stock as of the Start Date, and rounding down to the nearest whole share. The number of restricted stock units that will be granted to the Executive pursuant to this award will be determined by dividing $250,000 by the Fair Market Value of the Common Stock as of the Start Date, and rounding down to the nearest whole share. The awards will be made pursuant to the terms of the Plan, standard forms of Notice of Stock Option Grant (including vesting at the rate of approximately 20% on each of the 1st through 5th anniversaries of the Start Date) and Terms and Conditions of Stock Option Award, and standard forms of Notice of Restricted Stock Unit Grant (including vesting at the rate of approximately 50% on each of the 2nd and 3rd anniversaries of the Start Date) and Terms and Conditions of Restricted Stock Unit Award, copies of which are attached hereto as Exhibits B through D, G and H.