To:
|
«FIRST_NAME» «LAST_NAME» «EMAIL_ADDRESS» Employee ID: «ID» |
|
Subject:
|
Restricted Stock Unit Grant |
Date of Grant:
|
XXX | |
Award Number:
|
«NUM» | |
Maximum Number of
Restricted Stock Units
Awarded:
|
«SHARES_GRANTED». | |
Each Restricted Stock Unit represents the right to receive one share of KLA-Tencor Corporation common stock upon the satisfaction of the applicable vesting requirements set forth below. | ||
Vesting Schedule:
|
The number of Restricted Stock Units in which you may actually vest shall be determined as follows: | |
(i) first, as soon as practicable following the completion of the audited financial statements for the Companys ___fiscal year, the Administrator shall determine the level at which the applicable performance goal for that year (as set forth in attached Schedule A) has been attained and on the basis of that assessment determine the specific number of Restricted Stock Units hereby awarded to you in which you will have the potential to vest based on your continuation in Service Provider status. Such number may range from 0 Restricted Stock Units (if less than threshold attainment of the performance goal is attained) to the maximum number of Restricted Stock Units set forth above (if attainment is at or above the maximum specified goal). The actual number shall be determined on the basis of the matrix (and linear interpolation) set forth in attached Schedule A. | ||
(ii) You shall vest in 50% of the number of Restricted Stock Units determined under subparagraph (i) upon your continuation in Service Provider status through ___. | ||
(iii) You shall vest in the remaining 50% upon your continuation in Service Provider status through ___. | ||
Vesting in your Restricted Stock Units will cease immediately upon your termination of Service Provider status for any reason, including pursuant to a reduction-in-force. |