Annual Equity. For each fiscal year of the Company that you are employed during the Term, you will be eligible for an annual equity grant based on achievement of objectives established by the Committee, and on such other terms established by the Committee in its sole discretion. In accordance with the policies and practices of the Company, some or all of such annual equity grant may be in the form of restricted stock units, performance share units, or other equity that is an economic equivalent to an option award. Such equivalency will be determined by the Company in its sole discretion. Existing Equity: The option grants and equity-based awards received by you during your employment with the Company through the date of this Agreement shall continue to be governed by the terms and conditions set forth in the applicable written stock option, restricted stock unit, and performance share unit agreements.
Annual Equity. For each full fiscal year of the Company that you are employed during the Term, you will be eligible for an annual equity grant based on achievement of objectives established by the Committee at the Committee’s sole discretion. Objectives will be established during the first quarter of the fiscal year. In accordance with the policies and practices of the Company, some or all of such annual equity grant may be in the form of restricted stock units that are economically equivalent to an option award. Such equivalency will be determined by the Company in its sole discretion. Initial Equity: The Company shall grant to you, effective as of your hire effective date (the “Date of Grant”) a non-statutory option to purchase 250,000 shares of the common stock of the Company (the “Initial Option”), subject to the terms of the Company’s 1992 Long-Term Incentive Plan, as amended (the “Plan”), and a stock option agreement to be entered into by you and the Company. The Initial Option shall carry a seven-year term and an exercise price equal to the Fair Market Value (as defined in the Plan) of the Company’s common stock as of the Date of Grant. In accordance with the policies and practices of the Company, and prior to the Date of Grant, you may elect to receive Restricted Stock Units (“RSU”) in lieu of up to one-half of the shares of the Initial Option. If elected, you will receive one RSU for every three shares of the Initial Option that you forego, and such RSUs will be subject to the Plan and a RSU agreement to be entered into by you and the Company. All Initial Options and RSUs granted will be subject to four-year ratable vesting.
Annual Equity. Volumes" shall be redefined to mean a fixed amount equal to the Annual Equity Volumes for the calendar year prior to the calendar year in which the ARCO Consolidation occurs.
Examples of Annual Equity in a sentence
Annual Equity Awards: Executive will be granted annual equity awards in an amount determined by the Board.
The other one-half of the Annual Equity Grant is expected to be in the form of performance shares or performance restricted stock units, which will have Board-determined performance restrictions and metrics associated with them.
One-half of the Annual Equity Grant is expected to be in the form of restricted stock units or restricted share units with no performance restrictions or metrics associated with them, and which are expected to vest in three equal increments on each of the first, second and third anniversaries of the grant date.
All Annual Equity Grants to Employee shall be subject to the terms of the grant agreement between Employer and Employee.
Annual Equity Awards may be in the form of stock options, restricted stock, restricted stock units, performance shares, performance units, or any other equity award that is permitted pursuant to the Equity Incentive Plan.
More Definitions of Annual Equity
Annual Equity. Volumes" shall be redefined to mean a fixed amount equal to the Annual Equity Volumes for the calendar year prior to the calendar year in which the Third Party Consolidation occurs. If Seller transfers the Agreement to the Acquiror, Purchaser shall have the right for a period of one (1) year after the date of such merger, consolidation or asset sale to terminate this Agreement by written notice to Seller and the Seller and Acquiror would immediately pay the Buyout Payment to Purchaser by wire transfer of immediately available funds.
