Restricted Stock Unit Award definition

Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

Restricted Stock Unit Award means an award of Restricted Stock Units under this Plan.

Restricted Stock Unit Award means an Award of Restricted Stock Unit granted to a Participant under Section 6(e) hereof.

Examples of Restricted Stock Unit Award in a sentence

• Distribution Equivalent Right payments with respect to the Restricted Stock Units will be held by the Company and paid as and when (and only to the extent that) such Restricted Stock Units vest and the underlying shares of Common Stock are issued as set forth in the Restricted Stock Unit Award Agreement.

• The Restricted Stock Unit Award and shares of Stock underlying the Restricted Stock Unit Award do not form part of the Grantee's wages for the purposes of calculating any statutory or contractual payments under Hong Kong law.

• Except as provided in the Restricted Stock Unit Award Agreement with respect to a Change of Control, the Restricted Stock Units will vest on the Vesting Date (as defined in the Restricted Stock Unit Award Agreement), subject to an employment requirement and the MSCI Index Relative Performance over the Performance Period, as described in Section III below and in the Restricted Stock Unit Award Agreement.

• Except as provided in the Restricted Stock Unit Award Agreement with respect to a Change of Control, one-third (1/3rd) of the Restricted Stock Units will be eligible to vest in annual installments over three (3) years, subject to an employment requirement and the Company’s Return on Invested Assets for the applicable Performance Year, as described in Section III below and in the Restricted Stock Unit Award Agreement.

• In consideration for the grant of the Performance Restricted Stock Unit Award (“PRSU”) between [PARTICIPANT NAME] (“Participant”) and Xxxxxx Financial Corporation (“Xxxxxx”) to which Participant agrees Participant is not otherwise entitled, Participant agrees as follows.

More Definitions of Restricted Stock Unit Award

Restricted Stock Unit Award means the right granted to a Participant under Article 10 to receive shares of Stock (or the equivalent value in cash or other property if the Committee so provides) in the future, which right is subject to certain restrictions and to risk of forfeiture.

Restricted Stock Unit Award means an Award in the form of Restricted Stock Units.

Restricted Stock Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

Restricted Stock Unit Award means an Award of Restricted Stock Units under Section 9.

Restricted Stock Unit Award means an unfunded right to receive shares of Common Stock at a future date which is granted pursuant to the terms and conditions of Section 6(b).

Restricted Stock Unit Award means an Award of phantom stock units to a grantee.

Restricted Stock Unit Award means a contractual right granted to an Eligible Person under Section 9 hereof representing notional unit interests equal in value to a share of Common Stock to be paid and distributed at such times, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.