Settled RSUs definition

Settled RSUs has the meaning set forth in Section 2.08(c).
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Examples of Settled RSUs in a sentence

  • Parent shall use its reasonable best efforts to, in accordance with the requirements of the Stock Exchange, submit to the Stock Exchange a notification of the Parent Shares to be issued in connection with the Merger (including Parent Shares to be reserved upon exercise of Rollover Options and the settlement of Rollover RSUs and Settled RSUs), prior to the Effective Time.

  • Parent shall use its reasonable best efforts to, in accordance with the requirements of the Stock Exchange, submit to the Stock Exchange a notification of the Parent Shares to be issued in connection with the Merger (including Parent Shares to be reserved upon the settlement of Rollover RSUs, Settled Options and Settled RSUs), prior to the Effective Time.

  • Settlement means the delivery of the Shares in respect of RSUs (other than the Cash Settled RSUs) that vest or, with respect to the Cash Settled RSUs, the delivery of cash in an amount equal to the product of (a) the Fair Market Value of a Share on the applicable vesting date, multiplied by (b), the number of Cash Settled RSUs that vest.

  • On the Cash Settled Vesting Date or as soon as practicable thereafter, the Company shall deliver to the Participant a cash payment equal to the value of the Cash Settled RSUs as of the Cash Settled Vesting Date, less any federal, state, local or foreign withholding obligations that arise in connection with such settlement in accordance with the terms of the Plan.

  • The RSUs shall be eligible to be earned in four separate tranches (each, a “Tranche”), as set forth on Exhibit A hereto, subject to (i) achievement on any Measurement Date of a VWAP that equals or exceeds the applicable VWAP Objective set forth on Exhibit A with respect to such Tranche and, (ii) with respect to any Share Settled RSUs, satisfaction of the Applicable Service Condition corresponding to such Tranche as set forth on Exhibit A.

  • On the Grant Date, the Company hereby grants to the Participant (i) 600,000 Cash Settled RSUs and (ii) 300,000 Share Settled RSUs (collectively, the “Grant Date RSUs”).

  • Settlement of RSUs shall be in Shares; except with respect to the first 39,452 RSUs (i.e., those 13,150 RSUs that vest on May 25, 2024 and those 13,151 RSUs that vest on each of August 25, 2024 and November 25, 2024, such portion the “Cash Settled RSUs”), which Cash Settled RSUs shall be settled in cash.

  • On January 2, 2023, provided that the Participant is employed by the Company on such date, the Participant shall receive an additional grant of 300,000 Share Settled RSUs (the “2023 RSUs” and together with the Grant Date RSUs, the “RSUs”), in each case, on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

  • The Company shall issue the Shares in respect of any Share Settled RSUs either (i) in certificate form or (ii) in book entry form, registered in the name of the Participant.

  • On the Stock Settled Vesting Date or as soon as practicable thereafter, the Company shall deliver to the Participant one or more certificate(s) representing the number of Shares equal to the number of Stock Settled RSUs which vested on the Stock Settled Vesting Date.

Related to Settled RSUs

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • RSUs means restricted stock units.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.