Annual Equity. Grants For fiscal 2014, in connection with your hiring, you will be recommended to receive an equity award of $1.2 million consistent with the terms of the equity award programs to other executive officers pending approval from the Compensation Committee. Thereafter, on an annual basis, you shall be eligible for additional future equity awards as customarily granted to executive officers as determined in the sole discretion of the Compensation Committee. The Revenue Growth Experts in Global Cloud Commerce Digital River, Inc. · 00000 Xxxx Xxxx Xxxx · Minnetonka · Minnesota 55343 · United States Phone: +0.000.000.0000 · Fax: +0.000.000.0000 · xxx.xxxxxxxxxxxx.xxx Signing Bonus: Digital River agrees to pay a $100,000 signing bonus (less applicable taxes) in your first payroll period following your start date. In addition, you will receive $200,000 which shall be made on the first payroll period in January 2014 reflecting a total sign-on bonus of $300,000; provided you are an employee in good standing with Digital River at the time of payment. The signing bonus will be recoverable on a pro rata basis by the Company in the event that you leave the Company within the first twenty-four (24) months of your start date. Additional
Annual Equity. For each full fiscal year of the Company that you are employed during the Term, you will be eligible for an annual equity grant based on achievement of objectives established by the Committee at the Committee’s sole discretion. Objectives will be established during the first quarter of the fiscal year. In accordance with the policies and practices of the Company, some or all of such annual equity grant may be in the form of restricted stock units that are economically equivalent to an option award. Such equivalency will be determined by the Company in its sole discretion. Initial Equity: The Company shall grant to you, effective as of your hire effective date (the “Date of Grant”) a non-statutory option to purchase 225,000 shares of the common stock of the Company (the “Initial Option”), subject to the terms of the Company’s 1992 Long-Term Incentive Plan, as amended (the “Plan”), and a stock option agreement to be entered into by you and the Company. The exercise price of the Initial Option shall be the Fair Market Value (as defined in the Plan) of the Company’s common stock as of the Date of Grant. In accordance with the policies and practices of the Company, and prior to the Date of Grant, you may elect to exchange up to one-half of these Initial Options for Restricted Stock Units (“RSU”) on a three Initial Options per one RSU basis. All initial Options and RSUs granted will be subject to four-year ratable vesting. Signing Bonus: You will receive a signing bonus of $100,000, less applicable taxes, on the Company’s first available payroll date following the commencement of your employment. Should you voluntarily terminate your employment with the Company without Good Reason or should the Company terminate your employment with Cause and either such termination of employment occurs before you complete twelve months of employment from your start date, you will be responsible to repay a pro rata amount of your signing bonus. This pro rata amount will be calculated by dividing the net after tax amount of the signing bonus you receive by 365, and then multiplying that amount by the number of days from the last day of your employment through the one-year anniversary of your start date. You further authorize the Company to withhold this amount from any final wages due to you and agree to remit any remaining amount owed within 30 calendar days of the effective date of your voluntary termination of employment.
Annual Equity. If you remain employed with the Company through December 10, 2022, then the number of Restricted Stock Units (“RSUs”), Management Stock Units (“MSUs”), and Performance Stock Units (“PSUs”) previously granted to you and specified in the table below under the column “Unvested Units Scheduled to Vest in 2022” shall vest subject to and in accordance with the vesting schedules and terms of the plans under which such RSUs, MSUs, and PSUs were granted (except for one RSU grant issued on August 21, 2019, a portion of which will vest earlier (August 21, 2022) than the remaining RSU grants). ID Holder Type Grant Date Units Granted Unvested Units as of Jan 1, 2022 Unvested Units Scheduled to Vest in Calendar Year 2022 31939 Xxxxx, Xxxxx RSU 12/10/2018 5,300 1,325 1,325 31939 Xxxxx, Xxxxx RSU 8/21/2019 5,720 2,860 1,430 31939 Xxxxx, Xxxxx MSU * 12/10/2019 3,216 1,437 * 31939 Xxxxx, Xxxxx PSU 12/10/2019 6,432 2,144 2,144 31939 Xxxxx, Xxxxx RSU 12/10/2019 3,216 1,608 804 31939 Xxxxx, Xxxxx MSU * 12/10/2020 4,370 4,370 * 31939 Xxxxx, Xxxxx PSU 12/10/2020 8,740 5,826 2,912 31939 Xxxxx, Xxxxx RSU 12/10/2020 4,370 3,277 1,093 31939 Xxxxx, Xxxxx MSU * 12/10/2021 5,350 5,350 * 31939 Xxxxx, Xxxxx PSU * 12/10/2021 5,350 5,350 * 31939 Xxxxx, Xxxxx RSU 12/10/2021 5,350 5,350 1,338 * Whether and to the extent to which MSUs and unearned PSUs are earned and vest depends upon the terms of the applicable plans under which the MSUs and PSUs were granted.
Annual Equity. You acknowledge that you will not be eligible for any additional equity grants from the Company. Your outstanding equity holdings will continue in place in accordance with the terms and conditions of the applicable agreements, represented in the Company’s records by grant numbers 009591 and 009597.
