Common use of Retention Award Clause in Contracts

Retention Award. In connection with the Merger, the Executive shall be eligible to receive a one-time equity award with a target grant value of $1,000,000, the actual value of which may be higher or lower based on Committee discretion, 60% of which shall be in the form of PSUs vesting over three years and 40% in the form of RSUs vesting ratably over four years, consistent with the terms and conditions of the Plan and any applicable award agreements.

Retention Award. In connection with the Merger, the Executive shall be eligible to receive a one-time equity award with a target grant value of $1,000,0001,250,000, the actual value of which may be higher or lower based on Committee discretion, 60% of which shall be in the form of PSUs vesting over three years and 40% in the form of RSUs vesting ratably over four years, in each case, consistent with the terms and conditions of the Plan and any applicable award agreements.

Retention Award. In connection with the Merger, the Executive shall be eligible to receive a one-time equity award with a target grant value of $1,000,000212,500, the actual value of which may be higher or lower based on Committee discretion, 60% of which shall be in the form of PSUs vesting over three years and 40% in the form of RSUs vesting ratably over four years, consistent with the terms and conditions of the Plan and any applicable award agreements.

Retention Award. In connection with the Merger, the Executive shall be eligible entitled to receive a one-time equity award with a target grant value of $1,000,000, the actual value of which may be higher or lower based on Committee discretion212,500, 60% of which shall be in the form of PSUs vesting over three years and 40% in the form of RSUs vesting on an annual basis ratably over four years, in each case, consistent with the terms and conditions of the Plan and any applicable award agreementsagreements (the "Retention Grant").