Stock Units Clause Example with 11 Variations from Business Contracts

This page contains 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.
Stock Units. The Committee may grant Stock Units to an Employee or Non-Employee Director, upon such terms and conditions as the Committee deems appropriate under this Section 8. Each Stock Unit shall represent the right of the Participant to receive a share of Company Stock or an amount based on the value of a share of Company Stock. All Stock Units shall be credited to bookkeeping accounts on the Company's records for purposes of the Plan. (b) Terms of Stock Units. The Committee may grant Stock Units that a...re payable on terms and conditions determined by the Committee, which may include payment based on achievement of performance goals. Stock Units may be paid at the end of a specified vesting or performance period, or payment may be deferred to a date authorized by the Committee. The Committee shall determine the number of Stock Units to be granted and the requirements applicable to such Stock Units. (c) Payment With Respect to Stock Units. Payment with respect to Stock Units shall be made in cash, in Company Stock, or in a combination of the two, as determined by the Committee. The Grant Agreement shall specify the maximum number of shares that can be issued under the Stock Units. (d) Requirement of Employment or Service. The Committee shall determine in the Grant Agreement under what circumstances a Participant may retain Stock Units after termination of the Participant's employment or service, and the circumstances under which Stock Units may be forfeited. View More Arrow
Found in Investment Technology Group, Inc. contract

Variations of a "Stock Units" Clause from Business Contracts

Stock Units. (a) General Requirements. The Committee may grant Stock Units to an Employee or Non-Employee Director, any Eligible Person, upon such terms and conditions as the Committee deems appropriate under this Section 8. Each Stock Unit shall represent the right of the Participant to receive a share of Company Stock Share or an amount based on the value of a share of Company Stock. Share. All Stock Units shall be credited to bookkeeping accounts on the Company's records for purposes of the Plan. (b) Term...s of Stock Units. The Committee may grant Stock Units that are payable on terms and if specified performance goals or other conditions determined by the Committee, which may include payment based on achievement of performance goals. are met, or under other circumstances. Stock Units may be paid at the end of a specified vesting or performance period, or payment may be deferred to a date authorized by the Committee. The Committee shall determine the number of Stock Units to be granted and the requirements applicable to such Stock Units. (c) Payment With with Respect to Stock Units. Payment with respect to Stock Units shall be made in cash, in Company Stock, Shares, or in a combination of the two, as determined by the Committee. The Grant Agreement shall specify the maximum number of shares Shares that can shall be issued paid under the Stock Units. (d) Requirement of Employment or Service. The Committee shall determine in the Grant Agreement under what circumstances a Participant may retain Stock Units after termination of the Participant's employment or service, and the circumstances under which Stock Units may be forfeited. View More Arrow
Found in RAND WORLDWIDE INC contract