Award and Vesting. Upon receipt by the Participant of the confirmation referred to in section 2.4.2 of this Agreement, the number of Performance Shares calculated in accordance with section 2.4.2 of this Agreement will have been awarded to the Participant. These Shares will vest in two equal installments on 1 January Year and on 1 January Year.
Award and Vesting. The Company hereby grants to Participant a restricted stock unit award (the "RSU Award”) for that number of restricted stock units (the "Units") as detailed in the accompanying statement. Each Unit represents the right to receive one share of common stock, no par value per share, of the Company (a “Share”), or cash equal to the Fair Market Value of a Share, subject to the vesting requirements of this Agreement and the terms of the Plan. The RSU Award represents the right to receive Shares only when, and with respect to the number of Shares to which, the Units have become vested.
Award and Vesting. The Company hereby grants to Participant a performance stock unit award (the "PSU Award”) for that number of performance stock units (the "Units") as detailed in the accompanying statement (the “Target Number of PSUs”). Each Unit represents the right to receive one share of common stock, no par value per share, of the Company (a “Share”), or cash equal to the Fair Market Value of a Share, upon satisfaction of the vesting conditions set forth in this Agreement and subject to the terms of the Plan and this Agreement. The PSU Award represents the right to receive Shares (or cash equal in value to the Shares) only if and when both the performance vesting conditions and continued service vesting conditions have been satisfied or waived.
Award and Vesting
