Common use of Sign-On Equity Award Clause in Contracts

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 ______ 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 Sections 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 Sections 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. 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 Sections 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 Sections 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. 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 ______ 20,000 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 Sections 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 Sections 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.