Conditional Share Award Sample Clauses
Conditional Share Award. With respect to a Pennzoil Award consisting of a conditional or restricted share unit award (a "Pennzoil CSAU"), the number of shares of Downstream Common Stock and Pennzoil Common Stock that are covered by the Conversion Award shall be determined based on the ratio used in the distribution of Downstream Common Stock to the holders of Pennzoil Common Stock in the Distribution.
Conditional Share Award. The holder of each GCG Award consisting of a restricted share unit award (a "GCG RSU"), regardless of whether the holder thereof is a GCG Individual or a GenTek Individual, shall retain such GCG RSU and shall receive a GenTek Common Stock Restricted Stock Unit award for the same number of shares of GenTek covered by such GCG RSU. GCG and GenTek shall each treat employment with such other corporation or employment with such corporation for purpose of continued vesting, etc., of any GCG RSU or Conversion Award.