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

Award of RSUs and Dividend Equivalents. (a) The Company has granted the RSUs to Participant effective as of the grant date set forth in the Grant Notice (the “Grant Date”). Each RSU represents the right to receive one Share as set forth in this Agreement. Participant will have no right to the distribution of any Shares until the time (if ever) the RSUs have vested.

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement (Kla Corp)

AutoNDA by SimpleDocs

Award of RSUs and Dividend Equivalents. (a) The Company has granted the RSUs to Participant effective as of the grant date set forth in the Grant Notice (the “Grant Date”). Each RSU represents the right to receive one Share or, at the option of the Company, an amount of cash, in either case, as set forth in this Agreement. Participant will have no right to the distribution of any Shares or payment of any cash until the time (if ever) the RSUs have vested.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Novan, Inc.)

Award of RSUs and Dividend Equivalents. (a) a. The Company has granted the RSUs to Participant effective as of the grant date set forth in the Grant Notice (the “Grant Date”). Each RSU represents the right to receive one Share or, at the option of the Company, an amount of cash, in either case, as set forth in this Agreement. Participant will have no right to the distribution of any Shares or payment of any cash until the time (if ever) the RSUs have vested.

Appears in 1 contract

Samples: Restricted Stock Agreement (Nesco Holdings, Inc.)

AutoNDA by SimpleDocs

Award of RSUs and Dividend Equivalents. (a) The Company has granted the RSUs to Participant effective as of the grant date Grant Date set forth in the Grant Notice (the “Grant Date”). Each RSU represents the right to receive one Share as set forth in this Agreement. Participant will have no right to the distribution of any Shares until the time (if ever) the RSUs have vested.

Appears in 1 contract

Samples: Restricted Stock Unit Grant (Switch, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.