Deferred Stock Award. The Company hereby grants to you X,XXX deferred common stock units (each unit being equivalent to one share of the Company’s common stock, no par value (“Common Stock”) and referred to herein as a “Unit”, and collectively as “Units”). The Award is subject to the following vesting, distribution and other requirements:
Deferred Stock Award. The Company hereby grants to the Grantee a deferred stock award under the Plan, consisting of the right to receive shares of the Company’s common stock (“Shares”) upon the terms and conditions set forth in this Agreement.
Deferred Stock Award. The Company hereby grants to the Participant [___] Deferred Stock Units as of [Grant Date] (the “Grant Date”). Such number of Deferred Stock Units may be adjusted from time to time pursuant to Section 10(c) of the Plan.
Deferred Stock Award. The Committee is authorized to grant Deferred Stock Awards to any Eligible Person on the following terms and conditions:
Deferred Stock Award. The Company hereby grants to the Executive a deferred stock award under the Plan, consisting of the right to receive shares of the Company’s common stock (“Shares”) upon the terms and conditions set forth in this Agreement.
Deferred Stock Award. Subject to the conditions set forth in this Award Agreement, the Company grants to the Participant a Deferred Stock Award that entitles the Participant to receive two awards of Common Stock – a “First Stock Bonus” and a “Second Stock Bonus” (each a “Stock Bonus”). Each Stock Bonus shall be paid in Common Stock with a Fair Market Value on the applicable payment date of $[•], less the amount of any withholding taxes due any federal, state or local authority. The Participant shall become vested in the First Stock Bonus on January 1, 2018, which shall be paid on February 15, 2018 (the “First Payment Date”), and the Participant shall become vested in Second Stock Bonus on January 1, 2019, which shall be paid on February 15, 2019 (the “Second Payment Date”); provided that, notwithstanding the foregoing, the Participant shall become vested in, and paid, any remaining unpaid Stock Bonus upon the consummation of a Change in Control. For the avoidance of doubt, regardless of the vesting date, the shares of Common Stock to be paid to the Participant pursuant to the First Stock Bonus on the First Payment Date or, if applicable, upon a Change in Control, and pursuant to the Second Stock Bonus on the Second Payment Date or, if applicable, upon a Change in Control, shall have a Fair Market Value on such payment date of $[•], less the amount of any withholding taxes due any federal, state or local authority. Subject to the provisions of Section 2 hereof, the Participant shall only become vested in a Stock Bonus if the Participant is employed by the Company and has remained in continued compliance with Section 7 of the Employment Agreement through the applicable vesting date. Notwithstanding anything herein to the contrary, any fractional shares of Common Stock payable with respect to a Stock Bonus shall be eliminated on the date the Stock Bonus is paid by rounding-up.
Deferred Stock Award. The Company hereby grants to Grantee and Grantee hereby accepts, on the terms and conditions hereinafter set forth, the right (the “Award”) to receive _________________________ (___________) shares (“Shares”) of the Company’s Stock (as defined in Section 2 of the Plan) (the “Deferred Stock”) on the terms and conditions of the Plan and this Agreement, to be issued in three equal tranches as follows: • 1/3 of the Shares (“Tranche 1”) to be issued __________, 20__ (“Settlement Date 1”) • 1/3 of the Shares (“Tranche 2”) to be issued __________, 20__ (“Settlement Date 2”) • 1/3 of the Shares (“Tranche 3”) to be issued __________, 20__ (“Settlement Date 3”) Notwithstanding anything in this Agreement to the contrary, this grant shall be rescinded and no longer of any force or effect if the Grantee does not execute and return this Agreement to the Company by ___________, 20_.
Deferred Stock Award. As soon as practicable following your appointment as interim Chief Executive Officer of the Company, you shall be granted a Deferred Stock award, subject to the terms and conditions of the Turtle Beach Corporation 2013 Stock-Based Incentive Compensation Plan (as may be amended from time to time, the “Equity Plan”), and pursuant to the terms and conditions set forth in the written agreement evidencing the award by and between you and the Company. The terms of the Deferred Stock award shall provide that, among other things, in consideration for your services as interim Chief Executive Officer of the Company, you will receive shares of “Company Stock” (as defined in the Equity Plan) in an amount equal to $10,000 per month for each month that you serve as interim Chief Executive Officer of the Company during the Interim CEO Term, prorated for any partial month of service and calculated on a monthly basis by using the 30-day average of the closing prices of shares of Company Stock as reported on the Nasdaq Global Market immediately prior to and including the last calendar day of the applicable month of service. Notwithstanding anything to the contrary, such Deferred Stock shall not become vested or payable until the Company’s termination of the Interim CEO Term because a permanent replacement Chief Executive Officer is appointed. Shares of Deferred Stock that become vested and payable shall be delivered to you in shares of Common Stock within thirty (30) days following the vesting date, less the number of shares of Common Stock that the Company shall withhold in an amount that is sufficient to satisfy Federal, state, local, foreign or other applicable taxes (including your FICA or other applicable social tax obligation). 6.
Deferred Stock Award. In consideration of the Director’s services to the Company and for other good and valuable consideration, the Company shall, on the date set forth in Paragraph 4, issue to the Director ______ shares (the “Shares”) of the Company’s Common Stock, par value $.01 per share ( “Common Stock”). The number of Shares issuable to the Director pursuant to this Agreement shall be adjusted as set forth in Section 4.4 of the Plan and as set forth in Paragraph 3 below.
Deferred Stock Award. The Participant was awarded 826 deferred shares of the Common Stock (the “Deferred Shares”) under the Deferred Stock Program on the 2nd day of January 2007 (the “Award Date”).
