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. Pursuant to Section 9 of the Plan, the Company hereby issues to the Participant on the Grant Date an Award consisting of [NUMBER] Restricted Stock Units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one Common Share, subject to the terms and conditions set forth in this Agreement and the Plan. The Restricted Stock Units shall be credited to a separate account maintained for the Participant on the books and records of the Company (the "Account"). All a...mounts credited to the Account shall continue for all purposes to be part of the general assets of the Company. View More Arrow