Annual Grant. Executive will be eligible to receive an annual equity award under the LTIP for the Company’s [____] fiscal year(s) in the form of RSUs having a grant date fair value equal to approximately $[_________], vesting 25% on each of the first four anniversaries of the grant date, subject to Executive’s continued employment with the Company through the applicable vesting date.
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Sources: Executive Employment Agreement (Stem, Inc.), Executive Employment Agreement (Star Peak Energy Transition Corp.)
Annual Grant. Executive will be eligible to receive an annual equity award under the LTIP for the Company’s [____●] fiscal year(s) year in the form of RSUs having a grant date fair value equal to approximately $[_________●], vesting 25% on each of the first four anniversaries of the grant date, subject to Executive’s continued employment with the Company through the applicable vesting date.
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