Performance Equity. Subject to approval by the Board, Executive shall be granted an option to purchase 200,000 shares of common stock of the Company (the “Performance Option”) with an exercise price equal to the fair market value of the common stock as of the date of grant. The Performance Option shall be subject to and governed in all respects by the terms of the governing equity plan documents and grant agreement(s) between Executive and the Company thereunder and shall be subject to a vesting schedule based upon the achievement of certain performance-based objectives of the Company as determined by the Board, subject to Executive’s continuous service through each such event.
Performance Equity. As of the Effective Date of this Agreement, the Employee shall be granted an award of 160,000 Restricted Stock Units, which units shall vest upon achievement of predefined performance milestones to be determined by the Company and agreed to by Employee and set forth in a separate Restricted Stock Unit Award Agreement. The parties have discussed tentative initial performance milestones, as listed in the attached Exhibit B and agree to finalize such milestones, which shall include but are not limited to that contained in Exhibit B, during the first 90 days of employment.
Performance Equity. The Company shall also recommend to the Committee and the Board a future equity-based grant to Employee of 100,000 RSUs, to be made effective as of the date the daily trading average price of shares of the Company’s common stock has been at least $12.50 for a period of twenty full consecutive trading days (such twenty-first day, the “Performance Equity Grant Date”). Subject to Employee’s continued employment with the Company, this grant of RSUs will fully vested immediately upon grant. All other terms and conditions of the RSUs granted pursuant to this Section 3(c) shall be set out in the Company’s 2014 Incentive Compensation Plan, as well as award agreement specifically relating to the RSU grant contemplated by this Section 3(c) (the “Performance Equity Award Agreement”).
Performance Equity. The Executive shall be granted options to purchase commonstock of the Company on the terms and subject to the conditions set forth as follows. Performance Milestones: Upon the share price reaching $5.00: 350,000 stock options exercisable at $2.50. Upon the share price reaching $10.00: 350,000 stock options exercisable at $2.50. Upon the share price reaching $15.00: 300,000 stock options exercisable at $2.50. These stock options will expire on the 10th anniversary of vesting.
Performance Equity. Performance Equity, LLC, a Colorado limited liability company, and its successors.
