Conversion of the Restricted Stock Units to Common Stock. Immediately following the vesting of Restricted Stock Units under Section 2, the Company shall issue to the Participant a certificate representing one share of Common Stock for each Restricted Stock Unit becoming vested. The Company shall not be required to issue fractional shares of Common Stock upon the settlement of the Restricted Stock Units.
Appears in 10 contracts
Samples: Restricted Stock Unit Award Agreement (Westell Technologies Inc), Restricted Stock Unit Award Agreement (Westell Technologies Inc), Restricted Stock Unit Award Agreement (Westell Technologies Inc)
Conversion of the Restricted Stock Units to Common Stock. Immediately following the vesting of Restricted Stock Units under Section 23, the Company shall issue to the Participant a certificate representing one share of Common Stock for each Restricted Stock Unit becoming vested. The Company shall not be required to issue fractional shares of Common Stock upon the settlement of the Restricted Stock Units.
Appears in 8 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Westell Technologies Inc), Performance Based Restricted Stock Unit Award Agreement (Westell Technologies Inc), Performance Based Restricted Stock Unit Award Agreement (Westell Technologies Inc)
