Awardee definition
Examples of Awardee in a sentence
Notwithstanding the foregoing, if requested by Awardee, the Company shall withhold such number of Shares as the Awardee reasonably requires in order to cover Awardee’s federal, state income and employment tax obligations incurred or expected to be incurred by Awardee as a result of the vesting and settlement of the RSUs. The Company shall be solely responsible for remitting tax withholdings to appropriate governmental bodies and agencies.
All notices to the Awardee or other person or persons then entitled to exercies any right pursuant to this Agreement shall be delivered to the Awardee or such other person or persons at the Awardee’s address specified below the Awardee’s signature to this Agreement or at such other address as the Award or such other person may specify in writing to the Grantor by a notice delivered in accordance with this paragraph.
The Company and the Board shall take all necessary measures to ensure that all Shares deliverable by the Company to Awardee upon vesting of the RSUs shall (i) not contain any legends (except, if required by law, if Awardee is a control person), and (ii) shall be freely transferable (including in publicly traded open market transactions) by Awardee upon receipt.
The Company hereby awards the Awardee the number of Restricted Share Units under the Plan (each an “RSU” and collectively the “RSUs”) set forth in Exhibit A.
The Awardee shall not be entitled to any of the rights of a shareholder with respect to any Share following vesting of an RSU until such Share is issued and delivered to the Awardee.