Time Based RSUs
How do RSUs work?
■ An RSU represents the right to receive one share of Common Stock of the Corporation
̶ Special rules apply for vesting (see Schedule of Terms)
̶ Reinvested dividends are earned on unvested RSUs
̶ Upon vesting, in most countries, RSUs are converted to shares and issued into a UBS account
̶ Awards may be paid in cash where local law restricts the distribution of Common Stock
■ Dividends are payable on issued shares