Common use of Award of Stock Units Clause in Contracts

Award of Stock Units. The Company hereby awards to the Employee on this date, [####] Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 2 contracts

Samples: Stock Units Award Agreement, Stock Units Award Agreement (Borgwarner Inc)

AutoNDA by SimpleDocs

Award of Stock Units. The Company hereby awards to the Employee on this date, [####] Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to the Employee on this date, [####] _______ Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to the Employee Director on this date, [####] _______ Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to the Employee on this date, [####] Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s 's common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.. [Text of the 2012 Form of Agreement included Affiliates within the definition of "Company"]

Appears in 1 contract

Samples: Stock Units Award Agreement (Borgwarner Inc)

AutoNDA by SimpleDocs

Award of Stock Units. The Company hereby awards to the Employee on this date, [####] XXXXXX Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s 's common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “EmployerCompany” shall mean include the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to the Employee on this date, [####] _________ Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: Stock Units Award Agreement (Borgwarner Inc)

Award of Stock Units. The Company hereby awards to the Employee on this date, [####] Stock Units. Each Stock Unit awarded hereunder represents a contingent right to receive one share of the Company’s common stock, par value $.01 (“Stock”) upon satisfaction of the conditions for vesting as provided in Paragraph 4 of this Agreement and subject further to the terms of the Plan and the additional terms and conditions of this Agreement (the “Award”). For purposes of this Agreement, “Employer” shall mean the subsidiary or Affiliate that employs the Employee.

Appears in 1 contract

Samples: Stock Units Award Agreement (Borgwarner Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!