Number of Restricted Share Units Sample Clauses

Number of Restricted Share Units. [·] Restricted Share Units (the “RSUs” or “Restricted Share Units”), if 100% of the Performance Condition (as defined below) is satisfied (the “Target RSUs”) Grant Date [·] (the “Grant Date”) Vesting Subject to Section 3 of Attachment A, the RSUs shall vest to the extent that both the applicable “Service Condition” and the applicable “Performance Condition” (as such terms are defined below) with respect to such RSUs are satisfied. Service Condition Subject to Section 3 of Attachment A, the “Service Condition” shall be satisfied [insert applicable date(s)], in each case if the Participant does not experience a Termination of Service at any time prior to [such] [the applicable] date. Performance Condition Subject to Section 3 of Attachment A, the “Performance Condition” shall be deemed satisfied with respect to between 0% and 200% of the RSUs based on attainment of Relative TSR as of the End Date as detailed in Attachment B. Attachment A RSU Award Agreement Terms and Conditions Xxxxx to: [Full name]
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Number of Restricted Share Units. [ ] This Director Restricted Share Unit Award Agreement (the “Agreement”) dated [ ], 2012, is made by and between PostRock Energy Corporation, a Delaware corporation (the “Company”), and [ ] (“Participant”).
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Number of Restricted Share Units. [·] Restricted Share Units (the “RSUs” or “Restricted Share Units”) Grant Date [Insert date] Vesting Subject to Section 3 of Attachment A, one-fourth of the RSUs shall vest on [insert applicable vesting portion] if the Participant does not experience a Termination of Service at any time prior to the applicable vesting date. Further, subject to Section 3 of Attachment A, if a Change in Control occurs and the Participant does not experience a Termination of Service from the Grant Date to [insert date], then the RSUs that have not vested pursuant to the preceding sentence shall fully vest on such [insert date]. Attachment A RSU Award Agreement Terms and Conditions Xxxxx to: [Full name]
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Number of Restricted Share Units. [·] Restricted Share Units (the “RSUs” or “Restricted Share Units”) Grant Date [Insert date] Vesting Subject to Section 3 of Attachment A, one-fourth of the RSUs shall vest on [insert applicable vesting portion] if the Participant does not experience a Termination of Service at any time prior to the applicable vesting date. Further, subject to Section 3 of Attachment A, if a Change in Control occurs and the Participant does not experience a Termination of Service from [insert date] to the first anniversary of the date of such Change in Control, then the RSUs that have not vested pursuant to the preceding sentence shall fully vest on [insert date]. Attachment A RSU Award Agreement Terms and Conditions Xxxxx to: [Full name]
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Related to Number of Restricted Share Units

  • Grant of Restricted Share Units The Company hereby grants to the Participant [ ].00 restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.

  • Award of Restricted Shares The Committee hereby awards to the Awardee [insert # of shares] Restricted Shares. All such Restricted Shares shall be subject to the restrictions and forfeiture provisions contained in Sections 4, 5 and 6, such restrictions and forfeiture provisions to become effective immediately upon execution of this Agreement by the parties hereto.

  • Vesting of Restricted Shares The Restricted Shares are subject to forfeiture to the Company until they become nonforfeitable in accordance with this Section 2. While subject to forfeiture, the Restricted Shares may not be sold, pledged, assigned, otherwise encumbered or transferred in any manner, whether voluntarily or involuntarily by the operation of law.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • Settlement of Restricted Stock Units 6.1 Subject to Section 9 hereof, promptly following the vesting date, and in any event no later than March 15 of the calendar year following the calendar year in which such vesting occurs, the Company shall (a) issue and deliver to the Grantee the number of shares of Common Stock equal to the number of Vested Units; and (b) enter the Grantee’s name on the books of the Company as the shareholder of record with respect to the shares of Common Stock delivered to the Grantee.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date _____________ (___%) ____________ _____________ (___%) ____________ _____________ (___%) ____________ The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Forfeiture of Restricted Shares Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

  • Grant of Restricted Shares (a) The Company hereby grants to the Grantee an award (the “Award”) of shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

  • Forfeiture of Restricted Stock Units Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.

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