Grant of RSU. The Company hereby grants to Participant a Restricted Stock Unit Award (“Award”) for a number of shares of Common Stock of the Company set forth in the Award Record (“Shares”). The Award is subject to all of the terms and conditions set forth herein and in the Plan, which is incorporated herein in its entirety. In the event of any conflict between the terms in the Agreement and the Plan, the terms of the Plan will control. For purposes of this Agreement, references to an “outstanding” RSU means an RSU that has been granted under an Award but has not yet become a Vested RSU (as defined below). Such outstanding RSUs shall remain set aside for Participant until they are fully vested, unless and until they are terminated, forfeited or otherwise revert to the Company as specifically outlined herein.
Appears in 1 contract
Sources: Master Restricted Stock Unit Award Agreement (Heritage Distilling Holding Company, Inc.)
Grant of RSU. The Company hereby grants to Participant a Restricted Stock Unit Award (“Award”) for a number of shares of Common Stock of the Company set forth in the Award Record on Exhibit A (“Shares”). The Award is subject to all of the terms and conditions set forth herein and in the Plan, which is incorporated herein in its entirety. Capitalized terms not otherwise defined herein will have the meanings set forth in the Plan. In the event of any conflict between the terms in the Agreement Award and the Plan, the terms of the Plan will control. For purposes of this Agreement, Agreement references to an “outstanding” RSU means an RSU that has been granted under an this Award but has not yet become a Vested RSU (as defined below)RSU. Such outstanding RSUs shall remain set aside for the Participant until they are fully vested, unless vested and until they are terminated, forfeited shall not terminate or otherwise revert to the Company as unless specifically outlined herein.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (Heritage Distilling Holding Company, Inc.)