Common use of New Hire Grant Clause in Contracts

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 Committee in its sole discretion.

New Hire Grant. Executive shall receive the following equity grants grant 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 i.. 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 ii.. 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 iii.. 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 iv.. 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 v.. 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 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 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 50,000 100,000 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 10,000 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 50,000 100,000 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 10,000 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 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 35,000 150,000 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 50,000 250,000 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 50,000 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 50,000 250,000 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 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 inception of Executive’s employment hereunder 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.