GRANT OF DRSUs. The DRSUs have been granted to the Participant as an incentive for the Participant to continue to provide services to the Company and its Subsidiaries, and to align the Participant’s interests with those of the Company. Each DRSU corresponds to one Common Share. Each DRSU constitutes a contingent and unsecured promise by the Company to deliver the cash equivalent of one Common Share on the settlement date, as set forth in Section 3.
GRANT OF DRSUs. The Company hereby grants to the Grantee DRSUs with respect to the number of Shares set forth above, subject to the terms and conditions of the Plan and this Agreement.
GRANT OF DRSUs. XxxxXxxx xxxxxx confirms to the Participant the grant, effective as of the Grant Date, pursuant to, and subject to, the terms and conditions set forth herein and in the Plan, of __________ service-based deferred restricted stock units (the “DRSUs”). Each DRSU represents a conditional right to receive one share of Common Stock.
