Emergence Equity Grant. The Company shall grant Executive a combination of restricted stock units (“Restricted Stock Units”) that are to be settled in common stock of the Company (“Common Stock”) and options to purchase Common Stock (“Stock Options”) with an aggregate economic value of $800,000 (such grant of Restricted Stock Units and Stock Options are together referred to as the “Executive LTIP”). The $800,000 aggregate economic value of the Restricted Stock Units and Stock Options to be awarded under the Executive LTIP shall be determined in the good faith judgment of the Compensation Committee of the Board taking into account the requirements set forth in (A) and (B) below.
Appears in 3 contracts
Samples: Employment Agreement (Mirant Corp), Employment Agreement (Mirant Americas Generating LLC), Employment Agreement (Mirant Mid Atlantic LLC)
Emergence Equity Grant. The Company shall grant Executive a combination of restricted stock units (“Restricted Stock Units”) that are to be settled in common stock of the Company (“Common Stock”) and options to purchase Common Stock (“Stock Options”) with an aggregate economic value of $800,000 3.8 million (such grant of Restricted Stock Units and Stock Options are together referred to as the “Executive LTIP”). The $800,000 3.8 million aggregate economic value of the Restricted Stock Units and Stock Options to be awarded under the Executive LTIP shall be determined in the good faith judgment of the Compensation Committee of the Board taking into account the requirements set forth in (A) and (B) below.
Appears in 1 contract
Samples: Employment Agreement (Mirant Corp)
Emergence Equity Grant. The Company shall grant Executive a combination of restricted stock units (“Restricted Stock Units”) that are to be settled in common stock of the Company (“Common Stock”) and options to purchase Common Stock (“Stock Options”) with an aggregate economic value of $800,000 12 million (such grant of Restricted Stock Units and Stock Options are together referred to as the “Executive LTIP”). The $800,000 12 million aggregate economic value of the Restricted Stock Units and Stock Options to be awarded under the Executive LTIP shall be determined in the good faith judgment of the Compensation Committee of the Board taking into account the requirements set forth in (A) and (B) below.
Appears in 1 contract
Samples: Employment Agreement (Mirant Corp)
Emergence Equity Grant. The Company shall grant Executive a combination of restricted stock units (“Restricted Stock Units”) that are to be settled in common stock of the Company (“Common Stock”) and options to purchase Common Stock (“Stock Options”) with an aggregate economic value of $800,000 .1.1 million (such grant of Restricted Stock Units and Stock Options are together referred to as the “Executive LTIP”). The $800,000 1.1 million aggregate economic value of the Restricted Stock Units and Stock Options to be awarded under the Executive LTIP shall be determined in the good faith judgment of the Compensation Committee of the Board taking into account the requirements set forth in (A) and (B) below.
Appears in 1 contract
Samples: Employment Agreement (Mirant Corp)
Emergence Equity Grant. The Company shall grant Executive a combination of restricted stock units (“Restricted Stock Units”) that are to be settled in common stock of the Company (“Common Stock”) and options to purchase Common Stock (“Stock Options”) with an aggregate economic value of $800,000 3.2 million (such grant of Restricted Stock Units and Stock Options are together referred to as the “Executive LTIP”). The $800,000 3.2 million aggregate economic value of the Restricted Stock Units and Stock Options to be awarded under the Executive LTIP shall be determined in the good faith judgment of the Compensation Committee of the Board taking into account the requirements set forth in (A) and (B) below.
Appears in 1 contract
Samples: Employment Agreement (Mirant Corp)
Emergence Equity Grant. The Company shall grant Executive a combination of restricted stock units (“Restricted Stock Units”) that are to be settled in common stock of the Company (“Common Stock”) and options to purchase Common Stock (“Stock Options”) with an aggregate economic value of $800,000 3.6 million (such grant of Restricted Stock Units and Stock Options are together referred to as the “Executive LTIP”). The $800,000 3.6 million aggregate economic value of the Restricted Stock Units and Stock Options to be awarded under the Executive LTIP shall be determined in the good faith judgment of the Compensation Committee of the Board taking into account the requirements set forth in (A) and (B) below.
Appears in 1 contract
Samples: Stock Option Award (Mirant Corp)