Common use of Fractional RSUs and Shares Clause in Contracts

Fractional RSUs and Shares. The number of RSUs credited to Employee’s Account shall include fractional RSUs, if any, calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional Shares (without requiring issuance of a fractional Share by the Company), upon settlement of the RSUs Employee shall be paid, in cash, an amount equal to the value of any fractional Share that would have otherwise been deliverable in settlement of such RSUs.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (US Power Generating CO), Restricted Stock Units Agreement (US Power Generating CO), Restricted Stock Units Agreement (US Power Generating CO)

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Fractional RSUs and Shares. The number of RSUs credited to Employee’s Account shall include fractional RSUs, if any, calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional Shares shares (without requiring issuance of a fractional Share share by the Company), upon settlement of the RSUs Employee shall be paid, in cash, an amount equal to the value of any fractional Share share that would have otherwise been deliverable in settlement of such RSUs.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Rodman & Renshaw Capital Group, Inc.)

Fractional RSUs and Shares. The number of RSUs credited to Employee’s 's Account shall include fractional RSUs, if any, calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional Shares (without requiring issuance of a fractional Share by the Company), upon settlement of the RSUs Employee shall be paid, in cash, an amount equal to the value of any fractional Share that would have otherwise been deliverable in settlement of such RSUs.

Appears in 1 contract

Samples: Employment Agreement (A-Mark Precious Metals, Inc.)

Fractional RSUs and Shares. The number of RSUs credited to Employee’s 's Account shall include fractional RSUs, if any, calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional Shares (without requiring issuance of a fractional Share by the Company), upon settlement of the RSUs Employee shall be paid, in cash, an amount equal to the value of any fractional Share that would have otherwise been deliverable in settlement of such RSUs.

Appears in 1 contract

Samples: Employment Agreement (A-Mark Precious Metals, Inc.)

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Fractional RSUs and Shares. The number of RSUs credited to Employee’s 's Account shall include fractional RSUs, if any, calculated to at least three decimal places, unless otherwise determined by the Committee. Unless settlement is effected through a third-party broker or agent that can accommodate fractional Shares shares (without requiring issuance of a fractional Share share by the Company), upon settlement of the RSUs Employee shall be paid, in cash, an amount equal to the value of any fractional Share share that would have otherwise been deliverable in settlement of such RSUs.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Rodman & Renshaw Capital Group, Inc.)

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