Restricted Stock Units Clause Example with 16 Variations from Business Contracts
This page contains Restricted Stock Units clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: (a) Each such grant or sale will constitute the agreement by the Company to deliver Common Shares or cash, or a combination thereof, to the Participant in the future in conside...ration of the performance of services, but subject to the fulfillment of such conditions (which may include achievement regarding Management Objectives) during the Restriction Period as the Committee may specify. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on the Date of Grant. (c) Notwithstanding anything to the contrary contained in this Plan, Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including in the event of the retirement, death, disability or termination or employment of service of a Participant or in the event of a Change in Control. 8 (d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on a deferred and contingent basis, either in cash or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall be deferred until and paid contingent upon the vesting of such Restricted Stock Units. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve.View More
Variations of a "Restricted Stock Units" Clause from Business Contracts
Restricted Stock Units. The Committee Board may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale grant Restricted Stock Units to Eligible Individuals. Each grant of Restricted Stock Units to Participants. Each will be evidenced by an Evidence of Award which shall contain such grant or sale terms and conditions as the Board may utilize any or all approve that are not inconsistent with the following terms and conditions and those of the authorizations, and will be ...subject to all remainder of the requirements, contained in the following provisions: Plan: (a) Each such grant or sale will constitute the agreement by the Company to deliver one share of Common Shares or cash, or a combination thereof, Stock per Restricted Stock Unit (or to deliver the cash equivalent thereof) to the Participant in the future in consideration of the performance of services, but subject to the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee Board may specify. specify in the Evidence of Award. Each Evidence of Award may specify in respect of such Management Objectives a minimum acceptable level of achievement and may set forth a formula for determining the number of Common Shares subject to the Restricted Stock Units as to which restrictions will terminate if performance is at or above the minimum or threshold level or levels, or is at or above the target level or levels, but falls short of maximum achievement of the specified Management Objectives. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on the Date of Grant. (c) Notwithstanding anything to the contrary contained in this Plan, Restricted Stock Units any Evidence of Award may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including Period in the event of the retirement, death, death or disability or termination or employment of service of a Participant Participant, or in the event a change of a Change in Control. 8 (d) (c) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, the Common Shares subject to the Restricted Stock Units, but the Committee may, at or after Board may in the Date Evidence of Grant, Award authorize the payment of dividend equivalents on such Restricted Stock Units on either a current, deferred and or contingent basis, either in cash or in additional shares of Common Shares; provided, however, Stock, provided that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall not be deferred until and paid contingent upon in a manner that would cause any tax to be due under 409A of the vesting Code. (d) Each Evidence of such Restricted Stock Units. (e) Each grant or sale of Restricted Stock Units Award Unit will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale Evidence of Award will specify that the amount payable with respect thereto will be paid by the Company in Common Shares Stock or cash, or cash. If a combination thereof. (f) Each grant or sale cash payment is made in lieu of delivering shares of Common Stock, the amount of such payment shall be based on the Market Value per Share as of the date on which the Restriction Period lapsed with respect to each Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve. Unit. View More
Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it Board may determine, also authorize the granting grant or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will shall be subject to all of the requirements, requirements contained in the following provisions: (a) a. Each such grant or sale will shall constitute the agreement by the Company to deliver Common Shares or cash, or a combination thereof..., to the Participant in the future in consideration of the performance of services, but subject to the fulfillment of such conditions (which may include achievement regarding Management Objectives) during the Restriction Period as the Committee Board may specify. (b) b. Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything c. Each such grant or sale shall be subject to a Restriction Period as determined by the contrary contained in this Plan, Restricted Stock Units Board at the Date of Grant, and may provide for continued vesting or the earlier lapse or other modification of the such Restriction Period, including in the event of the retirement, death, disability or termination or employment of service of a Participant or Period in the event of a Change in Control. Control, retirement, or death or disability of the Participant or other similar transaction or event as approved by the Board. d. Any grant of Restricted Stock Units may specify Management Objectives that, if achieved, will result in termination or early termination of the Restriction Period applicable to such shares. Each grant may specify in respect of such Management Objectives a minimum acceptable level of achievement and may set forth a 8 (d) formula for determining the number of Restricted Stock Units on which restrictions will terminate if performance is at or above the minimum level, but falls short of full achievement of the specified Management Objectives.e. During the Restriction Period, the Participant will shall have no right to transfer any rights under his or her award and will shall have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will shall have no right to vote them, but the Committee Board may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on a deferred and contingent basis, either in cash or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall be deferred until and paid contingent upon the vesting of such Restricted Stock Units. (e) Shares. f. Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will shall be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will Award, which shall contain such terms and provisions, consistent with this Plan, Plan and applicable sections of the Code, as the Committee Board may approve. View More
Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it Board may determine, also authorize the granting grant or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will shall be subject to all of the requirements, requirements contained in the following provisions: (a) a. Each such grant or sale will shall constitute the agreement by the Company to deliver Common Shares or cash, or a combination thereof..., to the Participant in the future in consideration of the performance of services, but subject to the fulfillment of such conditions (which may include achievement regarding Management Objectives) during the Restriction Period as the Committee Board may specify. (b) b. Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything c. Each such grant or sale shall be subject to a Restriction Period as determined by the contrary contained in this Plan, Restricted Stock Units Board at the Date of Grant, and may provide for continued vesting or the earlier lapse or other modification of the such Restriction Period, including in the event of the retirement, death, disability or termination or employment of service of a Participant or Period in the event of a Change in Control. 8 (d) Control, retirement, or death or disability of the Participant or other similar transaction or event as approved by the Board. d. Any grant of Restricted Stock Units may specify Management Objectives that, if achieved, will result in termination or early termination of the Restriction Period applicable to such shares. Each grant may specify in respect of such Management Objectives a minimum acceptable level of achievement and may set forth a formula for determining the number of Restricted Stock Units on which restrictions will terminate if performance is at or above the minimum level, but falls short of full achievement of the specified Management Objectives.e. During the Restriction Period, the Participant will shall have no right to transfer any rights under his or her award and will shall have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will shall have no right to vote them, but the Committee Board may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on a deferred and contingent basis, either in cash or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall be deferred until and paid contingent upon the vesting of such Restricted Stock Units. (e) Shares. f. Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will shall be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will Award, which shall contain such terms and provisions, consistent with this Plan, Plan and applicable sections of the Code, as the Committee Board may approve. View More
Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it Board may determine, also authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, requirements contained in the following provisions: provisions. (a) Payment. (i) Each such grant or sale will constitute the agreement by the Company to deliver Common Shares or cash, or a combination the...reof, cash to the Participant in the future in consideration of the performance of services, but subject to the fulfillment of such conditions (which may include achievement regarding Management Objectives) during the Restriction Period as the Committee Board may specify. (b) A-9 (ii) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything (b) Restriction Period. (i) Each such grant or sale will be subject to a Restriction Period, as determined by the contrary contained in this Plan, Restricted Stock Units Board at the Date of Grant, and may provide for continued vesting or the earlier lapse or other modification of the such Restriction Period, including in the event of the retirement, death, disability or termination or employment of service of a Participant or Period in the event of a Change change in Control. 8 (d) control of the Company, as may be defined in an Award Agreement or CIC Agreement. (ii) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award Award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on a deferred and contingent basis, either in cash or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall be deferred until and paid contingent upon the vesting of such Restricted Stock Units. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) them. (c) Award Agreement. Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan Agreement and will contain such terms and provisions, consistent with this Plan, as the Committee Board may approve. View More
Restricted Stock Units. The Committee may, Board may also, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: (a) Each (a)Each such grant or sale will constitute the agreement by the Company to deliver shares of Common Shares Stock or cash, or a combination thereof, cas...h to the Participant in the future in consideration of the performance of services, future, but subject to the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee Board may specify. (b) If a grant of Restricted Stock Units specifies that the Restriction Period will terminate upon the achievement of Management Objectives, such Restriction Period may not terminate sooner than one year. Each grant may specify in respect of such Management Objectives a minimum acceptable level of achievement and may set forth a formula for determining the number of Restricted Stock Units on which restrictions will terminate if performance is at or above the minimum level, but falls short of full achievement of the specified Management Objectives. The grant of such Restricted Stock Units will specify that, before the termination or early termination of the restrictions applicable to such Restricted Stock Units, the Board must determine that the Management Objectives have been satisfied. (b)Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Per Share on at the Date of Grant. (c) Notwithstanding (c)If the Restriction Period lapses only by the passage of time rather than the achievement of Management Objectives, each such grant or sale will be subject to a Restriction Period of not less than three years, except that a grant or sale may provide that the Restriction Period shall expire not sooner than ratably on an annual basis (but not earlier than the first anniversary of the Date of Grant) during the three-year period as determined by the Board at the Date of Grant. (d)Notwithstanding anything to the contrary contained in this Plan, and subject to any applicable limitations contained in Section 18, any grant or sale of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including Period in the event of the retirement, death, death or disability or termination or employment of service of a the Participant or in the event of a Change in of Control. 