Total Number of Restricted Stock Units Clause Samples

The 'Total Number of Restricted Stock Units' clause defines the exact quantity of restricted stock units (RSUs) that are being granted to an individual under an equity compensation agreement. This clause specifies the total number of RSUs the recipient is eligible to receive, which may be subject to vesting schedules or performance conditions outlined elsewhere in the agreement. By clearly stating the total number of units, the clause ensures transparency and prevents disputes regarding the amount of equity awarded, thereby providing clarity and certainty to both the grantor and the recipient.
Total Number of Restricted Stock Units. [NUMBER A]
View SourceView Similar (5)
Total Number of Restricted Stock Units. The Company and the Executive agree as follows:
View SourceView Similar (2)
Total Number of Restricted Stock Units. (Each Restricted Stock Unit granted is equivalent to the value of one share of the Company’s common stock, $0.01 par value per share (“Stock”))
View SourceView Similar (2)
Total Number of Restricted Stock Units. EBITDA RSUs Relative NAREIT TSR RSUs: The Company and the Executive agree as follows:
View Source
Total Number of Restricted Stock Units. THIS AGREEMENT evidences the grant of restricted stock units (the “Restricted Stock Units”) by FARO Technologies, Inc., a Florida corporation (the “Company”), to the Grantee named above, on the date indicated above, pursuant to the provisions of the Plan. This Agreement and the Plan contain the terms and conditions governing the Restricted Stock Units. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the Plan’s terms shall completely supersede and replace the conflicting terms of this Agreement. All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein. The parties hereto agree as follows:
View Source
Total Number of Restricted Stock Units. See “Grant Summary” page on the service provider web-site.
View Source
Total Number of Restricted Stock Units. [NUMBER A] [[FEBRUARY 15th/MAY 18th/AUGUST 10th/NOVEMBER 21st]1 YEAR FROM GRANT DATE] [33-1/3% of NUMBER A] [[FEBRUARY 15th/MAY 18th/AUGUST 10th/NOVEMBER 21st] 2 YEARS FROM GRANT DATE] [33-1/3% of NUMBER A] [[FEBRUARY 15th/MAY 18th/AUGUST 10th/NOVEMBER 21st]3 YEARS FROM GRANT DATE] [33-1/3% of NUMBER A] Your signature below indicates your agreement and understanding that this award is subject to all of the terms and conditions contained in Appendix A and the Plan. For example, important additional information on vesting and forfeiture of the Restricted Stock Units covered by this award is contained in Paragraphs 2 through 4 of Appendix A. PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT. YOU CAN REQUEST A COPY OF THE PLAN BY CONTACTING THE CORPORATE HUMAN RESOURCES OFFICE IN PALO ALTO, CALIFORNIA. TO THE EXTENT ANY CAPITALIZED TERMS USED IN APPENDIX A ARE NOT DEFINED HEREIN, THEY WILL HAVE THE MEANING ASCRIBED TO THEM IN THE PLAN. By: Title: [NAME]
View Source
Total Number of Restricted Stock Units. Restricted Stock Units (the “RSUs”) First Anniversary of Grant Date 33 1/3% Second Anniversary of Grant Date 33 1/3% Third Anniversary of Grant Date 33 1/3% By their signatures below or by electronic acceptance or authentication in a form authorized by the Company, the Company and Grantee agree that the Award is governed by this Notice and by the provisions of the Plan and the Agreement, both of which are made a part of this document. Grantee represents that Grantee has read and is familiar with the provisions of the Plan and Agreement, and hereby accepts the Award subject to all of their terms and conditions. By: Name: Title: Accepted and agreed:
View Source

Related to Total Number of Restricted Stock Units

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in 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.

  • Grant of Restricted Stock Units The Corporation hereby awards to the Participant, as of the Award Date, Restricted Stock Units under the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock on the date that unit vests in accordance with the express provisions of this Agreement. The number of shares of Common Stock subject to the awarded Restricted Stock Units, the applicable vesting schedule for those shares, the dates on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the award (the “Award”) shall be as set forth in this Agreement.

  • Grant of Restricted Share Units The Company hereby grants to the Participant [ ] restricted share units (the “RSUs”), subject to all of the terms and conditions of this RSU Award Agreement and the Plan.

  • Award of Restricted Shares The Committee hereby awards to the Awardee [insert # of shares] Restricted Shares. All such Restricted Shares shall be subject to the restrictions and forfeiture provisions contained in Sections 4, 5 and 6, such restrictions and forfeiture provisions to become effective immediately upon execution of this Agreement by the parties hereto.