Common use of Sign-On Restricted Stock Grant Clause in Contracts

Sign-On Restricted Stock Grant. As soon as practicable following the Commencement Date, Executive shall receive a one-time grant (the “Sign-On Restricted Stock Grant”) of restricted shares of Common Stock with a value on the Commencement Date equal to $5,000,000. The Sign-On Restricted Stock Grant shall vest in four equal annual (25%) installments over the first four anniversaries of the date of grant, provided the Executive remains employed by the Company through such dates.

Appears in 1 contract

Samples: Executive Employment Agreement (SeaWorld Entertainment, Inc.)

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Sign-On Restricted Stock Grant. As soon as practicable Within ninety (90) days following the Initial Commencement Date, Executive shall receive a one-time grant (the “Sign-On Restricted Stock Unit Grant”) of restricted shares of stock units with respect to Common Stock with a value on the Commencement Date grant date equal to $5,000,0006,750,000. The Sign-On Restricted Stock Unit Grant shall vest in four equal annual (25%) installments over installments, 40% on December 15, 2016, and 20% annually in the first four three following anniversaries of the date of grant, provided the Executive remains employed by the Company through such dates.

Appears in 1 contract

Samples: Executive Employment Agreement (Park Hotels & Resorts Inc.)

Sign-On Restricted Stock Grant. As soon as practicable following the Commencement Date, Executive shall receive a one-time grant (the “Sign-On Restricted Stock Grant”) of restricted shares of Common Stock with a value on the Commencement Date equal to $5,000,0002,250,000. The Sign-On Restricted Stock Grant shall vest in four equal annual (25%) installments over the first four anniversaries of the date of grant, provided grant so long as the Executive remains employed by the Company through such dates.

Appears in 1 contract

Samples: Executive Employment Agreement (SeaWorld Entertainment, Inc.)

Sign-On Restricted Stock Grant. As soon as practicable following the Commencement Date, Executive shall receive a one-time grant (the “Sign-On Restricted Stock Grant”) of restricted shares of Common Stock with a value on the Commencement Date equal to $5,000,0002,000,000. The Sign-On Restricted Stock Grant shall vest in four equal annual (25%) installments over the first four anniversaries of the date of grant, provided the Executive remains employed by the Company through such dates.

Appears in 1 contract

Samples: Executive Employment Agreement (SeaWorld Entertainment, Inc.)

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Sign-On Restricted Stock Grant. As soon as practicable following the Commencement Date, Executive shall receive a one-time grant (the “Sign-On Restricted Stock Grant”) of restricted shares of Common Stock with a value on the Commencement Date equal to $5,000,0001,800,000. The Sign-On Restricted Stock Grant shall vest in four equal annual (25%) installments over the first four anniversaries of the date of grant, provided grant so long as the Executive remains employed by the Company through such dates.

Appears in 1 contract

Samples: Executive Employment Agreement (SeaWorld Entertainment, Inc.)

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