Common use of Grant of RSU Award Clause in Contracts

Grant of RSU Award. The Company hereby grants to the Participant the total number of Restricted Stock Units set forth above (the “RSUs”), subject to all of the terms and conditions of this Grant Agreement and the Plan. Each vested and payable RSU entitles the Participant to receive a share of Common Stock (or a cash payment of equivalent value), as described in Paragraph 3.

Appears in 2 contracts

Samples: Restricted Stock Unit Grant Agreement (Signal Genetics, Inc.), Restricted Stock Unit Grant Agreement (Signal Genetics LLC)

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Grant of RSU Award. The Company hereby grants to the Participant the total number of Restricted Stock Units set forth above (the “RSUs”), subject to all of the terms and conditions of this Grant Agreement and the Plan. Each vested and payable RSU entitles the Participant to receive the Fair Market Value of a share of Common Stock (or a cash payment of equivalent value)Stock, as determined at the Payment Date, and payable as described in Paragraph 3.

Appears in 2 contracts

Samples: Grant Agreement (Signal Genetics, Inc.), Restricted Stock Unit Grant Agreement (Signal Genetics LLC)

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