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 (i) up to [insert number of time-based RSUs] RSUs, which shall vest in accordance with Section 2(a) herein (the “Time-Based RSUs”) and (ii) performance-based RSUs, which shall vest in accordance with Section 2(b) herein (the “Performance-Based RSUs”) up to [insert 200% of Target Performance-Based RSUs] Performance-Based RSUs (the “Maximum Performance-Based RSUs”), of which [insert target number of Performance-Based RSUs] Performance-Based RSUs represent your “Target Performance-Based RSUs.” An “RSU” represents the right to receive one share of Common Stock, and Performance-Based RSUs, together with the Time-Based RSUs, the “RSUs”. The RSUs shall vest and become nonforfeitable in accordance with Section 2 hereof.