Sign-On RSUs Sample Clauses
The Sign-On RSUs clause outlines the terms under which a new employee is granted restricted stock units (RSUs) as part of their initial compensation package. Typically, this clause specifies the number of RSUs awarded, the vesting schedule (such as over four years with a one-year cliff), and any conditions that must be met for the RSUs to vest, such as continued employment. Its core practical function is to incentivize new hires to join and remain with the company by offering equity that becomes valuable over time, thereby aligning the employee’s interests with the company’s long-term success.
Sign-On RSUs. You will be granted a one-time sign-on award of seventy-five thousand (75,000) restricted stock units (the “Sign-On RSUs”). Your Sign-On RSUs will vest ratably over four (4) years, with automatic vesting upon a Change in Control of the Company (as defined in the Company’s 2016 Equity Incentive Plan).
Sign-On RSUs. The Sign-On RSUs shall be granted as soon as practicable following execution of this Agreement but in no event prior to the date on which the shares underlying such awards are registered on Form S-8. Subject to the terms of this Agreement and the Sign-On RSUs award agreement into which Executive and the Company shall enter evidencing the grant of the Sign-On RSUs, 50% of the Sign-On RSUs shall become vested and non-forfeitable, on the grant date of the Sign-On RSUs. In addition, 1.38889% of the shares of the Sign-On RSU shall vest and become non-forfeitable on the first day of each of the first thirty-six (36) calendar months that begins after the first anniversary of the Effective Date.
Sign-On RSUs. On September 18, 2023, the Executive shall be granted 78,982 RSUs (the “Sign-On RSUs”) to replace certain outstanding unvested equity-based Prior Awards. The Sign-On RSUs shall be an award of time-based RSUs, which shall vest in three (3) equal annual installments on the first, second and third anniversaries of the grant date, subject to the Executive’s continued employment with the Company through the applicable vesting date. The Sign-On RSUs shall be issued under the 2023 Omnibus Plan and, except as otherwise provided herein, shall be subject to the terms and conditions of the 2023 Omnibus Plan and the award agreement evidencing the grant of such Sign-On RSUs, which award agreement shall be substantially in the form of agreement attached hereto as Exhibit B.
Sign-On RSUs. On the later to occur of (X) the sixteenth (16th) trading day following the first public announcement by the Company of the Executive’s appointment as CEO (the “Announcement Date”) or (Y) the Start Date (as applicable, the “Grant Date”), the Company will grant Executive time-vesting restricted stock units (“RSUs”) for a number of shares to be determined by dividing $20,000,000 by the average daily closing price of the Company’s common stock on the Nasdaq Global Select Market for the thirty (30) trading days ending on the fifteenth (15th) trading day following the Announcement Date (the “30-Day Average”) rounded down to the nearest whole share (the “Sign–On RSUs”). The vesting commencement date of the Sign-On RSUs will be the Executive’s Start Date. 100% of the Sign-On RSUs shall vest on the one-year anniversary of the Executive’s Start Date, subject to Executive’s Continuous Service (as defined in the 2018 Plan) on such vesting date (except as set forth below in Section 7). The Sign-On RSUs will be subject to the form of award agreement previously presented to Executive.
Sign-On RSUs. As soon as administratively practicable following the Employment Commencement Date, Executive shall receive a grant of time-based restricted stock units with a grant date fair value equal to $600,000 (the “Sign-On RSUs”). The Sign-On RSUs shall (i) be granted under the Company’s 2020 Stock Option and Incentive Plan, (ii) vest in equal installments on each of the first four anniversaries of the date of grant, subject to continued employment or service, and (iii) otherwise be subject to the standard terms and conditions of the Company.
