Emeritus Corporation Non-Employee Director Restricted Stock Award Notice under 2006 Equity Incentive Plan
Emeritus Corporation grants a restricted stock award to a non-employee director under its Amended and Restated 2006 Equity Incentive Plan. The award gives the director shares of company stock, which will vest and become fully owned by the director on the business day before the next annual shareholder meeting, provided the director remains in service until then. The agreement outlines the terms of the award, including vesting conditions and acknowledges that it supersedes any prior agreements on this subject.
Exhibit 10.4.4
NON-EMPLOYEE DIRECTOR EQUITY AWARD PROGRAM
UNDER
THE EMERITUS CORPORATION AMENDED AND RESTATED 2006 EQUITY
INCENTIVE PLAN
RESTRICTED STOCK AWARD NOTICE
Emeritus Corporation (the “Company”) hereby grants to you a Restricted Stock Award (the “Award”) for shares of the Company’s Common Stock under the Company’s Non-Employee Director Equity Award Program (the “Program”), which is administered under the terms of the Company’s Amended and Restated 2006 Equity Incentive Plan (the “Plan”). The Award is subject to all the terms and conditions set forth in this Restricted Stock Award Notice (the “Award Notice”) and in the Restricted Stock Award Agreement, the Program and the Plan, which are incorporated into this Award Notice in their entirety.
| Participant: | ||
| Grant Date: | ||
| Number of Restricted Shares Subject to the Award (the “Shares”): | ||
| Fair Market Value Per Share on Grant Date (Informational, for tax purposes): | ||
| Purchase Price (per Share): | ||
| Vesting Schedule: | The Award will become vested and no longer subject to forfeiture on the business day immediately prior to the first annual meeting of shareholders that occurs after the Grant Date (the “Vest Date”), subject to your continued service as a director through the Vest Date. | |
Additional Terms/Acknowledgement: You acknowledge receipt of, and understand and agree to, the Award Notice and the attached Restricted Stock Award Agreement. You further acknowledge that as of the Grant Date, the Award Notice, the Restricted Stock Award Agreement, the Program and the Plan set forth the entire understanding between you and the Company regarding the Award and supersede all prior oral and written agreements on the subject.
| EMERITUS CORPORATION | PARTICIPANT | |||||||
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| By: | Granger Cobb | Taxpayer ID: |
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| Title: | President and Chief Executive Officer | Address: |
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Attachment:
1. Restricted Stock Award Agreement
