Rights of the Participant with Respect to the Restricted Stock Units Clause Example with 5 Variations from Business Contracts
This page contains Rights of the Participant with Respect to the 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.
Rights of the Participant with Respect to the Restricted Stock Units. (a) No Shareholder Rights. The RSUs granted pursuant to the Award do not and shall not entitle the Participant to any rights of a holder of Common Stock. The rights of the Participant with respect to the RSUs shall remain forfeitable at all times prior to the date on which such rights become vested, in accordance with Section 2, 5 or 6. (b) Dividend Equivalents. During the period from the Award Date to the issue of shares of Common Stock in accordance with Section 1(c), the Participant shall be ...credited with deemed dividends (a "Deemed Dividend") in an amount equal to each cash dividend payable subsequent to the Award Date, just as though such Participant, on the record date for payment of such dividend, had been the holder of record of shares of Common Stock equal to the number of RSUs represented by this Award Certificate. The Deemed Dividends will be converted to additional RSUs, rounded down to the nearest whole number, by dividing the Deemed Dividends by the Fair Market Value of one share of Common Stock on the date the cash dividend to which it relates is paid. The Company shall establish a bookkeeping account to account for the Deemed Dividends and additional RSUs to be credited to the Participant. The additional RSUs represented by Deemed Dividends are subject to the same vesting requirements (see Section 2) as the Award, including without limitation the requirement that the applicable Performance Goals described herein have been achieved. (c) Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall be issued to the Participant prior to the date on which the RSUs vest, in accordance with Section 2, 5 or 6. Neither this Section 1(c) nor any action taken pursuant to or in accordance with this Section 1(c) shall be construed to create a trust of any kind. After vesting takes place pursuant to Section 2, 5 or 6, the Company shall cause to be issued as soon as practicably possible, but in no event later than thirty (30) days following the date of vesting (subject to section 8(a)), in book-entry form, registered in the Participant's name or in the name of the Participant's legal representatives, beneficiaries or heirs, as the case may be, in payment for such RSUs that number of shares of Common Stock equal to the number of vested RSUs.View More
Variations of a "Rights of the Participant with Respect to the Restricted Stock Units" Clause from Business Contracts
Rights of the Participant with Respect to the Restricted Stock Units. (a) No Shareholder Rights. The RSUs granted pursuant to the Award do not and shall not entitle the Participant to any rights of a holder of Common Stock. The rights of the Participant with respect to the RSUs shall remain forfeitable at all times prior to the date on which such rights become vested, in accordance with Section 2, 5 3 or 6. 4. (b) Dividend Equivalents. During the period from the Award Date The Company shall pay to the issue of shares of Common Stock in accordance with Section 1(c)..., the Participant shall be credited with deemed dividends (a "Deemed Dividend") in an amount equal to each cash dividend payable subsequent to the Award Date, just as though such Participant, holding RSUs outstanding on the record date for the payment of any dividend on the Common Stock an amount equal to the dividend such dividend, had been Participant would have received on the holder of record of payment date therefor if the shares of Common Stock equal to the number of issuable in accordance with such RSUs represented by this Award Certificate. The Deemed Dividends will be converted to additional RSUs, rounded down to the nearest whole number, by dividing the Deemed Dividends by the Fair Market Value of one share of Common Stock had been issued and outstanding on the date the cash dividend to which it relates is paid. The Company shall establish a bookkeeping account to account for the Deemed Dividends and additional RSUs to be credited to the Participant. The additional RSUs represented by Deemed Dividends are subject to the same vesting requirements (see Section 2) as the Award, including without limitation the requirement that the applicable Performance Goals described herein have been achieved. such record date. (c) Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall be issued to the Participant prior to the date on which the RSUs vest, in accordance with Section 2, 5 3 or 6. 4. Neither this Section 1(c) nor any action taken pursuant to or in accordance with this Section 1(c) shall be construed to create a trust of any kind. After vesting takes place pursuant to Section 2, 5 3 or 6, 4, the Company shall cause to be issued as soon as practicably possible, but in no event later than thirty (30) days following the date of vesting (subject to section 8(a)), 6(a)), in book-entry form, registered in the Participant's name or in the name of the Participant's legal representatives, beneficiaries or heirs, as the case may be, in payment for such RSUs that number of shares of Common Stock equal to the number of vested RSUs. View More
