Common use of Initial RSU Award Clause in Contracts

Initial RSU Award. As a material inducement to Executive accepting employment with the Company, at the first Compensation Committee meeting following the Start Date, the Company will recommend that Executive be granted an award of restricted stock units having an aggregate grant date fair value of approximately $400,000.00 (the “Initial RSUs”). The Company will recommend that the Initial RSUs have a vesting commencement date of the fifteenth (15th) day of the third (3rd) month after the Start Date and will vest in approximately equal quarterly amounts over sixteen (16) quarters, subject to Executive’s continued service with the Company through each vesting date, with the first vesting date occurring on the three (3)-month anniversary of the vesting commencement date. All Initial RSUs will be subject to the terms and conditions of the Company’s 2014 Equity Incentive Plan and restricted stock unit agreement provided by the Company, which will control the Initial RSU grant, and both of which documents are incorporated herein by reference.

Initial RSU Award. As a material inducement to Executive accepting employment with the Company, at the first Compensation Committee meeting following the Start Date, the Company will recommend that Executive be granted an award of restricted stock units having an aggregate grant date fair value covering 150,000 shares of approximately $400,000.00 the Company’s common stock (the “Initial RSUs”). The Company will recommend that the Initial RSUs have a vesting commencement date of the fifteenth (15th) day of the third (3rd) month after the Start Date and will vest in approximately equal quarterly amounts over sixteen (16) quarters, subject to Executive’s continued service with the Company through each vesting date, with the first vesting date occurring on the three (3)-month anniversary of the vesting commencement date. All Initial RSUs will be subject to the terms and conditions of the Company’s 2014 2023 Equity Incentive Plan or such other equity incentive plan then-maintained by the Company and a restricted stock unit agreement provided by the Company, which will control the Initial RSU grantRSUs, and both of which documents are incorporated herein by reference.

Initial RSU Award. As a material inducement to Executive accepting employment with the Company, at the first Compensation Committee meeting following the Start Date, the Company will recommend that Executive be granted an award of restricted stock units having an aggregate grant date fair value covering 105,263 shares of approximately $400,000.00 the Company’s common stock (the “Initial RSUs”). The Company will recommend that the Initial RSUs have a vesting commencement date of the fifteenth (15th) day of the third (3rd) month after the Start Date and will vest in approximately equal quarterly amounts over sixteen (16) quarters, subject to Executive’s continued service with the Company through each vesting date, with the first vesting date occurring on the three (3)-month anniversary of the vesting commencement date. All Initial RSUs will be subject to the terms and conditions of the Company’s 2014 Equity Incentive Plan or such other equity incentive plan then-maintained by the Company and a restricted stock unit agreement provided by the Company, which will control the Initial RSU grantRSUs, and both of which documents are incorporated herein by reference.