Company RSU definition
Examples of Company RSU in a sentence
To the extent that any Unvested Company Option Consideration, Unvested Company RSU Consideration or Unvested Company PRSU Consideration is payable to any SpinCo Award Holder, Buyer shall also cause the Surviving Corporation or its Affiliate to remit such amounts in accordance with Section 8.3(b) of the Employee Matters Agreement.
Without limiting the foregoing, a SpinCo Change of Control shall also be treated as a Company Change of Control for purposes of Adjusted Company RSU Awards, Adjusted Company DSU Awards or adjusted Company Options held by SpinCo Group Employees, Former SpinCo Group Employees and SpinCo Group directors.
Additionally, notwithstanding the provisions set forth in Section 8.1(c)(ii), Section 8.1(d)(i) and Section 8.1(d)(ii), in calculating the number of SpinCo Shares subject to SpinCo RSU Awards and the number of Company Shares subject to Adjusted Company RSU Awards held by Company Participants and SpinCo Participants who are subject to taxation in Canada or France as of the Distribution Effective Time, the number of shares subject to such awards will be rounded down to the nearest whole share.
The number of Company Shares subject to the Adjusted Company RSU Award shall be equal to the number of Company Shares subject to the corresponding Shareholder Method RSU Award or Shareholder Method PRSU Award, as applicable, immediately prior to the Distribution Effective Time (which for any unvested Shareholder Method PRSU Award shall be determined pursuant to Section 8.2).
The number of Company Shares subject to the Adjusted Company RSU Award shall be equal to the product (rounded up to the nearest whole share) of (x) the number of Company Shares subject to the corresponding Employer Method RSU Award or Employer Method PRSU Award, as applicable, immediately prior to the Distribution Effective Time (which for any unvested Shareholder Method PRSU Award shall be determined pursuant to Section 8.2), multiplied by (y) the Company Conversion Ratio.