Examples of RSU Plan in a sentence
The RSU Plan provides that, in such circumstances, the Board may determine to adjust the number of Restricted Voting Shares to be issued upon the vesting of RSU awards.
The Purchase Agreement provides that all outstanding RSUs held by Canadian employees that operate the business and assets to be sold shall be treated as vested and settled by the Company in accordance with the terms of the RSU Plan.
Under the RSU Plan, holders of the vested RSUs receive either (a) a number of Restricted Voting Shares equal to the number of vested RSUs, or (b) an amount in cash equal to the fair market value of the Restricted Voting Shares otherwise issuable (generally being the closing price of the Restricted Voting Shares on the TSX on the day of vesting), in each case net of applicable tax withholdings.
As of the date of this proxy statement, 157,466 RSUs were outstanding under the RSU Plan and no RSUs were outstanding under the Director RSU Plan.
In the event of termination for Cause, the rights of the Executive with respect to any PSUs and RSUs held by the Executive will be governed pursuant to the PSU Plan and RSU Plan, respectively.