Number of Restricted Stock Units Awarded Clause Samples
Number of Restricted Stock Units Awarded. Middlefield Banc Corp. (“Middlefield”), an Ohio corporation, hereby awards to _________ (the “Participant”) _______ restricted stock units (the “RSUs”). Each RSU represents Middlefield’s unsecured promise to pay Participant a single share of Middlefield common stock (“Share”) for each RSU which vests in accordance with the terms of this Agreement and the 2017 Omnibus Equity Plan. Unless and until the RSUs vest, the Participant will have no right to receive Shares under such RSUs. Prior to actual distribution of Shares pursuant to any vested RSUs, such RSUs will represent an unsecured obligation of the Company. This award is subject to the terms and conditions of the 2017 Omnibus Equity Plan and this Agreement. Terms that are defined in the 2017 Omnibus Equity Plan are used in this Agreement as they are defined in the 2017 Omnibus Equity Plan.
Number of Restricted Stock Units Awarded. Pursuant to the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ AG Omnibus Incentive Plan (the “Plan”), a copy of which has been delivered to you, along with a prospectus describing the material terms of the Plan, and in accordance with the terms and conditions of the Plan and your agreement to such additional terms, conditions and restrictions as are set forth below, you have been granted as of the date set forth above a Restricted Stock Unit Award (the “Restricted Stock Unit Award”), meaning the right to receive registered shares of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ AG (the “Company”) on the terms and conditions set forth herein. Capitalized terms used but not defined in this Director Restricted Stock Unit Award Agreement (the “Agreement”) have the meanings ascribed to them in the Plan.