JAMBA, INC. INDUCEMENT AWARD NOTICE OF GRANT OF RESTRICTED STOCK UNITS (NON-PLAN AWARD)
Exhibit 10.11
JAMBA, INC.
INDUCEMENT AWARD
NOTICE OF GRANT OF RESTRICTED STOCK UNITS
(NON-PLAN AWARD)
The Participant has been granted an award of Restricted Stock Units (the “Award”), which represents the right to receive on the applicable Settlement Date one (1) share of the common stock of Jamba, Inc. (the “Company”) for each Vested Unit, as follows:
| Participant: | ________ | Vesting Commencement Date: |
________ |
| Date of Grant: | ________
| ||
| Total Number of Restricted Stock Units: | _____, subject to adjustment as provided by the Restricted Stock Unit Agreement. | ||
| Settlement Date: | ________.
| ||
| Vested Units: | Vesting Schedule Number of Units Vesting Closing price of the Company’s common stock for 30 consecutive trading day period equals or exceeds $___ (during the time period of ________ to ________) _________ [Number of Units]
Closing price of the Company’s common stock for 30 consecutive trading day period equals or exceeds $___ (during the time period of ________ to ________) _________ [Number of Units]
Closing price of the Company’s common stock for 30 consecutive trading day period equals or exceeds $___ (during the time period of ________ to ________) _________ [Number of Units]
or [Insert alternative vesting schedule]
| ||
| Superseding Agreement: | None/_______________. To the extent that a Superseding Agreement is listed, to the extent that such Superseding Agreement provides for more beneficial vesting terms, then, notwithstanding anything in this Grant Notice or the Restricted Stock Unit Agreement to the contrary, the provisions of that Superseding Agreement shall govern. | ||
By their signatures below or by electronic acceptance or authentication in a form authorized by the Company, the Company and the Participant agree that the Award is governed by this Notice and by the Restricted Stock Unit Agreement. The Participant acknowledges that copies of the Restricted Stock Unit Agreement and the prospectus for this Award have been provided to the Participant. The Participant represents that the Participant has read and is familiar with the provisions of the Restricted Stock Unit Agreement, and hereby accepts the Award subject to all of its terms and conditions.
| JAMBA, INC. | PARTICIPANT | ||
| By: | |||
| Signature | |||
| Date | |||
| Address: | |||
| Address | |||
