Restricted Stock Terms and Conditions. Each KAR Restricted Stock Award shall be subject to the same terms and conditions as set forth in the original KAR Restricted Stock Award, except as set forth below. Each SpinCo Restricted Stock Award issued pursuant to this Section 4.02(d) shall be subject to the same terms and conditions as set forth in the related KAR Restricted Stock Award before the Effective Time, except as set forth below.
Restricted Stock Terms and Conditions. In accordance with a determination of the Board of Directors of Mindspeed Technologies, Inc., you have been awarded Restricted Stock pursuant to the Company’s Inducement Incentive Plan (the “Plan”). Capitalized terms used herein but not otherwise defined shall have the meanings assigned to such terms in the Plan. The Restricted Stock has been granted to you upon the following terms and conditions:
Restricted Stock Terms and Conditions. The terms and conditions of Grant 1 will be as follows: $300,000 of Restricted Stock will be granted, subject to the terms of Yuma’s Restricted Stock Plan, during the next annual compensation committee meeting, which is expected to occur on or about December 31, 2013. The valuation of Yuma for the purposes of Grant 1 will be $204 million (based on the "2012 Valuation"). Grant 1 will vest in equal increments over three years:
Restricted Stock Terms and Conditions. This Agreement confirms the issuance under and subject to the provisions of the ePlus inc. 2008 Non-Employee Director Long-Term Incentive Plan (the “Plan”) and the terms and conditions set forth herein (“Terms and Conditions”) to the above-named participant of Restricted Stock in lieu of cash compensation of such number of shares of common stock, $0.01 par value per share (the “Common Stock”), of the Company as set forth above. This Agreement merely evidences such issuance of Restricted Stock, and does not constitute property of any nature or type or confer any additional rights. This issuance is subject in all respects to the applicable terms of the Plan. A copy of the Plan (or related Prospectus delivered to you with this Agreement) may be obtained at no cost by contacting the Corporate Secretary at 00000 Xxxxxx Xxxxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxxx 00000.
Restricted Stock Terms and Conditions. The terms and conditions of the grant of restricted stock will be as follows: $525,000 of Restricted Stock (“Grant 1”) will be granted in a Restricted Stock Agreement pursuant to the Stock Plan during the next annual compensation committee meeting, which is expected to occur on or around December 31, 2014. The valuation of Yuma for Grant 1 will be $387,462,835 (based on the valuation in the Pyramid merger agreement entered into on February 6, 2014). Grant 1 will have a vesting period of 1/3, 1/3, 1/3 over three years. The initial first year of vesting will start on October 15, 2014 and will end on October 14, 2015. The second year of vesting will start on October 15, 2015 and will end on October 14, 2016. The third year of vesting will start on October 15, 2016 and will end on October 14, 2017.
Restricted Stock Terms and Conditions
