Common use of Grant of RSUs Clause in Contracts

Grant of RSUs. The Company hereby grants to the Participant the Number of RSUs Granted, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

Appears in 12 contracts

Samples: Restricted Stock Unit Award Agreement (Cit Group Inc), Award Agreement (Cit Group Inc), Cit Group Inc

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Grant of RSUs. The Company hereby grants to the Participant the Number number of RSUs Grantedset forth above, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Director Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following one Share or a cash payment equal to the vesting Fair Market Value of the RSU in accordance with this Award Agreementone Share. The Participant shall not be required to pay any additional consideration for the issuance of the Shares or cash payment equal to the value of the Shares upon settlement of the RSUs.

Appears in 4 contracts

Samples: Award Agreement (Cit Group Inc), Award Agreement (Cit Group Inc), Cit Group Inc

Grant of RSUs. The Company hereby grants to the Participant the Number number of RSUs Grantedset forth in the Award Summary, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Cit Group Inc), Restricted Stock Unit Award Agreement (Cit Group Inc), Restricted Stock Unit Award Agreement (Cit Group Inc)

Grant of RSUs. The Company hereby grants to the Participant the Number of RSUs Granted[NUMBER] RSUs, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreementfuture. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

Appears in 3 contracts

Samples: Cit Group Inc, Cit Group Inc, Cit Group Inc

Grant of RSUs. The Upon the terms and conditions set forth in the Plan and this Agreement, effective as of the Grant Date set forth in the Grant Notice, the Company hereby grants to the Participant an award of RSUs, together with an equivalent number of tandem Dividend Equivalents, under the Number Plan. In consideration of RSUs Grantedthis grant of RSUs, effective as of the Date of Award Participant agrees to render faithful and subject efficient services to the terms Company or its affiliates. Unless and conditions of until an RSU has vested in the Plan and this Award Agreement. Each RSU represents manner set forth in the unsecured Grant Notice, the Participant will have no right to receive one Share any Shares or other payment in the future following the vesting of the RSU in accordance with this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement respect of the RSUs.

Appears in 2 contracts

Samples: Restricted Stock Unit Award (Reliance Steel & Aluminum Co), Restricted Stock Unit Award Agreement (Reliance Steel & Aluminum Co)

Grant of RSUs. The Company hereby grants to the Participant the Number number of RSUs Grantedset forth above, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreementfuture. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Cit Group Inc), Incentive Plan Restricted Stock Unit (Cit Group Inc)

Grant of RSUs. The Company hereby grants to the Participant the Number number of RSUs Grantedset forth in the Certificate, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each Subject to Section 2 below, each RSU represents the constitutes an unfunded and unsecured right to receive one Share in the future following the vesting promise of the RSU Company to deliver to the Participant a Share (or the equivalent value thereof, as provided in accordance with this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUsSection 2(b) hereof).

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Barnes & Noble Inc), Restricted Stock Unit Award Agreement (Barnes & Noble Inc)

Grant of RSUs. The Company hereby grants to the Participant the Number number of RSUs Grantedset forth in the Certificate, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Award Agreement. Each Subject to Section 2 below, each RSU represents the constitutes an unfunded and unsecured right to receive one Share in the future following the vesting promise of the RSU in accordance with this Award Agreement. The Company to deliver to the Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUsa Share.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Barnes & Noble Inc)

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Grant of RSUs. The Company hereby grants to the Participant the Number of 50,000 RSUs Granted, effective as of the Date of Award and subject to on the terms and conditions of the Plan and herein set forth in this Award Agreement. Each RSU represents the unfunded, unsecured right of the Participant to receive one Share in the future following the vesting of the RSU in accordance with this Award AgreementShare. The Participant shall not be required to pay any additional consideration for will become vested in the issuance RSUs, and take delivery of the Shares upon settlement of the RSUssubject thereto, as set forth in this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Evercore Partners Inc.)

Grant of RSUs. The Company hereby grants to the Participant the Number number of RSUs Grantedset forth above, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Retention Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreementfuture. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

Appears in 1 contract

Samples: Cit Group Inc

Grant of RSUs. The Company hereby grants to the Participant the Number number of RSUs Grantedset forth above, effective as of the Date of Award and subject to the terms and conditions of the Plan and this Director Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreementfuture. The Participant shall not be required to pay any additional consideration for the issuance of the Shares or cash payment equal to the value of the Shares upon settlement of the RSUs.

Appears in 1 contract

Samples: Cit Group Inc

Grant of RSUs. The Company hereby grants to the Participant (who, pursuant to this Award is a Participant in the Number of RSUs GrantedPlan), effective as of the Date Grant Date, the number of RSUs set forth above. The RSUs granted under this Agreement are settleable only in Shares as described below. Notwithstanding anything to the contrary anywhere else in this Agreement, the RSUs in this Award and are subject to the terms terms, definitions and conditions provisions of the Plan and Plan, which are incorporated by reference into this Award Agreement. Each RSU represents the unsecured right to receive one Share in the future following the vesting of the RSU in accordance with this Award Agreement. The Participant shall not be required to pay any additional consideration for the issuance of the Shares upon settlement of the RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Mackinac Financial Corp /Mi/)

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