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. Effective as of the Commencement Date, Executive shall be granted:
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 Seven Hundred Fifty Thousand Dollars ($750,000.00), comprised of a combination of Restricted Stock Units and will vest on the day after each of the first, second and third anniversary of the Start Date. 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. Subject to the Executive commencing his duties in accordance with this Agreement on September 3, 2019, or such other date as may be mutually agreed to between the parties, in consideration for Executive’s agreement to enter into this Agreement and in recognition of the need to retain the Executive in the future, the Company has agreed, subject to approval and award by the Compensation Committee of Group, to make a one-time retention grant of restricted shares with a target value equal to ten million dollars ($10,000,000) (the “Retention Grant”) to the Executive. 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 Group Compensation Committee on or before December 31, 2019, at which the Compensation Committee approves and awards the Retention Grant (the “Grant Date”). Subject to the Executive’s continued employment through the applicable vesting date, the restricted shares of the Retention Grant granted to Executive shall be subject to vesting 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”), 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 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 in the previous sentence 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. 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) $250,000, divided by (y) the closing price of the Company’s common stock as reported on the NYSE on the last trading day of June, 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 June 30, 2020, with any such vesting subject to your employment by the Company as of such vesting date.
Sign-On Equity Grant. As of the thirtieth (30th) day following the Effective Date, Executive received a one-time grant of 42,500 restricted stock units under the Company’s Long-Term Incentive Plan (the “Section 2.1(d) Grant”). Executive may earn this award by continuing employment with the Company for three years, with vesting in three substantially equivalent installments (of 14,166, 14,166 and 14,168, respectively) as of the first three anniversaries of the date of grant.
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. Upon Commencement of this Agreement, Employee shall be entitled to receive a one-time equity grant in the amount of $260,000 (in accordance with the Company’s 2020 Long Term Incentive Plan) consisting of 50% restricted stock units and 50% stock options which shall be granted on your start date. The number of stock options to be granted will be calculated using the Black-Scholes option pricing model based on the closing price of the Company’s common stock as quoted on the NYSE at the close of business on the last business day prior to the date of grant. In addition, the stock options will (a) be exercisable at an exercise price per share equal to the fair market value of a share of the Company’s common stock as quoted on the NYSE at close of business on the last business day prior to the date of grant, (b) vest over a period of four years with 25% of the options vesting on the first, second, third, and fourth anniversary date of the grant date, and (c) contain such other terms and conditions as may be set forth in the stock option agreement with you. The number of restricted stock units will be determined based on an amount equal to $130,000 divided by the closing price of the Company’s common stock as quoted on the NYSE on the last business day prior to the grant date (rounded up to the nearest whole share). The restricted stock units will vest over a period of 4 years with 25% of the restricted stock units vesting on the first, second, third, and fourth anniversary of the grant date. The restricted stock unit agreement and the stock option agreement with you for this sign-on Equity Grant shall provide that if your employment with the Company (or its successor) shall be terminated by the Company (or its successor) without “Cause” (as defined below) or by Employee for “Good Reason” (as defined below) within six (6) months following a “Change in Control”, all of Employee’s outstanding restricted stock units and unvested stock options shall immediately vest and all of Employee’s outstanding options shall remain exercisable in accordance with their terms, but in no event for less than 90 days after such termination.
Sign-On Equity Grant. If you commence employment with the Company on the Effective Date, you will receive sign-on restricted stock units with a grant date value of $200,000, with 25% of the restricted stock units vesting on the first anniversary of the grant date, 25% vesting on the second anniversary of the grant date, 25% vesting on the third anniversary of the grant date, and the remaining 25% of the restricted stock units vesting on the fourth anniversary of the grant date. The restricted stock units will be subject to the terms and conditions specified by the Compensation Committee of the Board, the Company's stock plan, the award agreement that you must execute as a condition of the grant and the Company's xxxxxxx xxxxxxx policy.
