Grant of Restricted Stock Units Clause Example from Business Contracts

This example Grant of Restricted Stock Units clause appears in 6 contracts from 1 company

Grant of Restricted Stock Units. The Company hereby grants to you, subject to the terms and conditions in this Agreement and the Plan, an Award of the number of restricted Stock Units ("Units") specified on the cover page of this Agreement, each representing the right to receive one Share of the Company's Stock. The Units granted to you will be credited to an account in your name maintained by the Company. This account shall be unfunded and maintained for book-keeping purposes only, with the Units simply representing an unfunde...d and unsecured obligation of the Company. View More