Restricted Stock Units Contract Clauses (963)

Restricted Stock Units. Subject to the approval of the Company's Board of Directors or its Compensation Committee, you will be granted an award of Restricted Stock Units ("RSUs") for that number of shares of the Company's Common Stock equal to $7,100,000 divided by the fair market value of one share of the Company's Common Stock on the date of grant. The RSUs will be subject to the terms and conditions applicable to RSUs granted under the Company's 2010 Stock Plan, as amended (the "Plan"), as described in the Plan and ...the applicable Restricted Stock Unit Agreement. The RSUs vest based on (i) a time-based requirement with respect to your service with the Company and (ii) a liquidity requirement, both of which much be satisfied prior to the expiration of the RSUs seven years from the date of grant. The time-based requirement may be satisfied with respect to 20% of the RSUs after 12 months of your continuous service with the Company, and may be satisfied with respect to the balance of the RSUs in equal quarterly installments over the next 4 years of continuous service, as described in the applicable Restricted Stock Unit Agreement. The liquidity event may be satisfied upon either the occurrence of an initial public offering of the Company's Common Stock or a sale of the Company in which the Company's stockholders receive cash or marketable securities. Should the Company be unable to grant you RSUs, the Board of Directors or its Compensation Committee may, as determined in its sole discretion, grant you a reasonable equivalent, such as stock options or restricted stock. 1 One Sansome St. 40th Floor San Francisco, CA 94104 Additionally, you will vest in 50% of your remaining unvested RSUs if (a) the Company is subject to a Sale Event before your service with the Company terminates and (b) you are subject to an Involuntary Termination within 12 months after such Sale Event. View More

Restricted Stock Units. The Committee may, in its sole discretion, grant Restricted Stock Units to a Service Provider subject to such terms and conditions as the Committee sets forth in a Stock Award Agreement evidencing such grant. "Restricted Stock Units" are Awards denominated in units evidencing the right to receive Shares of Class B Common Stock, which may vest over such period of time and/or upon satisfaction of such performance criteria or objectives as is determined by the Committee at the time of grant and set... forth in the applicable Stock Award Agreement, without payment of any amounts by the Stock Awardee thereof (except to the extent required by law). Prior to delivery of shares of Class B Common Stock with respect to an award of Restricted Stock Units, the Stock Awardee shall have no rights as a stockholder of the Company. Upon satisfaction and/or achievement of the applicable vesting requirements relating to an award of Restricted Stock Units, the Stock Awardee shall be entitled to receive a number of shares of Class B Common Stock that are equal to the number of Restricted Stock Units that became vested. To the extent, if any, set forth in the applicable Stock Award Agreement, cash dividend equivalents may be paid during, or may be accumulated and paid at the end of, the applicable vesting period, as determined by the Committee. Unless otherwise provided by the Stock Award Agreement, any Restricted Stock Units granted to a Service Provider pursuant to the Plan shall be forfeited if the Stock Awardee's employment or service with the Company or its Subsidiaries terminates for any reason prior to the expiration or termination of the applicable vesting period and/or the achievement of such other vesting conditions applicable to the award. 14 Prior to the delivery of any shares of Class B Common Stock in connection with an award of Restricted Stock Units, the Company shall be entitled to require as a condition of delivery that the Stock Awardee shall pay or make adequate provision acceptable to the Company for the satisfaction of the statutory minimum prescribed amount of federal and state income tax and other withholding obligations of the Company, including, if permitted by the Administrator, by having the Company withhold from the number of shares of Class B Common Stock otherwise deliverable in connection with an award of Restricted Stock Units, a number of shares of Class B Common Stock having a Fair Market Value equal to an amount sufficient to satisfy such tax withholding obligations. View More

Restricted Stock Units. The Company will credit the Restricted Stock Units contemplated by this Agreement to a Restricted Stock Unit Account (the "Account") established and maintained for the Recipient. The Account shall be the record of Restricted Stock Units awarded to the Recipient under the Agreement, is solely for accounting purposes and shall not require a segregation of any Company assets.