Crediting of Restricted Stock Units Clause Samples

Crediting of Restricted Stock Units. Each Restricted Stock Unit shall represent the contingent right to receive one Share, subject to the terms and conditions of the Plan and this Award Agreement, and shall at all times be equal in value to one Share. The Restricted Stock Units shall be credited to a notional account established for the Grantee until payment in accordance with Section 4 hereof.
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Crediting of Restricted Stock Units. Restricted Stock Units are hereby credited to the Participant subject to the restrictions and conditions set forth in this Agreement. The number of Restricted Stock Units credited shall be equal to the number of shares of Restricted Stock awarded to the Participant (but for deferral pursuant to the Election Form and this Agreement) on any date in 2006.
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Related to Crediting of Restricted Stock Units

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date The Administrator may at any time accelerate the vesting schedule specified in this Section 2.