Common use of Award of Restricted Stock Units Clause in Contracts

Award of Restricted Stock Units. A record of the Units awarded hereunder (the “Units”) shall be maintained for the Employee with the administrator designated by the Compensation and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to terms deemed appropriate by the Committee to reflect the restrictions applicable to such Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement with respect to the Units shall expire or be canceled. Upon the lapse of all Restrictions relating to any Units, the Company shall deliver Shares underlying the vested Units. The Units shall have no voting rights. The Units shall be credited with Dividend Equivalents. A “Dividend Equivalent” is an amount equal to the cash dividend payable per Share, if any, multiplied by the number of Shares then underlying the Award with respect to any cash dividends declared or paid by the Company while the Award is outstanding. Dividend Equivalents credited with respect to Shares underlying the Units (i) shall not be paid to the Employee until the Restrictions with respect to the Units upon which such Dividend Equivalents were credited, expire or are canceled, (ii) shall be paid with respect to any Units which vest along with the Shares that are delivered, and (iii) shall immediately and automatically be cancelled with respect to Units which are forfeited or canceled. No interest will be accrued, credited or paid on Dividend Equivalents.

Award of Restricted Stock Units. A record (a) Subject to the provisions of the Units awarded hereunder (the “Units”) shall be maintained for the Employee with the administrator designated by the Compensation Plan and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to terms deemed appropriate by the Committee to reflect the restrictions applicable to such this Restricted Stock Unit Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement with respect to the Units shall expire or be canceled. Upon the lapse of all Restrictions relating to any UnitsAgreement, the Company shall deliver Shares underlying hereby awards and authorizes the vested issuance to Employee of [###] Restricted Stock Units. Such Restricted Stock Units shall be issued with the restriction that the Employee may not sell, transfer, pledge, or assign the Shares associated with the Restricted Stock Units until the Restricted Stock Units are earned and the restrictions are removed as described below, and shall be subject to forfeiture and cancellation pursuant to the provisions of the Plan and this Restricted Stock Unit Award Agreement. The Units Employee shall have no voting rightsrights with regard to Restricted Stock Units until the award vests. The Units Employee shall be credited with Dividend Equivalents. A “Dividend Equivalent” is an amount equal eligible to receive dividends on the Restricted Stock Units to the cash dividend payable per Share, if any, multiplied by the number of Shares then underlying the Award with respect to any cash extent dividends declared or are paid by the Company while the Award is outstandingto equity owners. Dividend Equivalents credited with respect All dividends paid on Restricted Stock Units shall be reinvested in additional Restricted Shares (which shall be subject to Shares underlying the Units (i) shall not be paid to being earned by the Employee on the same basis as the original Restricted Stock Units). All Restricted Stock Units awarded under this Restricted Stock Unit Award Agreement, and purchased with reinvested dividends, shall be uncertificated shares with notations describing the applicable restrictions of the Plan and this Restricted Stock Unit Award Agreement, and no stock certificates shall be issued by the Company or its designated custodian until the Restrictions with respect to the Units upon which such Dividend Equivalents were creditedrestrictions are removed. No award or share under this Plan, expire and no rights or are canceledinterest herein, (ii) shall be paid with respect to any Units which vest along with assignable or transferable by the Shares that are deliveredEmployee, except at death by will or by the laws of descent and (iii) shall immediately and automatically be cancelled with respect to Units which are forfeited or canceled. No interest will be accrued, credited or paid on Dividend Equivalentsdistribution.

Award of Restricted Stock Units. A record of the Units awarded hereunder (the “Units”) shall be maintained for the Employee with the administrator designated by the Compensation and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to terms deemed appropriate by the Committee to reflect the restrictions applicable to such Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement and in Section 9 of the Plan with respect to the Units shall expire or be canceled. Upon the lapse of all Restrictions relating to any Units, the Company shall deliver Shares underlying the vested Units. The Units shall have no voting rights. The Units shall be credited with Dividend Equivalents. A “Dividend Equivalent” is an amount equal to Equivalents as set forth in Section 9 of the cash dividend payable per Share, if any, multiplied by the number of Shares then underlying the Award with respect to any cash dividends declared or paid by the Company while the Award is outstandingPlan. Dividend Equivalents credited with respect to Shares underlying the Units (i) shall not be paid to the Employee until the Restrictions with respect to the Units upon which such Dividend Equivalents were credited, expire or are canceled, (ii) shall be paid with respect to any Units which vest along with the Shares that are delivered, and (iii) shall immediately and automatically be cancelled with respect to Units which are forfeited or canceled. No interest will be accrued, credited or paid on Dividend Equivalents.

