Common use of New Hire Grant Clause in Contracts

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 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 1,500,000 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 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 $500,000 650,000 and a denominator equal to the 20 trading day trailing average closing price of DDD ended on the day immediately preceding the Commencement Effective 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.