Common use of Restricted Stock Unit Account Clause in Contracts

Restricted Stock Unit Account. Restricted Stock Units represent hypothetical shares of Common Stock, and not actual shares of stock. The Company shall establish and maintain a restricted stock unit account (the “RSU Account”), as a bookkeeping account on its records, for the Grantee and shall record in such account the number of Restricted Stock Units granted to the Grantee. The Grantee shall not have any interest in any fund or specific assets of the Company by reason of this award or the RSU Account established for the Grantee.