Award of Restricted Stock Units. A record of the Units awarded hereunder (the “Units”) shall be evidenced by the Company in restricted book entry accounts maintained for the Employee with the Company’s transfer agent, or such other administrator designated by the Compensation and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to such restrictions and other terms deemed appropriate by the Committee to reflect the restrictions be applicable to such Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement and in Section 9 of the Plan with respect to the Units shall expire or be canceled. Upon the lapse of all Restrictions relating to any Units, the Company shall deliver to the participant certificates for the Shares underlying the vested Units (or an applicable book entry shall be made in the restricted book entry account maintained for the Employee for the Shares underlying the vested Units). The Units shall have no voting rights. The Units shall be credited with Dividend EquivalentsEquivalents as set forth in Section 9 of the Plan. A “Dividend Equivalent” is an amount equal to the cash dividend payable per ShareHowever, if any, multiplied by the number of Shares then underlying the Award with respect to any cash dividends declared or paid by the Company while the Award is outstanding. Dividend Equivalents credited paid with respect to Shares underlying the Units (i) shall not be paid credited to a restricted book entry account maintained on the Employee Employee’s behalf until the Restrictions with respect to the Units upon which such Dividend Equivalents were credited, paid expire or are canceled, (ii) at which time the Company shall be paid evidence the delivery to the Employee of all such Dividend Equivalents, with interest if any. If the Employee forfeits any Units awarded hereunder, such Units and any Dividend Equivalents credited with respect thereto, with interest, if any, shall automatically revert to the Company (without any Units which vest along with payment by the Shares that are delivered, Company to the Employee) and (iii) shall immediately and automatically no longer be cancelled with respect to Units which are forfeited or canceled. No interest will be accrued, credited or paid on Dividend Equivalentsreflected in the restricted book entry account for the Employee.

Award of Restricted Stock Units. The Company hereby awards the Employee « » Restricted Stock Units (the “Units”). A record of the Units awarded hereunder (the “Units”) shall be evidenced by the Company in restricted book entry accounts maintained for the Employee with by the Company’s transfer agent, or such other administrator designated by the Compensation and Human Resources Committee Committee, until payment of the Company’s Board purchase price, if any, is made by or on behalf of Directors (the “Committee”), subject to terms deemed appropriate by the Committee to reflect Employee and all the restrictions applicable to such Award (the “Restrictions”), until all the Restrictions ) specifically set forth in this Agreement and in Section 9(c) of the Plan with respect to the Units shall expire or be canceled. Upon the lapse of cancelled and all Restrictions relating to any Unitsrequired tax withholding obligations are satisfied, at which time the Company shall deliver issue to the Employee a stock certificate (or an applicable book entry shall be made in the book entry account maintained for the Employee) with respect to such Shares underlying the vested Units, free of all Restrictions. The Units shall have no voting rights. The Units shall be credited with Dividend EquivalentsEquivalents as set forth in Section 9(d) of the Plan. A “However, any Dividend Equivalent” is an amount equal Equivalents paid on the Units shall be credited to the cash dividend payable per Share, if any, multiplied by restricted book entry account maintained on the number of Shares then underlying the Award with respect to any cash dividends declared or paid by the Company while the Award is outstanding. Dividend Equivalents credited with respect to Shares underlying the Units (i) shall not be paid to the Employee Employee’s behalf until the Restrictions with respect to the Units upon which such Dividend Equivalents were creditedpaid, expire or are canceledcancelled, (ii) at which time the Company shall be paid evidence the delivery to the Employee of all such Dividend Equivalents, with interest, if any. If the Employee forfeits any Units awarded hereunder, such Units and any Dividend Equivalents with respect thereto, with interest, if any, shall automatically revert to the Company (without any Units which vest along with payment by the Shares that are delivered, Company to the Employee) and (iii) shall immediately and automatically no longer be cancelled with respect to Units which are forfeited or canceled. No interest will be accrued, credited or paid on Dividend Equivalentsreflected in the restricted book entry account maintained for the Employee.

