Common use of RSU Grants Clause in Contracts

RSU Grants. As soon as practicable following the Closing, Parent shall grant restricted stock units (“Parent RSUs”) having an aggregate grant date value of up to $12,000,000 to certain Continuing Employees. The Parent RSUs will be subject to the terms and conditions specified in the applicable Parent RSU agreement, and be subject to vesting as follows: 1/3rd of such RSUs shall vest on the Closing Date, 1/3rd of such RSUs shall vest 6 months after the Closing Date and 1/3rd of such RSUs shall vest 12 months after the Closing Date.

RSU Grants. As soon as practicable following the Closing, Parent shall grant restricted stock units (“Parent RSUs”) having an aggregate grant date value of up to $12,000,000 10,000,000 to certain Continuing Employees. The Parent RSUs will be subject to the terms and conditions specified in Parent’s applicable equity plan(s) and the applicable Parent RSU agreement, agreement and be subject to vesting as follows: 1/3rd of such RSUs shall will vest on the Closing Date, 1/3rd of such RSUs shall vest 6 months after the Closing Date and 1/3rd of such RSUs shall vest 12 months after the Closing Dateover a four-year period following issuance thereof.