Common use of Grant of Awards Clause in Contracts

Grant of Awards. The Company has granted to Participant [ ] RSUs, subject to the terms of this Agreement and the terms of the Plan. The number of RSUs awarded to Participant represents a target award for the Performance Period (the “Target Award”). The number of RSUs of Participant’s actual earned award (the “Actual Award”) will be calculated as the Target Award multiplied by the Performance Multiplier, as determined by the Compensation Committee (the “Committee”). Each RSU represents the right to receive one (1) Share of Common Stock as set forth herein.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Verisign Inc/Ca), Restricted Stock Unit Agreement (Verisign Inc/Ca)

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Grant of Awards. The Company has granted to Participant [ [NUMBER] RSUs, subject to the terms of this Agreement and the terms of the Plan. The number of RSUs awarded to Participant represents a target award for the Performance Period (as defined below) (the “Target Award”). The number of RSUs of Participant’s actual earned award (the “Actual Award”) will be calculated as is equal to the Target Award multiplied by product of (i) the Performance Multiplier, Multiplier (as determined by the Compensation Committee under Section 2 below), and (the “Committee”ii). Each RSU represents the right to receive one (1) Share of Common Stock as set forth herein.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Verisign Inc/Ca), 2006 Equity Incentive Plan (Verisign Inc/Ca)

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