Restricted Share Unit Clause Samples

A Restricted Share Unit (RSU) clause defines the terms under which an employee or recipient is granted the right to receive company shares at a future date, subject to certain restrictions or conditions. Typically, RSUs vest over a specified period or upon achieving performance milestones, and the recipient does not own the shares or have shareholder rights until vesting occurs. This clause is used to incentivize and retain employees by aligning their interests with the company's long-term success, while also controlling when and how shares are distributed.
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Restricted Share Unit. (“RSU”) Award –
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Restricted Share Unit. Restricted Share Unit shall mean a conditional right to be given an ordinary share par value of $0.000115 each in the Company (the “Ordinary Shares” or “Shares”) pursuant to the terms of the Plan upon vesting, as set forth in Section 2.1 of this Agreement.
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Restricted Share Unit. Restricted Share Unit means a Restricted Share Unit granted to a Participant under the Plan, subject to such terms and conditions as the Committee may determine at the time of issuance.
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Restricted Share Unit. The term “
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Restricted Share Unit. “Restricted Share Unit” or “RSU” shall mean a conditional right to receive Ordinary Shares pursuant to the terms of the Plan and this Agreement, upon vesting and settlement, as set forth in Section 3.2 of this Agreement.
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Restricted Share Unit. Subject to the approval of the Board (or the compensation committee thereof), the Employee shall, as soon as practicable following the Employee’s commencement of employment with the Company, be granted 50,000 ADSs representing ordinary shares of the Parent Company (the “Restricted Share Unit”), which shall vest in accordance with the standard vesting schedule applicable to restricted share units granted by the Parent Company, as determined from time to time, subject to the Employee continuing to provide services to the Company under this Agreement on the date of grant of the Restricted Share Unit and through each applicable vesting date and to no notice of termination of employment having been tendered through each applicable date. The Restricted Share Unit will be subject to the terms, definitions and provisions of the Plan and the restricted share units award agreement to be entered by and between the Employee and the Parent Company.
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Restricted Share Unit. The Company hereby construes this Agreement as the documentation representing Participant’s interest in the Restricted Share Units, provided the Participant delivers to the Company an executed copy of this Agreement. Based upon the foregoing, the Participant has an interest in Restricted Share Units. Subject to the provisions of paragraph 7, each Restricted Share Unit is equivalent to and automatically transferable into one Share (as defined in the Plan) on the date a Restricted Share Unit vests.
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Related to Restricted Share Unit

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • Restricted Stock Units Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Grantee restricted stock units (the “Restricted Stock Units”) as of the Grant Date. Each Restricted Stock Unit represents the right to receive a Share of Common Stock if the Restricted Stock Unit becomes vested and non-forfeitable in accordance with Section 2 or Section 3 of this Agreement. The Grantee shall have no rights as a stockholder of the Company, no dividend rights and no voting rights with respect to the Restricted Stock Units or the Shares underlying the Restricted Stock Units unless and until the Restricted Stock Units become vested and non-forfeitable and such Shares are delivered to the Grantee in accordance with Section 4 of this Agreement. The Grantee is required to pay no cash consideration for the grant of the Restricted Stock Units. The Grantee acknowledges and agrees that (i) the Restricted Stock Units and related rights are nontransferable as provided in Section 5 of this Agreement, (ii) the Restricted Stock Units are subject to forfeiture in the event the Grantee’s Continuous Status as an Employee or Consultant or Non-Employee Director terminates in certain circumstances, as specified in Section 6 of this Agreement, (iii) sales of Shares of Common Stock delivered in settlement of the Restricted Stock Units will be subject to the Company’s policies regulating trading by Employees and Consultants, including any applicable “blackout” or other designated periods in which sales of Shares are not permitted, (iv) Shares delivered in settlement will be subject to any recoupment or “clawback” policy of the Company, regardless of whether such recoupment or “clawback” policy is applied with prospective or retroactive effect, and (v) any entitlement to dividend equivalents will be in accordance with Section 7 of this Agreement. The extent to which the Grantee’s rights and interest in the Restricted Stock Units becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 22% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee’s employment concludes on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment date. In the way of example, if Employee has been employed for 18 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 50% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will Employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Grant of Restricted Share Units The Company hereby grants to the Participant [ ] restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.