Special Equity Award. Effective as of the Commencement Date, the Corporation shall grant the Executive
Special Equity Award. Employee received a special performance-based restricted stock award approved by the Compensation Committee at its July 11, 2016 meeting with a grant value of approximately $2 million, vesting 50% on the third anniversary date of the award and 50% on the fourth anniversary date of the award. The award is subject to the Aviation Services business group’s achievement of the performance measures for the three-year performance period beginning June 1, 2016 and ending May 31, 2019 as set forth on Exhibit A.
Special Equity Award. The Company shall grant to Employee seven thousand five hundred (7,500) restricted stock units under the Scientific Games Corporation 2003 Incentive Compensation Plan, as amended and restated (the “Plan”), pursuant to an equity award agreement (in the form to be provided to Employee) to be entered into by and between the Company and Employee (the “Equity Award Agreement”). The Equity Award Agreement shall provide that the equity award shall vest with respect to twenty percent (20%) of the shares of common stock subject to such award on each of the first five anniversaries of the date of grant, subject to any applicable provisions relating to accelerated vesting and forfeiture as described in this Agreement, the Equity Award Agreement or the Plan.
Special Equity Award. As of the Amendment Effective Date, Executive shall receive a special equity award of seventy thousand (70,000) restricted stock units (the “Special Equity Award”), under the Plan, pursuant to an equity award agreement to be provided by the Company and entered into by and between SGC and Executive (the “Special Equity Award Agreement”). The Special Equity Award Agreement shall provide that the Special Equity Award shall vest with respect to twenty-five percent (25%) of the shares of SGC common stock subject to such Special Equity Award on each of the first four anniversaries of the Special Equity Award grant date, subject to any applicable provisions relating to accelerated vesting and forfeiture as described in the Agreement, the Special Equity Award Agreement or the Plan.
Special Equity Award. As of the Effective Date, Executive shall be awarded $250,000 in restricted stock units of the Company (valued at the closing price of the Company’s common stock on the trading day immediately preceding the Effective date), with such terms and conditions as are set forth in a restricted stock unit award agreement in the form attached hereto as Exhibit A.
Special Equity Award. As of the date of this Agreement, the Executive shall be awarded 115,385 stock units under the Stock Incentive Plan. The agreement evidencing such award (the “Stock Unit Agreement”) shall be substantially in the form attached to this Agreement as Exhibit E.
Special Equity Award. Assuming continued employment through the applicable dates of grant, Hasbro will grant Executive a special equity award (the “Special Equity Award”) in the form of restricted stock units on the terms and subject to the conditions set forth in this Section 3.3. The number of shares of restricted stock units to be granted pursuant to the Special Equity Award shall be calculated by dividing Twenty-Two Million Dollars ($22,000,000) by the closing price of a stock share as of the Effective Date. The aggregate number of shares of the Special Equity Award will be made in two tranches, the first tranche in fiscal year 2013, and the second in fiscal year 2014 (with such second tranche contingent on Hasbro’s receiving shareholder approval for an amendment to Hasbro’s equity plan authorizing the issuance of additional shares under such plan). In the event shareholder approval, which would permit Hasbro to provide the second tranche in 2014, is not obtained, Executive will nonetheless receive the second tranche if and when Hasbro receives shareholder approval, provided he remains employed by Hasbro on the date of grant, and provided further that shareholder approval is obtained prior to the later of (x) December 31, 2017, or (y) the date of the termination of Executive’s employment if after December 31, 2017. In the event shareholder approval is not obtained prior to the later of (x) December 31, 2017, or (y) the date of the termination of Executive’s employment if after December 31, 2017, Hasbro is relieved of its obligation to make the grant of the second tranche, Executive’s right to the second tranche of the Special Equity Award is terminated, and the failure to make such a grant will not be considered a breach of this Agreement. The date of grant of the second tranche shall have no effect on whether Executive has satisfied the Stock Price Component (as defined below). The Special Equity Award shall have two vesting components, both of which must be satisfied for the restricted stock units to vest. The first component is based on the achievement of the pre-defined stock price hurdles listed on Schedule A attached hereto for a period of at least 30 consecutive trading days, using the average closing price over such periods (the “Stock Price Component”). The second vesting component requires that Executive remain continuously employed at Hasbro until December 31, 2017 (the “Service Component”). If and to the extent both the Stock Price Component and the Service Comp...
Special Equity Award. Contemporaneously with the execution of this Agreement, Executive and Employer are entering into a Restricted Stock Agreement pursuant to which Employer will award a total of Forty-Five Thousand (45,000) shares of restricted stock to Executive as a special equity award, subject to vesting or forfeiture in accordance with the terms of the Restricted Stock Agreement.
Special Equity Award. Effective as of the Commencement Date, the Company shall grant the Executive 100,000 shares of restricted stock (the “Restricted Stock Award”) pursuant to the Company’s 1998 Restricted Stock Plan. Except as otherwise expressly provided herein, (A) the Restricted Stock Award shall vest and cease to be restricted only if the Executive is employed by the Company on the third anniversary of the Commencement Date and (B) the Executive will immediately forfeit the Restricted Stock Award if he ceases to be employed by the Company prior to the third anniversary of the Commencement Date. Effective as of the Commencement Date, the Company shall grant the Executive a stock option (the “Option”) to purchase an aggregate of 1,000,000 shares of the Company’s common stock, par value $0.01 (the “Shares”) pursuant to the Company’s 1995 Stock Option Plan. The Option shall have a term of ten years from the date of grant, subject to earlier expiration as provided herein. The per Share exercise price of the Shares underlying the Option shall be equal to the last reported sales price for a Share on the Commencement Date (or the immediately preceding trading day if the Commencement Date is not a trading day) as quoted by brokers and dealers trading in the Shares in the over-the-counter market. Except as otherwise expressly provided herein, the Option shall vest and become exercisable with respect to one-third of the Shares on each of the first three anniversaries of the Commencement Date (that is, 333,333 on the first anniversary, 333,333 on the second anniversary and 333,334 on the third anniversary) provided the Executive is employed by the Company on each such date. Except as otherwise provided in Sections 4 and 5 below, the Restricted Stock Award and Option shall be governed by the terms of the equity incentive plan(s) and/or agreements pursuant to which the Restricted Stock Award and Option are granted.
Special Equity Award. Effective as of the Commencement Date, the Corporation shall grant the Executive (i) 27,500 shares of restricted stock (the "Restricted Stock") pursuant to the Corporation's 1998 Restricted Stock Plan. Except as otherwise expressly provided herein, (A) the Restricted Stock award shall vest and cease to be restricted only if the Executive is employed by the Corporation on the third anniversary of the Commencement Date and (B) the Executive will immediately forfeit the Restricted Stock if he ceases to be employed by the Corporation prior to the third anniversary of the Commencement Date; and
