One-Time Equity Award. In recognition of your performance as CEO and your generous waiver of your equity awards in 2021, the Board hereby grants a one-time equity award of 30,000 Restricted Stock Units, effective on the date hereof, with 10,000 shares to be vested on January 1, 2023, 10,000 shares to be vested on June 30, 2023, and 10,000 shares to be vested on December 31, 2023, provided, however, that upon your involuntary departure from the Board, all such shares shall immediately vest. • You will serve as Executive Chairman until December 31, 2023 or your earlier removal or resignation. • The Board of Directors of the Company will nominate you for election to the Board at the 2023 Annual Meeting of Shareholders. • The Company may withhold from any amounts payable to you hereunder all federal, state, city or other taxes or deductions that the Company reasonably determines are required to be withheld pursuant to any applicable law or regulation. If this document correctly sets forth our agreement on the subject matter hereof, please sign and return to the Company the enclosed copy of this agreement which will then constitute our agreement on this matter. Sincerely, ALPHA METALLURGICAL RESOURCES, INC. By: /s/ Xxxxx X. Xxxxxxxxx Xxxxx X. Xxxxxxxxx Executive Vice President, Chief Administrative Officer, General Counsel & Secretary ACKNOWLEDGED AND ACCEPTED as of this 18th day of November, 2022 /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx
One-Time Equity Award. On April 1, 2019, Executive will be granted a number of shares of restricted stock of the Company equal to $780,000 divided by the closing stock price of the Corporation on such date (the “Time-Based Restricted Stock”), pursuant to the Company’s Omnibus Incentive Compensation Plan and subject to the terms of the applicable award agreement approved by the Compensation Committee. The Time-Based Restricted Stock shall vest one-third on each of April 1, 2020, April 1, 2021 and April 1, 2022. Executive must retain ownership of his Time-Based Restricted Stock (net of shares withheld for taxes, if shares are withheld to pay applicable taxes) until the termination of Executive’s employment.
One-Time Equity Award. On such date set forth on Exhibit A, the Executive shall be granted an one-time Equity Award, in consideration of entering into this Agreement and foregoing certain compensation from his prior employer, for a number of shares of Common Stock having a fair market value as of the date of grant of $2,000,000 in the form of restricted shares or restricted share units (the “One-Time Equity Award”). The One-Time Equity Award shall vest based on continued employment in equal installments on each of the first three anniversaries of the Commencement Date. The One-Time Equity Award shall include Dividend Rights and shall otherwise be subject to the terms set forth in the applicable award agreement.
One-Time Equity Award. Within thirty (30) days following the Effective Date (or, in event of a blackout, on the second (2nd) trading day following end of such blackout), the Company shall grant Executive restricted stock units in respect of 233,755 shares of TCBI Common Stock (“One-Time Equity Award”), which number of shares shall be subject to adjustment in accordance with Article 11 of the 2015 LTI Plan in the event a capital event described in such Article 11 occurs prior to the date of grant. Such One-Time Equity Award shall be subject to time-based vesting and shall xxxxx xxxx on the third (3rd) anniversary of the grant date, subject to Executive’s continued employment through such date; provided, however, that such One-Time Equity Award will continue to vest without forfeiture on its existing terms following Executive’s retirement, provided Executive does not become employed or otherwise associated with a Competitive Enterprise for the Restricted Period (each, as defined below). For purposes of such One-Time Equity Award, (w) “retirement” shall mean Executive’s resignation or termination from the Company from and after the time Executive attains age 57 with at least one (1) year of service with the Company, (x) termination by the Company without Cause or by the Executive for Good Reason shall constitute “retirement” for purposes of such One-Time Equity Award (for clarity, regardless of Executive’s age or years of service at the time of such termination), (y) such One-Time Equity Award shall immediately vest upon Executive’s death or termination due to Total and Permanent Disability (as defined in the 2015 LTI Plan) and (z) such One-Time Equity Award shall immediately vest in the event Executive’s employment is terminated without Cause, for Good Reason or due to retirement following a Change in Control (as defined in the 2015 LTI Plan). In the event that Executive’s employment is terminated by the Company without Cause prior to the grant of the One-Time Equity Award, the amount of the cash severance payable to Executive shall be increased by the aggregate Fair Market Value (as defined in the 2015 LTI Plan) of • shares of TCBI Common Stock as of the date of such termination.
One-Time Equity Award. Executive shall receive a one-time equity award as set forth on Exhibit B (the “One-Time Equity Award”).
One-Time Equity Award. The Company granted Executive restricted stock units in respect of 233,755 shares of TCBI Common Stock (“One-Time Equity Award”) under the Company’s then 2015 Long Term Incentive Plan (2015 LTI Plan). Such One-Time Equity Award is subject to time-based vesting and shall xxxxx xxxx on the third (3rd) anniversary of the
One-Time Equity Award. As additional consideration for your service under this Agreement, within thirty (30) days following the Effective Date, Parent will grant you a number of restricted stock units (“RSUs”) of Parent as is determined by dividing $1,500,000 by the average per share closing price of a share of Parent’s Class A common stock during the twenty (20) trading days prior to and including the Effective Date. The RSUs will be subject to the terms and conditions of the Plan and the award agreement thereunder, which will provide that the RSUs will vest in full on the first anniversary of the Effective Date, subject to your continued employment with the Parent or any of its subsidiaries through such date.
One-Time Equity Award. The Executive shall be granted a one-time award of RSUs on January 4, 2016, which shall have a grant date fair value of $4,275,000 based on the closing price of the Company’s common stock on January 4, 2016, and shall vest in three equal annual installments on December 31, 2016, December 31, 2017 and December 31, 2018, subject to the Executive’s continued employment with the Company through the applicable vesting date. Each equity award granted to the Executive hereunder shall be subject to the terms and conditions of the plan pursuant to which it is granted and such other terms and conditions as are established by the Compensation Committee and set forth in the award agreement evidencing the grant of such award.
One-Time Equity Award. On the Effective Date, Executive will receive a one-time grant of stock options for shares of common stock of the Corporation with a grant date Black-Scholes value of $1,500,000 as determined by the Corporation (the “Sign-On Option Grant”), pursuant to the Corporation’s Omnibus Incentive Compensation Plan and subject to the terms of the applicable award agreement approved by the Compensation Committee, the form of which has been provided to Executive.
