Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 61 contracts
Samples: Option Agreement (Micron Technology Inc), Restricted Stock Unit Agreement (Paymentus Holdings, Inc.), Restricted Stock Unit Agreement (Elastic N.V.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vestsbecomes vested. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section Sections 3 or and 4, the Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 8 contracts
Samples: Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 3.
Appears in 6 contracts
Samples: Prsu Agreement (Nlight, Inc.), Pacific Biosciences of California, Inc., fuboTV Inc. /FL
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (Arcellx, Inc.), Restricted Stock Unit Award Agreement (Intuit Inc), Restricted Stock Unit Award Agreement (Acutus Medical, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4C, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Rambus Inc), Restricted Stock Unit Agreement (Rambus Inc), Restricted Stock Unit Agreement (Rambus Inc)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share share of Common Stock on the date it vestsbecomes vested. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section paragraphs 3 or and 4, the Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share (or a cash amount equal to the value of a Share on the date it becomes vested if the Company elects to settle the Restricted Stock Unit in cash) on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a one Share on in accordance with Section 7 hereof after the date it vestsRestricted Stock Unit has vested. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 43, Participant the Grantee will have no right to payment of any such receive the Shares subject to the Restricted Stock Units. Prior to the actual payment issuance of any vested Shares subject to the Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Nuance Communications, Inc.), Restricted Stock Unit Agreement (Nuance Communications, Inc.), Restricted Stock Unit Agreement (Nuance Communications, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share share of Company Class A Common Stock (a “Share”) on the date it vests. Unless and until the a Restricted Stock Units will have Unit has vested in the manner set forth in Section 3 or 4, Participant Grantee will have no right to payment of any such Restricted Stock UnitsUnit. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Bakkt Holdings, Inc.), Restricted Stock Unit Agreement (Bakkt Holdings, Inc.), Restricted Stock Unit Agreement (Bakkt Holdings, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share share of Company Class A Common Stock (a “Share”) on the date it vests. Unless and until the a Restricted Stock Units will have Unit has vested in the manner set forth in Section 3 or 4, Participant Grantee will have no right to payment of any such Restricted Stock UnitsUnit. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 3.
Appears in 2 contracts
Samples: Award Agreement (Bakkt Holdings, Inc.), Award Agreement (Bakkt Holdings, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a one Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 43, Participant will have no right to payment of any such Restricted Stock UnitsShares. Prior to actual payment of Shares for any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. 3.
Appears in 2 contracts
Samples: Global Rsu Agreement (Infinera Corp), Board Rsu Agreement (Infinera Corp)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share or the dollar value of the Restricted Stock Unit in cash on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (La Rosa Holdings Corp.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share Share, on the date it veststiming specified in Section 4. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vestsbecomes vested. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, the Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Ikanos Communications)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or Sections 3, 4, 5, or 6 of this Agreement, the Participant will have no right to payment of any such Restricted Stock Units, nor any rights associated therewith, including dividend payments (subject to Section 16 below) or voting rights. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share share of the Company’s Class A common stock (a “Share”) on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Paymentus Holdings, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vestsbecomes vested. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 43, the Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Ikanos Communications)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share share of Stock on the date it vestsbecomes vested. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section paragraphs 3 or and 4, the Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 43, Participant Grantee will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Informatica Corp)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on payable in accordance with the date it veststerms of this Award Agreement. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Samples: Terms and Conditions of Restricted Stock (ProSomnus, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section Sections 3 or 4, Participant will have no right to payment in settlement of any such Restricted Stock Units. Prior to actual payment in settlement of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Ibotta, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant Executive will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 43, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract
Samples: Restricted Stock Units Award Agreement (AE Biofuels, Inc.)
Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive one share of Common Stock of the Company (a Share “Share”) on the date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3 or 4, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
Appears in 1 contract