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:
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. 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. 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, Tripadvisor will grant you on the Start Date an award of performance-based restricted stock units (“PSUs”) with respect to shares of common stock of Tripadvisor, par value $0.001 (“Shares”). The number of PSUs granted will be determined based on an award value of $3,500,000 divided by the accounting cost of the award, which will be determined by the Mxxxx-Xxxxx value on the date of grant (the Start Date), rounded down to the nearest whole Share.
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 30,000 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. On the third business day after the Company has publicly announced its hiring of Executive, Company shall grant to Executive (i) an award of restricted stock units (“RSUs”) pursuant to the award agreement attached as Exhibit A with an aggregate value of $3,000,000, and (ii) an award of performance-based RSUs pursuant to the award agreement attached as Exhibit B with an aggregate value of $3,000,000, in each case determined by dividing $3,000,000 by the closing price of a share of Company common stock on the date of grant.
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. 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.
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.
