Common use of Company RSUs Clause in Contracts

Company RSUs. At the Effective Time, each Company RSU that is outstanding at the Effective Time, whether vested or unvested, shall, automatically and without any required action on the part of the holder thereof, be cancelled and converted into the right to receive an amount (without interest) in cash equal in value to (A) the total number of shares of Company Common Stock subject to such Company RSU immediately prior to the Effective Time multiplied by (B) the Per Share Price (the “Company RSU Consideration”).

Appears in 2 contracts

Samples: Merger Agreement (R1 RCM Inc. /DE), Merger Agreement (R1 RCM Inc. /DE)

AutoNDA by SimpleDocs

Company RSUs. At the Effective Time, by virtue of the Merger, each Company RSU that is outstanding at the Effective TimeRSU, whether vested or unvested, shallthat is outstanding as of immediately prior to the Effective Time shall be fully vested, automatically and without any required action on the part of the holder thereof, be cancelled and automatically converted into the right to receive an amount (without interest) in cash equal in value to the product of (A) the total aggregate number of shares of Company Common Stock subject to such Company RSU immediately prior to the Effective Time RSU, multiplied by (B) the Per Share Price Price, subject to any required withholding of Taxes (the “Company RSU Consideration”).

Appears in 2 contracts

Samples: Merger Agreement (Vista Equity Partners Fund Viii, L.P.), Merger Agreement (Duck Creek Technologies, Inc.)

Company RSUs. At the Effective Time, each Company RSU outstanding as of immediately prior to the Effective Time that is outstanding at the Effective Timenot a Current Year Company RSU will automatically, whether vested or unvested, shall, automatically and without any required action on the part of the Parties or the holder thereof, be cancelled and converted into and will become the right to receive an amount in cash, without interest thereon and subject to applicable withholding Taxes, equal to the product of (without interesti) in cash equal in value to the Per Share Price and (Aii) the total number of shares of Company Common Stock subject to such Company RSU as of immediately prior to the Effective Time multiplied by (B) the Per Share Price (the “Company RSU Consideration”).

Appears in 1 contract

Samples: Merger Agreement (Atlas Technical Consultants, Inc.)

Company RSUs. At the Effective Time, by virtue of the Merger, each Company RSU that is outstanding at the Effective TimeAward, whether vested or unvested, shallthat is outstanding as of immediately prior to the Effective Time will be fully vested, automatically and without any required action on the part of the holder thereof, be cancelled and automatically converted into the right to receive an amount (without interest) in cash equal in value to the product of (A) the total aggregate number of shares of Company Common Stock subject to such Company RSU immediately prior to the Effective Time Award, multiplied by (B) the Per Share Price Price, subject to any required withholding of Taxes (the “Company RSU Consideration”).

Appears in 1 contract

Samples: Merger Agreement (Chico's Fas, Inc.)

AutoNDA by SimpleDocs

Company RSUs. At the Effective Time, each Company RSU that is outstanding at immediately prior to the Effective Time, whether vested or unvested, shallwill, automatically and without any required action on the part of Parent, Merger Sub, the Company or the holder thereof, be cancelled and converted into the and will become a right to receive an amount (in cash, without interest) in cash , equal in value to (Ai) the Per Share Price; multiplied by (ii) the total number of shares of Company Common Stock subject to such Company RSU immediately prior to the Effective Time multiplied by (B) the Per Share Price (the “Company RSU Consideration”).

Appears in 1 contract

Samples: Merger Agreement (Del Frisco's Restaurant Group, Inc.)

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