New Hire Grant Clause Samples

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 75,000 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 100,000 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 25,000 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 100,000 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 25,000 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 Com...

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. 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 An initial Restricted Stock Award (the “Initial RSA”) with respect to a number of shares of the common stock, $0.001 par value per share, of the Company (“Common Stock”) calculated with a numerator equal to $2,000,000 and a denominator equal to the 40 trading day trailing average of the closing price of the Company’s Common Stock traded on the New York Stock Exchange under ticker “DDD” (“DDD”) ended on the Effective Date, which shall vest and become exercisable (i) 20% on December 31, 2020, (ii) 40% on December 31, 2021, and (iii) 40% on December 31, 2022 during the continuation of Executive’s employment hereunder; 3.6.2 A time-based Restricted Stock Award (the “Time-Based RSA”) with respect to a number of shares of Common Stock calculated with a numerator equal to $1,250,000 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 during the continuation of Executive’s employment hereunder; 3.6.3 A performance-based restricted stock unit award (“Performance-Based RSU”) with respect to a number of shares of Common Stock calculated with the numerator equal to $1,250,000 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 3.6.4 A 2020 bonus restricted Stock Award (“2020 Bonus RSA”) with respect a numb...

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. 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 ▇▇▇▇▇-▇▇▇▇▇ value on the date of grant, rounded down to the nearest whole Share.

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: i.
. Restricted Stock Award with respect to 20,000 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; ii.
. Restricted Stock Award with respect to 8,000 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; and iii.
. Restricted Stock Award with respect to 8,000 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 Committee in its sole discretion.

New Hire Grant. You have informed Company that you may forfeit your 2024 annual bonus payable in 2025 by your former employer (“Former Employer Bonus”) due to your resignation to accept employment with Company. If you fail to receive the Former Employer Bonus, you shall represent in writing to the Company (and directed to ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Chief People and Culture Officer) no later than thirty (30) days after such annual bonuses are paid to similarly situated executives at your former employer, that you have not received any Former Employer Bonus (such date, “Former Bonus Notification Date”). Subject to and conditioned on you commencing employment with Company on the Start Date and executing this Agreement, you shall receive a one-time award of Restricted Stock Units (“RSUs”) with a target value of up to $12,500,000, less any Former Employer Bonus (or portion thereof) paid to you, under the Warner Bros. Discovery Stock Incentive Plan or a successor plan (the “Stock Plan”). The award (“New Hire Grant”) shall be subject to the normal process and practices for approving and granting of equity to Senior Executives (including final approval by the Compensation Committee of the WBD Board of the Directors (the “Compensation Committee”) of the grant date within the time frame set forth in this paragraph) and awarded the later of (i) 14 days following the Former Bonus Notification Date and

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.