Restricted Stock Units Clause Example from Business Contracts
This example Restricted Stock Units clause appears in
4 contracts
from
1 company
Restricted Stock Units. (a) Grant. Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator. After the Administrator determines that it will grant Restricted Stock Units under the Plan, it shall advise the Participant in writing or electronically of the terms, conditions, and restrictions related to the grant, including the number of Restricted Stock Units and the form of payout, which, subject to Section 6(b) hereof, may be left to the discretion of the Administrator.
...(b) Vesting Criteria and Other Terms. Subject to the Plan Minimum Vesting Requirements set forth in Sections 4(b)(vi) and 4(d) hereof, the Administrator shall set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting criteria based upon the achievement of Company-wide, business unit, or individual goals (including, but not limited to, continued employment), or any other basis determined by the Administrator in its discretion. (c) Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant shall be entitled to receive a payout as specified in the Restricted Stock Unit Award Agreement. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a payout. (d) Form and Timing of Payment. Payment of earned Restricted Stock Units shall be made as soon as practicable after the date(s) set forth in the Restricted Stock Unit Award Agreement. The Administrator, in its sole discretion, but only as specified in the Award Agreement, may pay earned Restricted Stock Units in cash, Shares, or a combination thereof. If the Award Agreement is silent as to the form of payment, payment of the Restricted Stock Units may only be in Shares. (e) Cancellation. On the date set forth in the Restricted Stock Unit Award Agreement, all unearned Restricted Stock Units shall be forfeited to the Company.
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Juniper Networks Contracts
JUNIPER NETWORKS, INC. 2006 EQUITY INCENTIVE PLAN As amended May 21, 2014
(Filed With SEC on August 11, 2014)
JUNIPER NETWORKS, INC. 2006 EQUITY INCENTIVE PLAN As amended February 14, 2014
(Filed With SEC on February 26, 2014)
JUNIPER NETWORKS, INC. 2006 EQUITY INCENTIVE PLAN As amended October 2, 2014
(Filed With SEC on November 10, 2014)
JUNIPER NETWORKS, INC. 2006 EQUITY INCENTIVE PLAN As amended November 15, 2012
(Filed With SEC on February 26, 2013)
