New Hire Award. Subject to approval by the Company’s board, the Company will provide Executive a new hire award in the form of an equity grant of restricted stock units ("RSUs") in an amount equal to $6,000,000.00 (the "New Hire Award"). The New Hire Award will vest over four years, with 25% of the RSUs vesting on the first anniversary of the Executive’s Start Date and 1/16 of the RSUs vesting each quarter thereafter. The New Hire Award will be subject to the terms and conditions of the Company’s 2018 Equity Incentive Plan and the applicable agreement approved by the Company’s Board for the grant thereunder, which agreement will you be required to sign.
New Hire Award. As an additional inducement to the Executive to commence employment with the Company, the Company hereby agrees to grant an award of PSUs to the Executive as soon as practicable following the Effective Date, but in no event later than 90 days following the Effective Date (the “Initial PSUs”).
New Hire Award. As soon as administratively practicable following the Effective Date, the Executive will be granted an award of time-vesting RSUs (as defined in Section 12 below) with an initial aggregate award value of $6,000,000 on the date of grant (the “New Hire Equity Award”). The New Hire Equity Award will vest in equal annual installments over five years following the grant date, subject to the Executive’s continuous employment through the applicable vesting date. The New Hire Equity Award is subject to the Board’s approval and the Executive’s execution of an RSU award agreement with standard terms and conditions consistent with the terms of this Agreement;
New Hire Award. As further consideration for your joining the Company, and in recognition of your anticipated contribution to the Company, you will receive the following:
New Hire Award. Effective on the Commencement Date and in connection with Executive’s commencement of employment with the Company, the Company shall grant Executive a special equity inducement award equal to a number of shares of Restricted Stock equal to $5,000,000 divided by the closing price of a share of Company common stock (“Share”) on May 11, 2016, which shall vest 25% on December 31, 2016 and 75% in equal installments every six months through the third anniversary of the grant date subject to Executive’s continued employment (the “New Hire LTI Award”). Executive may satisfy any federal, state and local income, employment and other taxes required to be withheld by the Company in connection with the New Hire LTI Award and Annual LTI through the withholding of Shares.
New Hire Award. As further consideration for your joining the Company, and in recognition of the value of the long-term incentive and bonus you stand to forfeit with your current employer, an award of stock options with a grant date fair market value of $8,000,000 (as determined using standard Black-Scholes methodologies and otherwise in accordance with normal Company procedures for options granted to C-suite executives) (together, the “New Hire Option”). The New Hire Option will be granted as of the Effective Date and will vest in a single tranche on the fourth anniversary of the Effective Date. The terms and conditions for this award shall be in accordance with the Company’s standard grant provisions for similarly situated officers of the Company and as otherwise expressly stated below.
New Hire Award. At the same time that 2021 annual awards are made, a new-hire equity award (the “New Hire Award”) comprised of time‑based restricted stock units (the “RSUs”) with an initial value approximately equal to $1,800,000.
New Hire Award
