Base RSUs Sample Clauses
The 'Base RSUs' clause defines the foundational grant of Restricted Stock Units (RSUs) that an employee or service provider is entitled to receive under an agreement. Typically, this clause specifies the total number of RSUs awarded, the vesting schedule, and any conditions that must be met for the RSUs to be earned or settled. For example, it may state that a certain number of RSUs will vest annually over a four-year period, contingent on continued employment. The core function of this clause is to clearly outline the equity compensation being offered, ensuring both parties understand the terms and expectations regarding the RSU grant.
Base RSUs. Except as provided in Paragraph 2(b), you shall be fully Vested in all of your Outstanding Base RSUs on the Date of Grant, and, subject to Paragraph 9, neither such Base RSUs, nor the Shares delivered thereunder, shall be forfeitable for any reason.
Base RSUs. On each Vesting Date listed on your Award Statement, you will become Vested in the amount of Outstanding Base RSUs listed next to that date.
Base RSUs. (i) Base RSUs with a Delivery Date in or before . [For Base RSUs with a Delivery Date in or before ,] fifty percent of the RSU Shares that are delivered on any date in respect of Base RSUs, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk that are subject to Transfer Restrictions until the Transferability Date[, as set forth on your Award Statement.] If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered in respect of Base RSUs after tax withholding will be Shares at Risk subject to Transfer Restrictions until the Six-Month Transferability Date.
(ii) Base RSUs with a Delivery Date in . [For Base RSUs with a Delivery Date in , all RSU Shares delivered after tax withholding will be Shares at Risk subject to Transfer Restrictions until the Six-Month Transferability Date.]
Base RSUs. If you Associate With a Covered Enterprise before the earlier of or a Qualifying Termination After a Change In Control, your rights to your Outstanding Base RSUs that were Vested on the Date of Grant will terminate, and no RSU Shares will be delivered in respect of such Base RSUs.
Base RSUs. Fifty percent of the RSU Shares that are delivered on any date in respect of Base RSUs, before tax withholding (or, if the applicable tax withholding rate is greater than 50%, all RSU Shares delivered after tax withholding), will be Shares at Risk that are subject to Transfer Restrictions until the Transferability Date, as set forth on your Award Statement. If the tax withholding rate is less than 50%, then any remaining RSU Shares that are delivered in respect of Base RSUs after tax withholding will be Shares at Risk subject to Transfer Restrictions until the Six-Month Transferability Date.
Base RSUs. The Delivery Date with respect to your Base RSUs shall be the date specified as such on your Award Statement, if that date is during a Window Period or, if that date is not during a Window Period, the first Trading Day of the first Window Period beginning after such date. For purposes of this Agreement, a “Trading Day” is a day on which Shares trade in a regular way on the New York Stock Exchange. Except as provided in this Paragraph 3 and in Paragraphs 2, 8, 10, 11 and 16, in accordance with Section 3.23 of the Plan, reasonably promptly (but in no case more than thirty (30) Business Days) after the date specified as the Delivery Date, Ordinary Base Shares shall be delivered by book entry credit to your Custody Account or to a brokerage account as approved or required by the Firm.