Common use of Deferral of RSUs Clause in Contracts

Deferral of RSUs. You may file a separate deferral election with respect to each form of RSUs you may be awarded under the Agreement; that is, a deferral election for any Look-Back RSUs, a deferral election for any Revenue Growth RSUs, and/or a deferral election for any TSR Performance RSUs. Any deferral period must be expressed as a number of whole years, not less than five (5) or more than ten (10), beginning on the Determination Date. Deferral election must be made no earlier than the Determination Date for the form of RSUs involved and no later than thirty (30) days after the Determination Date applicable to the form a RSUs you are electing to defer. Any such deferral must apply to receipt of all Shares underlying that form of RSU award; for example, if you were to elect a deferral period of seven (7) years for any Revenue Growth RSUs, this would result in you receiving Shares underlying the entire Revenue Growth RSUs award seven (7) years from the Determination Date regardless of the fact that the Revenue Growth RSUs may have vested at differing times. If no deferral period is specified on the Deferral Election Form or if the Company does not receive from you, a signed and dated Deferral Election Form within the required election period applicable to any form of RSUs, Shares underlying those RSUs will be issued as described in the Agreement as soon as practicable upon vesting of the RSUs. ¨ No deferral. I wish to receive Shares upon vesting of each installment of RSUs. ¨ I wish to defer receipt of all Shares underlying any Look-Back RSUs until years (minimum of 5) after the Determination Date. ¨ I wish to defer receipt of all Shares underlying any Revenue Growth RSUs until years (minimum of 5) after the Determination Date. ¨ I wish to defer receipt of all Shares underlying any TSR Performance RSUs until years (minimum of 5) after the Determination Date.

Appears in 3 contracts

Samples: 2013 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2012 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2012 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.)

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Deferral of RSUs. You may file a separate deferral election with respect to each form of RSUs you may be awarded under the Agreement; that is, a deferral election for any Look-Back RSUs, a deferral election for any Revenue Growth RSUs, and/or a deferral election for any TSR Performance RSUs. Any deferral period must be expressed as a number of whole years, not less than five (5) or more than ten (10), beginning on the Determination Date. Deferral election must be made no earlier than the Determination Date for the form of RSUs involved and no later than thirty (30) days after the Determination Date applicable to the form a RSUs you are electing to defer. Any such deferral must apply to receipt of all Shares underlying that form of RSU award; for example, if you were to elect a deferral period of seven (7) years for any Revenue Growth RSUs, this would result in you receiving Shares underlying the entire Revenue Growth RSUs award seven (7) years from the Determination Date regardless of the fact that the Revenue Growth RSUs may have vested at differing times. All Deferrals are subject to the terms of the Agreement. The Agreement generally provides for distribution of all vested Shares within thirty (30) days following your Separation From Service (subject to the six (6)-month delay described in Section 22(b) of the Agreement which applies to certain Participants in the Plan) if your Separation From Service occurs prior to the deferral date below. If no deferral period is specified on the Deferral Election Form or if the Company does not receive from you, a signed and dated Deferral Election Form within the required election period applicable to any form of RSUs, Shares underlying those RSUs will be issued as described in the Agreement as soon as practicable upon vesting of the RSUs. ¨ No deferral. I wish to receive Shares upon vesting of each installment of RSUs. ¨ I wish to defer receipt of all Shares underlying any Look-Back RSUs until ____ years (minimum of 5) after the Determination Date. ¨ I wish to defer receipt of all Shares underlying any Revenue Growth RSUs until ____ years (minimum of 5) after the Determination Date. ¨ I wish to defer receipt of all Shares underlying any TSR Performance RSUs until ____ years (minimum of 5) after the Determination Date.

Appears in 2 contracts

Samples: 2016 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2015 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.)

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Deferral of RSUs. You may file a separate deferral election with respect to each form of RSUs you may be awarded under the Agreement; that is, a deferral election for any Look-Back RSUs, a deferral election for any Revenue Growth RSUs, and/or a deferral election for any TSR Performance RSUs. Any deferral period must be expressed as a number of whole years, not less than five (5) or more than ten (10), beginning on the Determination Date. Deferral election must be made no earlier than the Determination Date for the form of RSUs involved and no later than thirty (30) days after the Determination Date applicable to the form a RSUs you are electing to defer. Any such deferral must apply to receipt of all Shares underlying that form of RSU award; for example, if you were to elect a deferral period of seven (7) years for any Revenue Growth RSUs, this would result in you receiving Shares underlying the entire Revenue Growth RSUs award seven (7) years from the Determination Date regardless of the fact that the Revenue Growth RSUs may have vested at differing times. If no deferral period is specified on the Deferral Election Form or if the Company does not receive from you, a signed and dated Deferral Election Form within the required election period applicable to any form of RSUs, Shares underlying those RSUs will be issued as described in the Agreement as soon as practicable upon vesting of the RSUs. ¨ o No deferral. I wish to receive Shares upon vesting of each installment of RSUs. ¨ I wish to defer receipt of all Shares underlying any Look-Back RSUs until years (minimum of 5) after the Determination Date. ¨ I wish to defer receipt of all Shares underlying any Revenue Growth RSUs until years (minimum of 5) after the Determination Date. ¨ I wish to defer receipt of all Shares underlying any TSR Performance RSUs until years (minimum of 5) after the Determination Date.

Appears in 2 contracts

Samples: Executive Performance Rsu Award Agreement (Fuel Tech, Inc.), 2011 Executive Performance Rsu Award Agreement (Fuel Tech, Inc.)

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