Common use of Conversion of Restricted Stock Units Clause in Contracts

Conversion of Restricted Stock Units. Upon vesting of a Restricted Stock Unit, one share of Common Stock (“Stock”) shall be issued to Officer for each Restricted Stock Unit, subject to any reduction in the number of Common shares to be issued as pursuant to section 8.3

Appears in 2 contracts

Sources: Employment Agreement (BofI Holding, Inc.), Employment Agreement (BofI Holding, Inc.)

Conversion of Restricted Stock Units. Upon vesting of a Restricted Stock Unit, one share of Common Stock (“Stock”) shall be issued to Officer for each Restricted Stock Unit, subject to any reduction in the number of Common shares to be issued as pursuant to section Section 8.3.

Appears in 1 contract

Sources: Employment Agreement (BofI Holding, Inc.)