Initial Restricted Stock Unit Grant definition

Initial Restricted Stock Unit Grant means an equity grant made under Section 4.1 of this Plan.
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Initial Restricted Stock Unit Grant shall have the meaning set forth in Section 4(c).
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Examples of Initial Restricted Stock Unit Grant in a sentence

  • The Executive was awarded on ----------------------------------- the Effective Date an initial grant of 685,468 shares of deferable restricted stock units ("Initial Restricted Stock Unit Grant") to vest 25% on June 30, 2000, 25% on January 31, 2001, 25% on January 31, 2002, and 25% on June 30, 2008.

  • The Initial Restricted Stock Unit Grant will be subject to the Stock Plan and the applicable award agreement, and subject to its terms, the Initial Restricted Stock Unit Grant will vest 100% on the third-year anniversary of the grant date, subject to the Executive’s continuing employment with the Company from the grant date through the third-year anniversary of the grant.

  • Subject to Section 8(d)(vi) hereof, if either of the Initial Stock Option Grant or the Initial Restricted Stock Unit Grant is not expressly assumed in a Change in Control, such award will fully vest upon such Change in Control (and participate fully with other stockholders in such Change in Control).

  • In recognition of certain compensation forfeited as a result of Executive's resignation from his prior employment, the Executive shall be awarded deferrable restricted stock units ("Initial Restricted Stock Unit Grant"), vesting 50% of such units on each of the first and second anniversaries of the Effective Date, in accordance with the forms of restricted stock unit award attached hereto as Exhibits B-1 and B-2.

  • The Initial Restricted Stock Unit Grant will include a provision that permits shares to be withheld to cover tax withholding obligations.

  • If the Executive's employ- -------------------------------- ment is terminated for Cause or if the Executive terminates the Executive's employment without Good Reason, Mattel shall pay the Executive all Accrued Obligations, all unvested portions of the Initial Option Grant and the Initial Restricted Stock Unit Grant shall be forfeited, and Mattel shall have no further obligations to the Executive under this Agreement.

  • To the extent not already vested, the Initial Stock Option Grant and the Initial Restricted Stock Unit Grant will fully vest upon a Change in Control (and participate fully with other stockholders in such Change in Control) if Executive is providing services in any capacity (including, but not limited to, service as a member of the Board) to the Company on the date of such Change in Control.

  • All unexercised stock options and all unpaid restricted stock units and other equity incentive compensation awards theretofore granted to the Executive, including, without limitation, the Initial Option Grant, and the Initial Restricted Stock Unit Grant, shall be exercisable or forfeited, as the case may be, in accordance with the applicable agreement or award between Employer and the Executive.

  • Unit Grant will be granted under a non-stockholder approved arrangement outside of any Company equity plan pursuant to the Nasdaq’s “inducement exception.” Executive agrees that the granting of the Initial Stock Option Grant and Initial Restricted Stock Unit Grant is an inducement material to Executive’s decision to enter into this Agreement and accept employment with the Company.

  • In addition, if Executive is providing services as the Chief Executive Officer or as a member of the Board on the date of a Change in Control, to the extent not already vested, all other outstanding equity awards, including the Initial Restricted Stock Unit Grant, will fully vest upon such Change in Control (and participate fully with other stockholders in such Change in Control).

Related to Initial Restricted Stock Unit Grant

  • Restricted Stock Unit Agreement means the agreement consistent with the terms of the Plan between the Company and the recipient of a Restricted Stock Unit that contains the terms, conditions and restrictions pertaining to such Restricted Stock Unit.

  • Company Restricted Stock Unit means any restricted stock unit award subject to service-based vesting, payable in shares of Company Common Stock or the value of which is determined with reference to the value of shares of Company Common Stock, whether granted under a Company Stock Plan or otherwise.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Company Restricted Stock Award means each award with respect to a share of restricted Company Common Stock outstanding under any Company Stock Plan that is, at the time of determination, subject to forfeiture or repurchase by the Company.

  • Restricted Stock Plan means the RPM, Inc. 1997 Restricted Stock Plan and any successor plan or arrangement thereto.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Restricted Share Award means an award of Restricted Shares.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock Agreement means the agreement between the Company and the recipient of a Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share.