RSU Grants. During the Employment Term, Executive shall be entitled to receive the following grants of restricted stock units (“RSUs”) with respect to shares of the Company’s common stock (“Shares”):
RSU Grants. Executive is eligible to receive additional performance grants of one million eight hundred eighty thousand dollars ($1,880,000.00) annually in RSUs, at the discretion of the Compensation Committee of Root, Inc. (the “Compensation Committee”), and subject to Executive meeting performance expectations for Executive’s role. Any such grants shall be governed by the Root, Inc. 2020 Equity Incentive Plan (the “Plan”), as may be duly amended from time-to-time by the Root, Inc. Board of Directors.
RSU Grants. The Executive shall be entitled to receive 32.175 restricted stock units (“RSUs”) in respect of the Common Units (as that term is defined in Holdings’ Limited Liability Company Agreement) of Holdings. The RSUs will be granted as of the Effective Date (or as soon as practicable thereafter) and one-half of such grant will vest on each of the next two anniversaries of the Effective Date. Upon termination of the Executive’s employment with the Company, the Executive will retain all unvested RSUs, unless the Executive’s employment is terminated for Cause (as defined below), in which case all unvested RSUs will be forfeited. All other terms of the RSU grants will be subject to the terms of the Company’s 2012 Amended and Restated Stock Incentive Plan.
RSU Grants. The Executive shall be entitled to receive RSUs in an amount equal to 4% of the outstanding Common Units (as that term is defined in the Company’s Limited Liability Company Agreement) of the Company as of the Effective Date. The RSUs will be granted as of the Effective Date (or as soon as practicable thereafter) and one-third (1/3) of such RSUs will vest on January 1, 2013. Another one-third (1/3) of the RSUs will vest on the date that is one year following the Effective Date, and the final one-third (1/3) of the RSUs will vest on the date that is two years following the Effective Date. Upon termination of the Executive’s employment with the Company, the Exceutive will retain all unvested RSUs, unless the Executive’s employment is terminated for Cause (as defined below), in which case all unvested RSUs will be forfeited.
RSU Grants. In connection with your actual commencement of employment with the Company, you will be granted the following awards of restricted stock units relating to Parent's common stock in accordance with the Francesca's Holdings Corporation 2015 Equity Incentive Plan (the “Plan”):
RSU Grants. As soon as reasonably practicable following the Closing, Parent shall grant restricted stock units (“RSUs”) with an aggregate value equal to the Restricted Stock Unit Value at the time of grant based on the Trading Price, to certain employees of the Company, such employees to be determined by the Company prior to the Closing in consultation with the Parent. The terms of the RSUs shall provide for, among other things, that 1/4 of the RSUs shall vest on the first four anniversaries of the Closing Date, subject to the grantee’s continued employment with the Sub or Parent.
RSU Grants. Executive will be granted, subject to the approval of the Compensation Committee of Root, Inc. (the “Compensation Committee”), an initial on-hire RSU grant of $16,000,000 (the “On-Hire Grant”) and an annual RSU grant of $8,000,000 (the “Annual Grant”). Any such grants shall be governed by the Root, Inc. 2020 Equity Incentive Plan (the “Plan”) and form of RSU Award Grant Notice and Award Agreement, each as may be duly amended from time-to-time by the Root, Inc Board of Directors. Subject to the foregoing, including Executive’s Continuous Service (as defined in the Plan) as of each such date, the On-Hire Grant and the Annual Grant will vest on the following schedule: one-quarter on the first anniversary of the grant date and the remainder quarterly thereafter. Executive will be eligible to receive an additional one-time grant in the discretion of the Compensation Committee with a grant date value of $4,800,000 in the form of a performance grant consistent with those awarded to the Chief Executive Officer and other executives in 2021. Executive will also be eligible to receive additional performance grants of $8,000,000 annually in RSUs, in the discretion of the Compensation Committee and subject to Executive meeting performance expectations for Executive’s role. Each of the On-Hire Grant and Annual Grant will be calculated by dividing the grant value by the unweighted average closing price of a share of Root, Inc. Class A common stock over the thirty consecutive trading day period immediately preceding the date of the grant with a grant date within 30 days of Executive’s first day of employment.
RSU Grants. Promptly following Executive’s commencement of employment, which will be January 6, 2016 (the “Start Date”), and as a material inducement to Executive’s employment by the Company, the Compensation Committee of the Board will grant Executive (i) an award of 200,000 restricted stock units (the “First RSU Award”) and (ii) an award of 560,000 restricted stock units (the “Second RSU Award”). The First RSU Award will be subject to vesting as follows: 100% of the shares under the First RSU Award will vest and be issuable on the second anniversary of the Start Date, subject to Executive’s continued service with the Company. The Second RSU Award will be subject to vesting as follows: 14/48ths of the shares under the Second RSU Award will vest and be issuable on February 20, 2017, 1/16th of the shares under the Second RSU Award will vest and be issuable on each of the next 11 of the Company’s standard quarterly vesting dates (May 20, August 20, November 20 and February 20) thereafter, and 1/48th of the shares under the Second RSU Award will vest and be issuable on February 20, 2020, subject to Executive’s continued service with the Company. Each of the RSU Awards will be governed in all respects by the Company’s 2015 Inducement Plan and the RSU award agreements attached as Exhibit A.
RSU Grants. Subject to Section 5(b) below, during the Interim Term, subject to approval by the Compensation Committee of the Board, for each month of service in either or both Interim Roles, the Company shall grant to the Executive ten thousand (10,000) fully-vested restricted stock units (“RSUs”) pursuant to the Company’s 2010 Incentive Award Plan (as may be amended, the “Plan”). The terms and conditions of each RSU grant shall be set forth in a separate award agreement in a form prescribed by the Company (each, an “RSU Agreement”), to be entered into by the Company and the Executive, which shall evidence the grant of RSUs. The RSUs shall be granted monthly in arrears, pro-rated for any partial month of service in either or both Interim Roles and governed in all respects by the terms and conditions of the Plan. For the avoidance of doubt, no additional RSUs shall be granted due to service in both Interim Roles and the RSU grants shall not be reduced due to service in only one Interim Role during any portion of the Interim Term.
RSU Grants. Pursuant to the prior written approval of the Compensation Committee of Company’s Board of Directors, as of the Effective Date, the Executive shall be granted (a) a Restricted Stock Unit award of 982,302 shares of Livongo Common Stock (the “RSU Award #1”) as set forth in the RSU Agreement evidencing such award which is attached hereto as Exhibit A (the “RSU #1 Agreement”), (b) a Restricted Stock Unit award of 1,964,603 shares of Livongo Common Stock (the “RSU Award #2”), as set forth in the RSU Agreement evidencing such award which is attached hereto as Exhibit B (the “RSU #2 Agreement”), and (c) a Restricted Stock Unit award of 322,500 shares of Livongo Common Stock (the “RSU Award #3”), as set forth in the RSU Agreement evidencing such award which is attached hereto as Exhibit C (the “RSU #3 Agreement,” and together with the RSU #1 Agreement and the RSU #2 Agreement, the “RSU Agreements”). The RSU Award #1, the RSU Award #2 and the RSU Award #3 shall be collectively referred to as the “RSU Awards”. The RSU Awards will be subject to the terms and conditions of Livongo Health, Inc. 2014 Stock Incentive Plan, as well as the vesting schedule and other terms and conditions of the respective RSU Agreements.
