Common use of DSUs Clause in Contracts

DSUs. In addition to any grants of options or other awards for which the Executive may be eligible under the Company's general stock plan, the Company will grant the Executive 20,000 deferred stock units, subject to the applicable Company plan governing such award and an award agreement under such plan not inconsistent with the terms of this paragraph. The grant date of this grant of deferred stock units will be the effective date of this Agreement. This grant will vest in 25% increments on the first four anniversaries of the grant date. The Executive will be solely responsible for any taxes associated with the receipt, vesting, or delivery of shares or cash under, this grant, and the Company will make appropriate withholdings from any distributions of shares or cash thereunder.

Appears in 1 contract

Samples: Executive Committee Employment Agreement (Fairchild Semiconductor International Inc)

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DSUs. In addition to any grants of options or other awards for which the Executive may be eligible under the Company's general stock plan, the The Company will shall grant the Executive 20,000 deferred stock unitsunits ("DSUS"), subject to the applicable Company plan governing such award and an award agreement under such plan not inconsistent with the terms of this paragraph. The grant date of this grant of deferred stock units will be on or about the effective date of this Agreement. This grant will vest in 25% increments on the first four anniversaries of the grant date. The Executive will be solely responsible for any taxes associated with the receipt, vesting, or delivery of shares or cash under, this grant, and the Company will make appropriate withholdings from any distributions of shares or cash thereunder.

Appears in 1 contract

Samples: Employment Agreement (Fairchild Semiconductor International Inc)

DSUs. In addition to any grants of options or other awards for which the Executive may be eligible under the Company's general stock plan, the Company will grant the Executive 20,000 10,000 deferred stock units, subject to the applicable Company plan governing such award and an award agreement under such plan not inconsistent with the terms of this paragraph. The grant date of this grant of deferred stock units will be the effective date of this Agreement. This grant will vest in 25% increments on the first four anniversaries of the grant date. The Executive will be solely responsible for any taxes associated with the receipt, vesting, or delivery of shares or cash under, this grant, and the Company will make appropriate withholdings from any distributions of shares or cash thereunder.

Appears in 1 contract

Samples: Executive Committee Employment Agreement (Fairchild Semiconductor International Inc)

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DSUs. In addition to any grants of options or other awards for which the Executive may be eligible under the Company's general stock plan, the Company will grant the Executive 20,000 15,000 deferred stock units, subject to the applicable Company plan governing such award and an award agreement under such plan not inconsistent with the terms of this paragraph. The grant date of this grant of deferred stock units will be the effective date of this Agreement. This grant will vest in 25% increments on the first four anniversaries of the grant date. The Executive will be solely responsible for any taxes associated with the receipt, vesting, or delivery of shares or cash under, this grant, and the Company will make appropriate withholdings from any distributions of shares or cash thereunder.

Appears in 1 contract

Samples: Employment Agreement (Fairchild Semiconductor International Inc)

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