Common use of Conversion of Restricted Stock Units and Issuance of Shares Clause in Contracts

Conversion of Restricted Stock Units and Issuance of Shares. Subject to your continued service as a director until the Vesting Date, you shall receive, in accordance with the terms and provisions of the Plan and this Agreement, one share of Common Stock for each restricted stock unit on the earliest practicable date (as determined by the Company) following your retirement, resignation or removal as a director of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Adc Telecommunications Inc), Restricted Stock Unit Award Agreement (Adc Telecommunications Inc)

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Conversion of Restricted Stock Units and Issuance of Shares. Subject to your continued service as a director until the Vesting Date, you shall receive, in accordance with the terms and provisions of the Plan and this Agreement, one share of Common Stock for each restricted stock unit on the earliest practicable date (as determined by the Company) that is one year following your retirement, resignation or removal as a director of the Company; provided, however, that in the event of your death, such distribution shall occur as soon as administratively feasible following your death.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Adc Telecommunications Inc), Restricted Stock Unit Award Agreement (Adc Telecommunications Inc)

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Conversion of Restricted Stock Units and Issuance of Shares. Subject to your continued service as a director until the Vesting Date, you shall receive, in accordance with the terms and provisions of the Plan and this Agreement, one share of Common Stock for each restricted stock unit on the earliest practicable date that is ninety (as determined by the Company90) calendar days following your retirement, resignation or removal as a director of the Company; provided, however, that in the event of your death, such distribution shall occur as soon as administratively feasible following your death.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Adc Telecommunications Inc)

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