パフォーマンスベースの制限付き株式ユニットに関する賞与契約書
ワンスパン株式会社 2019オムニバス報酬プラン
この制限株式ユニットの賞与契約行われる
“契約」は2024年（以下「有効日」は、ワンスパン株式会社（以下「会社」は、署名ページに記載された個人との間で締結された 同意書 ここに（以下「期間bローン」という）Granteeは、本計画で表彰された従業員、取締役、またはコンサルタントを意味します。”).
セラーは、企業の発行済み株式資本の20%を表す株式を所有しています。、その他の個人を通じて、従業員、取締役、コンサルタント、およびその他の個人に利益提供を目的として、ワンスパン・インク2019オムニバスインセンティブプラン（修正版、以下、「プラン」）を管理しています。プラン」に会社の従業員、取締役、コンサルタント、およびその他の個人に利益を提供するために維持されています。
セラーは、企業の発行済み株式資本の20%を表す株式を所有しています。さらに、受取人の個人的な財務利益を会社の株主の利益とより一層一致させるために、会社は受取人に普通株式（以下定義されているもの）に関連する制限付き株式単位を授与することを承認しました。この授与は、計画書と本契約に含まれる制限、条件に拘束されます。
したがってこれらの前提およびここに記載された合意を考慮し、当事者は、ここに法的に拘束される意図で、以下のように合意する。
1.管理者は、選択した対象者に対して、制限株式ユニットの授与を認めることができ、その数量や条件などは管理者が決定するものとします。本契約の第IV条に基づき、会社はGranteeに対して、パフォーマンスベースの株主優先制限株式ユニット（以下「本契約」）を付与します。制限付き株式ユニット本発行会社の普通株式、株式1株当たり$0.001の割引価値を有する（以下「本契約」）について普通株式以下に示す 同意書 、この同意書およびプランに明記された条件に準拠して、本同意書およびプランに記載された条件に従います。この同意書に記載のない用語は、プランで定義された意味を持ちます。
2.制限株式ユニットのベストのタイミング。制限付き株式ユニットは、これに従って取得されます。 第2節.
(a)公演期間。獲得された制限付株式ユニットの数（獲得したRSU」）は、会社の取締役会の報酬委員会によって決定されるものとします（」委員会」）、その単独かつ絶対的な裁量により 別紙A ここに添付されています、開始された業績期間に委員会が設定した業績目標に対する会社の達成に基づいています 2024年1月1日 で終わります 2024年12月31日です (ザ・」公演期間」)。譲受人は、最初の権利確定日に獲得RSUの3分の1、2025年12月31日に獲得RSUの3分の1、2026年12月31日に獲得RSUの3分の1、2026年12月31日に獲得RSUの3分の1を権利確定するものとします（それぞれの日、a」権利確定日」)、いずれの場合も、該当する権利確定日まで譲受人が会社に引き続きサービスを提供することを条件とします。その」最初の権利確定日」は、(i) 委員会が会社を決定した日のうち遅い日になります
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パフォーマンス期間内のパフォーマンス目標に関する達成状況が、2025年2月28日までに発生することが予想されており、かつ効力発生日の最初の記念日の実現。パフォーマンス期間のパフォーマンス目標は、別紙に定義され、記載されています。 同意書 添付されている。疑義を避けるため、および 同意書、（I）パフォーマンス目標が目標レベルを少なくとも達成されず、Granteeが公定日まで会社に勤務しない場合、当該公定日および将来の公定日に実績化するはずだったすべての獲得したRSUは自動的に全額喪失され、本書で別段に規定されていない限り、利益RSU、および（II）パフォーマンス目標の目的のために使用される財務メトリクスは、会社が四半期決算発表や米国証券取引委員会への報告書で報告している類似メトリクスとは異なる定義と／または計算方法で定義される場合があります。
(b)パフォーマンス期間の満了前に会社取引となる変更が発生した場合、獲得RSUとして判定される制限株式ユニットの数は、目標（100％）のペイアウトレベルの制限株式ユニットの数であり、ここで、取引所に到達するまでのパフォーマンス期間中に elapsed した日数（x） と総日数（y） との比率に基づいて按分されます； 提供する, 、証券法1933年に基づく何らかの責任を決定するためには、登録声明書またはその一部である目論見書、または登録声明書またはその一部である文書に記載された記載事項は、当該有効期間以前に直前に開示された内容を更新または変更するものではない。、会社取引が資産の売却またはその他の直接的な対価受領につながらない場合、Grantee は、ここで規定された獲得RSUのベスティングに伴うそのような獲得RSUに関連する普通株式の代わりに、普通株式の株式を交換して直接利用するために、委員会によって決定された場合の会社取引によって会社が受け取ると見なされる提供物の価値（1）と、獲得RSUに関連して提供された普通株式の株式数（2）との積に等しい現金支払いを受け取るでしょう。この契約に基づく獲得RSUの数は実際のパフォーマンスに基づいて決定され、按分されることはありません。 セクション2(c) 明示的に述べると、変更が発生するのがパフォーマンス期間の終了後である場合、この合意の下での獲得 RSU の数は、実際のパフォーマンスに基づいて決定され、按分されずに減額されないでしょう。
(c)変更に直面したその後18か月以内、かつ何らかの取得日の前に、（x）被賞者の雇用が会社によって正当な理由以外で解雇されるか、（y）被賞者が正当な理由により会社を辞職し、かつ被賞者がその雇用終了後60日以内に条件に従って有効となる会社の標準的なクレーム解放書に署名することを条件として、この規定に従って決定されたその時点で未解消の取得済みのRSUの数は、その雇用終了の直後に解縺する。 第2節 その時点で未解消の取得済みRSUは、その雇用終了の直前に（およびそれに基づく）ただちに発生する。
(d)もしグランティによるコンパニーとのサービスが、パフォーマンス期間の満了前にグランティの死亡または会社による障害による解雇によって終了した場合、目標（100％）の支払いレベルに基づく制限付き株式ユニットの100％は、そのような死亡または発生時点に直前に（およびそれに依存して）確証付きでただちに実質的に付与されることになります
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会社による障害による解雇または（y）実行期間の終了後であり、いかなる付与日の前に、死亡または障害による会社による解雇により、SG取締役のサービスが終了した場合、それまでに存在する獲得RSUは、そのような死亡または会社による障害による解雇が発生する直前に直ちに（および有条件で）付与されます。以上の規定にもかかわらず、障害は、（A）故意の自己負傷または故意に自己誘発された病気に起因する場合、または（B）犯罪行為に従事している際に発生した傷害や疾病の場合には、適格とは見なされません。本契約の目的での障害の判定は、他の目的の障害の認定であると解釈されるべきではありません。
