Common use of Service-Based RSUs Clause in Contracts

Service-Based RSUs. On or as soon as practicable after the Effective Date, Executive shall be entitled to receive a grant of service-based restricted share units (“RSUs”) (or substantially similar award) covering a number of Shares equal to the quotient of (A) $800,000 divided by (B) the average closing price of a Share for the ten trading days immediately preceding the date of grant on the principal stock exchange on which it then trades (the “Service-Based RSUs”). Such Service-Based RSUs will, in general, vest subject to Executive’s continued employment with the Company in four substantially equal installments on each of the first four anniversaries of the date of grant, subject to terms and conditions set forth in the applicable award agreement.

Service-Based RSUs. On or as soon as practicable after the Effective Date, Executive shall be entitled to receive a grant of service-based restricted share units (“RSUs”) (or substantially similar award) covering a number of Shares equal to the quotient of (A) $800,000 300,000 divided by (B) the average closing price of a Share for the ten trading days immediately preceding the date of grant on the principal stock exchange on which it then trades (the “Service-Based RSUs”). Such Service-Based RSUs will, in general, vest subject to Executive’s continued employment with the Company in four two substantially equal installments on each of the first four second and third anniversaries of the date of grant, subject to terms and conditions set forth in the applicable award agreement.

Service-Based RSUs. On or as soon as practicable after the Effective Date, Executive shall be entitled to receive a grant of service-based restricted share units (“RSUs”) (or substantially similar award) covering a number of Shares equal to the quotient of (A) $800,000 2,950,000 divided by (B) the average closing price of a Share for the ten trading days immediately preceding the date of grant on the principal stock exchange on which it then trades (the “Service-Based RSUs”). Such Service-Based RSUs will, in general, vest subject to Executive’s continued employment with the Company in four substantially equal installments on each of the first four anniversaries of the date of grant, subject to terms and conditions set forth in the applicable award agreement.