Grant of Stock Unit Award. Pursuant to the terms and conditions set forth in the Notice of Stock Unit Award Grant, this Agreement, and the Plan, PacWest Bancorp (the “Company”) grants to the grantee named in the Notice of Stock Unit Award Grant (“Grantee”) on the date of grant set forth in the Notice of Stock Unit Award Grant (“Date of Grant”) the number of Units set forth in the Notice of Stock Unit Award Grant. This Stock Unit Award is intended to be a Performance Stock Unit Award, and each “Unit” shall represent an unfunded, unsecure promise by the Company to deliver you one share of Common Stock for each Unit that vests.
Appears in 5 contracts
Samples: Pacwest Bancorp Stock Incentive Plan Stock Unit Award Agreement (Pacwest Bancorp), Pacwest Bancorp Stock Incentive Plan Stock Unit Award Agreement (Pacwest Bancorp), Pacwest Bancorp Stock Incentive Plan Stock Unit Award Agreement (Pacwest Bancorp)