(e)Except as provided in this Agreement or in any other agreement between the Grantee and the Company or any of its Subsidiaries that is in effect as of the Effective Date, upon cessation of the Grantee’s service with the Company for any reason or for no reason (and whether such cessation is initiated by the Company, the Grantee or otherwise): (i) any Restricted Stock Units that have not, prior to such cessation, become vested shall immediately and automatically, without any action on the part of the Company or the Grantee, be forfeited, and (ii) the Grantee shall have no further rights with respect to those Restricted Stock Units (or the underlying shares of Common Stock).
(f)For purposes of this Agreement, service with the Company shall be deemed to include service with any Subsidiary of the Company for only so long as such entity remains a Subsidiary.
(g)For purposes of this Agreement, “Good Reason” has the meaning given to it in the employment agreement in effect as of the Effective Date between the Grantee and Company, including, for avoidance of doubt, the written notice, cure period, and resignation timing requirements applicable to a termination due to Good Reason under the employment agreement; provided, however, in the event the Grantee is not subject to an employment agreement as of the Effective Date or if an employment agreement in effect as of the Effective Date does not define “Good Reason” or a similar term, then “Good Reason” means, without the Grantee’s consent:
(i)The Company materially breaches the Company’s obligations under any employment, consulting, or other agreement between the Grantee and the Company (each, a “Company Agreement”), provided that a change in reporting relationship shall not be deemed a material breach;
(ii)A reduction in Grantee’s base salary below the base salary in effect during the immediately preceding year, unless such reduction is commensurate with and part of a general salary reduction program applicable to all senior executives of the Company;
(iii)A requirement that Grantee relocate Grantee’s primary place of work by more than 45 miles (including a requirement that Grantee work primarily at a Company office that is located more than 45 miles from the location of Grantee’s home office), provided that
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travel required in connection with the Grantee’s performance of Grantee’s duties will not be treated as a violation of this clause (iii); and
(iv)Any material diminution of Grantee’s authority, duties or responsibilities (provided that a diminution that results in Grantee having authority, duties, or responsibilities with respect to the business represented by the Company that are reasonably comparable to those in effect before the Change in Control shall not be treated as Good Reason);
provided, however, that, (a) Grantee has provided written notice describing such Good Reason in reasonable detail to the Company within 90 days of the initial occurrence of such Good Reason event, (b) the Company failed to cure such Good Reason within 30 days of receipt of such written notice from Grantee, and (c) Grantee’s resignation occurs within 60 days following the end of the cure period; provided, further, that in the case of clauses (ii) and (iv), an act or omission shall not constitute Good Reason if Grantee has incurred a Disability.
