RSU. Unless otherwise determined by the Board at the time of grant, a RSU Award will be granted in consideration for the Participant’s services to the Company or an Affiliate, such that the Participant will not be required to make any payment to the Company (other than such services) with respect to the grant or vesting of the RSU Award, or the issuance of any shares of Common Stock pursuant to the RSU Award. If, at the time of grant, the Board determines that any consideration must be paid by the Participant (in a form other than the Participant’s services to the Company or an Affiliate) upon the issuance of any shares of Common Stock in settlement of the RSU Award, such consideration may be paid in any form of consideration as the Board may determine and permissible under Applicable Law.
RSU. In connection with the exchange: (A) the particular holder will receive no consideration for the exchange of such Numberco - Amalco RSU other than a Numberco – Amalco 2 RSU; (B) the number of Amalco 2 Shares for which a Numberco – Amalco 2 RSU will relate will be equal to the number of Amalco Shares issuable pursuant to the Numberco – Amalco RSU; (C) the other material financial terms and conditions of the Numberco – Amalco 2 RSU will be identical to those of the Numberco-Amalco RSU, mutatis mutandis; and (D) the Numberco – Amalco RSU will be cancelled;
RSU. In connection with the exchange: (A) the particular holder will receive no consideration for the exchange of such B+L –RSU other than a B+L – Amalco 2 RSU; (B) the number of Amalco 2 Shares for which a B+L– Amalco 2 RSU will be settled will be equal to the number of B+L Shares issuable pursuant to the B+L RSU; (C) the other material financial terms and conditions of the B+L – Xxxxxx 0 XXX will be identical to those of the X+X XXX, xxxxxxx xxxxxxxx; xxx (X) xxx X+X XXX will be cancelled;
RSU. The Company shall grant to the Executive a restricted stock unit (the “RSU”) to acquire, without payment of any purchase price, a number of Common Shares equal to with a fair value for accounting purposes of $180,000 as of the close of business on January 5, 2022. Subject to continued service with the Company, the Common Shares subject to the RSU shall vest in three equal annual installments, with vesting subject to acceleration in full upon the termination of Executive’s employment (a) by Chembio without Cause or by Executive for Good Reason within twelve months following a Change in Control or (b) due to a Permanent Disability or death. The Company will file a Registration Statement on Form S-8 with respect to the Common Shares covered by the NSO and the RSU prior to the Effective Date. The Executive shall be eligible to receive additional equity awards under the Company’s 2019 Omnibus Incentive Plan or future equity incentive plans, as may be determined from time to time in the discretion of the Compensation Committee.
RSU. 2 shall provide a minimum of two (2) workshop/professional development days to all Educational Technicians each year. In the event RSU #2 chooses to provide more training, all employees of that classification must be provided training. Exception: If training is needed for individual employees to meet a student’s specific needs, that training may be provided on an individual basis. Potential Summer Workshops: Employees will be given a two week notice and the workshop(s) will not occur earlier than five days before and after the start of the school year.
RSU. Finally, upon request of the Employer, the Participant agrees to provide an executed data privacy consent form (or any other agreements or consents that may be required by the Employer) to the Employer that the Employer may deem necessary to obtain from the Participant for the purpose of administering the Participant’s participation in the Plan in compliance with the data privacy laws in the Participant’s country, either now or in the future. The Participant understands and agrees that the Participant will not be able to participate in the Plan if the Participant fails to provide any such consent or agreement requested by the Employer.