Award Letter definition
Examples of Award Letter in a sentence
Upon the Effective Date, (i) Executive shall be eligible to receive the new performance-based equity award described in Exhibit A attached hereto (the “New Market Cap PSU Arrangement’), and (ii) the performance-based equity award arrangement described in Exhibit B attached hereto shall replace in full the “Balance PSU Arrangement” described in Exhibit A to the 2024 Equity Award Letter (the “Modified Market Cap PSU Arrangement”).
In addition, from and after January 1, 2026, Executive shall be eligible to receive annual key performance indicator restricted stock unit (“RSU”) awards (“KPI Awards”) in accordance with Exhibit C attached hereto, which Exhibit C replaces in full the language regarding KPI Awards set forth in Exhibit A to the 2023 Equity Award Letter.