Bookkeeping Account. Reasonably promptly after receipt by the Company of this Restricted Stock Unit Agreement executed by the Participant, the Company shall record the number of Restricted Stock Units granted hereunder to a bookkeeping account for the Participant (the “Restricted Stock Unit Account”). The Participant’s Restricted Stock Unit Account shall be debited by the number of Restricted Stock Units, if any, forfeited in accordance with this Agreement and by the number of shares of Common Stock transferred to the Participant with respect to such Restricted Stock Units in accordance with this Agreement. The Participant’s Restricted Stock Unit Account also shall be adjusted from time to time for stock dividends, stock splits and other such transactions in accordance with the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Memc Electronic Materials Inc), Restricted Stock Unit Award Agreement (Memc Electronic Materials Inc)
Bookkeeping Account. Reasonably promptly after receipt by the Company of this Restricted Stock Unit Agreement executed by the Participant, the Company shall record the number of Restricted Stock Units granted hereunder to a bookkeeping account for the Participant (the “Restricted Stock Unit Account”). The Participant’s Restricted Stock Unit Account shall be debited by the number of Restricted Stock Units, if any, forfeited in accordance with this Agreement and by the number of shares of Common Stock earned and transferred to the Participant with respect to such Restricted Stock Units in accordance with this Agreement. The Participant’s Restricted Stock Unit Account also shall be adjusted from time to time for stock dividends, stock splits and other such transactions in accordance with the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Memc Electronic Materials Inc), Restricted Stock Unit Award Agreement (Memc Electronic Materials Inc)