Restricted Stock Unit Vesting Clause Samples

The Restricted Stock Unit Vesting clause defines the schedule and conditions under which an employee earns the right to receive shares of company stock granted as restricted stock units (RSUs). Typically, this clause outlines a vesting timeline—such as over four years with a one-year cliff—meaning the employee must remain with the company for a specified period before any or all of the RSUs become theirs. This mechanism incentivizes employee retention and aligns their interests with the company's long-term success by tying stock ownership to continued employment.
Restricted Stock Unit Vesting. The Participant shall vest in the Restricted Stock Units granted under this Agreement (as stated in Paragraph 1) in equal annual installments over a period of three years, one-third on each anniversary of the Award Date, provided the Participant remains continuously employed by the Company through each vesting date.
View SourceView Similar (5)
Restricted Stock Unit Vesting. The Restricted Stock Units shall vest in accordance with the following schedule provided that the Employee is employed through such date by the Company or its Parent, one of its Subsidiaries or Affiliates: (i) Restricted Stock Units shall vest on ; (ii) Restricted Stock Units shall vest on ; and (iii) Restricted Stock Units shall vest on .
View SourceView Similar (2)
Restricted Stock Unit Vesting. Subject to adjustment pursuant to Section 5(b) hereof, the _________________ Restricted Stock Units awarded hereunder for the growth-based acquisition or development projects identified on Schedule A hereto shall fully vest (1) three years after the award relating to a growth-based acquisition project and (2) upon the later of (i) three years after the award for a growth-based development project and (ii) one year following commencement of commercial operations of a growth-based development project, as determined by the Compensation Committee (“Vesting Date”).
View Source
Restricted Stock Unit Vesting. Subject to Employee’s eligibility to receive the Cash Stay Bonus, upon the Separation Date, Employer shall immediately vest 10,000 restricted stock units currently held by Employee. Promptly following the Separation Date, Employer shall cause the shares of common stock underlying such restricted stock units into an account for Employee’s benefit with Employer’s common stock transfer agent. Employee is responsible for all personal income tax due.
View Source
Restricted Stock Unit Vesting. The Grantee shall have a non-forfeitable right to a number of shares of Common Stock of a Fair Market Value equal to the value of his or her Restricted Stock Units upon the vesting of such Restricted Stock Units in accordance with this Section 3.
View Source
Restricted Stock Unit Vesting. Executive may not sell, transfer, assign, pledge, or otherwise encumber or dispose of restricted stock units or use those units in payment of the exercise price of stock options until the shares underlying the units are delivered. The units covered by this award shall vest, with respect to the total shares granted above, on the third anniversary of the Effective Date.
View Source
Restricted Stock Unit Vesting. The _________________ Restricted Stock Units awarded hereunder shall vest as of the dates (each, a “Vesting Date”) and in the amounts set forth below provided that Employee is employed on such date by any member of the Covanta Group:
View Source
Restricted Stock Unit Vesting. Vesting of Employee’s outstanding Restricted Stock Unit (“RSU”) awards will continue until December 31, 2022 and cease as of such date, and any RSUs that vest during such period shall be payable on the applicable vesting date on which they otherwise would have been paid.
View Source
Restricted Stock Unit Vesting. The Restricted Stock Units shall vest in accordance with the following schedule provided that the Recipient is engaged through such date by the Service Recipient:
View Source

Related to Restricted Stock Unit Vesting

  • 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.

  • Vesting of Restricted Stock Units The restrictions and conditions of Section 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in a Business Relationship (as defined in Section 3 below) on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Section 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested Vesting Date The Administrator may at any time accelerate the vesting schedule specified in this Section 2.

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Settlement of Restricted Stock Units Subject to the terms of the Plan and this Agreement, Restricted Stock Units shall be settled in Shares, provided that Participant has satisfied any Tax-Related Items pursuant to Section 8 below. Shares will be issued to Participant within 70 days following the applicable Vesting Date unless subject to the terms of the Company’s deferred compensation plan; provided, however, that if the Participant is subject to taxation in the U.S. (a “U.S. Taxpayer”), the Restricted Stock Units vest pursuant to Section 1.6 below and the Restricted Stock Units are considered “non-qualified deferred compensation” subject to Section 409A of the Code (“Code Section 409A,” and such compensation, “Deferred Compensation”), the Shares will be issued in accordance with the following schedule: (i) if the termination event giving rise to the vesting acceleration occurs prior to the Change in Control and the Change in Control constitutes a “change in control event” (within the meaning of U.S. Treasury Regulation 1.409A-3(i)(5)(i)) (a “409A CIC”), the Shares will be issued on the date of the Change in Control, and if the Change in Control does not constitute a 409A CIC, the Shares will be issued on the date that is six months following the Participant’s “separation from service” (within the meaning of Code Section 409A) (a “Separation from Service”); (ii) if the termination event giving rise to the vesting acceleration occurs on or following the Change in Control and the Change in Control constitutes a 409A CIC, then the Shares will be issued within 30 days following the Participant’s Separation from Service, and if the Change in Control is not a 409A CIC, then the Shares will be issued on the date that is six months following the Participant’s Separation from Service. Notwithstanding the foregoing, for purposes of complying with Code Section 409A, if the Participant is a U.S. Taxpayer, the Restricted Stock Units are considered Deferred Compensation and the Restricted Stock Units are to be settled in connection with a termination contemplated under Section 1.6 below, the Company and the Participant shall take all steps necessary (including with regard to any post-termination services by the Participant) to ensure that a termination contemplated under Section 1.6 constitutes a Separation from Service. In addition, if the Restricted Stock Units are Deferred Compensation, the Restricted Stock Units are settled upon the Participant’s Separation from Service and the Participant is a “specified employee,” within the meaning of Code Section 409A, on the date the Participant experiences a Separation from Service, then the Shares will be issued on the first business day of the seventh month following the Participant’s Separation from Service, or, if earlier, on the date of the Participant’s death, to the extent such delayed payment is required in order to avoid a prohibited distribution under Code Section 409A.