Additional Equity Award. The Company shall, on January 2, 2018, grant to Executive 50,000 restricted shares of common stock of the Company, with the vesting of the restrictions on such shares being performance-based, with such performance goals to be agreed upon by the Company and Executive. The restricted shares of common stock shall be evidenced by a restricted stock agreement between Executive and the Company. The restricted stock agreement shall provide that immediately prior to the occurrence of a Change in Control or upon the termination of Executive’s employment with the Company due to Executive’s death or disability, the termination of Executive’s employment by the Company without Cause or the voluntary resignation of Executive for Good Reason, the restrictions shall lapse and the shares shall become fully vested. At the option of Executive, Executive may, upon the vesting of any such restricted shares, elect to have the number of shares of common stock of the Company on which the restrictions have lapsed reduced by, or Executive may tender back to the Company, an amount of shares sufficient to satisfy applicable federal, state and local, if any, withholding taxes arising from the vesting of such shares.
Additional Equity Award. Within fifteen (15 days) of the Effective Date, FFG shall grant to Executive an award of 28,736 restricted stock units (“Separation RSUs”) having a grant date fair market value per Separation RSU equal to one Share (as defined in the Employment Agreement) of FFG, determined based on the closing price of the Shares listed on an established securities exchange as of May 18, 2023 (such closing price being $3.48). The Separation RSUs (a) shall vest upon the earlier of (i) the date [***] and (ii) the 1st anniversary of the Effective Date, so long as Executive is then in material compliance with this Agreement; and (b) shall be subject to a separate award agreement consistent with this Agreement (the award agreement granting the Separation RSUs, together with the Inducement Award Agreements, collectively, the “Award Agreements”). [***]. Prior to the vesting of the Separation RSUs, FFG shall take the necessary steps to register the Shares issuable with respect to the Separation RSUs so that Executive may sell such Shares on an established securities exchange upon their vesting. SEPARATION AGREEMENT 4
Additional Equity Award. Executive shall receive additional one-time awards of equity of UTi Worldwide effective as follows: (i) as of the close of business on December 10, 2014, a restricted share unit award made under the applicable equity-based incentive plan of UTi Worldwide with respect to a number of shares of UTi Worldwide common stock having an aggregate value (determined based on the closing price of such stock on such date) equal to $400,000; such restricted share unit award shall vest in five equal installments (20% per installment) with the first installment vesting on April 14, 2016, and remaining installments vesting on each of the next four succeeding anniversaries of April 14, 2016, conditioned in each case on the Executive remaining in the employment of the Company through such dates (unless otherwise provided in the applicable award agreement), and shall in all other respects (including but not limited to potential accelerated vesting) be subject to the standard terms and conditions of restricted share unit awards granted under the applicable equity-based incentive plan of UTi Worldwide; and (ii) on a date not later than January 31, 2015, a performance share unit award made under the applicable equity-based incentive plan of UTi Worldwide with respect to a number of shares of UTi Worldwide common stock having an aggregate value (determined based on the closing price of such stock on December 10, 2014) equal to $1,200,000; the vesting of such performance share unit award shall be subject to both a service condition and a performance condition as follows: (x) the service vesting condition shall be satisfied on April 14, 2017 conditioned on Executive remaining in the employment of the Company through such date (unless otherwise provided in the applicable award agreement) and (y) the performance vesting condition shall be mutually agreed between Executive and the UTiW Board prior to the issuance date thereof, and shall in all other respects (including but not limited to potential accelerated vesting) be subject to the standard terms and conditions of performance share unit awards granted under the applicable equity-based incentive plan of UTi Worldwide.
Additional Equity Award. The following new paragraph 3(e) is hereby added to the Employment Agreement:
Additional Equity Award. On November 13, 2013 (the “Date of Grant”), the Company shall grant to you a restricted share unit award that covers a number of units (rounded to the nearest whole unit) obtained by dividing (x) $3.5 million, by (y) the closing per-share price of the Company’s Class A Common Shares as listed on the New York Stock Exchange on the Date of Grant, which shall be granted upon the terms, and subject to the conditions, of the 2008 Long-Term Incentive Plan and an award agreement substantially in the form of Exhibit C attached to and made part of this Agreement.”
Additional Equity Award. On January 18, 2011, the Executive also received an additional restricted stock unit award covering 57,740 shares of Class A common stock. Nothing in this Amended and Restated Agreement shall affect or in any way modify the terms and conditions in effect for that additional restricted stock unit award.
Additional Equity Award. Pursuant to Section 4.c.ii. of the Agreement, the Compensation Committee has authorized and approved an award of 6,000 additional RSUs, to be granted to the Employee under the 2019 Equity Plan, subject to the Employee’s entry into a Restricted Stock Unit Award Agreement with the Company for such additional equity award. Upon the Employee’s entry into a Restricted Stock Unit Award Agreement with the Company for such additional equity award, these 6,000 additional RSUs under the 2019 Equity Plan, which are eligible to vest in quarterly tranches of 1,500 RSUs in arrears commencing in 90-day intervals in accordance with the vesting schedule applicable to the Initial Equity Award, with the first tranche of 1,500 RSUs eligible to vest on January 1, 2022. For the avoidance of doubt, nothing in this Amendment No. 1 is to be interpreted as modifying or affecting the Initial Equity Award, or otherwise entitling the Employee to receive any equity compensation (including the 6,000 additional RSUs authorized by the Compensation Committee referenced hereby) without the Employee’s entry into a Restricted Stock Unit Award Agreement, in form approved by the Compensation Committee, with the Company for such equity compensation.
Additional Equity Award. On or as soon as practicable following the date of this Amendment, the Company will grant you an equity award of 152,250 restricted stock units (“RSUs”). Four-fifths of the RSUs (rounded up to the nearest whole share) will vest on August 15, 2018, and the remaining RSUs will vest on February 15, 2019. Additional terms – including acceleration terms – will be as specified in the attached form of Restricted Stock Unit Agreement and in the Company’s 2011 Equity Incentive Plan.
Additional Equity Award. You will be eligible to receive an additional one-time award of restricted stock units (the “Additional RSU Award”) representing the right to receive 80,000 shares of the Company’s Class A common stock under the Company’s 2021 Equity Incentive Plan. The Additional RSU Award shall be subject to your employment with the Company on the Grant Date, as well as:
Additional Equity Award. In addition to the Annual Option Grants and Restricted Stock Grant described in Sections 6(a) and (b) above, the Executive may be awarded additional compensation (such as stock options, shares of incentive stock, or shares of restricted stock) (the "Additional Incentive Awards") pursuant to the present or any future incentive compensation or long-term compensation program established for the senior officers of the Company (collectively the "Incentive Compensation Programs"), in an appropriate manner for the position occupied by Executive and his performance therein relative to other Company senior executives and consistent with Company pay practices; provided that in no event shall any employee or prospective employee of COC receive, in any year, (x) any option award with an aggregate face value greater than the aggregate face value of any option award made to the Executive in such period, or (y) in the case of restricted stock, with an aggregate value greater than the aggregate value of restricted stock granted to the Executive during the Employment Term, unless the Executive consents to an individual receiving a larger award arising out of an acquisition or divestiture of any business by COC or made for purposes of retaining a COC employee. Compensation granted under such plans will be subject to the actual provisions and conditions applicable to such plans.
