Sign-On Equity Awards. Contemporaneously with your commencement of employment with the Company, you will be granted the following Company equity awards:
Sign-On Equity Awards. In consideration of your accepting employment with the Company, the Company shall grant to you on the Start Date (i) options to acquire 1,800,000 shares of Company common stock (the “Sign-on Options”) and (ii) 500,000 restricted stock units in respect of Company common stock (the “Sign-on RSUs”), which, in each case, shall be granted under, and subject to the terms and conditions of, the Company Stock Plan, except as described below. The Sign-on Options shall have a strike price per Company common share equal to the Start Date Price and shall expire on the date that is the tenth anniversary of the Start Date, unless earlier exercised or forfeited. The Sign-on Options shall become vested and exercisable, subject to your continued employment with the Company, at the following times: (i) one-third of the Sign-on Options (“Tranche 1”) shall vest and become exercisable in two equal annual installments on the first two anniversaries of the Start Date, (ii) one-third of the Sign-on Options (“Tranche 2”) shall vest and become exercisable if the average of the Company’s closing common stock prices over any period of 15 consecutive trading days is at least equal to the sum of the Start Date Price plus $20 (the “First Price Target”) and (iii) one-third of the Sign-on Options (“Tranche 3”) shall vest and become exercisable if the average of the Company’s closing common stock prices over any period of 15 consecutive trading days is at least equal to the sum of the Start Date Price plus $40 (the “Second Price Target”). Notwithstanding the foregoing, the Sign-on Options shall not be exercisable, whether or not vested, prior to the second anniversary of the Start Date, except that such restriction shall not apply in the event your employment is terminated by the Company without Cause or your employment terminates because of your death or disability. The Sign-on RSUs shall vest, subject to your continued employment with the Company, in five equal annual installments on the first five anniversaries of the Start Date. The Sign-on RSUs shall include the right to receive currently (without deferral or vesting limitations) in cash the amount of any dividends paid on the underlying Company common shares. In addition, in the event of a Change in Control (as defined in the Company Stock Plan), (i) (A) 100% of the Tranche 1 Sign-on Options shall automatically vest and become exercisable, (B) 100% of the Tranche 2 Sign-on Options shall vest and become exercisable if the price per sh...
Sign-On Equity Awards. (i) Not later than three (3) business days after the Effective Date, Executive shall be awarded a grant of ten (10) year options with respect to 750,000 shares of common stock of the Company (the “Option”) under the Stock Plan. The Option shall vest in five equal installments on the first, second, third, fourth and fifth anniversaries of the Effective Date provided that Executive is employed by the Company on the date such installment is scheduled to so vest, subject to earlier vesting under certain circumstances, as provided substantially in the form of Stock Option Agreement attached hereto as Exhibit A-1. The exercise price of the Option shall be the Fair Market Value (as defined in the Stock Plan) of such shares on the date of grant. The Option shall otherwise be subject to the terms and conditions of the Stock Plan and such Stock Option Agreement.
Sign-On Equity Awards. A recommendation will be made to the Stock Plan Subcommittee of the Compensation Committee, to grant to the Executive as discussed in Section 3(c) above, two awards of restricted stock units, with the number of units to be determined in accordance with procedures generally utilized by the Company for its financial reporting at the time of grant.
Sign-On Equity Awards. As an incentive to join the Company, Executive shall receive an award of 210,000 restricted stock units from the Company (the “Sign-On Equity Award”) under the SGC 2003 Incentive Compensation Plan, as amended and restated (or any successor plan) (the “Plan”), pursuant to an award agreement to be provided by the Company and entered into by and between Company and Executive (the “Award Agreement”). The Sign-on Equity Award shall consist of 60,000 time-vesting restricted stock units (“RSUs”) and 150,000 performance conditioned RSUs. The grant of the Sign-On Equity Award will be made within ten (10) days after the Employment Start Date provided the Company is not in a blackout period on the Employment Start Date. If the Company is in a blackout period on the Employment Start Date, the grant of the Sign-On Equity Award will be made within three (3) trading days after the Company's next trading window opens. The time vesting RSUs shall vest as follows: 26,667 RSUs on June 1, 2021, 16,667 RSUs on June 1, 2022 and 16,666 RSUs on June 1, 2023, provided Executive remains employed on such dates. [Dates will be anniversaries of the Employment Start Date.] The 150,000 performance conditioned RSUs are eligible to xxxxx xxxx on the third anniversary of the grant date (the “Cliff Vesting Date”) based upon achievement of the following Attributable EBITDA (“AEBITDA”) targets for the twelve months ending March 31, 2023:
Sign-On Equity Awards. As further compensation for Executive's services under this Agreement, as of the Effective Date, the Company shall grant to Executive 1,000,000 Stock Options, pursuant to the Stock Plan and subject to such additional terms and conditions as specified in subparagraphs (iii)(A) and (B), respectively, of this Section 4(d). The Stock Options shall have a ten year term and shall have a per share exercise price equal to the fair market value (as defined in the Stock Plan) of the Company Stock on the Effective Date.
Sign-On Equity Awards. As of the commencement date of your employment, you will be granted under the Company's 1991 Equity and Performance Incentive Plan, as amended and restated as of January 30, 1997 (the "Equity Incentive Plan") the following awards which shall be subject to the terms and conditions of the Equity Incentive Plan and the applicable standard grant agreements in use thereunder:
Sign-On Equity Awards. As of the effective date of this Agreement, and conditioned on the Shareholder’s Approval of an increase in share availability for executive compensation, on the Effective Date of this Agreement, the Company shall grant to Executive 35,000 stock options under the Scientific Games Corporation 2003 Incentive Compensation Plan (the “Award Plan”), as amended and restated and individual stock option and restricted stock agreements to be entered into by and between the Company and the Executive (the “Equity Award Agreements”). The equity agreements shall provide that the equity awards shall vest with respect to twenty percent (20%) of the shares of common stock subject to such award on each of the first five anniversaries of the grant date, subject to certain provisions relating to forfeiture as described in this Agreement, the Equity Award Agreements or the Equity Plan.
Sign-On Equity Awards. Effective as of, or as soon as practicable following, the Commencement Date (and, in any event, no later than five (5) days following the
Sign-On Equity Awards. Executive shall receive the following stock options and restricted stock upon the Commencement Date: Type Number of shares or options Restricted Stock 6,375 Stock Options 15,400
