Examples of Rollover Equity Awards in a sentence
The shares reserved for issuance in connection with the Rollover Equity Awards were previously registered on the Form S-4, but will now be subject to issuance pursuant to this Amendment.
The Rollover Equity Awards are subject to the Vivint Smart Home, Inc.
Holders of outstanding Rollover Equity Awards have the contingent right to receive earnout shares if, from the consummation of the Merger until the fifth anniversary thereof, the volume-weighted average price of Common Stock exceeds certain thresholds.
No transfer of any rights or obligations hereunder (including with respect to the contribution, transfer and delivery of the Rollover Contribution Shares and Rollover Equity Awards) shall be permitted without the consent of Parent, the Equity Providers and the Company.
The Equity Provider acknowledges and agrees that the provisions of Section 2 of the Merger Agreement shall not apply to the Rollover Equity Awards and that the consummation of the Merger in accordance with the terms of the Merger Agreement will not result in any accelerated vesting of the Rollover Equity Awards.
Following the closing of the Merger, holders of Vivint common stock and holders of Rollover Restricted Stock (as defined in the Merger Agreement) and outstanding Rollover Equity Awards (as defined in the Merger Agreement) will have the contingent right to receive, in the aggregate, up to 37,500,000 shares of Common Stock if, from the closing of the Merger until the fifth anniversary thereof, the dollar volume-weighted average price of Common Stock exceeds certain thresholds.
EarnoutFollowing the closing of the Merger, holders of Vivint common stock and holders of Rollover Restricted Stock (as defined in the Merger Agreement) and outstanding Rollover Equity Awards (as defined in the Merger Agreement) will have the contingent right to receive, in the aggregate, up to 37,500,000 shares of Common Stock if, from the closing of the Merger until the fifth anniversary thereof, the dollar volume-weighted average price of Common Stock exceeds certain thresholds.
Acknowledgement on one operator station shall be globally acknowledged and as such shown as Acknowledged on all operator stations.
Subject to Sections 3.1(b) and 12.2 the aggregate number of Shares which may be issued or transferred pursuant to Awards under the Plan is 19,042,226 less the number of Shares subject to any Rollover Equity Awards (as defined in the Business Combination Agreement).
The Registrant hereby amends the Form S-4 by filing this Amendment relating to 9,735,701 shares of Common Stock issuable upon the vesting, settlement and/or exercise of the Rollover Equity Awards pursuant to the terms of the Plan.