Transfer of RSUs. Provided that Participant satisfies the vesting conditions set forth in Section 3 as of each Vesting Date, (a) if applicable, Participant shall be deemed to have paid the Purchase Price for each RSU that vests on such date through past services provided to the Company and (b) the Company shall transfer to Participant one (1) unrestricted Share for each RSU that vests on such date. Any transfer of Shares pursuant to this Section 4 shall be made as soon as administratively practicable following the applicable Vesting Date.
Appears in 2 contracts
Sources: Restricted Stock Unit Agreement (Virage Logic Corp), Restricted Stock Unit Agreement (Virage Logic Corp)