Effect of Vesting. a. When the Participant’s RSUs vest under the terms of Section 3, such Participant shall receive as full consideration for the RSUs a number of Shares equal to the number of RSUs which vested on such date. b. The RSUs granted to the Participant shall be maintained in a bookkeeping account with the custodian appointed by the Committee from time to time (the “Custodian”) for such Participant until the RSUs are converted into Shares pursuant to this Section 5, at which time the Shares shall be issued to the Participant in accordance with Section 6 below.
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Samples: Non Employee Director Restricted Stock Unit Participation Agreement (Heidrick & Struggles International Inc), Non Employee Director Restricted Stock Unit Participation Agreement (Heidrick & Struggles International Inc), Non Employee Director Restricted Stock Unit Participation Agreement (Heidrick & Struggles International Inc)
Effect of Vesting. a. When If, and at the time, the Participant’s RSUs vest under the terms of Section 33 or Section 8, and subject to Section 7, such Participant shall receive as full consideration for the RSUs a number of Shares equal to the number of RSUs which vested on such date.
b. The RSUs granted to the Participant shall be maintained in a bookkeeping account with the custodian appointed by the Human Resources & Compensation Committee (the “Committee”) from time to time (the “Custodian”) for such Participant if and until the RSUs are converted into Shares pursuant to this Section 54, at which time the Shares shall be issued to the Participant in accordance with Section 6 5 below.
Appears in 2 contracts
Samples: Restricted Stock Unit Participation Agreement (Heidrick & Struggles International Inc), Restricted Stock Unit Participation Agreement (Heidrick & Struggles International Inc)
Effect of Vesting. a. When If, and at the time, the Participant’s RSUs vest under the terms of Section 3, such Participant shall receive as full consideration for the RSUs a number of Shares equal to the number of RSUs which vested on such date. The Participant shall have no right to receive any payments hereunder in a form other than Shares.
b. The RSUs granted to the Participant shall be maintained in a bookkeeping an account with the custodian appointed by the Committee from time to time (the “Custodian”) for such Participant if and until the RSUs are converted into Shares pursuant to this Section 5, at which time the Shares shall be issued to the Participant in accordance with Section 6 below.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Heidrick & Struggles International Inc)
