Performance Based Grants. 1. To facilitate the carrying out of Part 2 of the Project, the Recipient, through DCI, shall make the proceeds of the Financing allocated from time to time to Category (3) available, on a non-refundable grant basis, to the First Participating Financial Intermediary and any other Participating Financial Intermediary as the Recipient may propose and the Association may agree, which has executed a Risk Sharing Agreement with IFC, all under Performance Based Grant Agreements, on terms and conditions satisfactory to the Association, including the right of the Recipient to:
Performance Based Grants. On November 13, 2015, the CCLG approved the grant to Employee of 93,750 performance-based restricted stock units (the “Performance-Based RSU Grant”) and a performance-based option to purchase 168,750 common shares of Lions Gate at a per-share exercise price equal to the closing price of a Lions Gate common share on the date of grant of the option (the “Performance-Based Option,” and together with the Performance-Based RSU Grant, the “Performance-Based Grants”). Each Performance-Based Grant shall be evidenced by and subject to the terms of an award agreement in the form generally then used by Lions Gate to evidence grants of that type under the Plan. Xx. Xxxxx Xxxxxxxxx November 13, 2015 (i) Vesting. Subject to Section 5(b)(ii) below, each Performance-Based Grant shall be eligible to vest as follows (each vesting date a “Performance Vesting Date”):
Performance Based Grants. Employee shall be granted, on the Effective Date and subject to approval by the CCLG, an award of 100,000 performance-based restricted stock units (the “Performance-Based RSU Grant”) and a performance-based option to purchase 175,000 common shares of Lions Gate at a per-share exercise price equal to the closing price of a Lions Gate common share on the date the option is granted (the “Performance-Based Option,” and together with the Performance-Based RSU Grant, the “Performance-Based Grants”). Each Performance-Based Grant shall be evidenced by and subject to the terms of an award agreement in the form generally then used by Lions Gate to evidence grants of that type under Lions Gate’s stock incentive plan.
Performance Based Grants. The Committee may provide in any Award for the restrictions on Restricted Stock to lapse upon the Company's attainment of performance-based goals established by the Committee. Any such Award may, but need not be, granted under and pursuant to the terms of this Section 6.6. In addition, the Committee may determine that any performance-based Award granted by the Committee before the adoption of this Amended and Restated Plan shall be treated as if granted under this Section 6.6, provided that the Award is modified so as to comply with the terms of this Section 6.6.
Performance Based Grants
