PSU Account. PSUs represent hypothetical Shares, and not actual shares of Common Stock. The Company shall establish and maintain an PSU account, as a bookkeeping account on its records, for the Participant and shall record in such account the number of PSUs granted to the Participant. No Shares shall be issued to the Participant at the time the Award is made, and the Participant shall not be, and shall not have any of the rights or privileges of, a stockholder of the Company with respect to any PSUs recorded in the PSU account. The Participant shall not have any interest in any fund or specific assets of the Company by reason of this award or the PSU account established for the Participant.
Appears in 2 contracts
Sources: Performance Based Restricted Stock Unit Agreement (Freshpet, Inc.), Performance Based Restricted Stock Unit Agreement (Freshpet, Inc.)
PSU Account. PSUs represent hypothetical Sharesshares of Company Stock, and not actual shares of Common Stockstock. The Company shall establish and maintain an a PSU account, as a bookkeeping account on its records, for the Participant and shall record in such account the number of PSUs granted to the Participant. No Shares shares of Company Stock shall be issued to the Participant at the time the Award grant is made, and the Participant shall not be, and shall not have any of the rights or privileges of, a stockholder of the Company with respect to any PSUs recorded in the PSU account. The Participant shall not have any interest in any fund or specific assets of the Company by reason of this award or the PSU account established for the Participant.
Appears in 2 contracts
Sources: Performance Stock Unit Agreement (NewLake Capital Partners, Inc.), Performance Stock Unit Agreement (NewLake Capital Partners, Inc.)
PSU Account. PSUs represent hypothetical Sharesshares of Company Stock, and not actual shares of Common Stockstock. The Company shall establish and maintain an a PSU account, as a bookkeeping account on its records, for the Participant and shall record in such account the number of Target PSUs granted to the Participant. No Shares shares of Company Stock shall be issued to the Participant at the time the Award grant is made, and the Participant shall not be, and shall not have any of the rights or privileges of, a stockholder of the Company with respect to any PSUs recorded in the PSU account. The Participant shall not have any interest in any fund or specific assets of the Company by reason of this award or the PSU account established for the Participant.
Appears in 1 contract
Sources: Performance Restricted Stock Unit Agreement (CarGurus, Inc.)