Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Biocept Inc), Restricted Stock Unit Agreement (Biocept Inc), Restricted Stock Unit Agreement (Biocept Inc)
Grant of Restricted Stock Units. 1.1 Pursuant Subject to Section 7.2 of and upon the terms, conditions, and restrictions set forth in this Agreement and in the Company’s 2011 Equity and Performance Incentive Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units as amended (the “Plan”), the Committee has granted to Grantee, as of (the “Date of Grant”), restricted stock units (otherwise referred to in this Agreement as “Restricted Stock Units”). Each Restricted Stock Unit represents shall represent the contingent right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Axiall Corp/De/), Restricted Stock Unit Agreement (Axiall Corp/De/), Ebitda Based Restricted Stock Unit Agreement (Axiall Corp/De/)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the Company hereby issues grants to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER____] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning meanings ascribed to them in the Employment Agreement, and to the extent not defined therein, shall have the meanings ascribed to them in the Plan.
Appears in 4 contracts
Samples: Executive Employment Agreement (iSpecimen Inc.), Executive Employment Agreement (iSpecimen Inc.), Executive Employment Agreement (iSpecimen Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the Company hereby issues to the Grantee Participant, on the Grant Date Date, an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common StockStock (a “Share”), subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Supernus Pharmaceuticals, Inc.), Restricted Stock Unit Award Agreement (Supernus Pharmaceuticals, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 9 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (OP Bancorp), Restricted Stock Unit Agreement (OP Bancorp)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 3(d) of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] One Million Five Hundred Thousand (1,500,000) Restricted Stock Units (the “"Restricted Stock Units”"). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (KULR Technology Group, Inc.), Restricted Stock Unit Agreement (KULR Technology Group, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant Effective as of the Grant Date, pursuant to Section 7.2 Paragraph 8(a)(ii) of the Plan, the Company hereby issues has awarded to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units representing a total of [ number of shares granted ] shares of Common Stock, subject to the conditions and restrictions set forth below and in the Plan (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Non Employee Director Restricted Stock Unit Award Agreement (Cabot Oil & Gas Corp), Agreement (Cabot Oil & Gas Corp)
Grant of Restricted Stock Units. 1.1 Pursuant Subject to Section 7.2 of and upon the terms, conditions, and restrictions set forth in this Agreement and in the Company’s 2009 Omnibus Incentive Compensation Plan (the “Plan”), as amended from time to time, the Company hereby issues grants to the Grantee on as of the Date of Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “___________ Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of the common stock of the Company (“Common Stock”), subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Planbelow.
Appears in 2 contracts
Samples: Time Based Restricted Stock Unit Agreement (Macy's, Inc.), Time Based Restricted Stock Unit Agreement (Macy's, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the The Company hereby issues to the Grantee on the Grant Date an Award award consisting of, in the aggregate, [NUMBERTotal Number of Shares] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the PlanAgreement.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Polarityte, Inc.), Restricted Stock Unit Agreement (Polarityte, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant The Company hereby grants to Section 7.2 the Grantee, as of the PlanGrant Date, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] award of ###TOTAL_AWARDS### Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to ) on the terms and conditions set forth in this Agreement and the Plan. Each Restricted Stock Unit is granted under Section 6(e) of the Plan and represents the right to receive one share of Common Stock at the times and subject to the conditions set forth herein. Capitalized terms that are used but not defined herein have the meaning ascribed given to them in the Plan.
Appears in 2 contracts
Samples: Award Agreement (Flagstar Bancorp Inc), Restricted Stock Unit and Performance Share Unit (Flagstar Bancorp Inc)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “"Restricted Stock Units”"). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (HomeStreet, Inc.), Restricted Stock Unit Agreement (HomeStreet, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant Subject to Section 7.2 of and upon the terms, conditions, and restrictions set forth in this Agreement and in the Company’s 2011 Equity and Performance Incentive Plan (the “Plan”), the Company hereby issues has granted to Grantee, as of (the Grantee on the Grant “Date an Award consisting ofof Grant”), in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents shall represent the contingent right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Non Employee Director Restricted Stock Unit Agreement (Axiall Corp/De/), Form of Non Employee Director Restricted Stock Unit Agreement (Georgia Gulf Corp /De/)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 10 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] ________ Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Barfresh Food Group Inc.), Restricted Stock Unit Agreement (Barfresh Food Group Inc.)