Rights of the Participant with Respect to the Restricted Stock Units. (a) No Shareholder Rights. The RSUs granted pursuant to the under this Award do not and shall will not entitle the Participant to any rights of a holder of Common Stock. The rights of the Participant with respect to the RSUs shall will remain forfeitable at all times prior to the date on which such the rights become vested, in accordance with according to Section 2, 5 3 or 6. (b) Dividend 4. (b)Dividend Equivalents. During the period from the Award Date to the issue of shares of Common Stock in ...accordance with according to Section 1(c), the Participant shall will be credited with deemed dividends (a "Deemed Dividend") in an amount equal to each cash dividend payable subsequent to after the Award Date, just as though such the Participant, on the record date for payment of such the dividend, had been the holder of record of shares of Common Stock equal to the number of RSUs represented by this Award Certificate. The Deemed Dividends will be converted to additional RSUs, rounded down to the nearest whole number, by dividing the Deemed Dividends by the Fair Market Value of one share of Common Stock on the date the cash dividend to which it relates is paid. The Company shall will establish a bookkeeping account to account February 2016 RSU Award Certificate – for the Deemed Dividends and additional RSUs to be credited to the Participant. The additional RSUs represented by Deemed Dividends are subject to the same vesting requirements (see Section 2) as the Award, including without limitation the requirement that the applicable Performance Goals described herein have been achieved. (c) Conversion Award. (c)Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall will be issued to the Participant prior to the date on which the RSUs vest, in accordance with Section 2, 5 3 or 6. 4. Neither this Section 1(c) nor any action taken pursuant according to or in accordance with this Section 1(c) shall section will be construed to create a trust of any kind. After vesting takes place pursuant according to Section 2, 5 3 or 6, 4, the Company shall will cause to be issued as soon as practicably possible, but in no event later than thirty (30) days following the date of vesting (subject to section 8(a)), 6(a)), in book-entry form, registered in the Participant's name or in the name of the Participant's legal representatives, beneficiaries or heirs, as the case may be, in payment for such RSUs that number of shares of Common Stock equal to the number of vested RSUs. View More
Rights of the Participant with Respect to the Restricted Stock Units. (a) No Shareholder Rights. The RSUs granted pursuant to the Award do not and shall not entitle the Participant to any rights of a holder of Common Stock. The rights of the Participant with respect to the RSUs shall remain forfeitable at all times prior to the date on which such rights become vested, and the restrictions with respect to the RSUs lapse, in accordance with Section 2, 5 2 or 6. (b) Dividend 3. (b)Dividend Equivalents. During the period from the Award Date to the issue issuance of sh...ares of Common Stock in accordance with according to Section 1(c), the Participant shall will be credited with deemed dividends (a "Deemed Dividend") in an amount equal to each cash dividend payable subsequent to after the Award Date, just as though such the Participant, on the record date for payment of such the dividend, had been the holder Non-Employee Director RSU Award Certificate1 of record of shares of Common Stock equal to the number of RSUs represented by this Award Certificate. The Deemed Dividends will be converted to additional RSUs, rounded down to the nearest whole number, by dividing the Deemed Dividends by the Fair Market Value of one share of Common Stock on the date the cash dividend to which it relates is paid. The Company shall will establish a bookkeeping account record to account for the Deemed Dividends and additional RSUs to be credited to the Participant. The additional RSUs represented by Deemed Dividends are subject to the same vesting requirements (see Section 2) as the Award, including without limitation the requirement that the applicable Performance Goals described herein have been achieved. (c) Conversion Award. (c)Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall be issued to the a Participant prior to the date on which the RSUs vest, vest and the restrictions with respect to the RSUs lapse, in accordance with Section 2, 5 2 or 6. 3. Neither this Section 1(c) nor any action taken pursuant to or in accordance with this Section 1(c) shall be construed to create a trust of any kind. After vesting takes place any restrictions with respect to RSUs lapse pursuant to Section 2, 5 2 or 6, 3, the Company shall cause to be issued as soon as practicably possible, but in no event later than thirty (30) days following the date of vesting all restrictions lapse (subject to section 8(a)), Section 6(a)) in certificated or book-entry form, registered in the Participant's name or in the name of the Participant's legal representatives, beneficiaries or heirs, as the case may be, in payment for such RSUs that number of shares of Common Stock equal to the number of vested RSUs. RSUs with respect to which the restrictions have lapsed. View More
