Common use of Conversion of RSUs and Issuance of Shares Clause in Contracts

Conversion of RSUs and Issuance of Shares. Upon each vesting of the Award (each, a “Vest Date”), one share of Common Stock shall be issuable for each RSU that vests on such Vest Date (the “Shares”), subject to the terms and provisions of the Plan and this Agreement. Thereafter, the Company will transfer such Shares to you upon satisfaction of any required Tax-Related Items (as defined in Section 10). No fractional shares shall be issued under this Agreement.

Appears in 2 contracts

Sources: Restricted Stock Unit Award Agreement (RumbleOn, Inc.), Restricted Stock Unit Award Agreement (RumbleOn, Inc.)

Conversion of RSUs and Issuance of Shares. Upon each vesting of the Award (each, a “Vest Date”), one share of Common Stock shall be issuable for each RSU that vests on such Vest Date (the “Shares”), subject to the terms and provisions of the Plan and this Agreement. Thereafter, the Company will transfer such Shares to you upon satisfaction of any required Tax-Related Items (as defined in Section 10). No fractional shares shall be issued under this Agreement. 7.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (RumbleOn, Inc.)

Conversion of RSUs and Issuance of Shares. Upon each vesting of the Award (each, a "Vest Date"), one share of Common Stock shall be issuable for each RSU restricted stock unit that vests on such Vest Date (the "Shares"), subject to the terms and provisions of the Plan and this Agreement. Thereafter, the Company will transfer such Shares to you upon satisfaction of any required Tax-Related Items (as defined in Section 109). No fractional shares shall be issued under this Agreement.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Tkach Mark)

Conversion of RSUs and Issuance of Shares. Upon each vesting of the Award (each, a "Vest Date"), one share of Common Stock shall be issuable for each RSU restricted stock unit that vests on such Vest Date (the “Shares”), subject to the terms and provisions of the Plan and this Agreement. Thereafter, the Company will transfer such Shares to you upon satisfaction of any required Tax-Related Items (as defined in Section 109). No fractional shares shall be issued under this Agreement.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Tkach Mark)