Initial Equity Award definition

Initial Equity Award means stock options, stock awards, restricted stock, restricted stock units, stock appreciation rights, or other awards based on or derived from the Stock which are authorized under this Plan for award to Non-Employee Directors under Section 6.1 of the Plan.

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Initial Equity Award means a one-time award of restricted stock units granted to a Non-Employee Director of Illumina upon first joining the Board of Directors. Initial Equity Awards vest over four years with 25% vesting annually on the anniversary of the grant date, provided that the Non-Employee Director continues to be a director on such date.

Initial Equity Award equals the amount of Restricted Stock Units equal to 450,000 shares of the outstanding Stock of the Company as of the date of this Agreement.

Examples of Initial Equity Award in a sentence

The Initial Equity Award shall be subject to the terms of the Red Rock Resorts, Inc.
The vesting of each Initial Equity Award is subject to Executive’s continued employment through the applicable vesting dates, and is subject to accelerated vesting in certain circumstances pursuant to Article 6 below.
The Initial Equity Award will be subject to the terms of the Plan and the applicable award agreement thereunder.
Such termination shall have the same consequences as a termination without Cause under Section 6.4. For the avoidance of doubt, in addition to the provisions set forth in Section 6.4, any unvested Initial Equity Award granted under Section 3.4 as well as any unvested awards granted under Section 3.4 during Term of Employment shall immediately vest upon the termination date to the extent required under the terms of the Red Rock Resorts, Inc.
The Initial Equity Award will be subject to the terms of the Plan and the applicable award agreement thereunder; provided that such award agreement shall have terms and conditions for Executive that are equivalent to those set forth in the award agreement for the Company’s Chief Executive Officer.
To the extent any shares of Stock are earned with respect to the Initial Equity Award in accordance with 4(c)(i), such shares shall vest on the last day of the calendar year to which such instalment relates, subject in all cases to the Executive’s continued employment through the applicable vesting date.
Unless the plan is not approved at the shareholder’s meeting, any failure to award the Initial Equity Award shall constitute a material breach of this Agreement and amongst any other remedies, shall constitute grounds for Executive to terminate this Agreement for Good Reason.
Following the Initial Equity Award, Executive may from time to time receive awards under the Equity Plan as determined by the Committee.
The Initial Equity Award shall consist of 50% restricted stock units and 50% performance-based restricted stock units; which awards shall be substantially consistent with the forms of award agreement attached as Exhibit B and Exhibit C hereto.
Fifty percent (50%) of the Initial Equity Award shall be in the form of time-based vesting restricted stock units (the “Initial RSUs”) and the remaining fifty percent (50%) of the Initial Equity Award shall be in the form of performance-based restricted stock units (the “Initial PRSUs”).

More Definitions of Initial Equity Award

Initial Equity Award. On your Start Date you will be granted that number of restricted stock units equal to $1,000,000, divided by the trailing 5 day average of the closing prices of the Company’s common stock ending on the Start Date (the “Initial RSU Award”). The Initial RSU Award will vest, subject to your continued service with the Company over three years, with 50% vesting on the first anniversary of your Start Date and 25% on each of the following two anniversaries. All other terms of the Initial RSU Award will be consistent with the Company’s standard restricted stock unit award agreement used for making its annual long-term incentive grants. Legal, Financial & Tax Planning Assistance Accuride will reimburse you for reasonable and agreed upon legal fees incurred by you in connection with your seeking bonuses earned for 2010 from your prior employer. In addition, Accuride will reimburse you up to $15,000 for reasonable legal fees and other expenses incurred by you in connection with this letter agreement and all other agreements referenced herein. All such reimbursements shall be made in accordance with the Company’s normal expense reimbursement policies upon submission of proper documentation. You agree to timely submit such expenses for reimbursement and, if timely submitted, reimbursement payments shall be made as soon as administratively practicable following such submission, but in no event later than December 31st of the calendar year following the calendar year in which the expense was incurred. In no event shall you be entitled to any reimbursement payments after December 31st of the calendar year following the calendar year in which the expense was incurred.

Initial Equity Award shall have the meaning set forth in Section 4(c).

Initial Equity Award means the combined award of (i) restricted stock units granted to Executive upon the commencement of his employment and (ii) the additional 50,000 restricted stock units to be granted to Executive on June 2, 2014, if Executive is still employed with the Company as of such date, or as otherwise approved by the Board of Directors.