Common use of Grant and Vesting of Restricted Stock Units Clause in Contracts

Grant and Vesting of Restricted Stock Units. (a) As of the Grant Date, the Participant will be credited with ___________ Restricted Stock Units. Each Restricted Stock Unit is a notional amount that represents one unvested share of Common Stock, $0.01 par value, of the Company (the “Common Stock”). Each Restricted Stock Unit constitutes the right, subject to the terms and conditions of the Plan and this Award Agreement, to distribution of a Share following the vesting of such Restricted Stock Units and satisfaction of the other requirements contained herein. If the Participant’s employment with the Company and all of its Affiliates terminates before the date that all of the Restricted Stock Units vest and are distributed, his or her right to receive the Shares underlying Restricted Stock Units will be only as provided in Section 4. (b) The Restricted Stock Units will vest on the third anniversary of the Grant Date, subject to the provisions of Section 4.

Grant and Vesting of Restricted Stock Units. (a) As of the Grant Date, the Participant will be credited with ___________ Restricted Stock Units. Each Restricted Stock Unit is a notional amount that represents one unvested share of Common Stock, $0.01 par value, of the Company (the “Common Stock”). Each Restricted Stock Unit constitutes the right, subject to the terms and conditions of the Plan and this Award Agreement, to distribution of a Share following the vesting of such Restricted Stock Units and satisfaction of the other requirements contained herein. If the Participant’s employment with the Company and all of its Affiliates terminates before the date that all of the Restricted Stock Units vest and are distributed, his or her right to receive the Shares underlying Restricted Stock Units will be only as provided in Section 4. (b) The Restricted Stock Units will vest on the third anniversary of the Grant Date, subject to the provisions of Section 4.

Grant and Vesting of Restricted Stock Units. (a) As of the Grant Date, the Participant will be credited with ___________ Restricted Stock Units. Each Restricted Stock Unit is a notional amount that represents one unvested share of Common Stock, $0.01 par value, of the Company (the “Common Stock”)Share. Each Restricted Stock Unit constitutes the right, subject to the terms and conditions of the Plan and this Award Agreement, to distribution of a Share following the vesting of such Restricted Stock Units and satisfaction of the other requirements contained herein. If the Participant’s employment with the Company and all of its Affiliates terminates before the date that all of the Restricted Stock Units vest and are distributed, his or her right to receive the Shares underlying Restricted Stock Units will be only as provided in Section 4. (b) The Restricted Stock Units will vest on the third anniversary of the Grant Date, subject to the provisions of Section 4.

Grant and Vesting of Restricted Stock Units. (a) As of the Grant Date, the Participant will be credited with ___________ the number of Restricted Stock UnitsUnits set forth in the letter that accompanies this Award Agreement. Each Restricted Stock Unit is a notional amount that represents one unvested share of Common Stock, $0.01 par value, of the Company (the “Common Stock”)Share. Each Restricted Stock Unit constitutes the right, subject to the terms and conditions of the Plan and this Award Agreement, to distribution of a Share following the vesting of such Restricted Stock Units and satisfaction of the other requirements contained herein. If the Participant’s employment with the Company and all of its Affiliates terminates before the date that all of the Restricted Stock Units vest and are distributed, his or her Participant’s right to receive the Shares underlying Restricted Stock Units will be only as provided in Section 4. (b) The Restricted Stock Units will vest on the third anniversary of the Grant Date, subject to the provisions of Section 4.