Common use of Grant of Deferred Stock Units Clause in Contracts

Grant of Deferred Stock Units. The Award is granted pursuant to and is subject to and governed by the Plan and the terms of this Agreement. Unless otherwise defined in this Agreement, capitalized terms used herein shall have the same meaning as in the Plan. The Shares of Common Stock that are issuable after the Deferred Stock Units have been earned are referred to in this Agreement as “Shares.” The Deferred Stock Units shall be granted to the Participant without payment of consideration (other than continuing services).

Appears in 7 contracts

Samples: Director Deferred Stock Unit Agreement (Red Hat Inc), Director Deferred Stock Unit Agreement (Red Hat Inc), Director Deferred Stock Unit Agreement (Red Hat Inc)

AutoNDA by SimpleDocs

Grant of Deferred Stock Units. The Award is granted pursuant to and is subject to and governed by the Plan and the terms of this Agreement. Unless otherwise defined in this Agreement, capitalized terms used herein shall have the same meaning as in the Plan. The Shares of Common Stock that are issuable after the Deferred Stock Units have been earned are referred to in this Agreement as “Shares.” The Deferred Stock Units shall be granted to the Participant without payment of consideration (other than continuing the continued performance of services).

Appears in 1 contract

Samples: Director Deferred Stock Unit Agreement (Red Hat Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!