Stock Unit. Each share of Series A Preferred Stock shall be convertible, at the times and places and in the manner referred to in this Section 5, into one "Stock Unit". The contents of a Stock Unit as of the date of filing of this Certificate of Designation with the Secretary of State of the State of Delaware, shall be one (1) share of Common Stock (as constituted upon such date) of the Corporation. The contents of a Stock Unit shall thereafter be subject to adjustment in accordance with the provisions of Section 5(B).
Stock Unit. Notwithstanding anything to the contrary contained in this Agreement or the Warrants, if immediately prior to the Expiration Date, the Exercise Price shall be less than the then Current Market Price, then the Warrants shall be deemed exercised without further action on the part of any Holder, notwithstanding that such Holder did not deliver notice of exercise, as provided for in this Section 4. Any notice required under this Section 4 may be in the form of the Subscription Form attached hereto as Exhibit B. Upon delivery thereof, the Company shall as promptly as practicable and in any event within ten (10) Business Days thereafter, cause to be executed and delivered to such Holder a certificate or certificates representing the aggregate number of fully-paid and nonassessable shares of Common Stock issuable upon such exercise. The stock certificate or certificates for Warrant Stock so delivered shall be in such denominations as may be specified in said notice and shall be registered in the name of such Holder or, subject to Section 12, such other name or names as shall be designated in said notice. Such certificate or certificates shall be deemed to have been issued and such Holder or any other Person so designated to be named therein shall be deemed to have become a Holder of record of such shares with all rights pursuant thereto, including to the extent permitted by law the right to vote such shares or to consent or to receive notice as a stockholder, as of the time said notice is delivered to the Company as aforesaid. If the Warrants shall have been exercised only in part, the Company shall, at the time of delivery of said certificate or certificates, deliver to such Holder a new Warrant Certificate dated the date it is issued, evidencing the rights of such Holder to purchase the remaining Stock Units called for by the Warrants held by such Holder, which new Warrant Certificate shall in all other respects be identical with the Warrant Certificate(s) surrendered, or, at the request of such Holder, appropriate notation may be made on the Warrant Certificate surrendered and such Warrant Certificate shall be returned to such Holder. The Company shall pay all expenses, taxes (other than income or similar taxes imposed on any Holder) and other charges payable in connection with the preparation, issuance and delivery of stock certificates under this Section 4. Whenever shares of Common Stock are to be issued upon exercise of the Warrants in the manner provided ...
Stock Unit. Transferability This grant is an award of Stock Units in the number of units set forth on the cover sheet, subject to the vesting conditions described below. Your Stock Units may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor may the Stock Units be made subject to execution, attachment or similar process. Vesting Your Stock Unit grant shall vest according to the schedule set forth on the cover sheet; provided that you remain in Service on the relevant vesting dates. If your Service is terminated other than by reason of death or Disability, you will forfeit any Stock Units in which you have not yet become vested. If you die or incur a Disability prior to any of the relevant vesting dates, then your interest in the Stock Units will become 100% vested upon the date of such event (the “Accelerated Vesting Date”).
Stock Unit. The Stock Units will be fully vested on July 5, 2006 (the “Stock Unit Vest Date”) and you will at that time be entitled to receive the Shares on the terms and conditions set forth in this Agreement.
Stock Unit. Stock Unit shall mean an award denominated in units convertible into Stock, which may be earned and vested based on performance or the passage of time, as described in the Plan or a Participant’s Award Agreement or both. A Stock Unit might also be called a “Restricted Stock Unit” or RSU, or a “Performance Stock Unit” or PSU, depending upon its terms.
Stock Unit. A “Stock Unit” Award shall mean a right to receive shares of Stock in the future.
Stock Unit. On or after delivery of any Shares, the Participant shall have, with respect to any Shares delivered, all of the rights of an equity interest holder of the Company, including the right to vote the Shares and the right to receive all dividends (if any) as may be declared on Shares from time to time.
Stock Unit. An Election Notice may be in the form of the subscription set out at the end of this Warrant. Upon delivery thereof, the Issuer shall as promptly as practicable, and in any event within two (2) Business Days thereafter, cause to be executed and delivered to such Holder a certificate or certificates representing the aggregate number of fully-paid and nonassessable shares of Common Stock issuable upon such exercise. The stock certificate or certificates for Warrant Stock so delivered shall be in such denominations as may be specified in the Election Notice and shall be registered in the name of such Holder or such other name or names as shall be designated in the Election Notice. Such certificate or certificates shall be deemed to have been issued and such Holder or any other Person so designated to be named therein shall be deemed to have become a holder of record of such shares, and shall have rights including, to the extent permitted by law, the right to vote such shares or to consent or to receive notice as a stockholder, as of the time the Election Notice is delivered to the Issuer in accordance with this Section 2(b). If this Warrant shall have been exercised only in part, the Issuer shall, at the time of delivery of said certificate or certificates, deliver to such Holder a new Warrant dated the date of the
Stock Unit. Grant Subject to the terms and conditions set forth in this Unit Agreement and in Section 10 of the Plan, the Executive is hereby granted 10,000 Stock Units. Each Stock Unit represents the right to receive one share of Restricted Stock (collectively, with other shares of stock relating to the Stock Units and held in the Executive's account in the Trust (as defined below) in respect of the Stock Units, the "Shares"). The Shares shall be promptly deposited after the date hereof in the grantor trust created pursuant to the Grantor Trust Agreement, dated as of October 1, 1995 between the Company and American Express Trust Company, a Minnesota trust company (together with any grantor trust subsequently established by the Company, the "Trust") and shall be allocated by the Trust to the Executive's account therein subject to the forfeiture conditions of Section 3 below. Any property attributable to the Shares, including, without limitation, dividends and distributions thereon, shall be deposited into the Trust, shall as promptly as practicable be reinvested in shares of stock, and shall be allocated by the Trust to the Executive's account therein subject to the forfeiture conditions of Section 3 below.
Stock Unit. Subject to the terms and conditions set forth in the Plan and this Agreement, the Company awards to the Participant an Award of [ ] Stock Units (the “Award”), subject to adjustment as provided in Section 18.1 of the Plan. For purposes of the Plan, this Agreement and, if applicable, the Participant’s employment or service agreement with the Company or an Affiliate, references to the “target” award shall mean the full number of Stock Units set forth in this Paragraph 1. The Stock Units, or a portion thereof, will be earned on the achievement of the applicable performance goal set forth in Exhibit A to this Agreement during the period commencing on Grant Date and ending __________, 20__ (the “Performance Period”). The Stock Units covered by the Award are subject to forfeiture in the event the Participant ceases to be a Service Provider prior to vesting of such shares in accordance with the schedule in Paragraph 3, or as otherwise set forth in Paragraph 4, in each case except as may be provided otherwise in the Participant’s employment or service agreement with the Company or an Affiliate, if applicable.
