Retention Grant. In consideration of your commitments as outlined above, the Company will grant you an award of [number] restricted stock units of the Company on a date as determined by the Compensation Committee of the Board after your acceptance of this Agreement. These restricted stock units will be substantially on the terms of the form of restricted stock unit award agreement attached to this Agreement (the “Award Agreement”).
Retention Grant. On or promptly following the Effective Date, the Company will issue Executive a restricted stock award (the “Retention Grant”) under the LTIP of the number of shares of Company common stock determined by dividing $500,000 by the closing price of the Company common stock on the grant date as reported on the New York Stock Exchange (rounded down to the nearest whole share). The Retention Grant shall vest 100% on December 15, 2015 if Executive remains employed hereunder on such date.
Retention Grant. At the time the Board selects a permanent Chief Executive Officer or permanent co-Chief Executive Officer’s (regardless of who is selected), or the first business day following the end of the blackout period which covers January 1, 2012, whichever occurs first, Xxxxx shall be granted an additional fifteen thousand (15,000) non-qualified stock options at an exercise price equal to the closing price on the grant date (the “Retention Grant”).
Retention Grant. Within thirty (30) days following the Effective Date, (i) the Company shall pay the Executive $4,600,000 in cash and (ii) the Executive shall be granted under the terms of American Realty Capital Properties, Inc. (the “Parent”) Equity Plan (the “Equity Plan”) a number of restricted shares of the common stock, par value $0.01, of Parent (the “Parent Stock”) equal in value to $3,200,000 (the “Retention Grant”). Except as set forth in Section 6, the Retention Grant will vest in three (3) equal installments on each of the first, second and third anniversaries of the Effective Date.
Retention Grant. As soon as administratively practicable in December 2015 following the Signing Date, the Company will grant Executive restricted shares of the Company’s common stock valued at $5 million, with the number of shares to be determined by dividing $5 million by the average closing sales price of the Company’s common stock for the thirty trading days prior to the grant date restricted shares of the Company’s common stock (the “Retention Grant”). The Retention Grant shall vest in full on December 31, 2019, provided that Executive remains employed by the Company as of such vesting date. The terms and conditions of the Retention Grant will be governed by and conditioned upon the execution of a separate restricted stock agreement between Executive and the Company, which agreement will include provisions consistent with the parameters for the Retention Grant described above.
Retention Grant. Within thirty (30) days following the Effective Date, (i) the Company shall pay the Executive $750,000 in cash and (ii) the Executive shall be granted, subject to the approval of the Board, under the terms of American Realty Capital Properties, Inc.’s (the “Parent”) Equity Plan (the “Equity Plan”) a number of restricted shares of the common stock, par value $0.01, of Parent (the “Parent Stock”) equal in value to $750,000 (the “Retention Share Grant”). Except as set forth in Section 6, the Retention Share Grant will vest in three (3) equal installments on each of the first, second and third anniversaries of the Effective Date.
Retention Grant. You will be granted, subject to the approval of the Board of Directors of the Company (or its Compensation Committee), under the terms of the Company’s Equity Plan, and within three (3) business days after the Company becomes current in its filings with the SEC and has an effective Form S-8 available for such grant, a number of restricted shares or units of the common stock, par value $0.01, of the Company (the “Common Stock”) equal in value on the date of grant to $200,000 (the “Retention Grant”). Subject to your continued service, other than as set forth below, (i) fifty percent (50%) of the Retention Grant will vest in four (4) equal installments on each of the first, second, third and fourth anniversaries of the Effective Date and (ii) the remaining fifty percent (50%) of the Retention Grant will vest in four (4) equal installments on each of the first, second, third and fourth anniversaries of the Effective Date, subject to the Company’s Common Stock achieving a trading price of at least $10.00 per share for twenty (20) consecutive trading days prior to December 31, 2017.
Retention Grant. Subject to and conditioned upon both the approval of the Compensation Committee and the execution of this Agreement, on or before February 19, 2019, the Corporation shall grant to the Executive a time‑based cash award of $2,000,000, which award shall vest in full on the third anniversary of the date of the grant and shall otherwise be granted upon the terms, and subject to the conditions, of the award agreement evidencing the grant and approved by the Compensation Committee.
Retention Grant. Within thirty (30) days following the date hereof, you will be granted, subject to the approval of the Board of Directors of the Company (or its Compensation Committee), under the terms of the Company’s Equity Plan, a number of restricted shares or units of the common stock, par value $0.01, of the Company (the “Common Stock”) equal in value to $200,000 (the “Retention Grant”). The number of shares of Common Stock to be granted under the Retention Grant will be determined based on the closing price of the Common Stock on the last trading day immediately prior to the grant date, such price to be rounded down to the nearest amount as will provide for the grant or purchase of a whole number of shares. Subject to your continued service, other than as set forth below, (i) fifty percent (50%) of the Retention Grant will vest in four (4) equal installments on each of the first, second, third and fourth anniversaries of the Effective Date and (ii) the remaining fifty percent (50%) of the Retention Grant will vest in four (4) equal installments on each of the first, second, third and fourth anniversaries of the Effective Date, subject to the Company’s Common Stock achieving a trading price of at least $10.00 per share for twenty (20) consecutive trading days prior to December 31, 2017.
Retention Grant. On the Effective Date, as an inducement for Employee’s continued employment, the Company will grant Employee an option to purchase 471,400 shares of Common Stock, which option shall be issued pursuant to a conditional grant, subject to receiving required shareholder approval and shall be subject to the terms and conditions set forth in this Agreement, the applicable equity compensation plan from which it was issued, if any, and a stock option agreement to be entered by the Company and the Employee to evidence such grant, the form of which has been made available to Employee prior to the Effective Date (the “Option Agreement” and such grant the “Option Award”). Upon receiving shareholder approval, as a condition to the Option Award, Employee will forfeit the Prior Inducement Grant, in its entirety, without giving effect to whether the Prior Inducement Grant is vested or unvested. In the event of a conflict between the Option Agreement or the applicable equity compensation plan from which it was issued, on the one hand, and this Agreement, on the other hand, with respect to the Option Award or any of the terms and conditions thereof, this Agreement shall control. The option subject to the Option Award shall have a term of ten (10) years from the date of grant and an exercise price equal to the closing trading price of the Common Stock on the Effective Date (or the prior closing price if the Effective Date is on a day that the trading markets are not open). The Option Award will be subject to vesting as follows: (i) 1/4 of the Option Award will vest on the Effective Date, and (ii) the balance of the Option Award will vest monthly over the following thirty six (36) months; provided, however, that Employee must be a Service Provider through the applicable vesting dates, and the Option Award shall be subject to accelerated vesting under certain circumstances in accordance with the provisions of Section 7 hereof. The Option Award shall be subject to the terms set forth in the Option Agreement, the terms of the plan under which it is issued, this Section 4(d), Section 7 hereof, and any other restrictions and limitations generally applicable to Common Stock of the Company or equity awards held by similarly situated Company executives that are imposed by law. Upon the occurrence of a Dilutive Event, the Option Shares will be increased by such number as required to make the percentage that the Option Shares (after giving effect to such increase) represent of the Post...
