Special Equity Grant. The Executive has received a special equity grant from the Company under the Company’s 2014 Equity Incentive Plan in the form of restricted stock units as described on Exhibit I (the “Special Equity Grant”), which Special Equity Grant was evidenced by one or more separate award agreements.
Special Equity Grant. During the Employment Period, Executive shall also be eligible to receive a special equity grant (the “Special Equity Grant”) of restricted stock units (“RSUs”) for each fiscal year based on the achievement of Games' Gross Revenues (as defined below) meeting or exceeding the threshold revenue for such games as established for each such fiscal year in the annual Company budget approved by the Board (the “Threshold Revenue”). Games' Gross Revenues shall be defined as all revenues received and earned by the Company for those games approved annually by the CEO (the “Games”) for the fiscal year, calculated according to and pursuant to U.S. GAAP, less refunds, returns, credits and other legitimate deductions reflecting amounts not actually received or earned by the Company. In the event the Game's Gross Revenues for the applicable fiscal year are equal to the Threshold Revenue, then Executive shall be issued “x” RSUs. For each full one percent (1%) of Games' Gross Revenues for the applicable fiscal year above the Threshold Revenue, Executive shall be issued RSUs equal to 1% of “x”. For clarification, if the Games' Gross Revenues for the applicable fiscal year meet or exceed the Threshold Revenue, the Special Equity Grant shall be calculated using the following formula: “x” plus 1% of “x” for each full 1% over the Threshold Revenue. The calculation of “x” shall be calculated by taking Executive's Annual Base Salary on the date the Board approves the issuance of the Special Equity Grant for the Executive (the “Grant Date”) and dividing it by the closing price of the Company's stock on the Grant Date. The Company's agreement to the provisions of this Article III (C) is based on the Company being the lawful owner of each of the Games and the patents associated therewith and the Executive being employed on a full-time basis by the Company on the Grant Date. In the event the Games' Gross Revenues does not exceed or is not equal to the Threshold Revenue, Executive shall not be entitled to receive the Special Equity Grant. Notwithstanding the foregoing, in the event that Company restates its earnings, then Executive upon the written demand of the Board shall be required to immediately repay Company any bonus amount paid in excess of that supported by the restated earnings (the “Clawback Right”). All RSUs issued pursuant to this Article III (C) shall vest over 4 consecutive years, at the rate of 25% per year, beginning with the Grant Date, and continuing for 3 years on e...
Special Equity Grant. Employee will be awarded a special one-time equity award of a number of restricted stock units (RSUs) determined by dividing $250,000 by the closing price of the Company's stock as reported on Nasdaq on the Effective Date. These RSUs will vest ratably (1/3) over a three-year period on each of the first three anniversaries of the grant date. All terms and conditions relating to these RSUs shall be in accordance with the Company's Amended 2013 Stock Incentive Plan. Initials: Company: ____ Employee: ____
Special Equity Grant. Subject to the approval of the Board, the Company will grant to You on Your first day of employment 25,000 restricted stock units (“RSUs”), which RSUs will be subject to a time-based vesting schedule pursuant to which 10,000 RSUs will vest on the fourth anniversary of the grant date and 15,000 RSUs will vest on the fifth anniversary of the grant date, provided that You remain continuously employed with the Company through each applicable vesting date. Such award will be made pursuant to and subject to the terms and conditions of an award agreement prepared by the Company and the terms and conditions of the 2017 Equity Incentive Plan.
Special Equity Grant. Subject to stockholder approval as set out below, the Company shall award the Executive one hundred and twenty-five thousand (125,000) performance based RSUs as follows:
Special Equity Grant. On, or within 5 business days following, the Effective Date, Executive shall be granted restricted stock units (“RSUs”) for 13,000 shares of BHI common stock, with half of such RSUs vesting on February 1, 2021, and the remaining half vesting on February 1, 2022. If the value of such RSUs on the grant date (determined using the volume 2
Special Equity Grant. In consideration of the Executive’s entering into this Agreement and as compensation for his ongoing service, the Executive shall be granted five days after the date this Agreement is executed, under the LTIP, a restricted stock award with a grant date value of $5,000,000, determined based on Dynegy’s stock price on the date of grant, which shall become vested on April 30, 2018.