(h)For purposes of this Agreement, “Cause” and “Wrongful Act” mean:
(i)Grantee materially breaches Grantee’s obligations under any Company Agreement;
(ii)Grantee materially breaches Grantee’s obligations under the Company’s Code of Ethics and Conduct (or any successor thereto) or an established policy of the Company;
(iii)Grantee engages in conduct prohibited by law (other than minor violations), commits an act of dishonesty, fraud, or serious or willful misconduct in connection with Grantee’s job duties, or engages in unethical or immoral conduct that, in the reasonable judgment of the Committee, could injure the integrity, character or reputation of Company;
(iv)Grantee fails or refuses to perform, or habitually neglects, Grantee’s duties and responsibilities under any Company Agreement (other than on account of Disability), and continues such failure, refusal or neglect after having been given written notice by the Company that specifies what duties Grantee failed to perform and an opportunity to cure of 30 days;
(v)Subject to Section 10, use or disclosure by Grantee of confidential information or trade secrets other than in the furtherance of the Company’s (or its Subsidiaries’) business interests, or other violation of a fiduciary duty to the Company (including, without limitation, entering into any transaction or contractual relationship causing diversion of business opportunity from the Company or any of its Subsidiaries (other than with the prior written consent of the Board));
(vi)Grantee fails to reasonably cooperate with any audit or investigation involving the Company or its business practices after having been given written notice by the
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Company that specifies Grantee’s failure to cooperate and an opportunity to cure of ten days; or
(vii)Any other act or omission on the part of the Grantee that would constitute just cause for termination under applicable law.
(i)For purposes of this Agreement, “Disability” means a mental or physical impairment of Grantee that is expected to result in death or that has lasted or is expected to last for a continuous period of 12 months or more and that causes Grantee to be unable to perform his or her material duties for the Company and to be engaged in any substantial gainful activity, in each case as determined by the Company’s chief human resources officer or other person performing that function or, in the case of directors and executive officers, the Committee, whose determination shall be conclusive and binding. The determination of Disability for purposes of this Agreement shall not be construed to be an admission of disability for any other purpose.
3.Delivery of Common Stock Underlying Restricted Stock Units. Within 60 days after the vesting of any Restricted Stock Units (or such later date as may be required to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”)), the Company will issue or deliver, subject to the conditions of this Agreement, the shares of Common Stock in respect of the then-vested Earned RSUs to Grantee. Such issuance or delivery shall be evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company. The Company shall pay all original issue or transfer taxes and all fees and expenses incident to such issuance or delivery, except as otherwise provided herein. Prior to the issuance to Grantee of the shares of Common Stock subject to the Restricted Stock Units, Grantee shall have no direct or secured claim in any specific assets of the Company or in such shares, and will have the status of a general unsecured creditor of the Company.
4.Adjustments. In the event of any equity restructuring (within the meaning of Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation— Stock Compensation) that causes the per share value of shares of Common Stock to change, such as a stock dividend, stock split, spinoff, rights offering or recapitalization through an extraordinary dividend, the terms of this Agreement, including the number and class of securities subject hereto, shall be appropriately adjusted by the Committee. In the event of any other change in corporate capitalization, including a merger, consolidation, reorganization, or partial or complete liquidation of the Company, such equitable adjustments described in the foregoing sentence may be made as determined to be appropriate and equitable by the Committee to prevent dilution or enlargement of rights of the Grantee. The decision of the Committee regarding any such adjustment shall be final, binding and conclusive.
