the Company terminates before the end of fiscal year 2027, Executive’s bonus amount for such
year shall be pro-rated based on the number of calendar days Executive was employed with the
Company during such fiscal year over the total number of calendar days in such fiscal year.
(c)Sign-On Equity Award. On or promptly following the Effective Date, the
Company will grant Executive a one-time sign-on grant of 600,000 Company stock units with
time/service-based vesting conditions (“RSUs”), with such number of shares subject to
adjustment for stock splits, reverse stock splits, and similar events as provided in the applicable
award agreement (the “Sign-On Award”). The RSUs subject to the Sign-On Award will be
scheduled to vest on a 3-year pro-rata basis, or 1/3rd each year. The Sign-On Award will be
granted under and subject to the Company’s 2021 Omnibus Equity Incentive Plan, and shall be
subject to such further terms and conditions as set forth in a written award agreement to be
entered into by the Company and Executive to evidence such award. Such award agreement
shall be in substantially the same form as used by the Company at the time of grant for granting
RSUs to the Company’s executive officers generally, except as appropriate to give effect to the
vesting provisions applicable to Executive pursuant to this Agreement.
(d)Annual Equity Awards. If Executive is employed by the Company when the
Company grants annual equity awards for fiscal year 2026 to its executive officers generally
(currently expected to occur in April 2026), the Company will also grant Executive annual equity
awards with a grant-date fair value of $3,750,000 in the aggregate, with the mix of awards, and
other terms and conditions of such awards, to be consistent with the Company’s annual equity
awards for fiscal year 2026 for its executive officers generally, and subject to rounding each
particular type of award to the nearest whole unit. If Executive is employed by the Company
when the Company grants annual equity awards for fiscal year 2027 to its executive officers
generally, the Company will also grant Executive annual equity awards in the ordinary course,
with the mix of awards, and other terms and conditions of such awards, to be consistent with the
Company’s annual equity awards for fiscal year 2027 for its executive officers generally, and
subject to rounding each particular type of award to the nearest whole unit. The grant-date fair
value of each equity award will be determined by the Company in accordance with its usual
equity award valuation methodologies. Each RSU, RSU with additional performance-based
vesting requirements (“PSU”), stock option or other equity award granted by the Company to
Executive will be granted under and subject to the Company’s 2021 Omnibus Equity Incentive
Plan (as in effect from time to time, or similar successor equity incentive plan of the Company),
and shall be subject to such further terms and conditions as set forth in a written award
agreement to be entered into by the Company and Executive to evidence such award. Each such
award agreement shall be in substantially the same form as used by the Company at the time of
grant for granting that particular type of award to the Company’s executive officers generally,
except as appropriate to give effect to the vesting provisions applicable to Executive pursuant to
this Agreement.
5.Reimbursement of Expenses
During the Term of Employment, the Company will promptly reimburse Executive (or
pay directly) for reasonable and documented travel, entertainment and other expenses reasonably