Initial RSUs. “Initial RSUs” means the time-based restricted stock units granted under the AutoCo equity plan described in the Offer Letter.
Initial RSUs. On November 29, 2016, the Company granted Executive restricted stock units with a grant date fair value of Two Million dollars ($2,000,000) in respect of an aggregate of 135,869 shares of common stock of the Company (“Common Stock”) subject to, and in accordance with, the terms of an award agreement between the Company and Executive, in the form attached hereto as Exhibit B (the “Initial RSUs”).
Initial RSUs. Subject to approval by the Compensation Committee or a majority of the Company’s independent directors, on or reasonably promptly following the Effective Date, the Company shall grant the Executive an initial one-time award of 275,000 time-based restricted stock units (the “Initial RSUs”), which shall vest in substantially equal annual installments over three years from the vesting commencement date, subject to your continued employment with the Company through the applicable vesting date. Each Initial RSU represents the right to receive one share of the Company’s common stock upon vesting. The Initial RSUs shall be granted pursuant to the Company’s 2021 Stock Incentive Plan, as amended, which the Executive acknowledges and agrees is fair and reasonable consideration and consideration mutually agreed upon by the Executive and the Company (as described in the Restrictive Covenants Agreement (defined below and attached hereto as Exhibit A)).
Initial RSUs. On or promptly following the Effective Date, Executive shall be granted restricted stock units in respect of an aggregate of 1,000,000 shares of common stock of the Company (“Common Stock”) subject to, and in accordance with, the terms of an award agreement between the Company and Executive, substantially in the form attached hereto as Exhibit B (the “Initial RSUs”).
Initial RSUs. With thirty (30) days following the Effective Date, the Executive will receive a one-time award of RSUs (as defined below) covering a number of Shares having an aggregate value of approximately $1.5 million, determined in accordance with the Company’s standard practices (such RSUs, the “Initial RSUs”). The Initial RSUs will be subject to the terms and conditions of the applicable equity plan and award grant agreement.
Initial RSUs. Your “Initial RSUs” shall consist of RSUs with an aggregate fair market value (as of the grant date) of Three Million Five Hundred Thirty-Three Thousand Three Hundred Thirty-Three Dollars and Thirty-Three Cents ($3,533,333.33), which shall vest one fourth (1/4) on each of the first four anniversaries of your Employment Date.
Initial RSUs. Within 15 days after the Effective Date, Executive shall be granted under the Company’s 2020 Incentive Award Plan (“Plan”) that number of restricted stock units underlying the Company’s common stock (the “RSUs”), which represents 1.5% of the Outstanding Common Shares (as defined below) as of the date of the Public Announcement (as defined below) rounded down to the nearest whole share, provided that Executive is employed by the Company on the date of grant. Subject to Executive remaining as a “Service Provider” (as defined in the Plan) through the applicable vesting date, 1/12th of the total number of RSUs will vest and be settled on each quarterly anniversary of the Effective Date.