5.Rights as a Stockholder. The Grantee shall have no rights as a stockholder of the Company with respect to the shares of Common Stock subject to the Restricted Stock Units (including the right to vote) until the underlying Common Stock becomes vested pursuant to Section 2 and the Grantee becomes a stockholder of record with respect to such shares, except that the Grantee shall
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be entitled to receive dividend equivalents related to the Restricted Stock Units equal in amount to the dividends declared on the underlying shares of Common Stock that become vested pursuant to this Agreement. Dividend equivalent amounts shall accrue and be paid or distributed in cash at the same time the underlying shares of Common Stock are distributed to Grantee in accordance with Section 3.
6.Tax Consequences.
(a)The Grantee acknowledges that the Company has not advised the Grantee regarding the Grantee’s income tax liability in connection with the grant or vesting of the Restricted Stock Units, the dividend equivalents contemplated hereunder or the delivery of the Common Stock underlying the Restricted Stock Units. The Grantee has reviewed with the Grantee’s own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Agreement. The Grantee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Grantee understands that the Grantee (and not the Company) will be responsible for the Grantee’s own tax liability that may arise as a result of the transactions contemplated by this Agreement.
(b)As a condition precedent to the delivery of the shares of Common Stock upon the vesting of the Restricted Stock Units, the Grantee acknowledges and agrees that the Company may be required, under all applicable federal, state, local or other laws or regulations, to withhold and pay over as income or other withholding taxes (the “Required Tax Payments”) with respect to such shares of Common Stock. If the Grantee has not been given permission by the Company to advance the Required Tax Payments in cash, then the Company may, in its discretion, deduct any Required Tax Payments from any amount then or thereafter payable by the Company to the Grantee.
(c)The obligation to advance the Required Tax Payments by the Grantee shall by default take place by the Company withholding whole shares of Common Stock which would otherwise be delivered to the Grantee having an aggregate Fair Market Value, determined as of the applicable date, equal to the Required Tax Payments. Shares of Common Stock to be withheld may not have a Fair Market Value in excess of the minimum amount of the Required Tax Payments. Any fraction of a share of Common Stock which would be required to satisfy any such obligation shall be disregarded and the remaining amount due shall be paid in cash by the Grantee. No certificate representing a share of Common Stock shall be delivered until the Required Tax Payments have been satisfied in full.
7.Nontransferability of Award. The Grantee may not sell, pledge, assign, encumber, hypothecate, gift, transfer, bequeath, devise, donate or otherwise dispose of, in any way or manner whatsoever, whether voluntary or involuntary, any legal or beneficial interest in any of the Restricted Stock Units until the Restricted Stock Units become vested and settled in accordance with Section 2; provided, however, that the restrictions of this Section 7 shall not apply to any transfer (i) pursuant to applicable laws of descent and distribution or (ii) among Grantee’s family group; provided that such restrictions will continue to be applicable to the Restricted Stock Units
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after any such transfer and the transferees of such Restricted Stock Units have agreed in writing to be bound by the provisions of this Agreement. Grantee’s "family group" means Grantee’s spouse and descendants (whether natural or adopted) and any trust solely for the benefit of Grantee and/or Grantee’s spouse and/or descendants during Grantee’s lifetime.
8.Securities Laws. The Company may from time to time impose any conditions on the Restricted Stock Units or any underlying shares of Common Stock as it deems necessary or advisable to ensure that this Agreement and the Plan satisfies the conditions of Rule 16b-3 adopted under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), and otherwise complies with applicable rules and laws.
9.Recoupment of Award.