Award of Restricted Stock Units. A record of the Units awarded hereunder (the “Units”) shall be evidenced by the Company in restricted book entry accounts maintained for the Employee with the Company’s transfer agent, or such other administrator designated by the Compensation and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to such restrictions and other terms deemed appropriate by the Committee to reflect the restrictions be applicable to such Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement and in Section 9 of the Plan with respect to the Units shall expire or be canceled. Upon the lapse of all Restrictions relating to any Units, the Company shall deliver to the participant certificates for the Shares underlying the vested Units (or an applicable book entry shall be made in the restricted book entry account maintained for the Employee for the Shares underlying the vested Units). The Units shall have no voting rights. The Units shall be credited with Dividend EquivalentsEquivalents as set forth in Section 9 of the Plan. A “Dividend Equivalent” is an amount equal to the cash dividend payable per ShareHowever, if any, multiplied by the number of Shares then underlying the Award with respect to any cash dividends declared or paid by the Company while the Award is outstanding. Dividend Equivalents credited paid with respect to Shares underlying the Units (i) shall not be paid credited to a restricted book entry account maintained on the Employee Employee’s behalf until the Restrictions with respect to the Units upon which such Dividend Equivalents were credited, paid expire or are canceled, (ii) at which time the Company shall be paid evidence the delivery to the Employee of all such Dividend Equivalents. If the Employee forfeits any Units awarded hereunder, such Units and any Dividend Equivalents credited with respect thereto shall automatically revert to the Company (without any Units which vest along with payment by the Shares that are delivered, Company to the Employee) and (iii) shall immediately and automatically no longer be cancelled with respect to Units which are forfeited or canceledreflected in the restricted book entry account for the Employee. No interest will be accrued, credited or paid on accrued with respect to Dividend Equivalents.

Award of Restricted Stock Units. A record of the Units awarded hereunder (the “Units”) shall be maintained for the Employee with the administrator designated by the Compensation and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to terms deemed appropriate by the Committee to reflect the restrictions applicable to such Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement and in Section 9 of the Plan with respect to the Units shall expire or be canceled. Upon the lapse of all Restrictions relating to any Units, the Company shall deliver Shares underlying the vested Units. The Units shall have no voting rights. The Units shall be credited with Dividend Equivalents. A “Dividend Equivalent” is an amount equal to Equivalents as set forth in Section 9 of the cash dividend payable per Share, if any, multiplied by the number of Shares then underlying the Award with respect to any cash dividends declared or paid by the Company while the Award is outstandingPlan. Dividend Equivalents credited with respect to Shares underlying the Units (i) shall not be paid to the Employee until the Restrictions with respect to the Units upon which such Dividend Equivalents were credited, expire or are canceled, (ii) shall be paid with respect to any Units which vest along with the Shares that are delivered, and (iii) shall immediately and automatically be cancelled with respect to Units which are forfeited or canceled. No interest will be accrued, credited or paid on Dividend Equivalents.

