Common use of RSUs Generally Clause in Contracts

RSUs Generally. MSCI has awarded you RSUs as an incentive for you to continue to provide services as a Director of MSCI and to, among other things, align your interests with those of the Company and to reward you for your continued service as a Director of MSCI in the future. As such, you will earn your RSU award only if you remain in continuous service as a Director of MSCI through the Scheduled Vesting Date. Each of your RSUs corresponds to one share of MSCI common stock. An RSU constitutes a contingent and unsecured promise by MSCI to deliver one share of MSCI common stock on the conversion date for the RSU. As the holder of RSUs, you have only the rights of a general unsecured creditor of MSCI. You will not be a stockholder with respect to the shares of MSCI common stock underlying your RSUs unless and until your RSUs convert to shares.

Appears in 1 contract

Sources: Award Agreement for Restricted Stock Units (MSCI Inc.)

RSUs Generally. MSCI has awarded you RSUs as an incentive for you to continue to provide services as a Director of to MSCI and to, among other things, align your interests with those of the Company and to reward you for your continued service as a Director of MSCI in the future. As such, you will earn your RSU award only if you remain in continuous service as a Director of MSCI through the Scheduled Vesting Date. Each of your RSUs corresponds to one share of MSCI common stock. An Except as otherwise provided in Section 13, a RSU constitutes a contingent and unsecured promise by MSCI to deliver pay you one share of MSCI common stock on the conversion date for the RSU. As the holder of RSUs, you have only the rights of a general unsecured creditor of MSCI. You will not be a stockholder with respect to the shares of MSCI common stock underlying your RSUs unless and until your RSUs convert to shares.

Appears in 1 contract

Sources: Award Agreement for Restricted Stock Units (MSCI Inc.)