Common use of Certain Trusts Clause in Contracts

Certain Trusts. Upon receiving written permission from the Board or its duly authorized designee, you may transfer your RSU to a trust if you are considered to be the sole beneficial owner (determined under Section 671 of the Code and applicable state law) while the RSU is held in the trust. You and the trustee must enter into transfer and other agreements required by the Company. ​

Appears in 3 contracts

Sources: Restricted Share Unit Agreement (Renren Inc.), Restricted Share Unit Agreement (Renren Inc.), Restricted Share Unit Agreement (Renren Inc.)