First Modification to National CineMedia, Inc. 2018 Restricted Stock Agreement under 2016 Equity Incentive Plan
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Summary
This document modifies the 2018 Restricted Stock Agreement between National CineMedia, Inc. and the grantee, originally covering fiscal years 2018 to 2020. Effective February 28, 2021, the agreement is amended to remove the actual and target Free Cash Flow and Digital Revenue for fiscal year 2020 from the vesting calculations, while keeping the original vesting date unchanged. All other terms of the original agreement remain in effect.
EX-10.1 2 exhibit101-2018rsamodifica.htm FIRST MODIFICATION TO THE 2018 RESTRICTED STOCK AGREEMENT Document
Exhibit 10.1
FIRST MODIFICATION
TO THE
NATIONAL CINEMEDIA, INC.
2016 EQUITY INCENTIVE PLAN
2018 RESTRICTED STOCK AGREEMENT
Performance Period: Fiscal Year 2018 – Fiscal Year 2020
First Modification Effective February 28, 2021
The 2018 Restricted Stock Agreement, for the Performance Period Fiscal Year 2018 – Fiscal Year 2020 between National CineMedia, Inc. and Grantee (the “Agreement”) is modified as follows effective February 28, 2021. Capitalized terms not defined herein shall have the same meaning as in the Agreement.
The Vesting Schedule of Restricted Free Cash Flow Restricted Stock and Digital Revenue Restricted Stock contained in Section A. Notice of Grant in the Agreement is amended by removing the actual and target Free Cash Flow related to fiscal year 2020 and Digital Revenue for the purposes of determining the actual and target Free Cash Flow and Digital Revenue under the Agreement, subject to the Grantee’s continued Service through the Vesting Date. The Vesting Date will remain unchanged.
Except as set forth above, all provisions of the Agreement shall remain unaffected by this First Modification.
