Common use of Notice of Restricted Stock Unit Award Clause in Contracts

Notice of Restricted Stock Unit Award. Participant [__________] Grant Date [__________] Target Restricted Stock Units [__________] Overview Participant shall be able to earn between [__]% - [___]% of the Target Restricted Stock Units based on the attainment of certain performance goals over the Measuring Periods described below. Measuring Periods There shall be [__________] Measuring Periods, as follows: [__________]. Vesting, General Vesting, if any, shall occur at the end of each Measuring Period based upon the [__________] (defined below) and [__________] (defined below) of the Company during such Measuring Period. Except as set forth below, Participant must remain in the continuous employment of the Company from the Grant Date through the last day of the applicable Measurement Period in order to vest in Restricted Stock Units for such Measurement Period. Target Vesting Amounts for each Measurement Period For each Measuring Period, the number of Restricted Stock Units that may vest shall be calculated by first dividing the total Target Restricted Stock Units by three (3) (such amount being the “Per Tranche Target”). The Per Tranche Target shall then be subdivided into amounts that shall be eligible to vest based on [__________] for the Measuring Period, and amounts that shall vest based on [__________] for the Measuring Period, by multiplying the Per Tranche Target for the Measuring Period by the following weightings:[__________] ……………………………[__%] [__________] ……………………………[__%]The Per Tranche Amount that shall be eligible to vest based on [__________] for the Measuring Period shall be known as the “[__________] Per Tranche Target.” The Per Tranche Amount that shall be eligible to vest based on [__________] for the Measuring Period shall be known as the “[__________] Per Tranche Target.” Amounts Vesting Per Measuring Period Based on [__________] The number of Restricted Stock Units actually vesting at the end of each Measuring Period based on [__________] for such Measuring Period (the “[__________] Vested RSUs”) shall be equal to the [__________] Per Tranche Target for such Measuring Period multiplied by the “Vesting Percentage” determined in accordance with the following chart: [__________] Amounts Vesting Per Measuring Period Based on [__________] The number of Restricted Stock Units actually vesting at the end of each Measuring Period based on [__________] for such Measuring Period (the “[__________] Vested RSUs”) shall be equal to the [__________] Per Tranche Target for such Measuring Period multiplied by the “Vesting Percentage” determined in accordance with the following chart: [__________] Total Amount Vested Per Measuring Period The total number of Restricted Stock Units vested at the end of each Measuring Period (the “Total Vested RSUs”) shall be the sum of the [__________] Vested RSUs plus the [__________] Vested RSUs. Vesting Determinations The vesting results for a Measuring Period shall be certified in writing by the Administrator no later than the March 15th next following the end of such Measuring Period. [__________] and Target [__________] “[__________]” shall mean [__________].“Target [__________]” for each Measuring Period shall be as follows: [__________] [__________] and Target [__________] “[__________]” shall mean [__________].“Target [__________]” for each Measuring Period shall be as follows: [__________]

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Glowpoint, Inc.), Restricted Stock Unit Agreement (Glowpoint, Inc.)

AutoNDA by SimpleDocs

Notice of Restricted Stock Unit Award. Participant [__________] Grant Date [__________] Target Restricted Stock Units [__________] Overview Participant shall be able to earn between [__]% - [___]% of the Target Restricted Stock Units based on the attainment of certain performance goals over the Measuring Periods Period described below. Measuring Periods There shall be Period [__________] Measuring Periods, as follows: [__________]. Vesting, General Vesting, if any, shall occur at the end of each the Measuring Period based upon the [__________] (defined below) and [__________] (defined below) of the Company during such Measuring Period. Except as set forth below, Participant must remain in the continuous employment of the Company from the Grant Date through the last day of the applicable Measurement Period in order to vest in the Restricted Stock Units for such Measurement PeriodUnits. Target Vesting Amounts for each the Measurement Period For each Measuring Period, the number of Restricted Stock Units that may vest shall be calculated by first dividing the total The Target Restricted Stock Units by three (3) (such amount being the “Per Tranche Target”). The Per Tranche Target shall then be subdivided divided into amounts that shall be eligible to vest based on [__________] for the Measuring Period, and amounts that shall vest based on [__________] for the Measuring Period, by multiplying the Per Tranche Target for the Measuring Period Restricted Units by the following weightings:[__________] weightings:[______]……………………………[__%[__%] [__________] ]……………………………[__%]The Per Tranche Amount Target Restricted Stock Units that shall be eligible to vest based on [__________] for the Measuring Period shall be known as the “[__________] Per Tranche TargetTarget RSUs.” The Per Tranche Amount Target Restricted Stock Units that shall be eligible to vest based on [__________] for the Measuring Period shall be known as the “[__________] Per Tranche TargetTarget RSUs.” Amounts Vesting Per Measuring Period Based on [__________] The number of Restricted Stock Units actually vesting at the end of each the Measuring Period based on [__________] ]for such the Measuring Period (the “[__________] Vested RSUs”) shall be equal to the [__________] Per Tranche Target RSUs for such Measuring Period multiplied by the “Vesting Percentage” determined in accordance with the following chart: [__________] Amounts Vesting Per Measuring Period Based on [__________] The number of Restricted Stock Units actually vesting at the end of each Measuring Period based on [__________] for such Measuring Period (the “[__________] Vested RSUs”) shall be equal to the [__________] Per Tranche Target for such Measuring Period multiplied by the “Vesting Percentage” determined in accordance with the following chart: [__________] Total Amount Vested Per Measuring Period The total number of Restricted Stock Units vested at the end of each Measuring Period (the “Total Vested RSUs”) shall be the sum of the [__________] Vested RSUs plus the [__________] Vested RSUs. Vesting Determinations The vesting results for a Measuring Period shall be certified in writing by the Administrator no later than the March 15th next following the end of such Measuring Period. [__________] and Target [__________] “[__________]” shall mean [__________].“Target [__________]” for each Measuring Period shall be as follows: [__________] [__________] and Target [__________] “[__________]” shall mean [__________].“Target [__________]” for each Measuring Period shall be as follows: [__________]

