Common use of Restricted Share Units Clause in Contracts

Restricted Share Units. 12.1. A Restricted Share Unit (an “RSU”) is an Award covering a number of Shares that is settled by issuance of those Shares. An RSU may be awarded to any eligible Grantee, including under Section 102 of the Ordinance. Each grant of RSUs under the Plan shall be evidenced by a written agreement between the Company and the Grantee (the “Restricted Share Unit Agreement”), in such form as the Committee shall from time to time approve. Such RSUs shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Restricted Share Unit Agreements entered into under the Plan need not be identical. RSUs may be granted in consideration of a reduction in the recipient’s other compensation.

Appears in 10 contracts

Samples: Restricted Share Unit (Lumenis LTD), Restricted Share Unit (Pimi Agro Cleantech, Inc.), Restricted Share Unit (Compugen LTD)

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Restricted Share Units. 12.1. A Restricted Share Unit (an “RSU”) An RSU is an Award covering a number of Shares that is settled by issuance of those Shares. An RSU may be awarded to any eligible Grantee, including under Section 102 of the Ordinance. Each grant of RSUs under the Plan shall be evidenced by a written agreement between the Company and the Grantee (the “Restricted Share Unit Agreement”), in such form as the Committee shall from time to time approve. Such RSUs shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Restricted Share Unit Agreements entered into under the Plan need not be identical. RSUs may be granted in consideration of a reduction in the recipient’s other compensation.

Appears in 2 contracts

Samples: Stratasys Ltd., Enzymotec Ltd.

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Restricted Share Units. 12.1. A Restricted Share Unit (an “RSU”) is an Award covering a number of Shares that is settled by issuance of those Shares. An RSU may be awarded to any eligible Grantee, including under Section 102 of the Ordinance. Each grant of RSUs under the this Plan shall be evidenced by a written agreement between the Company and the Grantee (the “Restricted Share Unit Agreement”), in such form as the Committee shall from time to time approve. Such RSUs shall be subject to all applicable terms of the this Plan and may be subject to any other terms that are not inconsistent with the this Plan. The provisions of the various Restricted Share Unit Agreements entered into under the this Plan need not be identical. RSUs may be granted in consideration of a reduction in the recipient’s other compensation.

Appears in 1 contract

Samples: Restricted Share Unit (Formula Systems (1985) LTD)

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