Brightcove Reports Inducement Grants to CEO Marc DeBevoise Under Nasdaq Listing Rule 5635(c)(4)
Pursuant to the terms of the Agreement, subject to his commencement of employment, Brightcove will grant
Mr. DeBevoise’s Time-Based Award will vest in equal annual installments over a period of three years following Mr. DeBevoise’s start date, subject to Mr. DeBevoise’s continued employment with the Company on the applicable vesting dates. Mr. DeBevoise’s Performance Award will be earned upon the achievement of certain stock-price based performance metrics within four years of his start date and any such earned restricted stock units will vest 50% upon the date of achievement of the applicable performance metric and 50% upon the earlier of the three year anniversary of the commencement of his employment or the one-year anniversary of the achievement of the applicable performance metric, subject to Mr. DeBevoise’s continued employment with the Company through the applicable vesting date.
The awards are subject to the terms of the
Brightcove creates the world’s most reliable, scalable, and secure video technology solutions to build a greater connection between companies and their audiences, no matter where they are or on which devices they consume content. In more than 70 countries, Brightcove’s intelligent video platform enables businesses to sell to customers more effectively, media leaders to stream and monetize content more reliably, and every organization to communicate with team members more powerfully. With two Technology and Engineering Emmy® Awards for innovation, uptime that consistently leads the industry, and unmatched scalability, we continuously push the boundaries of what video can do. Follow Brightcove on Twitter, LinkedIn, and Facebook. Visit www.brightcove.com. Brightcove. Video that means business™.
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