Restricted Share Unit Clause Samples
A Restricted Share Unit (RSU) clause defines the terms under which an employee or recipient is granted the right to receive company shares at a future date, subject to certain restrictions or conditions. Typically, RSUs vest over a specified period or upon achieving performance milestones, and the recipient does not own the shares or have shareholder rights until vesting occurs. This clause is used to incentivize and retain employees by aligning their interests with the company's long-term success, while also controlling when and how shares are distributed.
POPULAR SAMPLE Copied 1 times
Restricted Share Unit. (“RSU”) Award –
Restricted Share Unit. Restricted Share Unit shall mean a conditional right to be given an ordinary share par value of $0.000115 each in the Company (the “Ordinary Shares” or “Shares”) pursuant to the terms of the Plan upon vesting, as set forth in Section 2.1 of this Agreement.
Restricted Share Unit. Restricted Share Unit means a Restricted Share Unit granted to a Participant under the Plan, subject to such terms and conditions as the Committee may determine at the time of issuance.
Restricted Share Unit. The term “
Restricted Share Unit. “Restricted Share Unit” or “RSU” shall mean a conditional right to receive Ordinary Shares pursuant to the terms of the Plan and this Agreement, upon vesting and settlement, as set forth in Section 3.2 of this Agreement.
Restricted Share Unit. Subject to the approval of the Board (or the compensation committee thereof), the Employee shall, as soon as practicable following the Employee’s commencement of employment with the Company, be granted 50,000 ADSs representing ordinary shares of the Parent Company (the “Restricted Share Unit”), which shall vest in accordance with the standard vesting schedule applicable to restricted share units granted by the Parent Company, as determined from time to time, subject to the Employee continuing to provide services to the Company under this Agreement on the date of grant of the Restricted Share Unit and through each applicable vesting date and to no notice of termination of employment having been tendered through each applicable date. The Restricted Share Unit will be subject to the terms, definitions and provisions of the Plan and the restricted share units award agreement to be entered by and between the Employee and the Parent Company.
Restricted Share Unit. The Company hereby construes this Agreement as the documentation representing Participant’s interest in the Restricted Share Units, provided the Participant delivers to the Company an executed copy of this Agreement. Based upon the foregoing, the Participant has an interest in Restricted Share Units. Subject to the provisions of paragraph 7, each Restricted Share Unit is equivalent to and automatically transferable into one Share (as defined in the Plan) on the date a Restricted Share Unit vests.