Rights With Respect to Rsus Clause Samples
The "Rights with Respect to RSUs" clause defines the specific entitlements and limitations that a recipient has regarding Restricted Stock Units (RSUs) granted by an employer. Typically, this clause clarifies that holders of RSUs do not possess shareholder rights, such as voting or receiving dividends, until the RSUs have vested and actual shares are issued. For example, an employee may be granted RSUs as part of their compensation, but they will only gain full ownership and associated rights after meeting certain vesting conditions. The core function of this clause is to set clear expectations about what rights are and are not conferred by RSUs, thereby preventing misunderstandings about the nature of the award.
Rights With Respect to Rsus. Except as otherwise provided in this Section 3, the Participant shall not have any rights, benefits, or entitlements with respect to the Shares corresponding to the RSUs unless and until those Shares are delivered to the Participant. On or after delivery, the Participant shall have, with respect to the Shares delivered, all of the rights of a holder of Shares granted pursuant to the articles of incorporation and other governing instruments of the Company, or as otherwise available at law.
Rights With Respect to Rsus. (a) No Rights as Shareholder Until Delivery. Except as otherwise provided in this Section 5, the Recipient shall not have any rights, benefits or entitlements with respect to the Shares corresponding to the RSUs unless and until those Shares are delivered to the Recipient. On or after such delivery, the Recipient shall have, with respect to the Shares delivered, all of the rights of a holder of Shares granted pursuant to the certificate of incorporation, bylaws and other governing instruments of the Company, or as otherwise available at law.
Rights With Respect to Rsus. ▇▇. ▇▇▇▇▇▇’▇ rights with respect to the RSUs shall remain forfeitable at all times prior to the date on which such rights become vested in accordance with Section 2 above. ▇▇. ▇▇▇▇▇▇ shall not be entitled to any rights of a stockholder of the Company’s Common Stock solely by reason of the award of RSUs hereunder, and further, neither ▇▇. ▇▇▇▇▇▇ nor his legal representatives shall have any of the rights and privileges of a stockholder of the Company with respect to shares of Common Stock issuable in payment of the RSUs unless and until certificates or other evidence of ownership for such shares shall have been issued or recorded pursuant to Section 4 below.
Rights With Respect to Rsus