Common use of Award of Stock Units Clause in Contracts

Award of Stock Units. The Company hereby awards to Employee on this date, [####] Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: Award Agreement (Borgwarner Inc)

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Award of Stock Units. The Company hereby awards to the Employee on this date, [####] _______ Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: 2014 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to Employee on this date, [####] XXXXXX Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s 's common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “EmployerCompany” shall mean include the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: 2004 Stock Incentive Plan (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to Employee the Director on this date, [####] 2,985 Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) ), upon satisfaction of the conditions for vesting as provided in Paragraph paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: 2018 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to the Employee on this date, [####] _________ Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: 2014 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to Employee on this date, [####] Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to Employee Director on this date, [####XXXX] Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: 2014 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

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Award of Stock Units. The Company hereby awards to the Employee on this date, [####] Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: 2014 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to Employee Director on this date, [####] _______ Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: 2014 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to Employee the Director on this date, [####] 2,457 Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) ), upon satisfaction of the conditions for vesting as provided in Paragraph paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee2.

Appears in 1 contract

Samples: Award Agreement (Borgwarner Inc)

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