Restricted Share Unit definition

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

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Restricted Share Unit means a right, granted under Section 5(e), to receive Shares or cash at the end of a specified deferral period.

Restricted Share Unit or “RSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 5;

Examples of Restricted Share Unit in a sentence

In the event of a Change in Control, the Company, or the entity that is the surviving entity or successor to the Company following such transaction, may elect to (a) to continue this Performance-Based Restricted Share Unit Award subject to the terms of this Agreement and the Plan and subject to such adjustments, if any, by the Committee as permitted by Section 5.2(f) of the Plan; or (b), if the Change in Control also satisfies the definition of “change in control event” as set forth in Treas.
On the Delivery Date, the Participant shall receive a number of Shares in settlement of the Participant’s Performance-Based Restricted Share Unit Award.
Except as otherwise provided by the Committee in writing, the Performance-Based Restricted Share Unit Award (and Covered Units or Restricted Shares subject to this award) may not be sold, assigned, transferred, pledged, or otherwise encumbered.
This Agreement specifies the terms of the Performance-Based Restricted Share Unit Award granted to the Participant.
The Performance-Based Restricted Share Unit Award will not confer on the Participant any right with respect to continuance of employment or other service with the Company or any Subsidiary, nor will it interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate or modify the terms of such Participant’s employment or other service at any time.

More Definitions of Restricted Share Unit

Restricted Share Unit means an Award granted pursuant to Article 7.

Restricted Share Unit means an unfunded, unsecured right to receive, on the applicable settlement date, one Share or an amount in cash or other consideration determined by the Administrator to be of equal value as of such settlement date, subject to certain vesting conditions and other restrictions.

Restricted Share Unit means a grant or sale of the right to receive Shares or cash at the end of a specified restricted period made pursuant to Section 9.

Restricted Share Unit or “RSU” means a right granted to a Participant to receive Shares or cash upon the lapse of restrictions imposed under Section 7.

Restricted Share Unit means a right awarded to a Participant to receive a payment in Shares as provided in Section 5(a) hereof and subject to the terms and conditions of this Plan and the applicable Award Agreement;

Restricted Share Unit means any unit granted under Sections 7 or 10 of the Plan.

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