Document ID: 16162

Text:
by the Company hereunder (the Annual Equity Award). The Annual Equity Award shall have an aggregate target value, determined as of the applicable date(s) of grant, of approximately 70% of Employees Base Salary as in effect on date of grant for such Annual Equity Award (the Award Year). The amount and type(s) of equity award shall be determined by the Board (or a committee thereof) annually, in its sole discretion, but it is anticipated that the one- half of the Annual Equity Award shall consist of restricted stock units subject to time-based vesting (the Time RSUs) and one-half of the Annual Equity Award shall consist of restricted stock units subject to performance- based vesting (the Performance RSUs). The terms and conditions (including vesting) applicable to the Annual Equity Award shall be determined by the Board (or a committee thereof) annually, in its sole discretion, but it is anticipated that the Time RSUs shall vest in three substantially equal annual installments on the first, second and third anniversary of the applicable date of grant and the Performance RSUs shall cliff vest in full on the third anniversary of the applicable date of grant, subject to satisfaction of applicable performance condition(s) established by the Board (or a committee thereof), in its sole discretion, and communicated to Employee on such date of grant and set forth in the applicable award agreement. Notwithstanding the foregoing, Employee shall receive an Annual Equity Award for calendar year 2017 (the 2017 Guaranteed Annual Equity Award), which shall be granted in calendar year 2018 provided that Employee remains continuously employed by the Company from the Effective Date through the applicable date of grant, that shall consist of (i) Time RSUs with an aggregate value equal to approximately 17.5% of Employees Base Salary and (ii) Performance RSUs with an aggregate target value equal to approximately 17.5% of Employees Base Salary. In addition, Employee shall be eligible to receive an Annual Equity Award for the calendar year 2017 (the 2017 Performance Annual Equity Award) based on the achievement of performance targets established by the Board (or a committee thereof) related to the Companys budget and forecast in place sixty (60) days following the Effective Date, which shall be granted in calendar year 2018 provided that Employee remains continuously employed by the Company from the Effective Date through the applicable date of grant, that shall consist of (i) Time RSUs with aggregate value equal to approximately 17.5% of Employees Base Salary and (ii) Performance RSUs with aggregate target value equal to approximately 17.5% of Employees Base Salary. In each case, the 2017 Guaranteed Annual Equity Award and the 2017 Performance Annual Equity Award will be subject to the anticipated terms and conditions described above in this Section 3(e) for Annual Equity Awards generally.

Named Entities:
36
37
Percentage
95
97
Percentage
115
116
Shares
119
119
Ratio
139
140
Shares
267
268
Title
338
341
Percentage

Tokenized Text:
by
the
Company
hereunder
(
the
Annual
Equity
Award
)
.
The
Annual
Equity
Award
shall
have
an
aggregate
target
value
,
determined
as
of
the
applicable
date
(
s
)
of
grant
,
of
approximately
70
%
of
Employees
Base
Salary
as
in
effect
on
date
of
grant
for
such
Annual
Equity
Award
(
the
Award
Year
)
.
The
amount
and
type
(
s
)
of
equity
award
shall
be
determined
by
the
Board
(
or
a
committee
thereof
)
annually
,
in
its
sole
discretion
,
but
it
is
anticipated
that
the
one
-
half
of
the
Annual
Equity
Award
shall
consist
of
restricted
stock
units
subject
to
time-based
vesting
(
the
Time
RSUs
)
and
one-half
of
the
Annual
Equity
Award
shall
consist
of
restricted
stock
units
subject
to
performance
-
based
vesting
(
the
Performance
RSUs
)
.
The
terms
and
conditions
(
including
vesting
)
applicable
to
the
Annual
Equity
Award
shall
be
determined
by
the
Board
(
or
a
committee
thereof
)
annually
,
in
its
sole
discretion
,
but
it
is
anticipated
that
the
Time
RSUs
shall
vest
in
three
substantially
equal
annual
installments
on
the
first
,
second
and
third
anniversary
of
the
applicable
date
of
grant
and
the
Performance
RSUs
shall
cliff
vest
in
full
on
the
third
anniversary
of
the
applicable
date
of
grant
,
subject
to
satisfaction
of
applicable
performance
condition
(
s
)
established
by
the
Board
(
or
a
committee
thereof
)
,
in
its
sole
discretion
,
and
communicated
to
Employee
on
such
date
of
grant
and
set
forth
in
the
applicable
award
agreement
.
Notwithstanding
the
foregoing
,
Employee
shall
receive
an
Annual
Equity
Award
for
calendar
year
2017
(
the
2017
Guaranteed
Annual
Equity
Award
)
,
which
shall
be
granted
in
calendar
year
2018
provided
that
Employee
remains
continuously
employed
by
the
Company
from
the
Effective
Date
through
the
applicable
date
of
grant
,
that
shall
consist
of
(
i
)
Time
RSUs
with
an
aggregate
value
equal
to
approximately
17
.
5
%
of
Employees
Base
Salary
and
(
ii
)
Performance
RSUs
with
an
aggregate
target
value
equal
to
approximately
17
.
5
%
of
Employees
Base
Salary
.
In
addition
,
Employee
shall
be
eligible
to
receive
an
Annual
Equity
Award
for
the
calendar
year
2017
(
the
2017
Performance
Annual
Equity
Award
)
based
on
the
achievement
of
performance
targets
established
by
the
Board
(
or
a
committee
thereof
)
related
to
the
Companys
budget
and
forecast
in
place
sixty
(
60
)
days
following
the
Effective
Date
,
which
shall
be
granted
in
calendar
year
2018
provided
that
Employee
remains
continuously
employed
by
the
Company
from
the
Effective
Date
through
the
applicable
date
of
grant
,
that
shall
consist
of
(
i
)
Time
RSUs
with
aggregate
value
equal
to
approximately
17
.
5
%
of
Employees
Base
Salary
and
(
ii
)
Performance
RSUs
with
aggregate
target
value
equal
to
approximately
17
.
5
%
of
Employees
Base
Salary
.
In
each
case
,
the
2017
Guaranteed
Annual
Equity
Award
and
the
2017
Performance
Annual
Equity
Award
will
be
subject
to
the
anticipated
terms
and
conditions
described
above
in
this
Section
3
(
e
)
for
Annual
Equity
Awards
generally
.