Restricted Stock Unit Grants Clause Samples
The Restricted Stock Unit Grants clause outlines the terms under which an individual is awarded restricted stock units (RSUs) as part of their compensation or incentive package. Typically, this clause specifies the number of RSUs granted, the vesting schedule, and any conditions that must be met for the recipient to receive the underlying shares, such as continued employment or achievement of performance goals. Its core function is to formalize the grant of RSUs, ensuring both parties understand the conditions and timeline for earning equity, thereby aligning the recipient’s interests with the long-term success of the company.
Restricted Stock Unit Grants. Aggregate number of shares of Common Stock subject to the Restricted Stock Units granted hereunder (100% of number of shares): 166.667
Restricted Stock Unit Grants. In consideration of the Executive’s entering into this Agreement and as an inducement to remain with the Company, the Executive shall be granted promptly following the Commencement Date, under the Stock Plan:
Restricted Stock Unit Grants. Executive will be granted 1,250,000 shares of common voting stock to vest quarterly over the next ten (10) quarters in accordance with the restricted stock grant agreement the form of which is attached herein as Exhibit B.
Restricted Stock Unit Grants. On January 31, 2019, we granted 922,494 restricted stock units pursuant to the 2018 Equity Incentive Plan. Subsequent to December 31, 2018 and as of February 15, 2019, we did not sell any shares under the Equity Distribution Agreement. As of February 15, 2019 approximately 5.3 million shares remain available for issuance and sale under the Equity Distribution Agreement.
Restricted Stock Unit Grants. (a) On September 18, 2017, Team will grant to you an award of restricted stock units (the “Service RSUs”) relating to 14,815 shares of common stock of the Team, par value $0.30 per share (“Shares”) pursuant to the Team, Inc. 2016 Equity Incentive Plan (the “EIP”). The Service RSUs will vest in full and be settled upon the earliest to occur of (a) January 18, 2018, (b) Team’s appointment of a permanent Chief Executive Officer, (c) Team’s termination of your service as CEO without Cause, and (d) your ceasing to serve as interim Chief Executive Officer due to your death or permanent disability, as determined by the Board in its reasonable, good faith discretion (the earliest to occur of clauses (a), (b), (c) and (d) the “RSU Vesting Date”), subject to your continued service as CEO through the RSU Vesting Date. If your service as CEO terminates for any reason prior to the RSU Vesting Date, you will forfeit the Service RSUs.
(b) On September 18, 2017, the Team will grant to you an award of restricted stock units (the “Performance RSUs”) relating to 14,815 Shares pursuant to the EIP. Such portion of the Performance RSUs will vest and be settled as determined in the Board’s sole discretion based on its assessment of your performance as CEO (and any portion of the Performance RSUs that do not vest shall be forfeit), upon the earliest to occur of (a) Team’s appointment of a permanent Chief Executive Officer, and (b) your ceasing to serve as interim Chief Executive Officer due to your death or permanent disability, a determined by the Board in its reasonable, good faith discretion (the earliest to occur of clauses (a) and (b), the “PSU Vesting Date”), subject to your continued service as CEO through the PSU Vesting Date. If your service as CEO terminates for any reason prior to the PSU Vesting Date, you will forfeit the Performance RSUs.
Restricted Stock Unit Grants. During three months ended March 31, 2019, we granted 922,494 restricted stock units pursuant to the Hercules Capital, Inc. Amended and Restated 2018 Equity Incentive Plan, or the 2018 Equity Incentive Plan. Subsequent to March 31, 2019 and as of May 1, 2019, we did not repurchase any shares of our common stock. As of May 1, 2019, approximately $20.9 million of common stock remains eligible for repurchase under the stock repurchase plan.
Restricted Stock Unit Grants. The Grants of Restricted Stock dated July 10, 2015, and October 15, 2015, issued to Executive are terminated effective December 24, 2015, and the 250,000 shares of restricted common stock issued pursuant to the Grant of Restricted Stock dated October 15, 2015, are hereby cancelled. As a replacement, the Company will issue to Executive a fully vested warrant to purchase 1,500,000 shares of the Company's common stock as set forth in the form attached hereto as Exhibit A.
2. A new subsection 4(i) shall be added to the Employment Agreement as follows:
Restricted Stock Unit Grants. Date of Award Agreement Number of Grant Units Number of Units Forfeited Number of Units Vested as of December 31, 2013 Date of Award Agreement Number of Grant Units Number of Units Vested as of December 31, 2013
Restricted Stock Unit Grants. In consideration of employment hereunder and for other good and valuable consideration, a grant of Two Thousand Four Hundred (2,400) time-vesting restricted stock units and Nine Thousand Six Hundred (9,600) performance-vesting restricted stock units under the DST Systems, Inc. 2005 Equity Incentive Plan will be proposed to the DST Compensation Committee at its first regularly scheduled meeting after the completion of the Finix Transaction and the Finix Converge Transaction, which meeting is expected to occur May 10, 2011. The Committee's grants will be subject to Paragraph 5 hereof and to execution of restricted stock unit award agreements containing the terms and conditions set forth in Exhibits A and B hereto.
Restricted Stock Unit Grants. The Administrator may grant restricted stock units to such key persons, in such amounts, and subject to such terms and conditions as the Administrator shall determine in its sole discretion, subject to the provisions of the Plan. Restricted stock units may be awarded independently of or in connection with any other award under the Plan. A grantee of a restricted stock unit shall have no rights with respect to such award unless such grantee accepts the award within such period as the Administrator shall specify by accepting delivery of an Award Agreement in such form as the Administrator shall determine. A grant of a restricted stock unit entitles the grantee to receive a share of Common Stock or, in the sole discretion of the Administrator, the Fair Market Value of a share, on a date specified in the Award Agreement. If no date is specified, the grantee shall receive such share or value on the date that the restricted stock unit vests.