Common use of Award of RSUs and Dividend Equivalents Clause in Contracts

Award of RSUs and Dividend Equivalents. (a) In consideration of Participant’s past and/or continued employment with or service to a Company Group Member and for other good and valuable consideration, effective as of the grant date set forth in the Grant Notice (the “Grant Date”), the Company has granted to Participant the number of RSUs set forth in the Grant Notice, upon the terms and conditions set forth in the Grant Notice, the Plan and this Agreement, subject to adjustment as provided in Section 12.2 of the Plan. Each RSU represents the right to receive one Share at the times and subject to the conditions set forth herein. However, unless and until the RSUs have vested, Participant will have no right to the common shares of the Company (“Shares”) subject thereto. Prior to the actual delivery of any Shares, the RSUs will represent an unsecured obligation of the Company, payable only from the general assets of the Company.

Appears in 5 contracts

Samples: Notice and Agreement (Li-Cycle Holdings Corp.), Grant Notice and Agreement (Li-Cycle Holdings Corp.), Grant Notice and Agreement (Li-Cycle Holdings Corp.)

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Award of RSUs and Dividend Equivalents. (a) In consideration of Participant’s past and/or continued employment with or service to a Participating Company Group Member and for other good and valuable consideration, effective as of the grant date set forth in the Grant Notice (the “Grant Date”), the Company has granted to Participant the number of RSUs set forth in the Grant Notice, upon the terms and conditions set forth in the Grant Notice, the Plan and this Agreement, subject to adjustment as provided in Section 12.2 of the Plan. Each RSU represents the right to receive one Share at the times and subject to the conditions set forth herein. However, unless and until the RSUs have vested, Participant will have no right to the common shares payment of the Company (“Shares”) any Shares subject thereto. Prior to the actual delivery of any Shares, the RSUs will represent an unsecured obligation of the Company, payable only from the general assets of the Company.

Appears in 4 contracts

Samples: Restricted Stock (Sprout Social, Inc.), Notice and Restricted Stock Unit Agreement (Sprout Social, Inc.), Notice and Restricted Stock Unit Agreement (Sprout Social, Inc.)

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Award of RSUs and Dividend Equivalents. (a) In consideration of Participant’s past and/or continued employment with or service to a Company Group Member and for other good and valuable consideration, effective as of the grant date set forth in the Grant Notice (the “Grant Date”), the Company has granted to Participant the number of RSUs set forth in the Grant Notice, upon the terms and conditions set forth in the Grant Notice, the Plan and this Agreement, subject to adjustment as provided in Section 12.2 of the Plan. Each RSU represents the right to receive one Share at the times and subject to the conditions set forth herein. However, unless and until the RSUs have vested, Participant will have no right to the common shares of the Company Common Stock (“Shares”) subject thereto. Prior to the actual delivery of any Shares, the RSUs will represent an unsecured obligation of the Company, payable only from the general assets of the Company.

Appears in 1 contract

Samples: Notice and Restricted Stock Unit Agreement (Acamar Partners Acquisition Corp.)

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