Sign-On Equity Award. On or as soon as reasonably practicable following the Effective Date (but in no event later than thirty (30) days following the Effective Date), in consideration for Executive’s continued service to the Company and compliance with the covenants set forth in Section 5, the Company shall grant to Executive a restricted stock unit award (the “Sign-On Equity Award”) in respect of 95,000 shares of common stock of the Company. The Sign-On Equity Award shall be composed of (A) 50% time-based restricted stock units, which shall vest in five (5) equal installments on each of the first five (5) anniversaries of the Effective Date, subject to Executive’s continued employment with the Company through the applicable anniversary, and, except as provided in Section 4(a)(ii) or 4(b), shall be forfeited upon a termination of employment prior to such time, and (B) 50% performance-based restricted stock units, which shall vest in full on the fifth (5th) anniversary of the Effective Date based on the achievement of the applicable performance criteria developed by the Committee prior to the Effective Date, subject to Executive’s continued employment with the Company through the fifth (5th) anniversary of the Effective Date, and, except as provided in Section 4(a)(ii) or 4(b), shall be forfeited upon a termination of employment prior to such time. Except as set forth above, the Sign-On Equity Award shall otherwise have terms and conditions consistent with the Company’s standard form of restricted stock unit award agreement.
Sign-On Equity Award. Subject to the approval of the Board, Executive will be granted an option to purchase 320,000 shares of common stock of the Company with an exercise price per share equal to the closing price per share of the Company’s common stock on the date of grant or the last trading day preceding the date of grant if the date of grant is not a trading day (the “Option”). Subject to Executive’s continued employment by the Company, the Option shall vest over a four-year period, with 25% of the underlying shares vesting on the first anniversary of the Start Date and 6.25% of the underlying shares vesting upon the Executive’s completion of each three full months of employment thereafter. The Option will be subject to the terms of the Company’s incentive award plan under which it is granted and the award agreement evidencing the award.
Sign-On Equity Award. On the Effective Date and, subject to CEO approval, Executive will receive an equity grant pursuant to and governed by the Company’s Amended and restated Equity Incentive Plan (the “Plan”). The equity grant shall have an aggregate target value equal to $250,000 (the “Sign-On Equity Award”). The number of Restricted Shares and Stock Options included in the Sign-On Equity Award shall be determined according to the Company’s customary practice for valuing equity grants and the Restricted Shares and Stock Options included in the Sign-On Equity Award shall each vest ratably over a period of four years from the date of the grant, so long as Executive remains employed by the Company. With regard to Stock Options referenced herein, the Stock Options shall be treated as incentive stock options (ISOs) to the maximum extent permitted under applicable law, and the remainder of the Stock Options, if any, shall be treated as non-qualified stock options.
Sign-On Equity Award. Subject to Executive’s commencing employment with the Company on the Start Date, the Company shall grant to Executive on the Start Date a one-time sign-on equity award, consisting of one million five hundred thousand (1,500,000) restricted stock units (the “RSU Award”), which shall vest in equal installments on each of the first four anniversaries of the date of grant, subject to Executive’s continued employment with the Company as of such anniversary date, except as otherwise provided in Section 6(g) below. The RSU Award shall be an inducement award and be subject to the award agreement substantially in the forms attached hereto as Exhibit A.
Sign-On Equity Award. Executive shall be eligible to be granted a one-time long term incentive or equity award no later than March 31, 2022 with a target value equal to $150,000, which will vest ratably on each of the first three anniversaries the date of grant, with such other terms under such plans and programs as in effect for other senior-level executives at the time of grant.
Sign-On Equity Award. In addition to your 2017 Year-End Equity Awards, in connection with the commencement of your employment, the Company will grant you an equity award, with an aggregate grant date fair value equal to $1,000,000 (the “Sign-On Equity Award”). The Sign-On Equity Award will be granted in the form of deferred stock units and will be governed in all respects by the terms and conditions of the Employment Agreement, the applicable Company equity plan and the related award agreement (the “New Hire Equity Award Agreement”). Notwithstanding the foregoing, the immediately following clauses (i), (ii) and (iii) apply to the Sign-On Equity Award:
Sign-On Equity Award. On or as soon as practicable after the Effective Date, you will receive an initial Equity Choice Award with a grant date value equal to $500,000 (“Sign On Award”). You may elect to receive your Sign On Award as you may allocate, in accordance with the Equity Choice Program, from among settled stock appreciation rights (“SARs”), purchased restricted stock and restricted stock units. The Sign On Award xxxx xxxxx vest on the first anniversary of the Effective Date, provided that you are employed on such anniversary for the Sign On Award to so vest.
Sign-On Equity Award. On the Effective Date, the Executive shall be awarded an initial grant of ten (10) year-term options with respect to 400,000 shares of the common stock of the Company under the Stock Plan (the "Option"). The Option shall vest 100,000 shares on each of the first, second, third and fourth anniversaries of the Effective Date, subject to earlier vesting as provided in this Agreement or the Stock Option Agreement. The exercise price for the Option shall be the Fair Market Value (as defined in the Stock Plan) of such shares on the Effective Date. The Option is otherwise subject to the terms and conditions of the Stock Plan and shall be substantially in the form of Stock Option Agreement attached hereto as Exhibit A.
Sign-On Equity Award. On the first regularly scheduled grant date after the Effective Date, Parent will grant Executive an equity award (the “Sign-On Equity Award”) under the Equity Plan. The Sign-On Equity Award will have a targeted grant date fair value equal to approximately $135,000, and will be comprised of time-based restricted stock units that will vest in five equal annual installments beginning on the first anniversary of the Effective Date, subject to Executive’s continuing employment through each such vesting date. The Sign-On Equity Award will be subject to the Equity Plan and will be memorialized in (and subject to the terms of) a written award agreement approved by the Board (or a committee thereof).
Sign-On Equity Award. On the seventh day following the Effective Date (or, if not a trading day, on the first trading day immediately thereafter), Executive will receive a grant (the “Sign-On Equity Award”) of time-vested restricted stock units (“RSUs”) having a target value of $250,000. The number of granted RSUs shall be determined by dividing $250,000 by the average closing price of one share of common stock of the Company over the thirty (30)-calendar day period prior to, and including, the date of the grant. The Sign-On Equity Award shall be granted under and subject to all the terms and conditions of the Company’s 2017 Performance Incentive Plan. The RSUs will vest ratably over the first three anniversaries of the grant date, subject to continued employment through all such vesting dates.
