Unvested RSUs definition

Unvested RSUs means, on a given date, the number of RSUs which remain unvested.

Unvested RSUs means the total number of RSUs multiplied by the Applicable Percentage at the time such RSUs are forfeited or such other applicable measurement date. The “Applicable Percentage” shall be (i) 100% until December 18, 2008, (ii) less 25% for each year of employment completed by the Participant with the Company from and after December 18, 2008, and (iii) zero on or after December 18, 2011. The total number of Unvested RSUs that become vested on each vesting date shall be referred to as a “Vesting Tranche”.

Unvested RSUs means all (i) outstanding awards of restricted stock units for Common Stock under the Company Stock Plans as of immediately prior to the Effective Time and (ii) awards of restricted stock units for Common Stock to be granted prior to the Effective Time as set forth in Section 7.1(l) of the Company Disclosure Letter to the extent they are granted prior to the Effective Time, in each case, that are unvested pursuant to their vesting terms as of immediately prior to the Effective Time.

Examples of Unvested RSUs in a sentence

• Unvested RSUs may vest before the time at which they would normally become vested - that is, the vesting of RSUs may accelerate.

• RSU Award Agreements shall be treated as Executory Contracts under the Plan and deemed assumed on the Effective Date pursuant to sections 365 and 1123 of the Bankruptcy Code; provided, that the Unvested RSUs shall be the only outstanding RSUs under such RSU Award Agreements on the Effective Date (consistent with (b)(ii), above); provided further, that such RSU Award Agreements shall be subject to adjustment by the current Board of Directors of Debtor Core Scientific, Inc.

• Consistent with the Equity Incentive Plans, as and when the Unvested RSUs vest, to satisfy the holder’s withholding tax obligations, the Debtors may reduce the number of New Common Interests that would otherwise be deliverable on account of the assumed RSU Award Agreement and pay the equivalent cash amount to the applicable tax authorities in respect of such tax obligations.

• In the event the Participant ceases to be a Director for any reason or no reason (other than due to death, Disability or otherwise as provided in the Plan or below), then in each such case, all of the Unvested RSUs as of the date of termination shall terminate and be cancelled immediately and automatically and the Participant shall have no further rights with respect to such Unvested RSUs.

• Notwithstanding anything in the Plan or herein, all Unvested RSUs shall vest in full as of a Change in Control Event (as defined in the Plan).

More Definitions of Unvested RSUs

Unvested RSUs means any Bonus RSUs, Match RSUs or Dividend RSUs which remain unvested as of the date of determination.

Unvested RSUs means as of any date the portion of the RSUs that have not yet vested under Section 3.

Unvested RSUs means any Company Restricted Stock Units that are unvested immediately prior to the Effective Time and that do not vest pursuant to their terms or Section 3.4 hereof in connection with the consummation of any of the Mergers.

Unvested RSUs means the total number of RSUs multiplied by the Applicable Percentage at the time such RSUs are forfeited or such other applicable measurement date. The “Applicable Percentage” shall be (i) 100% until the Initial Vesting Trigger Date, (ii) 75% less 6.25% for each 91 days of employment completed by the Participant with the Company from and after the applicable anniversary of the Grant Date as described in Section 2(a), and (iii) zero on or after the anniversary of Grant Date that precedes the fourth anniversary of the Initial Vesting Trigger Date. The total number of Unvested RSUs that become vested on each vesting date shall be referred to as a “Vesting Tranche”.

Unvested RSUs means any RSUs that are granted to you after the date hereof and, as of your employment termination date, are outstanding but have not yet vested.

Unvested RSUs means “Unvested RSUs” as defined in the applicable Restricted Share Unit Agreement.

Unvested RSUs means, on a given date, the number of RSUs which remain unvested. (iv) “Vested RSUs” shall mean, on a given date, the number of RSUs which are then vested, but for which Shares have not yet been delivered. 3. Dividend Equivalent RSUs. RSUs shall not pay cash dividends. The Participant shall be entitled to receive additional RSUs equal to the number of whole Shares that could have been purchased on the date that any dividends on Shares may be paid, at the Fair Market Value of Shares on that date, as if the dollar amount of any ordinary dividends that are declared on Shares applied to the Shares underlying the RSUs. All such additional RSUs shall be subject to the same terms and conditions applicable herein to the underlying RSUs , including such RSUs becoming Vested RSUs. Notwithstanding the foregoing, if on any date while RSUs are outstanding hereunder the Company shall pay any extraordinary dividend on the Shares, the Committee shall equitably adjust the outstanding RSUs pursuant to Section 10 of the Plan. 4.