Scope of the Grant. In accepting the Award, Participant acknowledges that he/she: (i) is an employee of the Company, (ii) is an employee of any Participating Company in which the Company directly holds at least 10% of the share capital; and/or (iii) holds a corporate directorship position in the Company; and b. the grant of the Award, and the issue and allotment of underlying shares of Stock subject to the Award does not result in Participant holding more than 10% of the aggregate share capital of the Company.
Appears in 4 contracts
Sources: Performance Share Unit Award Agreement (Rayonier Advanced Materials Inc.), Restricted Stock Unit Award Agreement (Rayonier Advanced Materials Inc.), Restricted Stock Unit Award Agreement (Rayonier Advanced Materials Inc.)