Examples of Award Agreement in a sentence
The purpose of this Appendix to the Restricted Stock Unit Award Agreement (the “Agreement”) between the signatory to the Agreement to which this Appendix is attached (“Participant”), who is employed or resident in Canada or who is or may become subject to Canadian taxes (a “Canadian Participant”), and the Company, is to clarify and confirm that the Agreement is intended to comply with applicable Canadian laws.
The nature of the restrictions to which such property is subject is as follows: The Units may not be transferred and are subject to forfeiture under the terms of the Plan and the Award Agreement.
All capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed thereto in the Award Agreement.
All shares of Restricted Stock (including any shares received by Holders thereof with respect to shares of Restricted Stock as a result of stock dividends, stock splits or any other form of recapitalization) shall, in the terms of the applicable Program or in each individual Award Agreement, be subject to such restrictions and vesting requirements as the Administrator shall provide.
To the extent that the Administrator determines that any Award granted under the Plan is subject to Section 409A of the Code, the Program pursuant to which such Award is granted and the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code.