Sign-On Equity Grant. Subject to approval by the Committee once the Company can grant equity awards under its 2018 Equity and Incentive Compensation Plan (the “2018 Plan”), Executive shall be granted an award of restricted stock units with a grant date target value of $1,500,000 (the “Sign-On RSUs”) under the 2018 Plan as soon as practicable after the 2018 Plan is approved by the Company’s stockholders. The number of restricted stock units shall be based on the average closing trading price of the Company’s common stock (the “Signing Date Price”) for the 10 trading days preceding (but not including) the date this Agreement is signed by the Company (the “Signing Date”), which shall occur not later than 5 business days after Executive executes this Agreement. The Sign-On RSUs shall be subject to the terms and conditions of the 2018 Plan and the equity award agreement evidencing the Sign-On RSUs and shall vest on the third anniversary of the Effective Date provided that Executive remains continuously employed by the Company through such date, subject to being earned based on the attainment of the following Company stock price hurdles:
(i) if Company stock price is maintained at 135% of the Signing Date Price for at least 65 consecutive trading days at any point during the five year period following the date of the award (the “Trading Measurement Period”), 1/3 of the Sign-On RSUs will be earned (rounded down to the nearest whole share);
(ii) if Company stock price is maintained at 165% of the Signing Date Price for at least 65 consecutive trading days during the Trading Measurement Period, an additional 1/3 of the Sign-On RSUs will be earned (rounded down to the nearest whole share); and
(iii) if Company stock price is maintained at 200% of the Signing Date Price for at least 65 consecutive trading days during the Trading Measurement Period, the remaining 1/3 of the Sign-On RSUs will be earned. If the highest stock price maintained for at least 65 consecutive trading days during the Trading Measurement Period is between the hurdles set forth above, then the portion of the Sign-On RSUs earned will be determined based on straight-line mathematical interpolation. If the highest hurdle above has not been met at the time of the third anniversary of the Signing Date, the earned portion of the Sign-On RSUs will be paid to Executive promptly following such third anniversary, and any unearned portion of the Sign-On RSUs may be earned based on stock price performance between such date and th...
Sign-On Equity Grant. Subject to the approval of the Board and pursuant to the Company’s 2011 Amended and Restated Incentive Plan (the “Plan”), Executive will be eligible to receive an option to purchase 87,500 shares (“Options”) of the Company’s common stock at the fair market value as determined by the Board as of the date of grant (the “Option Grant”). The Option Grant shall vest in equal one-third annual increments, with the first vesting on the first anniversary of the grant date provided Executive remains employed in good standing on any such vesting date, and in all cases subject to the terms of the Plan and the Company’s Option grant documents, the execution of which by Executive is required for any such grant.
Sign-On Equity Grant. Executive acknowledges he received a one-time equity award grant of time-vesting restricted stock units with a grant date fair market value equal to $1,500,000. Such restricted stock units shall vest in three equal installments on March 15, 2022, 2023, and 2024, and shall be subject to the same general terms and conditions as are applicable to equity awards granted to other senior executives of the Company.
Sign-On Equity Grant. Executive shall receive a one-time award in the amount of One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00), comprised of Restricted Stock Units, vesting in equal amounts on an annual basis over three years from the date of award. Following the Start Date, Executive will be provided with a Hill-Rom Holdings, Inc. award agreement providing the terms and additional details regarding Executive’s one time award.
Sign-On Equity Grant. In consideration of Executive’s agreement to enter into this Agreement and in recognition of the need to retain the Executive in the future and subject to the Executive commencing his duties in accordance with this Agreement on the Term Commencement Date, or such other date as may be mutually agreed to between the Parties, the Company has agreed, subject to approval and award by the Compensation Committee, to make a one-time grant of restricted shares with a target value equal to five million U.S. dollars ($5,000,000) (the “Retention Grant”). The number of shares subject to the Retention Grant will be determined by dividing the applicable target value by the closing price of a common share of Group on the New York Stock Exchange on the date of the next meeting of the Compensation Committee after the effective date of this Agreement at which the Compensation Committee approves and awards the Retention Grant (the “Grant Date”). The Retention Grant will be subject to the terms and conditions of the 2020 Stock Incentive Plan. Subject to the Executive’s continued employment throughout the applicable vesting period, the restricted shares of the Retention Grant shall vest over a five (5)-year period with one-fifth of the total amount vesting on each of the first five anniversaries of the Grant Date. If the Executive is terminated without Cause (as defined below), or due to Disability (as defined below), or due to death, or if the Executive resigns for Good Reason (as defined below) (each such termination referred to as a “Vesting Termination”), then subject to (except in the case of Executive’s death) the Executive signing and not revoking a release of claims as required pursuant to Section 6(h) below, the Executive will become fully vested in the Retention Grant to the extent not previously vested. The release must be executed, and any revocation period must have expired, within sixty (60) days after such termination date. Notwithstanding the foregoing, in the event the Executive incurs a termination with Cause or if the Executive resigns without Good Reason, or in the event the release does not become effective within sixty (60) days after termination date as required following a Vesting Termination, the Executive shall immediately forfeit any portion of the Retention Grant not previously vested as of the date of termination.