(a)If Grantee is currently an officer of the Company as defined in Rule 16a-1(f) under the Exchange Act (a “Section 16 Officer”), or is designated by the Company’s Board of Directors as a Section 16 Officer in the future, Grantee agrees and acknowledges that Grantee is (or will be upon designation as a Section 16 Officer, as applicable) bound by, and subject to, all of the terms and conditions of the Company’s Dodd-Frank Compensation Recoupment Policy (as may be amended, restated, supplemented or otherwise modified from time to time, the “Clawback Policy”). In the event of any inconsistency between the Clawback Policy and the terms of this Agreement or any employment agreement to which Grantee is a party, or the terms of any compensation plan, program or agreement under which any compensation has been granted, awarded, earned or paid, the terms of the Clawback Policy shall govern. In the event it is determined that any compensation or compensatory awards granted, earned or paid to Grantee must be forfeited or reimbursed to the Company pursuant to the Clawback Policy, Grantee will promptly take any action necessary to effectuate such forfeiture and/or reimbursement as determined by the Company.
(b)Notwithstanding anything in this Agreement to the contrary, if the Company’s Board of Directors determines that the Grantee’s Wrongful Act was a significant contributing factor to the Company having to prepare an Accounting Restatement, then in addition to any Erroneously Awarded Compensation recoverable from Grantee under the Clawback Policy, but without duplication thereof, all outstanding Restricted Stock Units will immediately and automatically be forfeited and the Grantee shall promptly repay to the Company any shares of Common Stock, cash or other property paid in respect of any Restricted Stock Units during the Recovery Period. As used in this paragraph, the terms Accounting Restatement, Erroneously Awarded Compensation, and Recovery Period have the meanings given to them in the Clawback Policy.
10.Protected Rights. Grantee understands that nothing contained in this Agreement limits Grantee’s ability to report possible violations of law or regulation to, or file a charge or complaint with, the Securities and Exchange Commission, the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the
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Department of Justice, the Congress, any Inspector General, or any other federal, state or local governmental agency or commission (“Government Agencies”). Grantee further understands that this Agreement does not limit Grantee’s ability to communicate with any Government Agencies or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other information, without notice to the Company. Nothing in this Agreement shall limit Grantee’s ability under applicable United States federal law to (i) disclose in confidence trade secrets to federal, state, and local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law or (ii) disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure.
11.Compliance with Section 409A. The Restricted Stock Units are intended to be exempt from or comply with Section 409A, and shall be interpreted and construed accordingly, and each payment hereunder shall be considered a separate payment. To the extent this Agreement provides for the Restricted Stock Units to become vested and be settled upon the Grantee’s termination of employment, the applicable shares of Common Stock shall be transferred to the Grantee or his or her beneficiary upon the Grantee’s “separation from service,” within the meaning of Section 409A. Notwithstanding any other provision in this Agreement, to the extent any payments hereunder constitute nonqualified deferred compensation, within the meaning of Section 409A, then (a) each such payment which is conditioned upon Grantee’s execution of a release of claims and which is to be paid or provided during a designated period that begins in one taxable year and ends in a second taxable year, shall be paid or provided in the later of the two taxable years, and (b) if Grantee is a specified employee (within the meaning of Section 409A) as of the date of Grantee’s separation from service, each such payment that is payable upon Grantee’s separation from service and would have been paid prior to the six-month anniversary of Grantee’s separation from service, shall be delayed until the earlier to occur of (i) the first day of the seventh month following the Grantee’s separation from service or (ii) the date of Grantee’s death.
12.General Provisions
(a)This Agreement and the Plan together represent the entire agreement between the parties with respect to the granting of the Restricted Stock Units and may only be modified or amended in a manner materially adverse to the Grantee in writing signed by both parties.
(b)Any notice, demand or request required or permitted to be given by either the Company or the Grantee pursuant to the terms of this Agreement must be in writing and will be deemed given (i) on the date and at the time delivered via personal, courier or recognized overnight delivery service, (ii) if sent via telecopier on the date and at the time telecopied with confirmation of delivery, (iii) if sent via email or other electronic delivery and receipt is confirmed, on the date and at the time received, or (iv) if mailed, on the date five days after the date of the mailing (which must be by registered or certified mail). Delivery of a notice by telecopy (with confirmation) or by email or other electronic delivery (with confirmation or receipt) will be permitted and will be considered delivery of a notice notwithstanding that it is not an original that is received. Any notice to Grantee under this
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Agreement will be made to Grantee at the address (or telecopy number, email or other electronic address, as the case may be) listed in the Company’s personnel files. If directed to the Company, any such notice, demand or request will be sent to the Corporate Secretary at the Company’s principal executive office, or such other address or person as the Company may hereafter specify in writing.
