Common use of Grant of the Restricted Stock Units Clause in Contracts

Grant of the Restricted Stock Units. Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Employee the opportunity to vest in performance-based Restricted Stock Unit Awards, which shall vest in accordance with Section 2(a) herein (the “RSUs”) up to a number of RSUs equal to the product of (x) 1.5 multiplied by (y) your Target RSU Award (as defined below), which shall be rounded up to the nearest whole number of RSUs in the event that the such product results in a fractional number of RSUs (the “Maximum RSU Award”). Your Target RSU Award shall be [insert target number of RSUs] RSUs (the “Target RSU Award”). An “RSU” represents the right to receive one share of Common Stock. The RSUs shall vest and become nonforfeitable in accordance with Section 2 hereof.