Examples of Initial Equity in a sentence
The Initial Equity Award shall be subject to the terms of the Red Rock Resorts, Inc.
It is expected that Executive will receive equity awards in each of 2022 and 2023 that are equivalent in value to the Initial Equity Awards, subject to Executive’s and Company’s performance.
Xxxxxxx Xxxxxx Title: Director Amount of Unsecured Claims (excluding accrued interest for bond claims): [REDACTED] Initial Equity Commitment: Investment Commitment (0-100% of “Amount of Unsecured Claims” above): [REDACTED] Backstop Amount (up to $75,000,000): [REDACTED] By: First Pacific Advisors, LP, its investment manager By: FPA GP, Inc.
The Initial Equity Awards will vest ratably on each of the first, second and third anniversary of the grant date, subject to Executive’s continued employment with the Company through each such vesting date.
For the avoidance of doubt, the gross proceeds from the Initial Equity Offering shall form part of the Total Proceeds.