Laureate Equity:鑑於您簽署本協議,您將收到一次性限制性股票單位(“RSU”)的股票授予,總授予日期價值爲5,000,000美元(“一次性限制性股票單位獎勵”). Such grant shall be made on January 2, 2025, subject to your continued employment with the Company through such date. The One-Time RSU Award will be subject to the terms and conditions of the Restricted Stock Units Notice and Agreement attached as 附錄 A. The number of RSUs granted will be determined based on the volume weighted average price per share of Laureate common stock on the NASDAQ during regular trading sessions (and excluding pre-market and after-hours trading) over the 30 consecutive trading days prior to and including the grant date.
Commencing with the Company’s regular annual equity grant cycle for fiscal year 2025 (i.e., commencing with the grant date occurring in or about February 2025), and continuing for each fiscal year thereafter during your period of employment, your target long term incentive equity grant date value will be equal to 350% of your Base Salary in effect as of the equity grant date. For example, if your Base Salary as of the equity
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grant date is $1,000,000 per annum, your target long term incentive equity grant will have an aggregate grant date value of $3,500,000.
In connection with the equity grants described in this letter agreement, you will be required to sign a Restricted Stock Units Notice and Agreement. With respect to your annual equity grants, the form of Restricted Stock Units Notice and Agreement will be consistent with the form used for other members of the Company’s executive team.
Benefits: You will be eligible for continued participation in standard Company benefits offered to the Company’s senior executives.
(ii) 在本信函協議中,「僱傭關係終止」一詞或類似語句應視爲與公司及其附屬公司和子公司意義下的「服務分離」相同。爲此,您與公司應採取所有必要步驟(包括關於您任何終止後服務的規定),以確保(A)本信函協議下的任何僱傭關係終止構成第409A條款意義下的「服務分離」,以及(B)該服務分離的發生日期應爲本信函協議所指的僱傭關係終止日期。
22. 爭議的解決. Any dispute or disagreement which shall arise under, or as a result of, or pursuant to or relating to, this Agreement shall be determined by the Administrator in good faith in its absolute and uncontrolled discretion, and any such determination or any other determination by the Administrator under or pursuant to this Agreement and any interpretation by the Administrator of the terms of this Agreement, will be final, binding and conclusive on all persons affected thereby. You agree that before you may bring any legal action arising under, as a result of, pursuant to or relating to, this Agreement you will first exhaust your administrative remedies before the Administrator. You further agree that in the event that the Administrator does not resolve any dispute or disagreement arising under, as a result of, pursuant to or relating to, this Agreement to your satisfaction, no legal action may be commenced or maintained relating to this Agreement more than twenty-four (24) months after the Administrator’s decision.
23. 標題. The headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.
24. 文件的電子交付. By your signing the Notice, you (i) consent to the electronic delivery of this Agreement, all information with respect to the Plan and the RSUs, and any reports of Laureate provided generally to Laureate’s stockholders; (ii) acknowledge that you may receive from Laureate a paper copy of any documents delivered electronically at no cost to you by contacting Laureate by telephone or in writing; (iii) further acknowledge that you may revoke your consent to the electronic delivery of documents at any time by notifying Laureate of such revoked consent by telephone, postal service or electronic mail; and (iv) further acknowledge that you understand that you are not required to consent to electronic delivery of documents.
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25. No Future Entitlement. By your signing the Notice, you acknowledge and agree that: (i) the grant of a RSU award is a one-time benefit which does not create any contractual or other right to receive future grants of RSUs, or compensation in lieu of RSUs, even if RSUs have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants and the terms thereof will be at the sole discretion of the Administrator; (iii) the value of the RSUs is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of the RSUs is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of the RSUs ceases when you cease to be an Eligible Individual, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of the RSUs; and (vii) no claim or entitlement to compensation or damages arises if the RSUs decrease or do not increase in value and you irrevocably release the Company from any such claim that does arise.