Any award agreement applicable to the Grant will be consistent in all respects with the terms herein.īe eligible to receive in connection with certain terminate ons of your employment with Dropbox. If approved, the award will be scheduled to lapse in accordance with the following schedule: Twenty- five percent (25%) of the shares of RSAs will vest on the one (1)-year anniversary of the vesting commencement date, and one sixteenth (1/16th) of the shares of RSAs will vest on each quarterly vesting date thereafter, subject to your continuing to be a “service provider” through each such date, as that term is defined in the 2018 Equity Incentive Plan (“Plan”), and any acceleration provisions in the Plan or Severance Agreement (defined below). Further details on the equity plan and any specific award will be provided upon the aforementioned approval of the award. This award is further subject to the aforementioned approval and the promise to recommend the approval does not create an obligation for Dropbox to issue any equity to you.
We will recommend to the Dropbox Board of Directors (or its delegate) that you be awarded restricted stock (RSAs) with an approximate current value of $16,000,000.00 under Dropbox’s equity incentive plan, with the number of shares granted to be determined by the average closing price of Dropbox common stock for the prior month (the “Grant”).
0 kommentar(er)
