Initial Equity Award definition

Initial Equity Award means stock options, stock awards, restricted stock, restricted stock units, stock appreciation rights, or other awards based on or derived from the Stock which are authorized under this Plan for award to Non-Employee Directors under Section 6.1 of the Plan.

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Initial Equity Award means a one-time award of restricted stock units granted to a Non-Employee Director of Illumina upon first joining the Board of Directors. Initial Equity Awards vest over four years with 25% vesting annually on the anniversary of the grant date, provided that the Non-Employee Director continues to be a director on such date.

Initial Equity Award equals the amount of Restricted Stock Units equal to 1,000,000 shares of the outstanding Stock of the Company as of the date of this Agreement.

Examples of Initial Equity Award in a sentence

The Initial Equity Award shall be subject to the terms of the Red Rock Resorts, Inc.
The vesting of each Initial Equity Award is subject to Executive’s continued employment through the applicable vesting dates, and is subject to accelerated vesting in certain circumstances pursuant to Article 6 below.
The Initial Equity Award will be subject to the terms of the Plan and the applicable award agreement thereunder; provided that such award agreement shall have terms and conditions for Executive that are equivalent to those set forth in the award agreement for the Company’s Chief Executive Officer.
The Initial Equity Award will be subject to the terms of the Plan and the applicable award agreement thereunder.
Such termination shall have the same consequences as a termination without Cause under Section 6.4. For the avoidance of doubt, in addition to the provisions set forth in Section 6.4, any unvested Initial Equity Award granted under Section 3.4 as well as any unvested awards granted under Section 3.4 during Term of Employment shall immediately vest upon the termination date to the extent required under the terms of the Red Rock Resorts, Inc.
Such Initial Equity Award shall be granted immediately (and in no event more than 7 days after) the 2015 Annual Stockholder’s Meeting, currently scheduled to take place on October 28, 2015.
The Initial Equity Award shall consist of 50% restricted stock units and 50% performance-based restricted stock units; which awards shall be substantially consistent with the forms of award agreement attached as Exhibit B and Exhibit C hereto.
To the extent any shares of Stock are earned with respect to the Initial Equity Award in accordance with 4(c)(i), 50% of such shares shall vest on the last day of the calendar year to which such award relates and the remaining 50% shall vest on the last day of the subsequent calendar year, subject in all cases to the Executive’s continued employment through the applicable vesting date.
This Agreement, along with the award agreement evidencing the Initial Equity Award pursuant to Section 3.3, embody the entire agreement of the parties hereto respecting the matters within its scope.
Fifty percent (50%) of the Initial Equity Award shall be in the form of time-based vesting restricted stock units (the “Initial RSUs”) and the remaining fifty percent (50%) of the Initial Equity Award shall be in the form of performance-based restricted stock units (the “Initial PRSUs”).

More Definitions of Initial Equity Award

Initial Equity Award. On your Start Date you will be granted that number of restricted stock units equal to $1,000,000, divided by the trailing 5 day average of the closing prices of the Company’s common stock ending on the Start Date (the “Initial RSU Award”). The Initial RSU Award will vest, subject to your continued service with the Company over three years, with 50% vesting on the first anniversary of your Start Date and 25% on each of the following two anniversaries. All other terms of the Initial RSU Award will be consistent with the Company’s standard restricted stock unit award agreement used for making its annual long-term incentive grants. Legal, Financial & Tax Planning Assistance Accuride will reimburse you for reasonable and agreed upon legal fees incurred by you in connection with your seeking bonuses earned for 2010 from your prior employer. In addition, Accuride will reimburse you up to $15,000 for reasonable legal fees and other expenses incurred by you in connection with this letter agreement and all other agreements referenced herein. All such reimbursements shall be made in accordance with the Company’s normal expense reimbursement policies upon submission of proper documentation. You agree to timely submit such expenses for reimbursement and, if timely submitted, reimbursement payments shall be made as soon as administratively practicable following such submission, but in no event later than December 31st of the calendar year following the calendar year in which the expense was incurred. In no event shall you be entitled to any reimbursement payments after December 31st of the calendar year following the calendar year in which the expense was incurred.

Initial Equity Award means the combined award of (i) restricted stock units granted to Executive upon the commencement of his employment and (ii) the additional 50,000 restricted stock units to be granted to Executive on June 2, 2014, if Executive is still employed with the Company as of such date, or as otherwise approved by the Board of Directors.

Initial Equity Award shall have the meaning set forth in Section 4(c).

Initial Equity Award. On or about your first day of employment with Regis, you will receive an equity grant with a value of $291,000, which grant will be issued in the form of restricted stock units (“RSUs”). These RSUs will vest at the rate of one-third (1/3) of the total grant amount on each annual anniversary of the grant date, provided you are still employed with Regis on each applicable vesting date, subject to the other terms of the award agreement as referenced below. • Annual Long-Term Incentives: Commencing as of the Company’s fiscal year 2027, you will be eligible to receive annual long-term incentive awards, subject to approval by the Regis Board of Directors’ Compensation Committee. For fiscal year 2027, you will receive an annual long-term incentive award with a value of $1,000,000. Subsequent to fiscal year 2027, your annual long- term incentive award may be limited by the number of shares available under the share reserve approved by shareholders for equity compensation plans. • Terms of Equity Awards: Your long-term incentive awards you will have the same terms as comparable awards granted to the Company’s other executives officers, subject to the following, which will apply to your initial equity award and your annual long-term incentive awards for the first three years of your employment: (i) for awards that provide for pro-rated vesting upon retirement, retirement will be defined as any separation of service (other than by the Company for cause or due to death or disability) at or after age sixty-four (64), provided that you have commenced discussions with the Board regarding your potential retirement at least six (6) months in advance of such retirement, and (ii) the awards will provide pro-rated vesting upon any termination of your employment without cause within the first three years of your employment, with the foregoing terms defined as provided in the Company’s then- current equity compensation plan. Furthermore, the Company’s equity awards currently provide for full acceleration of unvested equity awards in the event of a termination without Docusign Envelope ID: B3D34808-EAC2-4F18-9B7F-5F76E8D47DFF