Award and Terms of Restricted Stock Units Sample Clauses
The 'Award and Terms of Restricted Stock Units' clause defines the conditions under which an individual is granted restricted stock units (RSUs) and outlines the specific terms governing those units. This clause typically details the number of RSUs awarded, the vesting schedule, and any performance or service requirements that must be met before the units convert into actual shares. By clearly specifying these terms, the clause ensures both the company and the recipient understand the rights, obligations, and timing associated with the RSUs, thereby reducing ambiguity and potential disputes regarding equity compensation.
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Award and Terms of Restricted Stock Units. The Company awards to the Recipient under the Plan ______________ restricted stock units (the “Award”), subject to the restrictions, terms and conditions set forth in this Agreement.
Award and Terms of Restricted Stock Units. The Company awards to the Recipient under the Plan an aggregate number of Restricted Stock Units (the “Award”), subject to the restrictions, conditions and limitations set forth in this Agreement and in the Plan, which is incorporated herein by reference. The Recipient acknowledges receipt of a copy of the Plan and acknowledges that the definitive records pertaining to the grant of this Award, and settlement of rights hereunder, shall be retained by the Company.
Award and Terms of Restricted Stock Units. The Company awards to the Recipient 50,000 restricted stock units (the “Award”), subject to the restrictions, terms and conditions set forth in this Agreement and the Employment Agreement. This Award is not, and shall not be deemed to be, granted under or subject to the terms of the Company’s Amended 2013 Stock Incentive Plan or any other plan. This Award is granted pursuant to the terms of the Executive Employment Agreement dated February 2, 2017 between the Company and the Recipient (the “Employment Agreement”) and in the event of any inconsistency between this Agreement and the Employment Agreement as to timing of vesting or any other provision, the terms of the Employment Agreement shall control and apply.
Award and Terms of Restricted Stock Units
Award and Terms of Restricted Stock Units