Sign-On RSUs. The first trading day after the first Compensation Committee meeting immediately following Executive’s Start Date (or, if the Compensation Committee’s next such meeting occurs during a blackout period, then promptly following the end of such blackout period), the Company will grant to Executive, pursuant to the terms of the Equity Plan and applicable award agreements, a grant of a restricted stock unit award under the Equity Plan for a number of shares of Verra Mobility Class A Common Stock with a total value, as measured by the closing price of Verra Mobility’s Class A Common Stock on the Nasdaq Capital Market on the date of grant, equal to Six Hundred Fifty Thousand Dollars ($650,000) (the “Sign-On RSUs”), which shall include annual time-based vesting of fifty percent (50%) increments on each of the successive two (2) anniversaries of the grant date and the terms of the Equity Plan and Executive’s RSU award agreement, including continued service through each applicable vesting date.
Sign-On RSUs. The Sign-On RSUs shall vest and settle in shares of Holdings common stock in two (2) equal annual installments on each of the second (2nd) and third (3rd) anniversaries of the Commencement Date, subject to Employee’s continued employment with the Company. The Sign-On RSUs shall include dividend equivalent rights with respect to the underlying shares, with such dividend amounts payable to Employee when and if the corresponding underlying shares become vested and are delivered to Employee.
Sign-On RSUs. You will be granted a one-time sign-on award of restricted stock units with an aggregate target value of $750,000 (the “Sign-On RSUs”), determined based the volume weighted average price for the Company's common stock for the ten day period prior to the Effective Date. Your Sign-On RSUs will vest ratably over three years, with automatic vesting upon a Change in Control of the Company (as defined in the Company's 2016 Equity Incentive Plan).
Sign-On RSUs. Subject to the provisions of this Section 3(d)(ii), as soon as practicable after the Commencement Date, the Executive shall be granted RSUs with an aggregate grant date fair value of the Forfeited Amount (the “Sign-On RSUs”) to replace certain outstanding unvested performance shares granted to the Executive by the Prior Employer (the “Prior Equity Awards”) that he shall forfeit upon leaving the employ of the Prior Employer and future tenure-based pension accruals that he shall forfeit upon leaving the employ of the Prior Employer (the “Future Pension Accruals”). The Sign-On RSUs shall be comprised of (A) an award of performance-based RSUs with a grant date fair value equal to $8,000,000, which shall vest in three equal annual installments on the first, second and third anniversaries of the grant date, subject to the Executive’s continued employment with the Company through the applicable vesting date, and also subject to the Executive having a leadership team of “executive officers” (as such term is defined in Rule 3b-7 under the Securities Exchange Act of 1934, as amended) in place and presenting in good faith a preliminary five-year business plan to the Board, in each case prior to the first anniversary of the Commencement Date, and (B) an award of time-based RSUs with a grant date fair value equal to Forfeited Amount less $8,000,000, which shall vest in three equal annual installments on the second, third and fourth anniversaries of the grant date, subject to the Executive’s continued employment with the Company through the applicable vesting date (the “Second Make Up Grant”). The Sign-On RSUs shall be issued under the 2014 LTIP and shall be subject to the terms and conditions of the 2014 LTIP and the award agreements evidencing the grant of such Sign-On RSUs, which award agreements shall be substantially in the forms of agreements attached hereto as Exhibits F and G. Within fifteen (15) days following the date hereof, the Executive shall provide the Company with documentation from the Prior Employer that indicates the amount of the Prior Cash Awards and the Prior Equity Awards (collectively, the “Prior Awards”), and the amount of the Future Pension Accruals, that will be forfeited upon the Executive’s termination of employment from the Prior Employer and the amount of the Prior Awards and Future Pension Accruals that will not be forfeited upon such termination of
Sign-On RSUs. Your “Sign-On RSUs” shall consist of Company restricted stock units (“RSUs”) with an aggregate fair market value (as of the grant date) of Two Million Nine Hundred Thousand Dollars ($2,900,000), which shall vest 50% on the first anniversary of your Employment Date and the remaining 50% on the second anniversary of your Employment Date, provided further, that the Sign-On RSUs will accelerate in full upon a Change in Control where the Company is no longer a publicly traded company.