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Glowpoint, Inc.), Restricted Stock Unit Agreement (Glowpoint, Inc.)

AutoNDA by SimpleDocs

Notice of Restricted Stock Unit Award. Participant [__________] Grant Date [__________] Target Restricted Stock Units [__________] Overview Participant shall be able to earn between [__]% - [___]% of the Target Restricted Stock Units based on the attainment of certain performance goals over the Measuring Periods Period described below. Measuring Periods There shall be Period [__________] Measuring Periods, as follows: [__________]. Vesting, General Vesting, if any, shall occur at the end of each the Measuring Period based upon the [__________] (defined below) and [__________] (defined below) of the Company during such Measuring Period. Except as set forth below, Participant must remain in the continuous employment of the Company from the Grant Date through the last day of the applicable Measurement Period in order to vest in the Restricted Stock Units for such Measurement PeriodUnits. Target Vesting Amounts for each the Measurement Period For each Measuring Period, the number of Restricted Stock Units that may vest shall be calculated by first dividing the total The Target Restricted Stock Units by three (3) (such amount being the “Per Tranche Target”). The Per Tranche Target shall then be subdivided divided into amounts that shall be eligible to vest based on [__________] for the Measuring Period, and amounts that shall vest based on [__________] for the Measuring Period, by multiplying the Per Tranche Target for the Measuring Period Restricted Units by the following weightings:[__________] ……………………………[__%] [__________] ……………………………[__%]The Per Tranche Amount Target Restricted Stock Units that shall be eligible to vest based on [__________] for the Measuring Period shall be known as the “[__________] Per Tranche TargetTarget RSUs.” The Per Tranche Amount Target Restricted Stock Units that shall be eligible to vest based on [__________] for the Measuring Period shall be known as the “[__________] Per Tranche TargetTarget RSUs.” Amounts Vesting Per Measuring Period Based on [__________] The number of Restricted Stock Units actually vesting at the end of each the Measuring Period based on [__________] for such the Measuring Period (the “[__________] Vested RSUs”) shall be equal to the [__________] Per Tranche Target RSUs for such Measuring Period multiplied by the “Vesting Percentage” determined in accordance with the following chart: [__________] Amounts Vesting Per Measuring Period Based on [__________] The number of Restricted Stock Units actually vesting at the end of each Measuring Period based on [__________] for such Measuring Period (the “[__________] Vested RSUs”) shall be equal to the [__________] Per Tranche Target for such Measuring Period multiplied by the “Vesting Percentage” determined in accordance with the following chart: [__________] Total Amount Vested Per Measuring Period The total number of Restricted Stock Units vested at the end of each Measuring Period (the “Total Vested RSUs”) shall be the sum of the [__________] Vested RSUs plus the [__________] Vested RSUs. Vesting Determinations The vesting results for a Measuring Period shall be certified in writing by the Administrator no later than the March 15th next following the end of such Measuring Period. [__________] and Target [__________] “[__________]” shall mean [__________].“Target [__________]” for each Measuring Period shall be as follows: [__________] [__________] and Target [__________] “[__________]” shall mean [__________].“Target [__________]” for each Measuring Period shall be as follows: [__________]

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Glowpoint, Inc.), Restricted Stock Unit Agreement (Glowpoint, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.