Sign-on RSU Award. On the Effective Date the Compensation Committee granted to the Executive 129,032 restricted stock units (the “Sign-On RSU Award”). The Sign-On RSU Award will be subject to the terms and Elfman Employment Agreement conditions of the restricted stock award agreement evidencing such grant attached here to as Exhibit B and shall vest on the second anniversary of the Date of Grant. Except as otherwise provided in the Executive’s award agreement evidencing the Sign-On RSU Award, the Sign-On RSU Award will be governed by provisions of the LTSIP.
Sign-on RSU Award. Executive shall be granted a restricted share unit award (the “Sign-on RSU Award”), the number of Shares subject to which shall be determined assuming the Sign-on RSU Award grant were made on the last day prior to the public announcement of Executive’s hire (using the per Share closing price on that date) and had a grant date fair value of $5,000,000 (Five Million United States Dollars). The Sign-on RSU Award shall vest and settle in equal installments on the third (3rd), fourth (4th) and fifth (5th) anniversaries of the Effective Date, subject, except as provided in Section 9, to Executive’s continued employment with the Company through the applicable vesting date. The Sign-on RSU Award shall include other terms and conditions described in this Agreement and other terms and conditions consistent with restricted share unit (“RSU”) awards granted by the Company generally.
Sign-on RSU Award. Executive will be granted a one-time sign-on award of 120,500 time-based restricted stock units (“RSUs”) under the Bausch + Lomb Corporation 2022 Omnibus Incentive Plan (as may be amended from time to time, the “Equity Plan”) (such award, the “Sign-on RSU Award”). The Sign-on RSU Award will be granted to Executive on the Commencement Date, and will be subject to the terms and conditions of the Equity Plan and applicable award agreements to be provided to Executive.
Sign-on RSU Award. (i) On the Start Date, as an inducement material to Executive entering into this Agreement and commencing employment with the Company, the Company shall grant to Executive, and Executive shall receive, a one-time, sign-on award of time-vesting restricted stock units (“RSUs”) pursuant to, as determined by the Compensation Committee in its sole discretion, (x) the inducement grant exception to shareholder approval of equity plans set forth in Nasdaq Listing Rule 5635(c)(4), (y) the Company’s 2012 Incentive Compensation Plan, as amended from time to time or any successor plan (the “2012 Plan”), or (z) the Company’s 2018 Incentive Compensation Plan, as amended from time to time or any successor plan (the “2018 Plan”) (the “Sign-on RSU Award”). The Sign-on RSU Award will have an aggregate value at grant equal to $775,000.00 and will vest in substantially equal installments on each of the first, second, and third anniversaries of the Start Date, subject to Executive’s continued employment with the Company from the Start Date through the applicable vesting date (except as otherwise expressly provided in Sections 5(c)(ii) and 5(c)(iii) below), and subject to the terms and conditions of the applicable equity award agreement and the 2012 Plan or 2018 Plan, as applicable.
Sign-on RSU Award. On the Effective Date the Compensation Committee granted to the Executive restricted stock units (the “Sign-On RSU Award”). The Sign-On RSU Award is subject to the terms and conditions of the restricted stock unit agreement evidencing such grant attached as Exhibit A. The Sign-On RSU Award was granted at an aggregate value of $10 million based on the Market Value Per Share on the Date of Grant (each term as defined in the LTSIP) and shall vest in equal annual installments on each of the first three anniversaries of the Date of Grant; provided, however, that to the extent the Sign-On RSU Award is not assumed, converted or replaced with equivalent value awards by the resulting entity in the event of a Change in Control (as defined in the LTSIP), all restrictions with respect to any unvested portion of the Sign-On RSU Award shall immediately lapse and the Sign-On RSU Award will become vested and nonforfeitable. Except as otherwise provided in the Executive’s award agreement evidencing the Sign-On RSU Award, the Sign-On RSU Award will be governed by provisions of the LTSIP. After the Sign-On RSU Award vests, the RSUs will remain outstanding and the Executive will be entitled to delivery of the shares underlying the vested Sign-On RSU Award on the first business day of the seventh month following the Executive’s Separation from Service. On each date that the Company pays a dividend on the Common Stock underlying the Sign-On RSU Award to the extent it is not vested, the unvested Sign-On RSU Award will accrue additional whole or fractional RSUs equal to the number of shares of Common Stock the dividend would buy at the Market Value Per Share on the dividend payment date. These additional RSUs will vest and be subject to delivery at the same time as the shares originally payable under the Sign-On RSU Award. To the extent the Sign-On RSU Award is vested, on each date that the Company pays a dividend on the Common Stock, the Executive will receive an amount of cash equal to the dividends on the number of shares underlying the vested Sign-On RSU Award in cash on the dividend payment date.
Sign-on RSU Award. Any portion of the Sign-on RSU Award that is unvested as of the Date of Termination shall vest and be settled on the later of (i) the Date of Termination and (ii) the first (1st) anniversary of the grant date of the Sign-on RSU Award;
Sign-on RSU Award. In specific consideration for the Executive’s covenants in Section 11 and 12 below, on January 26, 2015, the Executive received a one-time award of restricted share units with a value of $1,500,000 (the “Sign-On RSU Award”). The Sign-On RSU Award shall vest and settle on the Separation Date, with 60% of the Sign-On RSU Award to be settled in shares of the Company and 40% to be settled in cash; provided that the Executive remains employed by the Company through the Separation Date, subject to Section 7 below.
Sign-on RSU Award. Executive shall be granted a restricted share unit award (the “Sign-on RSU Award”) covering a number of Shares having a total grant date fair value of $5,000,000 (Five Million United States Dollars). The Sign-on RSU Award shall vest and settle in equal installments on the first (1st), second (2nd) and third (3rd) anniversaries of the Grant Date, subject, except as provided in Section 9, to Executive’s continued employment with the Company on, in each case, the applicable vesting date. The Sign-on RSU Award shall include other terms and conditions described in this Agreement and other terms and conditions consistent with restricted share unit (“RSU”) awards granted by the Company generally.
Sign-on RSU Award. Following commencement of employment, the Company will recommend to the Board that Executive be granted Restricted Stock Units (“RSUs”) valued at $1,000,000. The number of RSUs granted will be calculated by dividing the approved dollar amount by the average closing price of Sunrun common stock during the thirty (30) trading days prior to the date of grant, unless stated otherwise in the approval document.
Sign-on RSU Award. As soon as practicable following the Start Date and in all events following the next Enstar Compensation Committee meeting, Executive shall be eligible to receive a one-time grant of Restricted Stock Units (“RSUs”) pursuant to the terms and conditions of Enstar’s Amended and Restated 2016 Equity Incentive Plan (or any successor plan) and an approved form of RSU award agreement, with an aggregate grant date value equal to $500,000, where the actual number of RSUs granted will be determined using the closing price of Enstar’s ordinary shares as of the trading day immediately prior to the date of grant (such grant, the “Sign-On RSU Award”). Subject to the terms and conditions of Enstar’s Amended and Restated 2016 Equity Incentive Plan (or any successor plan) and an approved form of RSU award agreement, the Sign-On RSU Award will be eligible to vest proportionally over a period of three (3) years (1/3 will vest on each of the first, second and third anniversaries of the Start Date), subject to Executive’s continued employment on each applicable date except as otherwise set forth herein or therein.
