Common use of Grant of Restricted Share Units Clause in Contracts

Grant of Restricted Share Units. The Company hereby grants to the Participant, on the terms and conditions hereinafter set forth, units evidencing a right to receive a target number of Common Shares (or a lesser or greater number of Common Shares, or no Common Shares whatsoever) as indicated in the grant summary in the Freescale equity recordkeeping system, based on the Company’s achievement of the performance goals set forth on Appendix A hereto (the “Performance Goals”), which Appendix A is incorporated herein by reference and made a part hereof, all in accordance with the terms and conditions of this Agreement (the “Restricted Share Units” or “Restricted Share Unit Award”). Shares corresponding to the Restricted Share Units, if any, are to be delivered to the Participant only after the Performance Goals have been achieved and certified as described in Section 3 and the Participant has become vested in the Restricted Share Units pursuant to Section 4 or Section 5 below.

Appears in 5 contracts

Samples: Restricted Share Unit Award Agreement (Freescale Semiconductor, Ltd.), Performance Restricted Share Unit Award Agreement (Freescale Semiconductor, Ltd.), Form Performance Restricted Share Unit Award Agreement (Freescale Semiconductor, Ltd.)

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Grant of Restricted Share Units. The Company hereby grants to the ParticipantExecutive, on the terms and conditions hereinafter set forth, units evidencing a right to receive a target number of Common Shares (or a lesser or greater number of Common Shares, or no Common Shares whatsoever) as indicated in the grant summary in the Freescale equity recordkeeping system, based on the Company’s achievement of the performance goals set forth on Appendix A hereto (the “Performance Goals”), which Appendix A is incorporated herein by reference and made a part hereof, all in accordance with the terms and conditions of this Agreement (the “Restricted Share Units” or “Restricted Share Unit Award”). Shares corresponding to the Restricted Share Units, if any, are to be delivered to the Participant Executive only after the Performance Goals have been achieved and certified as described in Section 3 and the Participant Executive has become vested in the Restricted Share Units pursuant to Section 4 or Section 5 below.

Appears in 3 contracts

Samples: Performance Restricted Share Unit Award Agreement (Freescale Semiconductor, Ltd.), Performance Restricted Share Unit Award Agreement (Freescale Semiconductor, Ltd.), Restricted Share Unit Award Agreement (Freescale Semiconductor, Ltd.)

Grant of Restricted Share Units. The Company hereby grants to the ParticipantExecutive, on the terms and conditions hereinafter set forth, units evidencing a right to receive a target number of Common Shares (each a “Share” and collectively, the “Shares”) (or a lesser or greater number of Common Shares, or no Common Shares whatsoever) as indicated in the grant summary in the Freescale equity recordkeeping system), based on the Company’s achievement of the performance goals set forth on Appendix A hereto (the “Performance Goals”), which Appendix A is incorporated herein by reference herein and made a part hereof, all in accordance with the terms and conditions of this Agreement (the “Restricted Share Units” or “Restricted Share Unit Award”). Shares corresponding to the Restricted Share Units, if any, Units granted herein are in all events to be delivered to the Participant only after the Performance Goals have been achieved and certified as described in Section 3 and the Participant has become vested in the Restricted Share Units pursuant to Section 4 or Section 5 below.

Appears in 1 contract

Samples: Agreement (Freescale Semiconductor, Ltd.)

Grant of Restricted Share Units. The Company hereby grants to the ParticipantExecutive, on the terms and conditions hereinafter set forth, units evidencing a right to receive a target number of 74,487 Common Shares (each a “Share” and collectively, the “Shares”) (or a lesser or greater number of Common Shares, or no Common Shares whatsoever) as indicated in the grant summary in the Freescale equity recordkeeping system), based on the Company’s achievement of the performance goals set forth on Appendix A hereto (the “Performance Goals”), which Appendix A is incorporated herein by reference herein and made a part hereof, all in accordance with the terms and conditions of this Agreement (the “Restricted Share Units” or “Restricted Share Unit Award”). Shares corresponding to the Restricted Share Units, if any, Units granted herein are in all events to be delivered to the Participant only after the Performance Goals have been achieved and certified as described in Section 3 and the Participant has become vested in the Restricted Share Units pursuant to Section 4 or Section 5 below.

Appears in 1 contract

Samples: 2011 Omnibus Incentive Plan (Freescale Semiconductor, Ltd.)

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Grant of Restricted Share Units. The Company hereby grants to the ParticipantExecutive, on the terms and conditions hereinafter set forth, units evidencing a right to receive a target number of Common Shares (or a lesser or greater number of Common Shares, or no Common Shares whatsoever) as indicated in the grant summary in the Freescale equity recordkeeping system), based on the Company’s achievement of the performance goals set forth on Appendix A hereto (the “Performance Goals”), which Appendix A is incorporated herein by reference herein and made a part hereof, all in accordance with the terms and conditions of this Agreement (the “Restricted Share Units” or “Restricted Share Unit Award”). Shares corresponding to the Restricted Share Units, if any, Units granted herein are in all events to be delivered to the Participant only after the Performance Goals have been achieved and certified as described in Section 3 and the Participant has become vested in the Restricted Share Units pursuant to Section 4 or Section 5 below.

Appears in 1 contract

Samples: Performancee Restricted Share Unit Award Agreement (Freescale Semiconductor Holdings I, Ltd.)

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