Sign on Compensation. In consideration of the commencement of Executive’s employment hereunder Executive shall receive a time-based restricted share award granted effective on the commencement of employment, with a grant date fair market value equal to $750,000, the number of shares to be determined by dividing such amount by the average closing share price of the Company’s common stock as reported on the NASDAQ for the 30 days immediately prior to the Execution Date, with vesting to occur in three equal installments on each of the first three anniversaries of the grant date (the “Initial Equity”), subject to Executive’s continued employment through each applicable vesting date. The Initial Equity shall (i) be issued under the Company’s current Incentive Compensation Plan (the “Current Plan”) and (ii) be subject to the Company’s standard form of time-based restricted share award agreement. The Initial Equity shall be subject to accelerated vesting in the event of Executive’s death, Disability (defined below), an Involuntary Termination (defined below), or a Change in Control (defined below).
Sign on Compensation. The compensation set forth in this Subsection 3(d) is intended to incentivize the Executive and replace certain compensation payable to the Executive by the company that employed the Executive immediately prior to the Company (the “Prior Employer”), which the Executive shall forfeit as a result of leaving the employ of the Prior Employer (the “Prior Awards”).
Sign on Compensation. Employee shall receive the following within 30 days after his first day of employment under this Agreement:
(a) A cash payment of $200,000.
(b) A grant of shares of Holdings restricted stock, with a value on the date of grant of $900,000 (the number of shares rounded to the nearest full share) which will vest one-quarter on each of the first four anniversaries of the date of this Agreement, provided Employee remains employed on each such vesting date.
Sign on Compensation. (a) The Company shall pay the Executive a cash sign-on bonus in an amount equal to $100,000 (the “Sign-On Bonus”), which Sign-On Bonus shall be payable to the Executive in lump sum within thirty (30) days following the Start Date.
(b) Within ten (10) days following the Start Date, Parent shall grant to the Executive a number of restricted stock units (“RSUs”) pursuant to Parent’s 2017 Omnibus Equity Plan (the “Plan”) and the forms of award agreement substantially in the form attached hereto as Exhibit A. The common stock of Parent (“Common Stock”) underlying the RSUs shall have an aggregate value of $1,250,000 on the date of grant, valued based on the fair market value of the Common Stock as of the date of grant (as determined pursuant to the Plan), but in no case shall more than 355,000 RSUs be issued pursuant to the foregoing.
Sign on Compensation. In consideration of cash and equity compensation forfeited by the Executive in connection with the commencement of his employment with the Company, within fifteen (15) days of the Effective Date:
i. the Executive will be granted 200,000 Restricted Stock Units (“RSUs”) of the Company (the “Sign on Equity Award”), vesting in three equal installments on January 24, 2021, January 24, 2022 and January 24, 2023 and otherwise issued pursuant to and subject to the terms and conditions of the Plan and a separate award agreement attached hereto as Exhibit B, which shall include the approval of the Compensation Committee, and which shall also provide that in the event of Executive’s termination other than for Cause or resignation for Good Reason (x) the next scheduled vesting installment prorated for the number of days elapsed during the applicable vesting period, plus (y) the full next installment of Stock scheduled for vesting, if any, shall together be deemed vested immediately upon such termination (the “Sign on Equity Award Acceleration”); and
ii. the Executive will receive a cash sign-on bonus of $2,500,000, $1,666,667 of which shall be subject to a prorated clawback right of the Company based on the proportion of the Term elapsed as of the date that Executive’s employment is terminated for Cause or Executive resigns without Good Reason.
Sign on Compensation. Executive shall receive the following “sign-on” compensation:
(a) On the first grant date (currently anticipated to be March 2, 2009) following commencement of Executive’s employment with the Company, Executive shall be granted $500,000 in RSUs, which RSUs shall be Long-Term RSUs, shall vest 20% per year for five (5) years and otherwise subject to such terms as may be determined by the Compensation Committee, provided that such terms are substantially similar to those terms applicable to grants made to similarly situated executives of the Company at or around the date of the grant to Executive.