Special Equity Grant. Management will recommend to the Committee that, in connection with the meetings of the Board of Directors to be held on July 19-20, 2004, the Committee approve a special grant to the Executive of restricted stock units (“RSUs”) under the Company’s 1997 Equity Plan, as amended (the “Equity Plan”). The number of RSUs included in such award will be determined by dividing (i) $250,000 by (ii) the Fair Market Value of a share of the Company’s common stock (the “Common Stock”) on the date the Committee approves such award. All RSUs included in such award will vest on the first anniversary of the end of the Term (that is, on June 30, 2007); provided, however, that if the Executive has remained in continuous employment with the Company through the last day of the Term and subsequently retires from his employment with the Company before the first anniversary of the end of the Term (or if the Company terminates the Executive’s employment without Cause at any time), all such RSUs shall vest as of the effective date of the Executive’s termination of employment. Regardless of when they vest, the RSUs included in the Executive’s award shall be settled by delivery of the corresponding shares of Common Stock to the Executive on the first anniversary of the end of the Term (that is, on June 30, 2007) or as promptly thereafter as practicable, and such settlement shall be subject to the provisions of Section 5(b) below. If the Committee fails to approve the special grant of RSUs provided for in this Section 3(b), then the Company shall make a cash grant to the Executive of $250,000, subject to vesting and payment as provided in the preceding two sentences.
Special Equity Grant. On or about February 22, 2010, subject to Employee’s continued employment with the Company through the date of grant, Employee shall be granted pursuant to the one of the Equity Plans a number of shares of restricted common stock of the Company (the “Restricted Shares”) equal to the quotient of $11,156,250 divided by the closing price of the Company’s common stock on the primary exchange over which it is traded on the date of grant (the “Special Equity Grant”). The Special Equity grant shall be divided into four substantially equal vesting tranches, as described below, and the total number of Restricted Shares in any given tranche shall be earned only if the Company’s Total Shareholder Return during the applicable vesting period is at or above the 75 th percentile among the Peer Group, as determined in good faith by the Compensation Committee. The Special Equity Grant shall have those terms and conditions as are established by the Compensation Committee and set forth in a Restricted Stock Agreement to be entered into by the Company and Employee no later than the date of grant and as is consistent with annual restricted stock awards generally granted to senior executives of the Company, but subject to the terms of this Agreement including the following terms and conditions, unless otherwise agreed in writing by the Company and Employee:
Special Equity Grant. Management will recommend to the Committee that, in connection with its meeting to be held on January 29, 2007, the Committee approve a special grant to the Executive of restricted stock units (“RSUs”) under the Company’s 1997 Equity Plan, as amended (the “Equity Plan”). The number of RSUs included in such award will be determined by dividing (i) $750,000 by (ii) the Fair Market Value of a share of the Company’s common stock (the “Common Stock”) on the date the Committee approves such award. All RSUs included in such award will vest on the third anniversary of the date of the grant ; provided, however, that if the Executive elects to retire at any time prior to the third anniversary of the date of grant, notwithstanding the foregoing or terms of the Equity Plan or award agreement, only that portion RSUs proportionate to time worked, defined as X divided by Y, (X = the number of whole months worked from the Term through the retirement date; Y = thirty-six) will vest . Regardless of when they vest, the RSUs included in the Executive’s award shall be settled by delivery of the corresponding shares of Common Stock to the Executive on July 29, 2010 or the six month anniversary of the termination of the Executive’s employment, whichever is sooner, or as promptly thereafter as practicable. Such settlement shall be subject to the provisions of Section 5(b) below.