Rights of the Participant with Respect to the Restricted Stock Units. (a) No Shareholder Rights. The RSUs granted pursuant to the under this Award do not and shall will not entitle the Participant to any rights of a holder of Common Stock. The rights of the Participant with respect to the RSUs shall will remain forfeitable at all times prior to the date on which such the rights become vested, in accordance with according to Section 2, 5 3 or 6. (b) Dividend 4. (b)Dividend Equivalents. During the period from the Award Date to the issue of shares of Common Stock in ...accordance with according to Section 1(c), the Participant shall will be credited with deemed dividends (a "Deemed Dividend") in an amount equal to each cash dividend payable subsequent to after the Award Date, just as though such the Participant, on the record date for payment of such the dividend, had been the holder of record of shares of Common Stock equal to the number of RSUs represented by this Award Certificate. The Deemed Dividends will be converted to additional RSUs, rounded down to the nearest whole number, by dividing the Deemed Dividends by the Fair Market Value of one share of Common Stock on the date the cash dividend to which it relates is paid. The Company shall will establish a bookkeeping account record to account for the Deemed Dividends and additional RSUs to be credited to the Participant. The additional RSUs represented by Deemed Dividends are subject to the same vesting requirements (see Section 2) as the Award, including without limitation the requirement that the applicable Performance Goals described herein have been achieved. (c) Conversion (c)Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall will be issued to the Participant prior to the date on which the RSUs vest, in accordance with Section 2, 5 3 or 6. 4. Neither this Section 1(c) nor any action taken pursuant according to or in accordance with this Section 1(c) shall section will be construed to create a trust of any kind. After vesting takes place pursuant according to Section 2, 5 3 or 6, 4, the Company shall will cause to be issued as soon as practicably possible, but in no event later than thirty (30) days following the date of vesting (subject Parrini 2019 RSU Award Certificate – to section 8(a)), 6(a)), in book-entry form, registered in the Participant's name or in the name of the Participant's legal representatives, beneficiaries or heirs, as the case may be, in payment for such RSUs that number of shares of Common Stock equal to the number of vested RSUs. View More
Rights of the Participant with Respect to the Restricted Stock Units. (a) No Shareholder Rights. The RSUs granted pursuant to the under this Award do not and shall will not entitle the Participant to any rights of a holder of Common Stock. The rights of the Participant with respect to the RSUs shall will remain forfeitable at all times prior to the date on which such the rights become vested, in accordance with according to Section 2, 5 3 or 6. (b) Dividend 4. (b)Dividend Equivalents. During the period from the Award Date to the issue of shares of Common Stock in ...accordance with according to Section 1(c), the Participant shall will be credited with deemed dividends (a "Deemed Dividend") in an amount equal to each cash dividend payable subsequent to after the Award Date, just as though such the Participant, on the record date for payment of such the dividend, had been the holder of record of shares of Common Stock equal to the number of RSUs represented by this Award Certificate. The Deemed Dividends will be converted to additional RSUs, rounded down to the nearest whole number, by dividing the Deemed Dividends by the Fair Market Value of one share of Common Stock on the date the cash dividend to which it relates is paid. The Company shall will establish a bookkeeping account record to account for RSU Award Certificate – the Deemed Dividends and additional RSUs to be credited to the Participant. The additional RSUs represented by Deemed Dividends are subject to the same vesting requirements (see Section 2) as the Award, including without limitation the requirement that the applicable Performance Goals described herein have been achieved. (c) Conversion (c)Conversion of Restricted Stock Units; Issuance of Common Stock. No shares of Common Stock shall will be issued to the Participant prior to the date on which the RSUs vest, in accordance with Section 2, 5 3 or 6. 4. Neither this Section 1(c) nor any action taken pursuant according to or in accordance with this Section 1(c) shall section will be construed to create a trust of any kind. After vesting takes place pursuant according to Section 2, 5 3 or 6, 4, the Company shall will cause to be issued as soon as practicably possible, but in no event later than thirty (30) days following the date of vesting (subject to section 8(a)), 6(a)), in book-entry form, registered in the Participant's name or in the name of the Participant's legal representatives, beneficiaries or heirs, as the case may be, in payment for such RSUs that number of shares of Common Stock equal to the number of vested RSUs. View More
