Restricted Stock Units and Other Equity Awards. (a) If Employee’s employment is terminated by the Company “without cause” or by Employee for “good reason” (as each term is defined below) during the Term, then upon Employee’s satisfaction of the Release Condition set forth in Section 7(b) below, any and all equity awards Employee holds on the date of such termination (other than any equity award granted after the Effective Date that expressly provides to the contrary) will vest on an accelerated basis as to that number of additional shares in which Employee would have otherwise been vested at the time of such termination had Employee completed an additional twelve (12) months of employment with the Company and had each applicable equity award been structured so as to vest in successive equal monthly installments over the vesting schedule for that award. In no event will the number of additional shares which vest on such an accelerated basis with respect to any particular equity award exceed the number of shares unvested under that award immediately prior to the date of such termination. Except as otherwise expressly provided in the agreement evidencing a particular restricted stock unit or other equity award or to the extent another issuance date may be required to comply with any applicable requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the shares of the Company’s common stock underlying the equity awards that vest on an accelerated basis in accordance with this Section 4(a) will be issued to Employee within the sixty (60)-day period following the date of Employee’s “separation from service” (as defined below) as a result of Employee’s termination “without cause” (as defined below) or Employee’s resignation for “good reason” (as defined below), provided the Release required of Employee pursuant to Section 7(b) has become effective and enforceable in accordance with its terms following the expiration of the applicable revocation period in effect for that Release. However, should such sixty (60)-day period span two taxable years, the issuance shall be effected during the portion of that period that occurs in the second taxable year.
Restricted Stock Units and Other Equity Awards. (a) Effective August 15, 2009, you will be awarded restricted stock units covering 50,000 shares of the Company’s common stock (the “RSU Award”). The RSU Award will be granted under the Company’s 2001 Stock Incentive Plan (the “Plan”) and will be subject to the standard terms and conditions set forth in the Plan and the Company’s standard form restricted stock unit agreement for employee awards under such Plan. Your RSU Award will vest, and the underlying shares will be issued, on August 15, 2012, subject to your continued employment with the Company through that date.
Restricted Stock Units and Other Equity Awards. (a) On February 15, 2011 (the “Grant Date”), Employee will be awarded restricted stock units covering 150,000 shares of the common stock (“Common Stock”) of United Online, Inc. (the “Initial RSU Award”). The Initial RSU Award will be granted under the United Online, Inc. 2010 Incentive Compensation Plan (the “Plan”) and will be subject to the standard terms and conditions set forth in the Plan and the standard form restricted stock unit agreement for employee awards under such Plan, including dividend-equivalent rights with respect to the shares covered by the Initial RSU Award. The Initial RSU Award will vest, and the underlying shares will be issued, in a series of successive equal annual installments over the Employee’s period of continued employment with the Company or any majority or greater owned subsidiary of United Online, Inc. in accordance with following service-vesting schedule:
