RSU Plan definition
Examples of RSU Plan in a sentence
Unless otherwise defined herein, capitalized terms used herein shall have the meaning ascribed to them in the RSU Plan.
In addition, the Corporation and the Recipient acknowledge that even if the RSU Plan is approved by the Corporation’s shareholders, it is possible that given certain limitations regarding the total number of securities that can be issued under the RSU Plan or security based compensation plans at various points in time, the Corporation may be prohibited from delivering all or a portion of the Underlying Common Shares required to be delivered to Recipient upon the vesting of RSUs as set forth herein.
The Corporation and the Recipient acknowledge that the adoption of the RSU Plan and the delivery of Underlying Common Shares upon the vesting of the RSUs granted hereunder is subject to approval by the Corporation’s shareholders, but that there can be no assurances that such shareholder approval will be obtained.