Common use of Equity Program Clause in Contracts

Equity Program. Executive will be recommended for an award of Restriced Stock Units (“RSUs”) under the Discovery Communications, Inc. 2013 Incentive Plan (the “Stock Plan”), within 90 days of Executive’s first day of employment. The recommended number of units will be calculated by dividing the target value of THREE MILLION DOLLARS ($3,000,000) by the closing price of Discovery Series A common stock. The award, which is subject to approval by the Compensation Committee, will vest over a period of four (4) years, in three (3) substantially equal installments beginning on the second anniversary of the date of grant. The award will be subject to the terms and conditions of the Stock Plan and the implementing award agreement. Beginning in 2019, Executive shall be considered for annual equity awards under Company’s standard process for similarly-situated senior executives.

Equity Program. Executive will be recommended for an award of Restriced Restricted Stock Units (“"RSUs”") under the Discovery Communications, Inc. 2013 Incentive Plan (the “"Stock Plan”"), within 90 days of Executive’s first day of employment. The recommended number of units will be calculated by dividing the target value of THREE MILLION DOLLARS ($3,000,000) 100,000 by the closing price of Discovery Series A common stock. The award, which is subject to approval by the Compensation Committee, will vest over a period of four (4) years, in three (3) substantially equal installments beginning on the second anniversary of the date of grant. The award will be recommended generally within 60 days following the end of the month of Executive’s execution of this Agreement. The award will be subject to the terms and conditions of the Stock Plan and the implementing award agreement. Beginning in 2019, Executive shall be considered for annual equity awards under Company’s standard process for similarly-situated senior executives.