Additional RSUs Clause Samples
Additional RSUs. The Participant’s interest in the Additional RSUs shall become vested and nonforfeitable on the date, and to the extent that, the underlying RSUs in respect of which the Additional RSUs were credited, become vested and nonforfeitable.
Additional RSUs. Executive shall be granted a restricted stock unit award (the “Second Award”) which shall entitle Executive to receive an additional 330,000 shares of the Company’s common stock, par value $0.001 per share (the “Additional Shares”), subject to the vesting schedule and the terms and conditions of the 2021 Plan and the applicable RSU Agreement. Subject to the terms of forfeiture, termination and acceleration provided for in the 2021 Plan and the RSU Agreement and subject to continuous employment, the Additional Shares underlying the Second Award shall vest ratably over eight (8) successive equal quarterly installments over the subsequent two (2) year period (i.e., March 1, 2022, June 1, 2022, September 1, 2022, December 1, 2022, March 1, 2023, June 1, 2023, September 1, 2023 and December 1, 2023) which underlying Additional Shares shall be issued within seventy (70) days following the applicable vesting date.
Additional RSUs. Between the Date of Grant and the Vesting Date, the Company shall credit to a bookkeeping account maintained on your behalf an amount equal to any cash dividends you would have received if the shares of Stock subject to the RSUs had been issued and outstanding. The amount credited to the bookkeeping account shall be credited as additional RSUs which shall be paid to you upon vesting of the RSUs.
Additional RSUs. Effective as of the Commencement Date, Employee shall be granted an additional 1.0 million RSUs, with a purchase price of $0.01 per RSU, under the ▇▇▇▇▇▇ Communications Corporation 1998 Stock Incentive Plan (the “Plan”). Twenty percent (20%) shall vest on each of the twelve (12) month, twenty-four (24) month, thirty-six (36) month, forty-eight (48) month and sixty (60) month anniversaries of the Commencement Date, subject to acceleration of vesting upon termination of employment hereunder as provided in Section 7 hereof. Such RSUs, to the extent vested, shall be settled by payment of the purchase price and delivery of the number of shares of Common Stock underlying such vested RSUs upon the earlier to occur of (i) Employee’s termination of employment hereunder for any reason, or (ii) upon the sixty (60) month anniversary of the Commencement Date; provided, however, Employee may satisfy the purchase price and the minimum statutory tax withholding obligation associated with settlement of the RSUs by having the Company withhold shares of Common Stock otherwise deliverable to him upon such settlement.