CALABASAS, Calif.--(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 Circle
Creative 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 Assignment
On 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.
Contact:
On Assignment, Inc.
Ed Pierce, Chief Financial Officer
818-878-7900