Grant of Restricted Stock Units Clause Example from Business Contracts

This example Grant of Restricted Stock Units clause appears in 2 contracts from 1 company

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, [Total Number of Shares] 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 account shall continue for all purposes to be part of the general assets of the Company. View More Arrow