Sign-On Equity Grant. Employee will receive a grant of options with a total value of $4,725,000, to purchase that number of shares equal to $4,725,000 divided by the Black Xxxxxx value of an option to purchase a share of stock of Employer as determined by Employer on the first business day of the month following the month of commencement of his employment under this Agreement (the “Grant Date”) at an exercise price equal to the closing price of a share of the Common Stock of Employer on NASDAQ on the Grant Date. Such options shall be granted pursuant to the form of Stock Option Agreement attached hereto as Exhibit A and the terms of the Employer’s 2008 Management Incentive Plan on the Grant Date and shall vest in annual installments as set forth in the vesting schedule at the end of this Section 4(c). Employee will receive a grant of a number of restricted stock units equal to $1,575,000 divided by the closing price of a share of stock of the Employer on the date of grant, to be granted on the first business day of the month following the month of commencement of his employment under this Agreement. Such restricted stock units shall be granted pursuant to the form of Restricted Stock Unit Agreement attached hereto as Exhibit B and the terms of the Employer’s 2008 Management Incentive Plan and shall vest in annual installments as set forth in the vesting schedule at the end of this Section 4(c).
Sign-On Equity Grant. The Executive shall receive a one-time award of Restricted Stock Units on or within thirty (30) days of the Effective Date with a value on such date of $350,000 (the “Grant Date”) consistent with Adtalem’s past practice (the “Sign-On RSUs”). Except as otherwise provided in this Agreement, subject to the Executive’s continued employment with Adtalem, the Sign-On RSU’s will vest in two equal installments: one-half on the one year anniversary of the Grant Date and the remainder on the second anniversary of the Grant Date.
Sign-On Equity Grant. You will receive a one-time unvested restricted stock award at the time of the 2020 RSA Award equivalent to the number of shares resulting from (x) $225,000, divided by (y) the closing price of the Company’s common stock as reported on the NYSE on the last trading day of January, 2020 (the “Sign-On Equity Grant”). The Sign-On Equity Grant shall time-vest twenty five percent (25%) on each of the first, second, third and fourth anniversaries of the Sign-On Equity Grant date of January 31, 2020, with any such vesting subject to your employment by the Company as of such vesting date.
Sign-On Equity Grant. Subject to the approval of the Board and pursuant to the Company’s 2011 Amended and Restated Incentive Plan, as amended or replaced (the “Plan”), Executive will receive 100,000 shares (“Options”) of the Company’s common at stock at a strike price of $2.00 per share (the “Option Grant”). The Option Grant shall vest in equal one-third annual increments, with the first vesting on the first anniversary of the grant date provided Executive remains employed in good standing on any such vesting date, and in all cases subject to the terms of the Plan.
Sign-On Equity Grant. Effective as of the Commencement Date, Executive shall be granted:
(a) Restricted stock units with respect to shares of the Employer having a fair market value as of the date of grant equal to three million three hundred thirty three thousand three hundred thirty three U.S. Dollars ($3,333,333) (the “Sign-On RSUs”). Fifty percent (50%) of the Sign-On RSUs shall vest on the first anniversary of the date of grant, and twenty five percent (25%) of the Sign-On RSUs shall vest on each of the second and third anniversaries of the date of grant, provided, however, that, except as provided under Section 9.1 of the Employment Agreement, any Sign-On RSUs not vested shall be forfeited upon termination of Executive’s employment.
(b) Share options with respect to shares of the Employer having a fair market value as of the date of grant equal to one million six hundred sixty six thousand six hundred sixty seven U.S. Dollars ($1,666,667) and an exercise price per share equal to the fair market value of a share of the Employer on the date of grant (the “Sign-On Share Options”). The Sign-On Share Options shall vest in three equal installments on each of the first, second, and third anniversaries of the date of grant, provided, however, that, except as provided under Section 9.1 of the Employment Agreement, any Sign-On Share Options not vested shall be forfeited upon termination of Executive’s employment.
