Examples of Matching RSU Award in a sentence
In the event that a Participant experiences a termination of employment and is granted severance and is therefore permitted to continue to vest in one or more installments of a Participant Purchased RSU or Company Matching RSU Award pursuant to Section XIII (A), such installments shall continue to be subject to settlement only after the vesting date originally applicable to such installments and during the settlement period set forth above in this Section XIV (C).
If a Participant does, whether voluntarily or involuntarily, then the Designated Corporate Officer may determine that the related Matching RSU Award lapses.
The number of Shares subject to a Matching RSU Award shall be equal to 25% of the number of Shares subject to the RSU Award granted or the number of Bonus Investment Shares acquired and in respect of which the Matching RSU Award is awarded, or such other percentage as the Board may in its absolute discretion determine prior to the Award Date of the Matching RSU Award.
Subject to rule 4 (limits), the number of Shares notionally comprised in a Matching RSU Award granted to a Participant shall be equal to the number of Shares comprised in the Deferral Award (before any tax withholding).
The undersigned acknowledges receipt of, and understands and agrees to, all of the terms and conditions of this Performance Restricted Stock Unit and Matching RSU Award Grant Notice, the Restricted Stock Unit and Matching RSU Award Agreement and the Plan.
With respect to any Matching RSU Award that is considered “deferred compensation” subject to Section 409A of the Code, references in the Plan to “termination of employment” (and substantially similar phrases) shall mean “separation from service” within the meaning of Section 409A of the Code.
The Committee may approve of different Matching RSU Award Agreements for each jurisdiction where Participants participate in the Plan.
Unless otherwise set forth in a Matching RSU Award Agreement, each Matching RSU Award shall vest on the date that is one (1) year from the last day of the Purchase Period to which such Matching RSU Award relates based upon continuous employment with a Participating Company though such date.
For purposes of the Plan, a Matching RSU Award Agreement may be in any such form (written or electronic) as determined by the Committee (including, without limitation, a Committee resolution, an employment agreement, a notice, a certificate or a letter) evidencing the Matching RSU Award.
Designated Corporate Officer's decision final and binding The decision of the Designated Corporate Officer on the interpretation of the Plan or in any dispute relating to a Deferral Award or a Matching RSU Award or matter relating to the Plan will be final and conclusive.