Refresh Grants Sample Clauses

Refresh Grants. You will be considered for annual or periodic “refresh” equity awards at the same time as the other named executive officers, which will be subject to the terms and conditions of the Equity Plan and the grant agreements. Approval of the recommendation of any equity award is in the sole and unreviewable discretion of the Committee or its subcommittee, the Equity Award Committee (the “EAC”). Notwithstanding the foregoing, and solely with respect to the 2026 annual equity refresh cycle, on the date that the Board or the Committee grants 2026 annual refresh RSUs to the Company’s named executive officers (the “2026 Refresh Grant Date”), you will be granted (x) time-vesting RSUs with an approximate value of $1,750,000 vesting pursuant to the Standard 4-Year Vesting Schedule and (y) performance-vesting RSUs with an approximate value of $1,750,000 at “target” level achievement (“PSUs”), subject to the same terms and conditions, including performance metrics and vesting requirements, as any PSUs that may be granted to the Company’s other named executive officers in early 2026, subject to your Continued Service through the 2026 Refresh Grant Date.