Examples of Vested Restricted Stock Unit in a sentence
Any Restricted Stock Unit which has become vested in accordance with the foregoing shall be referred to as a “Vested Restricted Stock Unit”, and any Restricted Stock Unit which is not a Vested Restricted Stock Unit, an “Unvested Restricted Stock Unit”.
The amount of cash payable with respect to each Vested Restricted Stock Unit shall be determined as set forth below.
Each Vested Restricted Stock Unit will be settled by the delivery of one Share to you or, in the event of your death, to your designated beneficiary, promptly following the Vesting Date with respect to such Shares, subject to your satisfaction of any tax withholding obligations as described in Paragraph 9 of this Agreement.
Subject to its receipt of all of the documents to be executed and delivered by Participant to the Company under Section 2.1, and upon satisfaction of the conditions set forth in Section 3 and Section 4 of this Agreement, the Company will issue one Share in settlement of each Vested Restricted Stock Unit (as defined below), less any Shares to be withheld pursuant to Section 6 of this Agreement, in the name of Participant on the books and records of the Company.
In the case of an EMA Award in respect of a 2012 Performance Vested Restricted Stock Unit grant under the Noble Plan (“2012 PVRSU Grant”), a bonus, if earned, shall be payable by Paragon with respect the portion of such 2012 PVRSU Grant that was cancelled as a Cancelled Award under the Employee Matters Agreement.
As of the Effective Time, all Vested Restricted Stock Units shall no longer be outstanding and shall automatically cease to exist, and each holder of a Vested Restricted Stock Unit shall cease to have any rights with respect thereto, except the right to receive the RSU Consideration in respect thereof in accordance with the terms of this Section 3.2(b).
Vested Restricted Stock Units shall be paid promptly upon (but not more than thirty (30) days after) the applicable Vesting Date by delivery of one share of Common Stock for each such Vested Restricted Stock Unit being paid as of such date, subject to the terms of the Plan and this Agreement.
Notwithstanding the foregoing, but subject to Sections 3.1, 5.3 and 5.8 (i) the Restriction Period of a Restricted Stock Unit Award not subject to Performance Measures shall not be less than one (1) year, subject to pro-rata vesting during such one-year Restriction Period, and (ii) the Performance Period of a Restricted Stock Unit Award subject to Performance Measures shall not be less that one (1) year.(c)Settlement of Vested Restricted Stock Unit Awards.
Each Vested Restricted Stock Unit will be settled RESTRICTED STOCK UNITS by the delivery of one share of Common Stock AND ISSUANCE OF SHARES (subject to adjustment under Section 3(c) of the Plan, a "Share") to you or, in the event of your death, to your designated beneficiary, promptly following the Vesting Date with respect to such Shares, subject to your satisfaction of any tax withholding obligations as described in Paragraph 9 of this Agreement.
At the time of any distribution, (i) each Vested Restricted Stock Unit under the Participant’s Account shall be converted into one share of the Company’s Common Stock and such share shall be distributed to the Participant.