Award of Restricted Stock Units. A record (a) Subject to the provisions of the Units awarded hereunder (the “Units”) shall be maintained for the Employee with the administrator designated by the Compensation Plan and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to terms deemed appropriate by the Committee to reflect the restrictions applicable to such this Restricted Stock Unit Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement with respect to the Units shall expire or be canceled. Upon the lapse of all Restrictions relating to any UnitsAgreement, the Company shall deliver Shares underlying hereby awards and authorizes the vested issuance to Employee of [###] Restricted Stock Units. The Units shall have no voting rights. The Such Restricted Stock Units shall be credited issued with Dividend Equivalents. A “Dividend Equivalent” is an amount equal the restriction that the Employee may not sell, transfer, pledge, or assign the Shares associated with the Restricted Stock Units until the Restricted Stock Units are earned and the restrictions are removed as described below, and shall be subject to forfeiture and cancellation pursuant to the cash dividend payable per Share, if any, multiplied by provisions of the number of Shares then underlying Plan and this Restricted Stock Unit Award Agreement. The Employee shall be eligible to receive dividends on the Award with respect Restricted Stock Units to any cash the extent dividends declared or are paid by the Company while the Award is outstandingto equity owners. Dividend Equivalents credited with respect All dividends paid on Restricted Stock Units shall be reinvested in additional Restricted Shares (which shall be subject to Shares underlying the Units (i) shall not be paid to being earned by the Employee on the same basis as the original Restricted Stock Units). All Restricted Stock Units awarded under this Restricted Stock Unit Award Agreement, and purchased with reinvested dividends, shall be uncertificated shares with notations describing the applicable restrictions of the Plan and this Restricted Stock Unit Award Agreement, and no stock certificates shall be issued by the Company or its designated custodian until the Restrictions with respect to the Units upon which such Dividend Equivalents were creditedrestrictions are removed. No award or share under this Plan, expire and no rights or are canceledinterest herein, (ii) shall be paid with respect to any Units which vest along with assignable or transferable by the Shares that are deliveredEmployee, except at death by will or by the laws of descent and (iii) shall immediately and automatically be cancelled with respect to Units which are forfeited or canceled. No interest will be accrued, credited or paid on Dividend Equivalentsdistribution.

Award of Restricted Stock Units. A record of the Units awarded hereunder (the “Units”) shall be evidenced by the Company in restricted book entry accounts maintained for the Employee with the Company’s transfer agent, or such other administrator designated by the Compensation and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to such stop transfer orders and other terms deemed appropriate by the Committee to reflect the restrictions applicable to such Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement and in Section 9 of the Plan with respect to the Units shall expire or be canceled. Upon the lapse of all Restrictions relating to any Units, the Company shall deliver book entry Shares underlying the vested Units. The Units shall have no voting rights. The Units shall be credited with Dividend EquivalentsEquivalents as set forth in Section 9 of the Plan. A “Dividend Equivalent” is an amount equal to the cash dividend payable per ShareHowever, if any, multiplied by the number of Shares then underlying the Award with respect to any cash dividends declared or paid by the Company while the Award is outstanding. Dividend Equivalents credited paid with respect to Shares underlying the Units (i) shall not be paid credited to a restricted book entry account maintained on the Employee Employee’s behalf until the Restrictions with respect to the Units upon which such Dividend Equivalents were credited, paid expire or are canceled, (ii) at which time the Company shall be paid evidence the delivery to the Employee of all such Dividend Equivalents. If the Employee forfeits any Units awarded hereunder, such Units and any Dividend Equivalents credited with respect thereto shall automatically revert to the Company (without any Units which vest along with payment by the Shares that are delivered, Company to the Employee) and (iii) shall immediately and automatically no longer be cancelled with respect to Units which are forfeited or canceledreflected in the restricted book entry account. No interest will be accrued, credited or paid on accrued with respect to Dividend Equivalents.

Award of Restricted Stock Units. A record of the Units awarded hereunder (the “Units”) shall be maintained for the Employee Director with the administrator designated by the Compensation and Human Resources Committee of the Company’s Board of Directors (the “Committee”), subject to terms deemed appropriate by the Committee to reflect the restrictions applicable to such Award (the “Restrictions”), until all the Restrictions specifically set forth in this Agreement with respect to the Units shall expire or be canceledAgreement. Upon the lapse of all Restrictions relating to any Units, the Company shall deliver Shares underlying the vested Units. The Units shall have no voting rights. The Units shall be credited with Dividend Equivalents. A “Dividend Equivalent” is an amount equal to the cash dividend payable per Share, if any, multiplied by the number of Shares then underlying the Award with respect to any cash dividends declared or paid by the Company while the Award is outstanding. Dividend Equivalents credited with respect to Shares underlying the Units (i) shall not be paid to the Employee Director until the Restrictions with respect to the Units upon which such Dividend Equivalents were credited, expire or are canceled, (ii) shall be paid with respect to any Units which vest along with the Shares that are delivered, and (iii) shall immediately and automatically be cancelled with respect to Units which are forfeited or canceled. No interest will be accrued, credited or paid on Dividend Equivalents.