Grant of Restricted Stock Units Clause Example from Business Contracts

Grant of Restricted Stock Units. 1.1 The Company hereby issues to the Grantee on the Grant Date an award consisting of, in the aggregate, 30,000 Restricted Stock Units (the "Restricted Stock Units"). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement. 1.2 The Restricted Stock Units shall be credited to a separate account maintained for the Grantee on the books and records of the Company, and all amounts credited to the said accoun...t shall continue for all purposes to be part of the general assets of the Company. View More