Common use of Grant of the RSUs Clause in Contracts

Grant of the RSUs. The Company has granted the Participant the number of RSUs set forth in the Notice of Grant. However, unless and until the RSUs have vested, the Participant has no right to the payment or receipt of any Stock subject thereto. Prior to actual payment or receipt of any Stock, the RSUs represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 9 contracts

Samples: Equity and Incentive Plan (Vmware, Inc.), Restricted Stock Unit Agreement (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.)

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Grant of the RSUs. The Company has granted the Participant the number of RSUs As set forth in the Notice of Grant, the Company has granted the Participant RSUs. However, unless and until the RSUs will have vested, the Participant has will have no right to the payment or receipt of any Stock Shares subject thereto. Prior to actual payment or receipt of any StockShares, the such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Neuralstem, Inc.), Restricted Stock Unit Agreement (Social Reality), Restricted Stock Unit Agreement (Knight Ridder Inc)

Grant of the RSUs. The Company has granted the Participant the number of RSUs set forth in the Notice of Grant. However, unless and until the RSUs will have vested, the Participant has will have no right to the payment or receipt of any Stock subject thereto. Prior to actual payment or receipt of any Stock, the RSUs 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: Equity and Incentive Plan (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.), Vmware, Inc.

Grant of the RSUs. The Company has granted the Participant the number of RSUs As set forth in the Notice of Grant, the Company has granted the Participant RSUs. However, unless and until the RSUs have are vested, the Participant has will have no right to receive the payment or receipt of any Stock subject theretoShares under the RSU grant. Prior to actual payment or receipt of any StockShares, the RSUs 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: Restricted Stock Unit Agreement (Knight Ridder Inc), Nexx Systems Inc

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Grant of the RSUs. The Company As set forth in the Grant Notice, the Corporation has granted the Participant RSUs in exchange for past and future services to the number of RSUs Corporation. However, no Shares shall be issued to the Participant until the time set forth in the Notice of Grant. However, unless and until the RSUs have vested, the Participant has no right to the payment or receipt of any Stock subject theretoSection 2. Prior to actual payment or receipt of any StockShares, the such RSUs will represent an unsecured obligation of the CompanyCorporation, payable (if at all) only from the general assets of the CompanyCorporation.

Appears in 1 contract

Samples: Equity Incentive Plan (USA Mobility, Inc)

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