Common use of Restricted Stock Unit Award Clause in Contracts

Restricted Stock Unit Award. (a) The Company hereby grants to the Participant the RSU Award consisting of Restricted Stock Units (with a maximum award opportunity of Restricted Stock Units), all as set forth on Schedule A attached hereto. The Restricted Stock Units granted by the RSU Award are notional units of measurement denominated in shares of Stock (i.e., one Restricted Stock Unit is equivalent in value to one share of Stock, subject to the terms hereof). The Restricted Stock Units represent an unfunded, unsecured contractual right.

Appears in 10 contracts

Samples: Restricted Stock Unit Agreement (Pepco Holdings Inc), Restricted Stock Unit Agreement (Pepco Holdings Inc), Restricted Stock Unit Agreement (Potomac Electric Power Co)

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Restricted Stock Unit Award. (a) The Company hereby grants to the Participant Participant, on the RSU Award consisting terms and conditions hereinafter set forth, an award (the “Award”) of Restricted Stock Units restricted stock units (with a maximum award opportunity of Restricted Stock Unitsthe “RSUs”), all effective as set forth on Schedule A attached heretoof the date hereof. The Restricted Stock Units granted by the RSU Award RSUs are notional notional, non-voting units of measurement denominated in shares based on the Fair Market Value of Stock (i.e.the Common Stock, one Restricted Stock Unit is equivalent in value which will entitle the Participant to one share of Stockreceive a payment, subject to the terms hereof). The Restricted , in shares of Class A Common Stock Units represent an unfundedof the Company, unsecured contractual rightas provided in Section 6 hereof.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Towers Watson & Co.), Restricted Stock Unit Award Agreement (Towers Watson & Co.), Restricted Stock Unit Award Agreement (Towers Watson & Co.)

Restricted Stock Unit Award. (a) The Company hereby grants to the Participant the RSU Award consisting of ___________ Restricted Stock Units (with a maximum award opportunity of _________ Restricted Stock Units), all as set forth on Schedule A attached hereto. The Restricted Stock Units granted by the RSU Award are notional units of measurement denominated in shares of Stock (i.e., one Restricted Stock Unit is equivalent in value to one share of Stock, subject to the terms hereof). The Restricted Stock Units represent an unfunded, unsecured contractual right.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Pepco Holdings Inc), Restricted Stock Unit Agreement (Pepco Holdings Inc)

Restricted Stock Unit Award. (a) The Company hereby grants to the Participant the RSU Award consisting of Restricted Stock Units (with a maximum award opportunity of Restricted Stock Units), all as set forth on Schedule A attached hereto. The Restricted Stock Units granted by the RSU Award are notional units of measurement denominated in shares of Stock (i.e., one Restricted Stock Unit is equivalent in value to one share of Stock, subject to the terms hereof). The Restricted Stock Units represent an unfunded, unsecured contractual right.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Pepco Holdings Inc)

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Restricted Stock Unit Award. (a) The Company hereby grants to the Participant the RSU Award consisting of Restricted Stock Units (with a maximum award opportunity of Restricted Stock Units), all as set forth on Schedule A attached hereto. The Restricted Stock Units granted by the RSU Award are notional units of measurement denominated in shares of Stock (i.e., one Restricted Stock Unit is equivalent in value to one share of Stock, subject to the terms hereof). The Restricted Stock Units represent an unfunded, unsecured contractual right.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Pepco Holdings Inc)

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