Annual Performance Equity Grant

Annual Performance Equity Grant. Means the annual equity grant program in which the Participant participates as of the date of a Qualifying Termination. As of the Effective Date, the Annual Performance Equity Grant is an equity grant, subject only to time-based vesting, that reflects performance against pre-established goals in respect of the previous calendar year. Following the Effective Date, if executives at the Company no longer receive an annual equity grant as part of executive compensation, then the "Annual Performance... Equity Grant" shall be defined as the functional equivalent of such grant. 2 View More