Examples of Retention RSU in a sentence
Except as provided under the accelerated vesting provisions applicable to Equity Awards set forth herein, the Initial Retention RSU Grant shall become fully vested on July 10, 2008, subject to Employee’s continued full-time employment by the Company on that date.
In the event of a Change of Control during the Employment Term, the Company’s successor, assignee or transferee shall assume the Company obligations to issue the Additional Retention RSU Grant, as provided in Section 4(f)(ii) of this Agreement.
Payment with respect to the Initial Retention RSU Grant shall be made in full no later than ten (10) business days after the date on which such Grant first becomes vested pursuant to the preceding sentence or pursuant to any applicable accelerated vesting provision under Section 5 or Section 6(b).
For avoidance of doubt, the Retention RSU award agreement will provide that the Retention RSUs will not be subject to the special retirement vesting provisions set forth in Section 4.7 of the Plan.
Pursuant to the Special Retention RSU agreements, vesting as a result of retirement is not permitted unless the employee retires after the merger has closed.
Maintaining salary schedules that are comparable to the regional peer average will help the District ensure it is providing adequate compensation to remain competitive when attracting new employees without placing unnecessary strain on its financial condition.
You shall also be required to pay to the Company the amount of all Retention RSU Gain upon the occurrence of those certain events described in Section 11(b) of the Employment Agreement.
This $82.4 million figure does not take into account any potential offsets to the value of the Retention RSU or the effect of the Performance Award Modification.
The New Retention RSU Plan does not provide for automatic accelerated vesting of New Retention RSUs in cases where employment is terminated, upon retirement, or if there is a change of control of TMX Group.
Retention Restricted Stock Unit (“RSU”) awards issued to Employee prior to the Effective Date (as defined below) of this Agreement will continue to vest during the Severance Period and will be paid out in accordance with the terms and conditions of the individual Retention RSU award agreements and as outlined in the provided Summary of Outstanding RSU’s.