EX-10.1
from 10-Q
4 pages
nLIGHT Defense Systems, Inc. Proprietary & Confidential Initial Here Page 1 of 3 4/8/2024 Camille Nichols Dear Camille, nLIGHT Defense Systems, Inc. (“Nlight-Ds”) Is Pleased to Invite You to Join Our Team as a Full-Time Exempt Employee With a Minimum Number of Working Hours, as Defined in Our Employee Manual, of 40 Hours, Under the Following Initial Terms of Employment: Position: Interim President, nLIGHT Defense Systems, Inc. Base Salary: $250,000 Annualized Equity: 25,000 Rsus Reporting To: Scott Keeney Employee Status: Full-Time Regular, Not Eligible for Extra Effort Pay Location: Longmont, Co Start Date: April 8, 2024 End Date: Interim Position, No Later Than Dec. 31, 2024 This Offer Is Expressly Contingent on the Ability of the Employee to Obtain and Maintain a U.S. Department of Defense Secret Security Clearance and Contingent on Completion of a Satisfactory Background Check. Equity at the Next Quarterly Meeting Following Your Hire Date, We Will Recommend to the Compensation Committee of the Board of Directors of nLIGHT (“Compensation Committee”) That You Be Granted 25,000 Rsus to Vest in Full on December 31, 2024. the Grant Will Be Subject to the Terms and Conditions of nLIGHT’s Equity Incentive Plan and Approval of the Compensation Committee. Signing Bonus nLIGHT-Ds Will Provide a Signing Bonus of $54,000 to Be Paid Over Three Months, With $18,000 to Be Paid by the End of Each Month as Follows: April, May and June 2024. Temporary Living Expenses We Will Pay Living Expenses Related to Your Temporary Relocation to the Longmont Co General Area, to Include Rent and Utilities, a Rental Car, and Travel Expenses Including Relocation Related Travel and Trips Home Every 2-3 Months. to the Extent We Cannot Directly Pay the Temporary Living Expenses You Will Need to Submit Expense Reports and Be Reimbursed Through the Normal Expense Reimbursement Process. Docusign Envelope Id: 554f494a-66d3-4019-A62f-0cb08025dcd58baca999-A669-48f5-8145-8d8ca9564220
12/34/56
EX-10.1
from 8-K
18 pages
- 2 - With the “Vesting Schedule” Below. If, the Administrator Determines That the Performance Goal Was Not Achieved at Maximum Levels, the Restricted Stock Units That Do Not Become Earned Units Will Immediately Terminate as of the Date of Such Determination. Vesting Schedule Subject to Any Acceleration Provisions Contained in the Plan, in the Performance Matrix Attached Hereto, or as Otherwise Provided in Any Employment, Change in Control, Separation or Similar Agreement by and Between the Company and Participant, or a Company Policy Applicable to Participant, Any Earned Unit Will Vest in Accordance With the Following Schedule: 100% of the Earned Units Will Vest on the Vesting Date. in the Event Participant Ceases to Be a Service Provider for Any or No Reason Before the Vesting Date, the Restricted Stock Units and Participant’s Right to Acquire Any Restricted Stock Units Hereunder Will Terminate as Set Forth in Section 5 of the Terms and Conditions of Restricted Stock Unit Grant. Vesting Date the Later of (I) the Date Following the Performance Measurement Date on Which the Administrator Determines Achievement Against the Applicable Performance Metric(s) Set Forth on Exhibit B or (II) the Earliest Vesting Date, but in No Event Will the Administrator Determine Achievement Later Than 60 Days After the End of the Performance Period
12/34/56
