IPO Grant. On the Effective Date, the Company shall grant the Executive an option (the “Option”) to purchase 1,014,493 shares of the Company’s Class A common stock, par value $.01 per share, and a grant of contractual rights in respect of 280,000 shares of the Company’s Class A common stock, subject to certain risks of forfeiture (the “Restricted Share Unit Grant”). The Option and the Restricted Share Unit Grants (collectively referred to as the “IPO Grant”) are awarded pursuant to, in accordance with and subject to, the terms and conditions of the New Equity Plan. The IPO Grant will be evidenced by appropriate award agreements to be entered into by Executive and the Company pursuant to the Plan (the “IPO Grant Agreements”).
IPO Grant. As of the IPO date, the executive shall receive a grant of 40,319 restricted stock units (“RSUs”) (the grant referred to herein as the “IPO Grant”). The RSUs will vest in four equal annual installments beginning on the one (1) year anniversary of the date of grant. The RSUs shall be granted pursuant, and subject to the terms and conditions of the US Federal Properties Trust, Inc. 2010 Equity Incentive Plan (the “Equity Incentive Plan”) and the RSU award agreement. For purposes of this Agreement the term “IPO” shall mean an initial public offering of the Company’s securities that is intended to provide the Company’s initial capital.
IPO Grant. On the Effective Date, the Company shall grant the Executive an option (the “Option”) to purchase shares of the Company’s Class A common stock, par value $.01 per share, and a grant of contractual rights in respect of shares of the Company’s Class A common stock, subject to certain risks of forfeiture (the “Restricted Share Unit Grant”), in each case having a value of $ , as determined by the Company in a manner consistent with the past practices of Parent and awarded pursuant to, and in accordance with and subject to, the terms and conditions of the New Equity Plan. The Option and the Restricted Share Unit Grant (collectively referred to as the “IPO Grant”) will be evidenced by appropriate award agreements to be entered into by Executive and the Company pursuant to the Plan (the “IPO Grant Agreements”).
IPO Grant. In connection with the consummation of an initial public offering of Common Stock (such initial public offering, the “IPO”), and subject to the Executive’s continued employment with the Company or any of its Affiliates under this Agreement at the time of the pricing of such IPO, vTv shall grant to the Executive a one-time IPO success grant of options (the “IPO Grant”) to acquire, at a price per share equal to the price per share at which shares of Common Stock are sold to the public in the IPO, a number of shares of Common Stock representing 0.35% of the outstanding shares of Common Stock, based on (1) the exchange for shares of Common Stock of all shares of Class B common stock, par value $0.01 per share, of vTv, together with corresponding units of membership interest in the Company; and (2) the number of shares of outstanding Common Stock indicated as outstanding following the IPO in the preliminary prospectus of vTv relating to the IPO that is initially printed for the “road show” conducted in connection with the IPO (the “Red Xxxxxxx Prospectus”), treating all shares of Common Stock issuable under the vTv Plan as not outstanding.
IPO Grant. As of the Effective Date, Executive shall receive a one-time equity incentive grant under the Equity Plan with a target grant date value of $250,000.00, as determined by the Board (or a committee thereof) in its discretion. Such grant will be comprised of 50% time-based vesting restricted stock units and 50% performance-based vesting restricted stock units, and will be subject to other terms and conditions as determined by the Board (or a committee thereof) consistent with this Agreement and set forth in an award agreement evidencing such grant.
IPO Grant. As of the IPO date, the executive shall receive a grant of Twenty Seven Thousand Seven Hundred and Ninety-Two (27,792) restricted stock units (“RSUs”) (the grant referred to herein as the “IPO Grant”). The RSUs will vest in four (4) equal annual installments beginning on the one (1) year anniversary of the date of grant. The RSUs shall be granted pursuant, and subject to the terms and conditions of the US Federal Properties Trust, Inc. 2010 Equity Incentive Plan (the “Equity Incentive Plan”) and the RSU award agreement. For purposes of this Agreement the term “IPO” shall mean an initial public offering of the Company’s securities that is intended to provide the Company’s initial capital.
IPO Grant. In connection with, and subject to the completion of, the Company’s IPO, if you remain employed until the completion of the IPO then, subject to the approval of the Compensation Committee, you will be granted an option to purchase Company Common Stock with a target cash value of approximately $808,000 (the “IPO Option Award”) under the Company’s 2015 Omnibus Equity Incentive Plan (the “Equity Plan”). The number of shares subject to the IPO Option Award will be determined by dividing the target value allocated to the IPO Option Award by the Black-Scholes value of a share of Company Common Stock on the date of grant. The exercise price for the IPO Option will be the initial public offering price per share of Company Common Stock. The IPO Option Award will be evidenced by, and subject to the provisions of, a stock option agreement in a form approved by the Compensation Committee for use with the Equity Plan. The IPO Option Award will vest as to 1/3 of the shares subject to the option on the one- year anniversary of the date of grant and as to 1/12 of the shares subject to the option quarterly thereafter, in each case subject to your continued employment through each vesting date. The Company may grant additional equity awards to you from time to time, which will be subject to the terms of the applicable equity compensation plan or arrangement in effect at the time of grant. The Compensation Committee will determine in its discretion whether you will be granted any such equity awards and the terms and conditions of any such awards in accordance with the terms of any applicable equity plan. You should be aware that you may incur federal and state income taxes as a result of your receipt or the 000 Xxxxxxxx Xxxxx · Xxxxx 000· Xxxxx, XX 00000· Tel: 000-000-0000· Fax: 000-000-0000 · Web: xxx.xxxxxxxxxx.xxx vesting of any equity compensation awards and it shall be your responsibility to pay any such applicable taxes.
IPO Grant. On or about the Effective Date, Parent shall grant Executive one or more equity incentive awards (each, an “IPO Grant”) under the Sterling Ultimate Parent Corp. 2021 Omnibus Incentive Plan as in effect on the date of grant ( the “Parent 2021 Incentive Plan”), with an estimated grant date fair value, as determined in good faith by the Board, of $20,000,000, to be granted 80% in the form of nonqualified stock options and 20% in the form of restricted stock of Parent, which awards shall be granted pursuant to the terms and conditions of notices of grant and award agreements substantially in the forms attached hereto as Exhibits A and B.
IPO Grant. In connection with the IPO, subject to the Executive Chairman’s continued services to the Company under this Agreement at the time of the pricing of such IPO, the Company shall grant to the Executive Chairman a one-time IPO success grant of options (the “IPO Grant”) to acquire a number of shares of the Company’s Class A common stock, par value $0.01 per share (“Common Stock”), with an aggregate Black-Scholes value of $250,000, such value to be determined by the Compensation Committee of the Board (the “Compensation Committee”) in its good faith discretion, and an exercise price per share of Common Stock equal to the fair market value of one share of Common Stock within the meaning of Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”).