8 (d) During (e)During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the shares of Common Shares Stock deliverable upon payment of the Restricted Stock Units and will shall have no right to vote them, but the Committee may, Board may at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on a deferred and contingent basis, Units, either in cash or in additional shares of Common Shares; provided, however, that Stock, which dividend equivalents will not be paid unless and until the applicable Restriction Period has lapsed or other distributions on Common Shares underlying Restricted Stock Units shall be deferred until and paid contingent upon the vesting of such Restricted Stock Units. (e) Each Management Objectives have been achieved. (f)Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each Any grant or sale will may specify that the amount payable with respect thereto will may be 9 paid by the Company in cash, in shares of Common Shares Stock or cash, in any combination thereof and may either grant to the Participant or a combination thereof. (f) Each retain in the Board the right to elect among those alternatives. (g)Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee Board may approve. View More
Restricted Stock Units. The Committee may, Board may also, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: (a) Each (a)Each such grant or sale will constitute the agreement by the Company to deliver shares of Common Shares Stock or cash, or a combination thereof, cas...h to the Participant in the future in consideration of the performance of services, future, but subject to the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee Board may specify. (b) If a grant of Restricted Stock Units specifies that the Restriction Period will terminate upon the achievement of Management Objectives, such Restriction Period may not terminate sooner than one year. Each grant may specify in respect of such Management Objectives a minimum acceptable level of achievement and may set forth a formula for determining the number of Restricted Stock Units on which restrictions will terminate if performance is at or above the minimum level, but falls short of full achievement of the specified Management Objectives. The grant of such Restricted Stock Units will specify that, before the termination or early termination of the restrictions applicable to such Restricted Stock Units, the Board must determine that the Management Objectives have been satisfied. (b)Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Per Share on at the Date of Grant. (c) Notwithstanding (c)If the Restriction Period lapses only by the passage of time rather than the achievement of Management Objectives, each such grant or sale will be subject to a Restriction Period of not less than three years, except that a grant or sale may provide that the Restriction Period shall expire not sooner than ratably on an annual basis (but not earlier than the first anniversary of the Date of Grant) during the three-year period as determined by the Board at the Date of Grant. (d)Notwithstanding anything to the contrary contained in this Plan, and subject to any applicable limitations contained in Section 18, any grant or sale of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including Period in the event of the retirement, death, death or disability or termination or employment of service of a the Participant or in the event of a Change in of Control. 8 (d) During (e)During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the shares of Common Shares Stock deliverable upon payment of the Restricted Stock Units and will shall have no right to vote them, but the Committee may, Board may at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on a deferred and contingent basis, Units, either in cash or in additional shares of Common Shares; provided, however, that Stock, which dividend equivalents will not be paid unless and until the applicable Restriction Period has lapsed or other distributions on Common Shares underlying Restricted Stock Units shall be deferred until and paid contingent upon the vesting of such Restricted Stock Units. (e) Each Management Objectives have been achieved. (f)Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each Any grant or sale will may specify that the amount payable with respect thereto will may be paid by the Company in cash, in shares of Common Shares Stock or cash, in any combination thereof and may either grant to the Participant or a combination thereof. (f) Each retain in the Board the right to elect among those alternatives. (g)Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee Board may approve. View More
Restricted Stock Units. The Committee Board may, from time to time and time, authorize the granting of Restricted Stock Units to Participants upon such terms and conditions consistent with the following provisions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: determine: (a) Each such grant or sale will constitute the... agreement by the Company NWI to deliver Common Shares or cash, or a combination thereof, cash to the Participant in the future in consideration of the performance of services, but subject to such restrictions and the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee Board may specify. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything to the contrary contained in this the Plan, any grant of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including Period in the event of the retirement, death, disability death or disability, or other termination or of employment of service of a Participant Participant, or a Change in Control; provided , however , that no Award intended to be a Qualified Performance-Based Award shall provide for such early lapse or modification in the event of retirement or other termination of employment to the extent such provision would cause such Award to fail to be a Change in Control. 8 Qualified Performance-Based Award. (d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award Award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, Board may at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on either a current, deferred and or contingent basis, basis either in cash cash, additional Restricted Stock Units or in additional Common Shares; provided, however, provided , however , that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units subject to Management Objectives shall be deferred until and paid contingent in cash upon the vesting achievement of the applicable Management Objectives and the lapse of all restrictions on such Restricted Stock Units. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve.View More
Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale An Award of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: (a) Each such grant or sale will constitute a Participant constitutes the agreement by the Company to deliver shares of Common Shares Stock or cash, or a combination t...hereof, to the Participant in the future in consideration of the passage of time or the performance of services, but subject to the fulfillment of such conditions (which may include the achievement regarding Management Objectives) of performance criteria) during the Restriction Period restriction period as the Committee may specify. (b) 9.2 Vesting. Each such grant or sale of Restricted Stock Units may be made without additional consideration or in consideration of a payment by such Participant that is less than the Fair Market Value per Share share of Common Stock on the Date of Grant. (c) Notwithstanding anything Vesting requirements may be based on the continued employment or service of the Participant with the Company or its Subsidiaries for a specified time period or periods and/or based on the attainment of specified business goals or measures established by the Committee in its sole discretion; provided, however, that, subject to Section 17.4 hereof and the contrary contained in discretionary acceleration provisions of this Plan, the period of time will be no shorter than one year (or based on a one-year performance period). Restricted Stock Units may provide for continued vesting become vested in circumstances including upon a Participant's retirement, death or the earlier lapse or other modification of the Restriction Period, including in the event of the retirement, death, disability or termination or employment of service of a Participant or in the event of a Change in Control. 8 (d) Control to the extent provided in an Award Agreement. The maximum number of shares of Common Stock that may be subject to an Award of Restricted Stock Units granted to any one Participant during any one calendar year shall be separately limited to 100,000 shares (subject to adjustment as provided in Section 3.2 hereof). 9.3 No Rights as Stockholder. During the Restriction Period, restriction period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the shares of Common Shares Stock deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at or after the Date of Grant, in accordance with Section 13 of this Plan, authorize the payment of dividend equivalents on such Restricted Stock Units on a deferred and contingent basis, either in cash or in additional shares of Common Shares; Stock; provided, however, that dividend equivalents or other distributions on shares of Common Shares Stock underlying Restricted Stock Units shall will be deferred until and paid contingent upon the vesting of such Restricted Stock Units. (e) 9.4 Settlement. Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in shares of Common Shares Stock or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve.View More
Restricted Stock Units. The Committee Board may, from time to time and authorize the granting of Restricted Stock Units to Participants upon such terms and conditions consistent with the following provisions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: determine: (a) Each such grant or sale will constitute the agree...ment by the Company RAI to deliver Common Shares or cash, Shares, cash or a combination thereof, thereof to the Participant in the future in consideration of the performance of services, but subject to such restrictions and the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee Board may specify. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything to the contrary contained in this the Plan, any grant of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including Period in the event of the retirement, death, disability death or disability, or other termination or of employment of service a Participant, or a Change of Control; provided, however, that no such adjustment will be made in the case of a Qualified Performance-Based Award (other than in connection with the death or disability of the Participant or a Change of Control) where such action would result in the event loss of a Change in Control. 8 the otherwise available exemption of the Award under Section 162(m) of the Code. (d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award Award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, Board may at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on a current, deferred and or contingent basis, either in cash cash, additional Restricted Stock Units or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall with restrictions that lapse as a result of the achievement of Management Objectives will be deferred until and paid contingent upon the vesting achievement of such Restricted Stock Units. the applicable Management Objectives. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve.View More
Restricted Stock Units. The Committee Board may, from time to time and time, authorize the granting of Restricted Stock Units to Participants upon such terms and conditions consistent with the following provisions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: determine: (a) Each such grant or sale will constitute the... agreement by the Company Inseego to deliver Common Shares or cash, or a combination thereof, cash to the Participant in the future in consideration of the performance of services, but subject to such restrictions and the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee Board may specify. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Per Share on at the Date of Grant. 8 (c) Notwithstanding anything to the contrary contained in this the Plan, any grant of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including Period in the event of the retirement, death, disability death or disability, or other termination or of employment of service of a Participant Participant, or in the event of a Change in Control. 8 (d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award Award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, Board may at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on either a current, deferred and or contingent basis, basis either in cash cash, additional Restricted Stock Units or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units subject to Management Objectives shall be deferred until and paid contingent in cash upon the vesting achievement of the applicable Management Objectives and the lapse of all restrictions on such Restricted Stock Units. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve.View More
