NOTICE OF PERFORMANCE STOCK UNIT GRANT. The undersigned Participant has been granted a Performance Share Unit, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Date: Total Number of Target Units of Stock Unit Award:
NOTICE OF PERFORMANCE STOCK UNIT GRANT. Participant Name: Address: You have been granted an Award of Performance Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Vesting Commencement Date Number of Performance Stock Units [ ] which number represents the target amount of shares available, as set forth in Appendix 1 of Exhibit A, attached hereto Performance Period Vesting Schedule See Appendix 1 of Exhibit A, attached hereto In the event Participant ceases to be a Service Provider (or gives or is given notice of such termination) for any or no reason before Participant vests in the Performance Stock Unit, the Performance Stock Unit and Participant’s right to acquire any Shares hereunder, or the cash equivalent of all or some portion of such Shares, as determined by the Administrator in its sole discretion, will immediately terminate, unless as otherwise set forth in Exhibit A. By Participant’s acknowledgment on the Xxxxxxx Xxxxx website and the signature of the representative of Shutterstock, Inc. (the “Company”) below, Participant and the Company agree that this Award of Performance Stock Units is granted under and governed by the terms and conditions of the Plan and this Award Agreement, including the Terms and Conditions of Restricted Stock Unit Grant (and any country-specific addendum thereto), attached hereto as Exhibit A, all of which are made a part of this document. Participant has reviewed the Plan and this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions of the Plan and Award Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Award Agreement. Participant further agrees to notify the Company upon any change in the Participant’s residence address. SHUTTERSTOCK, INC. By: EXHIBIT A
NOTICE OF PERFORMANCE STOCK UNIT GRANT. Participant Name: Address: You have been granted the right to receive an Award of Performance Stock Units, the vesting of which is based on the attainment of performance goals related to the Total Shareholder Return of the Company (“PSUs”), subject to the terms and conditions of the Plan, the Fortinet, Inc. Cash and Equity Incentive Plan (the “Performance Award Plan” and, collectively with the Plan, the "Plans") and this Award Agreement, as follows: Grant Number Date of Grant Performance Period Start Date Target Number of PSUs: For Two-Year Performance Period For Three-Year Performance Period Total Target Number
NOTICE OF PERFORMANCE STOCK UNIT GRANT. The undersigned Participant has been granted a Performance Share Unit, subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Date: %%OPTION_DATE%-%. Total Number of Units of Stock Unit Award: %%TOTAL_SHARES_GRANTED%-% Vesting Schedule: Performance Stock Units Vest Date %%SHARES_PERIOD1%-% %%VEST_DATE_PERIOD1%-% %%SHARES_PERIOD2%-% %%VEST_DATE_PERIOD2%-% %%SHARES_PERIOD3%-% %%VEST_DATE_PERIOD3%-% The Award will vest, and common stock (“Shares”) of CryoLife, Inc. (the “Company”) will be issued, based on a combination of (i) attaining specified levels of 2019 adjusted EBITDA and (ii) the satisfaction of time-based service vesting requirements, as more specifically described below. The weighting of the performance goals (i.e., the percentage of the Target Number of Performance Shares eligible to vest based on the achievement of each goal) shall be as follows: EBITDA component (100%) The Company calculates adjusted EBITDA as GAAP Net Income before interest, taxes, depreciation and amortization, as further adjusted by removing the impact of the following: stock-based compensation; R&D (excluding salaries and related expense); grant revenue; litigation expense or revenue; acquisition, license, and business development expense; integration costs (including any litigation costs or revenue related to assumed litigation); unbudgeted executive severance expenses and on-boarding costs; and GAAP other income or expense. Adjusted EBITDA Vesting Schedule If adjusted EBITDA of at least $57,258,000 achieved, the Company will fix the number of Shares that may be issued pursuant to the adjusted EBITDA component of the Award at 60% of the target number of Shares related to adjusted EBITDA; 50% of the fixed Shares will vest on the anniversary of the Grant Date, 25% of the fixed Shares will vest on the second anniversary of the Grant Date, and the final 25% of the fixed Shares will vest on the third anniversary of Grant Date. If adjusted EBITDA of at least $59,279,000 is achieved, the Company will fix the number of Shares that may be issued pursuant to the adjusted EBITDA component of the Award at 68% of the target number of Shares related to adjusted EBITDA; 50% of the fixed Shares will vest on the anniversary of the Grant Date, 25% of the fixed Shares will vest on the second anniversary of the Grant Date, and the final 25% of the fixed Shares will vest on the third anniversary of the Grant Date. If adjusted EBITDA of at lea...
NOTICE OF PERFORMANCE STOCK UNIT GRANT. Unless otherwise defined herein, the terms defined in the Silk Road Medical, Inc. 2019 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Performance Stock Unit Agreement, which includes the Notice of Performance Stock Unit Grant (the “Notice of Grant”), the Terms and Conditions of Performance Stock Unit Grant attached hereto as Exhibit A, and all other exhibits and appendices attached hereto (all together, the “Award Agreement”).
NOTICE OF PERFORMANCE STOCK UNIT GRANT. Participant Name: Address: You have been granted the right to receive an Award of Performance Stock Units, the vesting of which is based on the attainment of performance goals (“PSUs”), subject to the terms and conditions of the Plan and this Award Agreement, as follows: Grant Number Date of Grant Performance Period Start Date Target Number of PSUs:
