Examples of RSU Certificate in a sentence
Capitalized terms that are not otherwise defined herein have the meanings assigned to them in the RSU Certificate or the Plan.
In the event of any conflict between the provisions of the RSU Certificate (including the definitions set forth herein) and those of the Plan, the provisions of the Plan will control.
Following redemption of all RSUs granted under an RSU Certificate, the RSU Certificate shall be terminated.
Restricted Stock Units shall be granted as of the date specified in the RSU Certificate.
In no event shall the redemption of RSUs granted under one RSU Certificate affect the redemption of any RSUs under the same RSU Certificate or any other RSU Certificate or affect the number of RSUs which may be redeemed.
By: _________________________________________Its: Authorized Officer Grant Date: ________________________________ Director RSU Certificate -- Appd.
If the RSU Certificate specifies that payment of the RSU shall be made in cash, the Plan Sponsor (or the Affiliated Corporation utilizing the services of the RSU Holder) shall make a cash payment for each RSU equal to the Fair Market Value of a Share on the date the RSU is vested, less any withholdings (as determined under Section 6.7).
If the RSU Certificate specifies that payment of the RSU shall be made in Shares, the Plan Sponsor (or the Affiliated Corporation utilizing the services of the RSU Holder) shall deliver one Share for each RSU to the RSU Holder, less any withholdings (as determined under Section 6.7).
Each RSU Certificate shall state that it covers a specified number of RSUs, as determined by the Committee.
Upon determination by the Committee to grant Restricted Stock Units to a Participant, the Company, by action of the Committee, shall give the Participant an RSU Certificate.