Idb Rsus Clause Samples
The 'IDB RSUs' clause defines the terms and conditions governing the grant and management of Restricted Stock Units (RSUs) issued by IDB. Typically, this clause outlines eligibility criteria, vesting schedules, and the circumstances under which RSUs are awarded, forfeited, or settled, such as upon termination of employment or achievement of performance milestones. By clearly specifying how RSUs are handled, the clause ensures both the company and recipients understand their rights and obligations, thereby reducing disputes and aligning incentives.
Idb Rsus. (a) The treatment of each IDB RSU as contemplated by Section 5.9 is permissible under the terms of the GFI Stock Plan and the award agreement under which it was issued, and each Consent described in Section 5.9(b)(i) has been duly entered into and is a valid and binding obligation of the parties thereto.
(b) Section 3.12(b) of the IDB Buyer Disclosure Letter sets forth a true, correct and complete list as of the date hereof of all holders of IDB RSUs presently employed or engaged in Australia, China, Dubai, Israel, Japan, Philippines, Singapore or Switzerland.
Idb Rsus