Common use of Restricted Stock Unit Account Clause in Contracts

Restricted Stock Unit Account. Each Restricted Stock Unit represents one hypothetical share of common stock of the Company (“Common Stock”). The Restricted Stock Units represent hypothetical shares and not actual shares of Common Stock. The Company shall establish and maintain a Restricted Stock Unit account as a bookkeeping account on its records for the Participant and shall record in such account the number of Restricted Stock Units granted to the Participant. No shares of Common Stock shall be issued to the Participant at the time of grant, and the Participant shall not be, nor have any of the rights or privileges of, a shareholder of the Company with respect to any Restricted Stock Units recorded in the account. The Participant shall not have any interest in any specific assets of the Company by reason of this award or the Restricted Stock Unit account established for the Participant.

Restricted Stock Unit Account. Each Restricted Stock Unit represents one hypothetical share of common stock of the Company (“Common Stock”). The Restricted Stock Units represent hypothetical shares of Company Stock, and not actual shares of Common Stockstock. The Company shall establish and maintain a Restricted Stock Unit account account, as a bookkeeping account on its records records, for the Participant and shall record in such account the number of Restricted Stock Units granted to the Participant. No shares of Common Company Stock shall be issued to the Participant at the time of grantthe grant is made, and the Participant shall not be, nor and shall not have any of the rights or privileges of, a shareholder stockholder of the Company with respect to any Restricted Stock Units recorded in the Restricted Stock Unit account. The Participant shall not have any interest in any fund or specific assets of the Company by reason of this award or the Restricted Stock Unit account established for the Participant.