(b) Executive shall receive a $250,000 cash bonus on or before January 30, 2009. This sign-on bonus shall be 100% recoverable by the Company if Executive terminates his employment for any reason before the first anniversary of his employment with the Company, or if Executive is terminated by the Company for any of the reasons set forth in Section 5.2 below before the first anniversary of his employment with the Company. The sign-on bonus shall be 50% recoverable by the Company if Executive terminates his employment for any reason between the first and second anniversary of his employment with the Company, or if Executive is terminated by the Company for any of the reasons set forth in Section 5.2 below between the first and second anniversary of his employment with the Company. Any such repayment shall be paid to the Company by Executive within thirty (30) days of his termination.
Sign on Compensation. (i) Conditioned on the Executive providing evidence verifying the forfeiture of his long-term incentive from his previous employer , the Executive shall receive a sign-on bonus of $500,000 (the “Sign-on Bonus”), less applicable tax withholdings and other authorized deductions, with $150,000 payable as soon as administratively practicable after the Effective Date, $125,000 payable as soon as administratively practicable after the one-year anniversary of the Effective Date, and $225,000 payable as soon as administratively practicable after the two-year anniversary of the Effective Date. Executive agrees to repay the any such payment in full if he is no longer employed by the Company (unless Executive’s employment is terminated by the Company without Cause, or is due to Executive’s death or Disability) through the first anniversary of that payment date.
(ii) The Executive shall receive 312,500 restricted stock units subject to the terms and conditions specified in the form of Evidence of Award attached as Exhibit A.
Sign on Compensation. (i) Sign-On Cash Bonus Award. The Company will pay the Executive a cash sign-on bonus in the amount of $1,650,000 on the following payment schedule: (1) $250,000 not later than 30 days after the Effective Date, provided, however, that if the Executive does not remain employed by the Company through the first anniversary of the Effective Date, the Executive will repay the Company this amount upon his termination of employment unless the Executive’s employment is terminated by the Company without Cause; (2) $700,000 as soon as administratively practicable after December 31, 2008 (but not later than 30 days after such date); provided, however, that if the Executive has a termination of employment before December 31, 2008 for any reason other than for cause, he shall receive a prorated bonus based on a fraction, the numerator of which is the number of days from the Effective Date to his termination of employment and the denominator is the number of days from the Effective Date to December 31, 2008; and (3) $700,000 as soon as administratively practicable after December 31, 2009 (but not later than 30 days after such date); provided, however, that if the Executive has a termination of employment after December 31, 2008 and before December 31, 2009 for any reason other than for cause, he shall receive a prorated bonus based on a fraction, the numerator of which is the number of days from January 1, 2009 to his termination of employment and the denominator is 365. If the Executive is terminated for Cause before the payment of a bonus payment to be made under this Section 4(d)(i), the Executive will not be entitled to such unpaid bonus payment.
Sign on Compensation. Xx. Xxxxxxx will be paid a one-time cash sign-on bonus of USD 350,000 to offset forfeited compensation at his former employer and as an incentive to commence employment. The sign-on compensation will be paid within 60 days of October 1, 2023. The sign-on bonus will be converted from USD to € using the 5-year average conversion rate from USD to EUR published by OANDA for the calendar quarter ending September 30, 2023. If Xx. Xxxxxxx voluntarily terminates his employment with the Company prior October 1, 2025, Xx. Xxxxxxx will be required to repay to the Company the gross amount received in respect of the sign-on bonus. Xx. Xxxxxxx will also be granted RSUs pursuant to the LTI on November 1, 2023 with a grant value of USD 2,565,000 to offset forfeited equity awards at his former employer. 50% of the RSUs will vest on November 1, 2024 and 50% will vest on November 3, 2025, subject to the applicable schedule of terms. The number of shares underlying the RSUs will be determined by OWC in accordance with its established grant practices.
Sign on Compensation. Executive received a time-based restricted share award grant on August 11, 2016, of 25,455 shares of the Company’s common stock, with vesting to occur in three equal installments on each of the first three anniversaries of the grant date (the “Initial Equity”), subject to Executive’s continued employment through each applicable vesting date. The Initial Equity was issued under the National CineMedia, Inc. 2016 Equity Incentive Plan (as amended from time to time, the “EIP”) on the Company’s standard form of time-based restricted share award agreement under the EIP. The Initial Equity shall be subject to accelerated vesting in the event of Executive’s death, Disability (defined below), an Involuntary Termination (defined below), or a Change in Control (defined below).
