Common use of Annual RSU Award Clause in Contracts

Annual RSU Award. Effective as of March 31, 2017 (the “Grant Date”), Executive shall be awarded restricted stock units (“RSUs”) with a value as of the Grant Date of $300,000 (the “Annual RSU Award”). Subject to continued employment, the Annual RSU Award will vest in equal installments semi-annually over three years, with the first such vest occurring on October 1, 2017, and the remaining installments vesting every six months thereafter. The RSU Award will otherwise be subject to the Company’s then standard terms and conditions for executive RSU awards, except as otherwise provided in this Agreement or in the XXXX.

Annual RSU Award. Effective as Subject to the approval of the Committee at the next regularly scheduled Committee meeting following the Commencement Date (but not later than March 31, 2017 (the “Grant Date”2020), Executive shall will be awarded restricted stock units (“RSUs”) with a value as of the Grant Date grant date of $300,000 480,000 (the “Annual RSU Award”). Subject to continued employment, the Annual RSU Award will vest in equal installments semi-annually over three years, with the first such vest occurring on October 1, 20172020, and the remaining installments vesting every six months thereafter. The RSU Award will otherwise be subject to the Company’s then standard terms and conditions for executive RSU awards, except as otherwise provided in this Agreement or in the XXXX.

Annual RSU Award. Effective as of March Subject to the Committee’s approval at the next regularly scheduled Committee meeting (but not later than January 31, 2017 (the “Grant Date”2017), Executive shall will be awarded restricted stock units (“RSUs”) with a value as of the Grant Date grant date of $300,000 240,000 (the “Annual RSU Award”). Subject to continued employment, the Annual RSU Award will vest in equal installments semi-annually over three years, with the first such vest occurring on October April 1, 2017, and the remaining installments vesting every six months thereafter. The RSU Award will otherwise be subject to the Company’s then standard terms and conditions for executive RSU awards, except as otherwise provided in this Agreement or in the XXXX.

Annual RSU Award. Effective as of March Subject to the Committee’s approval at the next regularly scheduled Committee meeting (but not later than January 31, 2017 (the “Grant Date”2017), Executive shall will be awarded restricted stock units (“RSUs”) with a value as of the Grant Date grant date of $300,000 375,000 (the “Annual RSU Award”). Subject to continued employment, the Annual RSU Award will vest in equal installments semi-annually over three years, with the first such vest occurring on October 1, 2017, and the remaining installments vesting every six months thereafter. The RSU Award will otherwise be subject to the Company’s then standard terms and conditions for executive RSU awards, except as otherwise provided in this Agreement or in the XXXX.