RSU Certificate definition
Examples of RSU Certificate in a sentence
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).
Unless the RSU Certificate provides otherwise, the Plan Sponsor (or the Affiliated Corporation utilizing the services of the RSU Holder) shall deliver any Stock payment as soon as United Western Bancorp, Inc.
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.
The RSU Certificate shall set forth the vesting restrictions as may be determined by the Committee.
Unless the RSU Certificate provides otherwise, if a Participant terminates service for any reason, including death or Disability, the remaining unvested Award at the date of termination shall be forfeited and shall be immediately returned to the Company.
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.
Each RSU Certificate shall state that it covers a specified number of RSUs, as determined by the Committee.
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.
An RSU Certificate shall be issued by the Plan Sponsor in the name of the Participant to whom the Award is granted and in such form as may be approved by the Committee.