DSU Award. Pursuant to the terms of the DSU Award Agreement, twenty percent (20%) of the Deferred Stock Units subject to the DSU Award are settled on each anniversary of November 5, 2013, subject to the Executive’s continued service to the Company. The following shall apply to the settlement of the Deferred Stock Units subject to the DSU Award:
DSU Award. You have been awarded the number of DSUs shown on the attached Notice of Grant. Each DSU represents a right to receive a share of Company common stock on the vesting date (as set forth in the “Vesting Requirements” paragraph below) provided the vesting requirements set forth in this agreement have been satisfied.
DSU Award. Upon executing this Agreement, Executive will receive an award of five hundred thousand (500,000) DSUs (the “Grant Date DSUs”) pursuant to an Award Agreement (the “DSU Agreement”) under the Plan. The DSU Agreement will provide that the Comp Committee will establish performance metrics for the Grant Date DSUs within 90 days following the grant date.
DSU Award. An award of Deferred Stock Units (DSUs) reflects Boston Scientific’s commitment to grant to you a number of shares of Boston Scientific common stock (less applicable tax and other withholdings), to be issued in five equal annual increments beginning on the first anniversary of the date of the grant. The DSU award will be subject to the provisions of the 2011 LTIP and the DSU Award Agreement.
