Grant of the PSUs. The Company has granted the Participant the number of PSUs set forth in the Notice of Grant. However, unless and until the PSUs will have vested, the Participant will have no right to the payment or receipt of any Stock subject thereto. Prior to actual payment or receipt of any Stock, the PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 8 contracts
Samples: Equity and Incentive Plan (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.)
Grant of the PSUs. The Company has granted the Participant the number of PSUs set forth in the Notice of Grant. However, unless and until the PSUs will have vested, the Participant will have no right to the payment or receipt of any Stock subject thereto. Prior to actual payment or receipt of any Stock, the PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 4 contracts
Samples: Performance Stock Unit Agreement (Vmware, Inc.), Stock Unit Agreement (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.)
Grant of the PSUs. The Company has granted the Participant the number of PSUs As set forth in the Notice of GrantGrant Notice, the Company hereby grants to Participant the PSUs, subject to all the terms and conditions in the Grant Notice, including this Exhibit A, and the Plan. However, unless and no shares of Stock (“Shares”) shall be issued to Participant until the PSUs will have vested, the Participant will have no right to the payment or receipt of any Stock subject theretotime set forth in Section 2. Prior to actual payment or receipt issuance of any StockShares, the such PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 2 contracts
Samples: Performance Stock Unit Award Agreement (Ebay Inc), Performance Stock Unit Award Agreement (Ebay Inc)
Grant of the PSUs. The Company has granted the Participant the number of PSUs As set forth in the Notice of GrantGrant Notice, the Company hereby grants to Participant the PSUs, subject to all the terms and conditions in the Grant Notice, including this Exhibit A, and the Plan. However, unless and no shares of Stock (“Shares”) shall be issued to Participant until the PSUs will have vested, the Participant will have no right to the payment or receipt of any Stock subject theretotime set forth in Section 2. Prior to actual payment or receipt issuance of any StockShares, the such PSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 2.
Appears in 1 contract
Samples: Share Unit Award Agreement
