LTI-RSUs Sample Clauses

The LTI-RSUs clause defines the terms and conditions under which long-term incentive awards in the form of Restricted Stock Units (RSUs) are granted to an employee or executive. Typically, this clause outlines the vesting schedule, performance criteria, and any conditions for forfeiture or acceleration of the RSUs, such as continued employment or achievement of specific company goals. By clearly specifying how and when RSUs are earned and distributed, the clause incentivizes long-term commitment and aligns the interests of the recipient with those of the company, while also providing clarity on the treatment of these awards in various scenarios.