Grant of Restricted Stock Units. 1.1 a. Pursuant to Section 7.2 9 of the Plan, the Company hereby issues to the Grantee Participant on the Grant Date an a Restricted Stock Unit Award consisting of, in the aggregate, [NUMBER●] Restricted Stock Units restricted stock units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to on the terms and conditions and subject to the restrictions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Chimera Investment Corp), Restricted Stock Unit Award Agreement (Chimera Investment Corp)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 8 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER________] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Agrify Corp), Restricted Stock Unit Agreement (Agrify Corp)
Grant of Restricted Stock Units. 1.1 Pursuant (a) The Company hereby grants to Section 7.2 the Participant named in the Notice of the PlanRestricted Stock Unit Grant in Part I of this Agreement (“Participant”), the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (set forth in the “Notice of Restricted Stock Units”)Unit Grant. Each Restricted Stock Unit represents the right to receive one share of Common StockShare, subject to the terms and conditions set forth in this Award Agreement and the Plan. Capitalized Any capitalized terms that are used but not defined herein shall have the meaning ascribed to them set forth in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Archimedes Tech Spac Partners Co)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 9 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] ( ) Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 Article VI of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER#] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Samples: Form of Restricted Stock Unit Award Agreement (zSpace, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 As of the date hereof, subject to the terms and conditions of this Agreement and the W. X. Xxxxxxx Corporation 2003 Stock Incentive Plan (the “Plan”), the Company hereby issues grants to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “___ Restricted Stock Units”). Each Restricted Stock Unit represents shall represent the right to receive one share of Common Stock, Stock subject to the terms and conditions set forth in this Agreement and the Planherein. Capitalized terms that are used but not defined herein shall have the meaning ascribed to them in the Plan.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 10 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] 3,901 Restricted Stock Units Units, representing a value as of the Grant Date equal to 25% of the Grantee’s base salary as of December 31, 2018 (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Arrow Financial Corp)
Grant of Restricted Stock Units. 1.1 Pursuant The Company hereby grants to Section 7.2 the Grantee, as of the PlanGrant Date, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] award of ###TOTAL_AWARDS### Restricted Stock Units (the “Restricted Stock Units” or “Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to ) on the terms and conditions set forth in this Agreement and the Plan. Each Restricted Stock Unit is granted under Section 6(e) of the Plan and represents the right to receive one share of Common Stock at the times and subject to the conditions set forth herein. Capitalized terms that are used but not defined herein have the meaning ascribed given to them in the Plan.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant 1.1Pursuant to Section 7.2 8 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “"Restricted Stock Units”"). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Capstone Green Energy Holdings, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the Company hereby issues grants to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER[ ] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the The Company hereby issues to the Grantee on the Grant Date an Award award consisting of, in the aggregate, [NUMBERTotal Shares Granted] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the PlanAgreement.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 8 of the Plan, the Company hereby issues to the Grantee Director on the Grant Date an Award consisting of, in the aggregate, of [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Cpi Aerostructures Inc)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the The Company hereby issues to the Grantee on the Grant Date an Award award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the PlanAgreement.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 9 of the Plan, the Company hereby issues to the Grantee on the Grant Date an the Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Ekso Bionics Holdings, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant The Company hereby grants to Section 7.2 the Grantee, as of the PlanGrant Date, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] award of ###TOTAL_AWARDS### Restricted Stock Units (the “"Restricted Stock Units”)") on the terms and conditions set forth in this Agreement and the Plan. Each Restricted Stock Unit represents the right to receive one share of Common Stock, Stock at the times and subject to the terms and conditions set forth in this Agreement and the Planherein. Capitalized terms that are used but not defined herein have the meaning ascribed given to them in the Plan.
Appears in 1 contract
Samples: Senior Executive Officer Award Agreement (Flagstar Bancorp Inc)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 9 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] 224,133 Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 9 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] 168,090 Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant The Company hereby grants to Section 7.2 the Grantee, as of the PlanGrant Date, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted award of ###TOTAL_AWARDS###Restricted Stock Units (the “Restricted Stock Units” or “Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to ) on the terms and conditions set forth in this Agreement and the Plan. Each Restricted Stock Unit is granted under Section 6(e) of the Plan and represents the right to receive one share of Common Stock at the times and subject to the conditions set forth herein. Capitalized terms that are used but not defined herein have the meaning ascribed given to them in the Plan.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant The Company hereby grants to Section 7.2 the Grantee, as of the PlanGrant Date, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] award of ###TOTAL_AWARDS### Restricted Stock Units (the “"Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to ") on the terms and conditions set forth in this Agreement and the Plan. Each Restricted Stock Unit is granted under Section 6(e) of the Plan and represents the right to receive one share of Common Stock at the times and subject to the conditions set forth herein. Capitalized terms that are used but not defined herein have the meaning ascribed given to them in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit and Performance Share Unit (Flagstar Bancorp Inc)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the The Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] __________________ Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the PlanAgreement.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Applied Energetics, Inc.)
Grant of Restricted Stock Units. 1.1 Pursuant The Company hereby grants to Section 7.2 the Grantee, as of the date set forth in the Grant Notice (the “Grant Date”), on the terms and conditions set forth in the Grant Notice, the Agreement and the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] number of Restricted Stock Units set forth in the Grant Notice (the “Restricted Stock UnitsUnit Award”). Each Restricted Stock Unit represents shall represent the right to receive one issued and outstanding share of Common Stockthe Class A common stock of the Company, but shall be subject to the restrictions, conditions and other terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit Grant Agreement (Stagwell Inc)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 6(b) of the Plan, the Company hereby issues to the Grantee on the Grant Date an a Restricted Stock Unit Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Grant of Restricted Stock Units. 1.1 Pursuant The Company hereby grants to Section 7.2 the Grantee, as of the PlanGrant Date, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] award of Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to ) on the terms and conditions set forth in this Agreement and the Plan. Each Restricted Stock Unit is granted under Section 6(e) of the Plan and represents the right to receive one share of Common Stock at the times and subject to the conditions set forth herein. Capitalized terms that are used but not defined herein have the meaning ascribed given to them in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit and Performance Share Unit (Flagstar Bancorp Inc)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 10 of the Plan, the Company hereby issues to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] 3,279 Restricted Stock Units Units, representing a value as of the Grant Date equal to 25% of the Grantee’s base salary as of December 31, 2017 (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Arrow Financial Corp)
Grant of Restricted Stock Units. 1.1 Pursuant to Section 7.2 of the Plan, the Company hereby issues grants to the Grantee on the Grant Date an Award consisting of, in the aggregate, [NUMBER] Restricted Stock Units (the “Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan. Capitalized terms that are used but not defined herein have the meaning ascribed to them in the Plan.
Appears in 1 contract