Stock Unit Grant. Subject to the terms and conditions set forth in this Unit Agreement and in Section 10 of the Plan, the Officer is hereby granted fifty thousand (50,000) Stock Units. Each Stock Unit represents the right to receive one share of Common Stock (collectively, with other shares of Common Stock relating to the Stock Units and held in the Officer's account in the Trust (as defined below) in respect of the Stock Units, the "Shares"). The 50,000 Shares shall be promptly deposited after the date hereof in the grantor trust created pursuant to the Grantor Trust Agreement, dated as of October 1, 1995 between the Company and American Express Trust Company, a Minnesota trust company (together with any grantor trust subsequently established by the Company, the "Trust") and shall be allocated by the Trust to the Officer's account therein subject to the forfeiture conditions of Section 3 below. Any property attributable to the Shares, including, without limitation, dividends and distributions thereon, shall be deposited into the Trust, shall as promptly as practicable be reinvested in shares of Common Stock, and shall be allocated by the Trust to the Officer's account therein subject to the forfeiture conditions of Section 3 below.
Appears in 1 contract
Sources: Retention Agreement (Toys R Us Inc)
Stock Unit Grant. Subject to the terms and conditions set forth in this Unit Agreement and in Section 10 of the Plan, the Officer Executive is hereby granted fifty thousand (50,000) 158,000 Stock Units. Each Stock Unit represents the right to receive one share of Common Stock (collectively, with other shares of Common Stock relating to the Stock Units and held in the OfficerExecutive's account in the Trust (as defined below) in respect of the Stock Units, the "Shares"). The 50,000 158,000 Shares shall be promptly deposited after the date hereof in the grantor trust created pursuant to the Grantor Trust Agreement, dated as of October 1, 1995 between the Company and American Express Trust Company, a Minnesota trust company (together with any grantor trust subsequently established by the Company, the "Trust") and shall be allocated by the Trust to the OfficerExecutive's account therein subject to the forfeiture vesting conditions of Section Sections 3 and 4 below. Any property attributable to the Shares, including, without limitation, dividends and distributions thereon, thereon shall be deposited into the Trust, shall as promptly as practicable be reinvested in shares of Common Stock, and shall be allocated by the Trust to the OfficerExecutive's account therein subject to the forfeiture vesting conditions of Section Sections 3 and 4 below.
Appears in 1 contract
Sources: Retention Agreement (Toys R Us Inc)
Stock Unit Grant. Subject to the terms and conditions set forth in this Unit Agreement and in Section 10 of the Plan, the Officer is hereby granted fifty thousand (50,000number to be determined) Stock Units. Each Stock Unit represents the right to receive one share of Common Stock (collectively, with other shares of Common Stock relating to the Stock Units and held in the Officer's account in the Trust (as defined below) in respect of the Stock Units, the "Shares"). The 50,000 Shares shall be promptly deposited after the date hereof in the grantor trust created pursuant to the Grantor Trust Agreement, dated as of October 1, 1995 between the Company and American Express Trust Company, a Minnesota trust company (together with any grantor trust subsequently established by the Company, the "Trust") and shall be allocated by the Trust to the Officer's account therein subject to the forfeiture conditions of Section 3 below. Any property attributable to the Shares, including, without limitation, dividends and distributions thereon, shall be deposited into the Trust, shall as promptly as practicable be reinvested in shares of Common Stock, and shall be allocated by the Trust to the Officer's account therein subject to the forfeiture conditions of Section 3 below.
Appears in 1 contract
Sources: Retention Agreement (Toys R Us Inc)
Stock Unit Grant. Subject to the terms and conditions set forth in this Unit Agreement and in Section 10 of the Plan, the Officer ▇▇▇▇▇▇▇▇▇ is hereby granted fifty thousand (50,000) 52,700 Stock Units. Each Stock Unit represents the right to receive one share of Common Stock (collectively, with other shares of Common Stock relating to the Stock Units and held in the Officer's ▇▇▇▇▇▇▇▇▇'▇ account in the Trust (as defined below) in respect of the Stock Units, the "Shares"). The 50,000 52,700 Shares shall be promptly deposited after the date hereof in the grantor trust created pursuant to the Grantor Trust Agreement, dated as of October 1, 1995 between the Company and American Express Trust Company, a Minnesota trust company (together with any grantor trust subsequently established by the Company, the "Trust") and shall be allocated by the Trust to the Officer's ▇▇▇▇▇▇▇▇▇'▇ account therein subject to the forfeiture vesting conditions of Section Sections 3 and 4 below. Any property attributable to the Shares, including, without limitation, dividends and distributions thereon, thereon shall be deposited into the Trust, shall as promptly as practicable be reinvested in shares of Common Stock, and shall be allocated by the Trust to the Officer's ▇▇▇▇▇▇▇▇▇'▇ account therein subject to the forfeiture vesting conditions of Section Sections 3 and 4 below.
Appears in 1 contract
Sources: Retention Agreement (Toys R Us Inc)
Stock Unit Grant. Subject to the terms and conditions set forth in this Unit Agreement and in Section 10 of the Plan, the Officer is hereby granted fifty thousand (50,000) 20,000 Stock Units. Each Stock Unit represents the right to receive one share of Common Stock (collectively, with other shares of Common Stock relating to the Stock Units and held in the Officer's account in the Trust (as defined below) in respect of the Stock Units, the "Shares"). The 50,000 20,000 Shares shall be promptly deposited after the date hereof in the grantor trust created pursuant to the Grantor Trust Agreement, dated as of October 1, 1995 between the Company and American Express Trust Company, a Minnesota trust company (together with any grantor trust subsequently established by the Company, the "Trust") and shall be allocated by the Trust to the Officer's account therein subject to the forfeiture conditions of Section 3 below. Any property attributable to the Shares, including, without limitation, dividends and distributions thereon, shall be deposited into the Trust, shall as promptly as practicable be reinvested in shares of Common Stock, and shall be allocated by the Trust to the Officer's account therein subject to the forfeiture conditions of Section 3 below.
Appears in 1 contract
Sources: Retention Agreement (Toys R Us Inc)