On Assignment to Grant Restricted Stock Unit Awards to Creative Circle Employees
December 17 2015 - 6:53PM
Business Wire
On Assignment, Inc. (NYSE: ASGN), a leading global provider of
diversified professional staffing solutions, announced that it
granted restricted stock unit awards today to 44 employees of
Creative Circle, LLC, covering an aggregate of 44,645 On Assignment
shares, as contemplated by On Assignment and Creative Circle upon
On Assignment’s acquisition of Creative Circle in June 2015. The
awards will vest, subject to the employee’s continued service, (a)
as to 40% of the award over three years with one-third of this
portion vesting on the first anniversary of the closing and the
remaining two-thirds vesting in eight substantially equal quarterly
installments thereafter, and (b) as to 60% of the award initially
vesting in 12 substantially equal quarterly installments beginning
on April 1, 2017 and on each quarterly anniversary thereafter if a
performance target to be based upon Creative Circle’s 2016
performance is achieved. The restricted stock unit awards were
granted to the Creative Circle employees as employment inducement
awards pursuant to New York Stock Exchange rules.
About Creative CircleCreative Circle, a division of On
Assignment, is a specialized staffing agency representing
innovative advertising, marketing, and interactive professionals.
The company connects creatives to agencies, brands and companies
requiring creative, marketing, or interactive talent on both a
freelance and full-time basis. With offices in 25 major cities
throughout the U.S. and Canada, Creative Circle is strategically
positioned to work with clients of all shapes and sizes, from the
most innovative creative boutiques to the largest corporations
nationwide. To learn more about Creative Circle, go to
www.creativecircle.com.
About On AssignmentOn Assignment, Inc. is a
leading global provider of in-demand, skilled professionals in the
growing technology, life sciences, and creative sectors, where
quality people are the key to success. The Company goes beyond
matching resumes with job descriptions to match people they know
into positions they understand for temporary, contract-to-hire, and
direct hire assignments. Clients recognize On
Assignment for its quality candidates, quick response, and
successful assignments. Professionals think of On
Assignment as career-building partners with the depth and
breadth of experience to help them reach their goals.
On Assignment, which is based in Calabasas, California, was
founded in 1985 and went public in 1992. The Company has a network
of branch offices throughout the United
States, Canada, United Kingdom, and Europe. To learn
more, visit http://www.onassignment.com.
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On Assignment, Inc.Ed Pierce, Chief Financial
Officer818-878-7900
ASGN (NYSE:ASGN)
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