Common use of Restricted Stock Unit Clause in Contracts

Restricted Stock Unit. As provided in the Employment Agreement, the Executive’s annual Restricted Stock Unit (“RSU”) is a target number of shares with a fair market value on the date of grant worth a minimum of $250,000 or such greater amount as may be provided to Executive in a written notice from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s RSU target for the 2022 fiscal year will be based on a grant value of $268,750. * * * * * Except as specifically expressed in this Notice, the Employment Agreement shall remain in full force and effect. To the extent there is any contradiction or inconsistency between the terms of this Notice and the terms of the Employment Agreement, the terms and intended effect of this Notice shall control. COMPENSATION COMMITTEE /s/ Xxxxxxx Xxxxx__________________________________ By: Xxxxxxx Xxxxx Chairman of the Compensation Committee /s/ Xxxxxx Xxxxxxxxx_____________________________ 12/17/21__________________________________

Appears in 1 contract

Samples: Meritage Homes CORP

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Restricted Stock Unit. As provided in the Employment Agreement, the Executive’s annual Restricted Stock Unit (“RSU”) is a target number of shares with a fair market value on the date of grant worth a minimum of $250,000 600,000 or such greater amount as may be provided to Executive in a written notice from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s RSU target for the 2022 fiscal year will be based on a grant value of $268,750650,000. * * * * * Except as specifically expressed in this Notice, the Employment Agreement shall remain in full force and effect. To the extent there is any contradiction or inconsistency between the terms of this Notice and the terms of the Employment Agreement, the terms and intended effect of this Notice shall control. COMPENSATION COMMITTEE /s/ Xxxxxxx Xxxxx__________________________________ By: Xxxxxxx Xxxxx Chairman of the Compensation Committee /s/ Xxxxxx Xxxxxxx Xxxxxxxxx_____________________________ 12/17/21__________________________________

Appears in 1 contract

Samples: Meritage Homes CORP

Restricted Stock Unit. As provided in the Employment Agreement, the Executive’s annual Restricted Stock Unit (“RSU”) is a target number of shares with a fair market value on the date of grant worth a minimum of $250,000 386,250 or such greater amount as may be provided to Executive in a written notice from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s RSU target for the 2022 2023 fiscal year will be based on a grant value of $268,750412,000. * * * * * Except as specifically expressed in this Notice, the Employment Agreement shall remain in full force and effect. To the extent there is any contradiction or inconsistency between the terms of this Notice and the terms of the Employment Agreement, the terms and intended effect of this Notice shall control. COMPENSATION COMMITTEE /s/ Xxxxxxx Xxxxx__________________________________ By: Xxxxxxx Xxxxx Chairman of the Compensation Committee /s/ Xxxxxx XxxxxxxxxXxxxxxxx Xxxxxxx_____________________________ 12/17/2102/23/23__________________________________

Appears in 1 contract

Samples: Meritage Homes CORP

Restricted Stock Unit. As provided in the Employment Agreement, the Executive’s annual Restricted Stock Unit (“RSU”) is a target number of shares with a fair market value on the date of grant worth a minimum of $250,000 675,000 or such greater amount as may be provided to Executive in a written notice from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s RSU target for the 2022 2023 fiscal year will be based on a grant value of $268,750725,000. * * * * * Except as specifically expressed in this Notice, the Employment Agreement shall remain in full force and effect. To the extent there is any contradiction or inconsistency between the terms of this Notice and the terms of the Employment Agreement, the terms and intended effect of this Notice shall control. COMPENSATION COMMITTEE /s/ Xxxxxxx Xxxxx__________________________________ By: Xxxxxxx Xxxxx Chairman of the Compensation Committee /s/ Xxxxxx XxxxxxxxxHilla Sferruzza_____________________________ 12/17/2102/22/23__________________________________

Appears in 1 contract

Samples: Meritage Homes CORP

Restricted Stock Unit. As provided in the Employment Agreement, the Executive’s annual Restricted Stock Unit (“RSU”) is a target number of shares with a fair market value on the date of grant worth a minimum of $250,000 600,000 or such greater amount as may be provided to Executive in a written notice from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s RSU target for the 2022 2023 fiscal year will be based on a grant value of $268,750650,000. * * * * * Except as specifically expressed in this Notice, the Employment Agreement shall remain in full force and effect. To the extent there is any contradiction or inconsistency between the terms of this Notice and the terms of the Employment Agreement, the terms and intended effect of this Notice shall control. COMPENSATION COMMITTEE /s/ Xxxxxxx Xxxxx__________________________________ By: Xxxxxxx Xxxxx Chairman of the Compensation Committee /s/ Xxxxxx Xxxxxxx Xxxxxxxxx_____________________________ 12/17/2102/22/23__________________________________

Appears in 1 contract

Samples: Meritage Homes CORP

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Restricted Stock Unit. As provided in the Employment Agreement, the Executive’s annual Restricted Stock Unit (“RSU”) is a target number of shares with a fair market value on the date of grant worth a minimum of $250,000 or such greater amount as may be provided to Executive in a written notice from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s RSU target for the 2022 2023 fiscal year will be based on a grant value of $268,750322,500. Exhibit 10.4 * * * * * Except as specifically expressed in this Notice, the Employment Agreement shall remain in full force and effect. To the extent there is any contradiction or inconsistency between the terms of this Notice and the terms of the Employment Agreement, the terms and intended effect of this Notice shall control. COMPENSATION COMMITTEE /s/ Xxxxxxx Xxxxx__________________________________ By: Xxxxxxx Xxxxx Chairman of the Compensation Committee /s/ Xxxxxx Xxxxxxxxx_____________________________ 12/17/2102/22/23__________________________________

Appears in 1 contract

Samples: Meritage Homes CORP

Restricted Stock Unit. As provided in the Employment Agreement, the Executive’s annual Restricted Stock Unit (“RSU”) is a target number of shares with a fair market value on the date of grant worth a minimum of $250,000 675,000 or such greater amount as may be provided to Executive in a written notice from the Committee. Accordingly, this is to provide notice to the Executive that Executive’s RSU target for the 2022 fiscal year will be based on a grant value of $268,750725,000. * * * * * Except as specifically expressed in this Notice, the Employment Agreement shall remain in full force and effect. To the extent there is any contradiction or inconsistency between the terms of this Notice and the terms of the Employment Agreement, the terms and intended effect of this Notice shall control. COMPENSATION COMMITTEE /s/ Xxxxxxx Xxxxx__________________________________ By: Xxxxxxx Xxxxx Chairman of the Compensation Committee /s/ Xxxxxx XxxxxxxxxHilla Sferruzza_____________________________ 12/17/21__________________________________

Appears in 1 contract

Samples: Meritage Homes CORP

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