Conversion to Stock. Unless the Restricted Stock Units are forfeited prior to the Vesting Date as provided in Paragraph 2 above, the Restricted Stock Units will be converted on the Vesting Date to Deferred Stock Units, which in turn shall be converted to actual Shares of Stock on the date that is six (6) months after the date the Grantee ceases to serve as a director of the Company in any capacity (the "Conversion Date"). Stock certificates evidencing the conversion of the Deferred Stock Units into shares of Stock shall be registered on the books of the Company in the Grantee's name as of the Conversion Date and delivered to the Grantee as soon as practical thereafter.
Appears in 2 contracts
Sources: Non Statutory Stock Option Agreement (Adams Respiratory Therapeutics, Inc.), Restricted Stock Unit Agreement (Adams Respiratory Therapeutics, Inc.)