Crediting Restricted Stock Units. The Company shall establish an account (“RSU Account”) on its books for each Eligible Person who receives a grant of Restricted Stock Units. Restricted Stock Units shall be credited to the Grantee’s RSU Account as of the Grant Date of such Restricted Stock Units. RSU Accounts shall be maintained for recordkeeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to RSU Accounts. The obligation to make distributions of securities or other amounts credited to RSU Accounts shall be an unfunded, unsecured obligation of the Company.
Appears in 7 contracts
Samples: Incentive Plan (Peabody Energy Corp), 2015 Long Term Incentive Plan (Peabody Energy Corp), Incentive Compensation Plan (Retrophin, Inc.)
Crediting Restricted Stock Units. The Company shall establish an account (“"RSU Account”") on its books for each Eligible Person Director who receives a grant of Restricted Stock Units. Restricted Stock Units shall be credited to the Grantee’s 's RSU Account as of the Grant Date of such Restricted Stock Units. RSU Accounts shall be maintained for recordkeeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to RSU Accounts. The obligation to make distributions of securities or other amounts credited to RSU Accounts shall be an unfunded, unsecured obligation of the Company.
Appears in 1 contract
Samples: 2011 Non Employee Directors' Equity Incentive Plan (Garmin LTD)
