Restricted Stock Unit Grant. In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted promptly following the Commencement Date, under the Stock Plan, an award of 14,063 restricted stock units to be settled in shares of the common stock of ART (the “Restricted Stock Units”), subject to the approval of the Compensation Committee of the Board of Directors of ART. Such award shall be governed by the Stock Plan and a restricted stock unit award agreement between the Executive and ART. Subject to terms of the Stock Plan and the award agreement for the Restricted Stock Units, the Restricted Stock Units shall vest in equal one-third (1/3) installments on the second, third and fourth anniversaries of the date of grant of such award, subject to the Executive’s continuous employment with the Company from the date of grant of such award through such vesting dates, except as otherwise provided in Section 7(b).
Restricted Stock Unit Grant. Pursuant and subject to the restrictions, terms and conditions set forth herein, the Company hereby awards you the number of Restricted Stock Units (the “Restricted Stock Units”) specified in paragraph 7 below. The Restricted Stock Units are subject to certain restrictions as set forth in this Agreement.
Restricted Stock Unit Grant. Subject to the restrictions, terms and conditions of the Company’s 2009 Stock Incentive Plan (the “Plan”) and this Agreement, the Company hereby awards you [ ] Restricted Stock Units. A Restricted Stock Unit is a unit of measurement equivalent to one share of Common Stock but with none of the attendant rights of a holder of a share of Common Stock until a share of Common Stock is ultimately distributed in payment of the obligation (other than the right to receive dividend amounts in accordance with Section 8 hereof).
Restricted Stock Unit Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee ______ restricted stock units (“RSUs”). Each RSU represents the right to receive one share of common stock of the Company (each a “Share”), subject to the terms and conditions and restrictions set forth in this Agreement and the Plan.
Restricted Stock Unit Grant. A grant of a number of restricted stock units which will be payable in shares of common stock (“Common Stock”) of Parent with an economic value as of the Grant Date equal to approximately USD $25,000 (the “Restricted Stock Units”). The Restricted Stock Units will be granted under Parent’s Omnibus Incentive Plan. The Restricted Stock Units will be issued on the Grant Date. For purposes of this 3.3, the determination of the number of Restricted Stock Units to be granted to Executive shall be consistent with the Award Methodology used for valuing restricted stock units granted to employees which has been approved and adopted by the Committee. The agreement granting the Restricted Stock Units will be in substantially the form of agreement approved by the Committee.
Restricted Stock Unit Grant. As a further material inducement for the discharge and settlement of your rights with respect to the CIC Severance pursuant to the Executive Agreement, subject to your compliance with Sections D, F and G of this letter agreement, within five business days following the Closing, subject to the required approvals described in this Section B, you will be entitled to a special one-time grant of restricted stock units (“RSUs”) pursuant to the 2007 Amendment and Restatement of the Xerox Corporation 2004 Performance Incentive Plan (the “PIP”) with respect to a number of shares of Xerox common stock (each, a “Xerox Share”) that have a value as set forth in the Offer Letter. For purposes of determining the number of RSUs described in this Section B, the value of a Xerox Share shall be deemed to be the closing price as reported in The Wall Street Journal in the New York Stock Exchange Composite Transactions on the date that the RSUs are granted (such date, the “Grant Date”). Each RSU shall constitute a promise to deliver (or cause to be delivered) to you, subject to the terms of this letter agreement, the PIP and the restricted stock unit award agreement pursuant to which it is granted, one Xerox Share as soon as reasonably practicable following vesting (the date of vesting, the “Vesting Date”). The grant of RSUs will be subject to approval by the Compensation Committee of the Xerox Board of Directors or an officer of Xerox with the authority to approve such grants as delegated by the Xerox Compensation Committee. The Vesting Date will be the third anniversary of the Grant Date. All terms and conditions with respect to the RSUs shall be governed by the PIP and the restricted stock unit award agreement pursuant to which such RSUs are granted. Such award agreement shall be substantially in the form attached as Exhibit A hereto. Neither the RSUs nor the Xerox Shares delivered thereunder will be considered part of your earnings for purposes of calculating current or future benefits under any compensation or benefit programs maintained or sponsored by the Company, Xerox or any of their respective subsidiaries, including retirement plans, 401(k) plans and other benefit plans.
Restricted Stock Unit Grant. Subject to the terms and conditions set forth in this Agreement and the Plan, the Company hereby grants to the Grantee ______ restricted stock units (“Stock Units”). Each Stock Unit shall represent the right of the Grantee to receive a share of Company common stock (“Company Stock”) on the applicable Redemption Date (as defined below). The Grantee accepts the grant of Stock Units and agrees to be bound by the terms and conditions of this Agreement and the Plan.
Restricted Stock Unit Grant. Prior to April 30, 2021, Colfax will grant you an additional 17,422 Restricted Stock Units that will vest ratably over the three-year period from the date of grant (the “Retention Units”) and will be subject to the terms and conditions of the Colfax 2020 Omnibus Incentive Plan and applicable award agreement thereunder. This grant will be subject to you executing the award agreement and being employed by Colfax or a Successor on the date of grant.
Restricted Stock Unit Grant. The Executive shall be granted a restricted stock unit award in the amount of 140,000 shares (the “RSUs”), which RSUs shall vest 25% on the date of this Agreement and 25% each on the first, second and third anniversaries of the date of this Agreement. The vesting of any tranche of the RSUs shall be conditioned upon the Executive’s continued employment by the Company through the applicable anniversary date, except for the accelerated vesting provided in Section 8.2 and under the terms of the RSU agreement; provided, however that such accelerated vesting shall not accelerate the date that shares of Company stock are issued pursuant to the RSU award. The Executive will not have the rights of a shareholder, including voting and dividend rights, with respect to the RSUs until the underlying shares are issued. The RSUs shall be issued pursuant to the Company’s Flexible Stock Plan.
Restricted Stock Unit Grant. Executive shall be granted, within thirty (30) days following the Effective Date, Fifteen Thousand (15,000) Restricted Stock Units under the Amended and Restated Terran Orbital Corporation 2014 Equity Incentive Plan (“Plan”), subject to the approval of the Board and in such form and with such terms as determined by the Board.
