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.
Appears in 2 contracts
Sources: Restricted Stock Unit Award Agreement (Veritiv Corp), Restricted Stock Unit Award Agreement (Veritiv Corp)
Crediting of Restricted Stock Units. Each Restricted Stock Unit shall represent the contingent right to receive one Share, subject to the terms and conditions share of Common Stock of the Plan and this Award Agreement, Company and shall at all times be equal in value to one Shareshare of Common Stock of the Company. The Restricted Stock Units shall be credited to in a notional book entry account established for the Grantee you until payment in accordance with Section 4 hereof.
Appears in 2 contracts
Sources: Restricted Stock Unit Award Agreement (Parker-Hannifin Corp), Restricted Stock Unit Award Agreement (Parker-Hannifin Corp)
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, Common Share and shall at all times be equal in value to one Common Share. The Restricted Stock Units shall be credited to in a notional book entry account established for the Grantee you until payment in accordance with Section 4 hereof.
Appears in 1 contract
Sources: Non Employee Directors’ Restricted Stock Unit Terms and Conditions (Parker-Hannifin Corp)