RSU Grants. During the Employment Term, Executive shall be entitled to receive the following grants of restricted stock units (“RSUs”) with respect to shares of the Company’s common stock (“Shares”):
RSU Grants. Executive is eligible to receive additional performance grants of one million eight hundred eighty thousand dollars ($1,880,000.00) annually in RSUs, at the discretion of the Compensation Committee of Root, Inc. (the “Compensation Committee”), and subject to Executive meeting performance expectations for Executive’s role. Any such grants shall be governed by the Root, Inc. 2020 Equity Incentive Plan (the “Plan”), as may be duly amended from time-to-time by the Root, Inc. Board of Directors.
RSU Grants. The Executive shall be entitled to receive RSUs in an amount equal to 4% of the outstanding Common Units (as that term is defined in the Company’s Limited Liability Company Agreement) of the Company as of the Effective Date. The RSUs will be granted as of the Effective Date (or as soon as practicable thereafter) and one-third (1/3) of such RSUs will vest on January 1, 2013. Another one-third (1/3) of the RSUs will vest on the date that is one year following the Effective Date, and the final one-third (1/3) of the RSUs will vest on the date that is two years following the Effective Date. Upon termination of the Executive’s employment with the Company, the Exceutive will retain all unvested RSUs, unless the Executive’s employment is terminated for Cause (as defined below), in which case all unvested RSUs will be forfeited.
RSU Grants. The Executive shall be entitled to receive 32.175 restricted stock units (“RSUs”) in respect of the Common Units (as that term is defined in Holdings’ Limited Liability Company Agreement) of Holdings. The RSUs will be granted as of the Effective Date (or as soon as practicable thereafter) and one-half of such grant will vest on each of the next two anniversaries of the Effective Date. Upon termination of the Executive’s employment with the Company, the Executive will retain all unvested RSUs, unless the Executive’s employment is terminated for Cause (as defined below), in which case all unvested RSUs will be forfeited. All other terms of the RSU grants will be subject to the terms of the Company’s 2012 Amended and Restated Stock Incentive Plan.
RSU Grants. At or before the Closing, Parent shall grant restricted stock units (“RSUs”) [***] to certain employees and consultants of the Company, such employees and consultants to be determined by Parent prior to the Closing in consultation with the Company (the “RSU Employees”). The terms of the RSUs shall provide for, among other things, the following vesting schedule:
RSU Grants. In connection with your actual commencement of employment with the Company, you will be granted the following awards of restricted stock units relating to Parent's common stock in accordance with the Francesca's Holdings Corporation 2015 Equity Incentive Plan (the “Plan”):
RSU Grants. The Company will recommend to the Compensation Committee that it grant the Executive $37,500 worth of RSUs within the first 5 days of the completion of each quarterly period subsequent to the Effective Date. Each award will be immediately vested and will be subject to the terms and conditions of the 2016 Equity Incentive Plan and an award agreement (collectively, the “Equity Documents”). Notwithstanding the foregoing, Executive shall not be entitled to any form of equity award unless and until the Compensation Committee or the Board grants Executive the equity award and Executive executes and delivers all applicable award agreements regarding the same.
RSU Grants. Promptly following Executive’s commencement of employment, which will be January 6, 2016 (the “Start Date”), and as a material inducement to Executive’s employment by the Company, the Compensation Committee of the Board will grant Executive (i) an award of 200,000 restricted stock units (the “First RSU Award”) and (ii) an award of 560,000 restricted stock units (the “Second RSU Award”). The First RSU Award will be subject to vesting as follows: 100% of the shares under the First RSU Award will vest and be issuable on the second anniversary of the Start Date, subject to Executive’s continued service with the Company. The Second RSU Award will be subject to vesting as follows: 14/48ths of the shares under the Second RSU Award will vest and be issuable on February 20, 2017, 1/16th of the shares under the Second RSU Award will vest and be issuable on each of the next 11 of the Company’s standard quarterly vesting dates (May 20, August 20, November 20 and February 20) thereafter, and 1/48th of the shares under the Second RSU Award will vest and be issuable on February 20, 2020, subject to Executive’s continued service with the Company. Each of the RSU Awards will be governed in all respects by the Company’s 2015 Inducement Plan and the RSU award agreements attached as Exhibit A.
RSU Grants. Subject to Section 5(b) below, during the Interim Term, subject to approval by the Compensation Committee of the Board, for each month of service in either or both Interim Roles, the Company shall grant to the Executive ten thousand (10,000) fully-vested restricted stock units (“RSUs”) pursuant to the Company’s 2010 Incentive Award Plan (as may be amended, the “Plan”). The terms and conditions of each RSU grant shall be set forth in a separate award agreement in a form prescribed by the Company (each, an “RSU Agreement”), to be entered into by the Company and the Executive, which shall evidence the grant of RSUs. The RSUs shall be granted monthly in arrears, pro-rated for any partial month of service in either or both Interim Roles and governed in all respects by the terms and conditions of the Plan. For the avoidance of doubt, no additional RSUs shall be granted due to service in both Interim Roles and the RSU grants shall not be reduced due to service in only one Interim Role during any portion of the Interim Term.
RSU Grants. The Company shall grant prior to the Effective Time, to each Continuing Employee set forth on Schedule 5.14 (each an “RSU Grantee”), a number of Company RSUs with respect to each RSU Grantee equal to the number set forth opposite each RSU Grantee’s name on Schedule 5.14 (each, an “RSU Grant”). Each RSU Grant shall vest commencing on the vesting commencement date, and in accordance with the vesting schedule, as set forth on Schedule 5.14. Prior to the Effective Time, the Company shall take all actions that Parent may reasonably require to effect the grant of the Company RSUs described in this section, including, but not limited to obtaining all required consents, making any amendments to the Company Stock Plan, and adopting any new forms of award agreement.