Annual Equity. For each full fiscal year of the Company that you are employed during the Term, you will be eligible for an annual equity grant based on achievement of objectives established by the Committee. Objectives will be established during the first quarter of the fiscal year. At target performance, the annual equity grant will be for an option to purchase 100,000 shares of the Company’s common stock at fair market value as of the date of grant, and on such other terms established by the Committee. In accordance with the policies and practices of the Company, some or all of such annual equity grant may be in the form of restricted stock units or other equity that is an economic equivalent to an option award. Such equivalency will be determined by the Company in its sole discretion. In connection with your eligibility for an annual equity grant relating to fiscal year 2007, such grant will be prorated based on the portion of the fiscal year you are employed by the Company. Grants are made during the first quarter following the end of the fiscal year. Initial Equity: The Company shall grant to you, effective as of February 14, 2007 (the “Date of Grant”) and provided you have commenced employment with the Company, a non-statutory option to purchase 125,000 shares of the common stock of the Company (the “Option”) and restricted stock units covering 41,667 shares of the Company’s common stock, in each case, subject to the terms of the Company’s 1992 Long-Term Incentive Plan, as amended (the “Plan”), and a stock option agreement and restricted stock unit award agreement to be entered into by you and the Company. The exercise price of the Option shall be the Fair Market Value (as defined in the Plan) of the Company’s common stock as of the Date of Grant.
Annual Equity. If you remain employed with the Company through December 10, 2023, then the number of Restricted Stock Units (“RSUs”), Management Stock Units (“MSUs”), and Performance Stock Units (“PSUs”) previously granted to you and specified in the table below under the columns “Known or Predicted Units Vesting in Dec. ‘23” shall vest subject to the terms of the applicable plans and respective grant agreements under which such RSUs, MSUs, and PSUs were granted: Grant Number Plan Grant Type Grant Date Target Units Granted Known or Preliminarily Forecasted Perf Multiplier Known or Preliminarily Forecasted Unit Outcomes Units Already Earned / Vested Known or Preliminarily Forecasted Units Unvested as of 10/25/23 Known or Preliminarily Forecasted Units Vesting in Dec ‘23 M210002 2012 MSU 12/10/2020 2,913 200.00 % 5,826 (1,029 ) 4,797 4,797 M220002 2021 MSU 12/10/2021 5,350 200.00 % 10,700 (3,568 ) 7,132 3,566 M230002 2021 MSU 12/9/2022 3,739 200.00 % 7,478 0 7,478 2,493 P210002 2012 PSU 12/10/2020 2,913 200.00 % 5,826 (3,884 ) 1,942 1,942 P220002 2021 PSU 12/10/2021 5,350 195.30 % 10,449 (3,485 ) 6,964 3,482 P230002 2021 PSU 12/9/2022 3,739 200.00 % 7,478 0 7,478 2,493 RU17145 2012 RSU 12/10/2019 1,754 100.00 % 1,754 (1,316 ) 438 438 RU018071 2012 RSU 8/25/2020 4,724 100.00 % 4,724 (3,543 ) 1,181 0 Grant Number Plan Grant Type Grant Date Target Units Granted Known or Preliminarily Forecasted Perf Multiplier Known or Preliminarily Forecasted Unit Outcomes Units Already Earned / Vested Known or Preliminarily Forecasted Units Unvested as of 10/25/23 Known or Preliminarily Forecasted Units Vesting in Dec ‘23 RU018078 2012 RSU 12/10/2020 2,913 100.00 % 2,913 (1,457 ) 1,456 728 RU019947 2021 RSU 12/10/2021 5,350 100.00 % 5,350 (1,338 ) 4,012 1,338 RU020115 2021 RSU 12/9/2022 3,739 100.00 % 3,739 0 3,739 935 Totals: 42,484 66,237 (19,620 ) 46,617 22,212 * Actual MSU and PSU performance outcomes will be governed by the terms and conditions of the applicable plan documents and respective grant agreements and will be determined following November 30, 2023. For avoidance of doubt, none of the RSUs, MSUs, or PSUs identified in the “Known or Predicted Units Vesting in Dec. ‘23” column above will vest if your employment with the Company ends for any reason, whether at your initiative or at the Company’s initiative in accordance with this Agreement, prior to the applicable vesting date(s) for such RSUs, MSUs, or PSUs.