(c)The Company may condition delivery of certificates for shares of Common Stock subject to the Restricted Stock Units (or, if the shares are not certificated, the entry in the stock record books of the Company of the transfer to the Grantee of the shares of Common Stock) upon the prior receipt from Grantee of any undertakings which it may determine are required to assure that the certificates are being issued in compliance with federal and state securities laws.
(d)The Grantee has received a copy of the Plan and the Clawback Policy, has read the Plan and the Clawback Policy and is familiar with their terms, and hereby accepts the Restricted Stock Units subject to all of the terms and provisions of the Plan, as amended from time to time, the Clawback Policy and this Agreement. Pursuant to the Plan, the Board and the Committee are authorized to interpret the Plan and to adopt rules and regulations not inconsistent with the Plan as they deem appropriate. The Grantee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board or the Committee upon any questions arising under the Plan, the Clawback Policy and this Agreement.
(e)Subject to Section 7, neither this Agreement nor any rights or interest hereunder will be assignable by the Grantee, the Grantee’s beneficiaries or legal representatives, and any purported assignment in violation hereof will be null and void.
(f)Either party’s failure to enforce any provision or provisions of this Agreement will not in any way be construed as a waiver of any such provision or provisions, nor prevent that party thereafter from enforcing each and every other provision of this Agreement. The rights granted both parties herein are cumulative and will not constitute a waiver of either party’s right to assert all other legal remedies available to it under the circumstances.
(g)The grant of Restricted Stock Units hereunder does not confer upon the Grantee any right to continue in service with the Company.
(h)This Agreement shall be governed by, and enforced in accordance with, the laws of the State of Delaware, without regard to the application of the principles of conflicts or choice of laws.
(i)This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which together shall be deemed to be one and the same instrument. In the event that any signature to this Agreement is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file or picture format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such electronic
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facsimile signature page were an original thereof. The parties confirm that it is their wish that this Agreement may be executed by means of electronic signature.
(j)The parties hereto have expressly required that this Agreement and any other contract or document relating thereto be drafted in the English language. All other documents, notices and legal proceedings entered into, given or instituted pursuant to the Award, shall be drawn up in English. If the Grantee has received the Agreement or any other documents related to the Award translated into a language other than English, and if the meaning of the translated version is different than the English version, the English version shall control.
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[SIGNATURE PAGE TO AWARD AGREEMENT FOR PERFORMANCE-BASED RESTRICTED STOCK UNITS]
IN WITNESS WHEREOF, the parties have duly executed this Award Agreement intending it to be effective as of the first date written above.
ONESPAN INC.
By: ________________________________________
Name:
Its:
GRANTEE
Name:
Signature:
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Exhibit A
GRANTEE SPECIFIC INFORMATION:
| Grantee | Target $ USD | Grant Date | Target # of Restricted Stock Units | ||||||||
Performance Targets
The number of Earned RSUs, if any, will be dependent on the Company’s achievement of the Performance Targets as defined below:
The “Performance Targets” for the RSUs consist of the following metrics and weightings:
| Metric | Weighting | Awarded RSUs (Target Level) | ||||||
2024 AEBITDA | 50% | |||||||
| 2024 Rule of 40 Attainment | 50% | |||||||
For purposes of this Agreement, the Committee may make adjustments in its sole discretion to Performance Targets (including adjustments to the target and maximum achievement levels) or to the deemed achievement of Performance Targets to include, exclude or otherwise address the impact of any one or more of the following:
•mergers, acquisitions or divestitures;
•reorganizations;
•restructuring charges or transactions;
•extraordinary nonrecurring items; or
•other unexpected activities, developments, trends or events.
The Performance Target metrics shall be subject to a target and maximum achievement level and linear interpolation between the two performance levels as follows:
2024 AEBITDA | Earned RSUs as a percentage of Awarded RSUs | Target | Earned RSUs | ||||||||
Target | 100% | ||||||||||
Maximum | 125% | ||||||||||
2024 Rule of 40 Attainment | Earned RSUs as a percentage of Awarded RSUs | Target | Earned RSUs | ||||||||
Target | 100% | ||||||||||
Maximum | 125% | ||||||||||
12 | ||