Subsequent RSUs Sample Clauses

Subsequent RSUs. Beginning October 1, 2007, on the last business day of each month, if the Employment Period has not ended prior to that date, then the Executive will be granted a number of restricted stock units (the “Subsequent RSUs”) equal to $300,000 divided by the Fair Market Value of company stock on the date of grant. Each Subsequent RSU shall vest in two equal installments as follows: (A) 50% vesting on the 30 month anniversary of the applicable date of grant; and (B) 50% vesting on the 60 month anniversary of the applicable date of grant, if the Executive remains in the employ of the Company or serves as a Board member through each such date. The terms and conditions of the Subsequent RSUs shall be subject to the terms of the Incentive Plan and the award agreements evidencing the grant of the Subsequent RSUs. From October 1, 2007 until December 31, 2007, the award agreements for the Subsequent RSUs shall be in the form of the award attached hereto as Exhibit 2. After December 31, 2007, the award agreements for the Subsequent RSUs shall be in the form of the award attached hereto as Exhibit 4.