Common use of Performance-Based Equity Clause in Contracts

Performance-Based Equity. Following commencement of employment, the Company will recommend to the Board that Executive be granted a performance-based restricted stock unit (“PSU”) award with a target value of $2,000,000. The PSU award will be a multi-year award tied to Company performance targets. The PSU award will be subject to the terms and conditions of the Company’s 2015 Plan, as described in the 2015 Plan and the applicable 2015 equity award agreement, as well as the terms of the Company’s Clawback Policy.

Performance-Based Equity. Following commencement of employmentOn or around the Effective Date, the Company will recommend to the Board that Executive be granted a performance-based restricted stock unit (“PSU”) award awards with a target value of $2,000,0001,500,000. The PSU award awards will be a multi-year award tied to awards conditioned on the achievement of certain Company performance targets. The PSU award awards will be subject to the terms and conditions of the Company’s 2015 Plan, as described in the 2015 Plan and the applicable 2015 equity award agreementagreements, as well as the terms of the Company’s Clawback Policy.