Common use of Grant of Restricted Stock Unit Award Clause in Contracts

Grant of Restricted Stock Unit Award. Pursuant to action of the Board and/or the Committee, the Company hereby grants to the Grantee an award (“Award”) of _______ Restricted Stock Units. Each Restricted Stock Unit is a bookkeeping entry that represents the right to receive on a date determined in accordance with this Agreement one Share of Stock, subject to the risk of cancellation and forfeiture as described herein.

Grant of Restricted Stock Unit Award. Pursuant to action of the Board and/or the CommitteeCommittee through its delegated authority, the Company hereby grants to the Grantee an award (“Award”) of __________ Restricted Stock Units. Each Restricted Stock Unit is a bookkeeping entry that represents the right of the Grantee to receive on a date determined cash payment equal to the Fair Market Value of one Share of Stock upon vesting in the future in accordance with this Agreement one Share of Stock, the terms and subject to the risk of cancellation and forfeiture as described herein.

Grant of Restricted Stock Unit Award. Pursuant to action of the Board and/or the Committee, the Company hereby grants to the Grantee an award (“Award”) of __________ Restricted Stock Units. Each Restricted Stock Unit is a bookkeeping entry that represents the right to receive on a date determined in accordance with this Agreement one Share of Stock, subject to the risk of cancellation and forfeiture as described herein.

Grant of Restricted Stock Unit Award. Pursuant to action of the Board and/or the CommitteeCommittee through its delegated authority, the Company hereby grants to the Grantee an award (“Award”) of _______ Restricted Stock Units. Each Restricted Stock Unit is a bookkeeping entry that represents the right of the Grantee to receive on a date determined cash payment equal to the Fair Market Value of one Share of Stock upon vesting in the future in accordance with this Agreement one Share of Stock, the terms and subject to the risk of cancellation and forfeiture as described herein.

Grant of Restricted Stock Unit Award. Pursuant to action of the Board and/or the Committee, the Company hereby grants to the Grantee an award (“Award”) of _______ 312,500 Restricted Stock Units. Each Restricted Stock Unit is a bookkeeping entry that represents the right to receive on a date determined in accordance with this Agreement one Share of Stock, subject to the risk of cancellation and forfeiture as described herein.

Grant of Restricted Stock Unit Award. Pursuant to action of the Board and/or the Committee, the Company hereby grants to the Grantee an award (“Award”) of _______ 19,000 Restricted Stock Units. Each Restricted Stock Unit is a bookkeeping entry that represents the right to receive on a date determined in accordance with this Agreement one Share of Stock, subject to the risk of cancellation and forfeiture as described herein.