Common use of Grant of Units Clause in Contracts

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 6 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######QUANTITY] Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] ______________ Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 75,000 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 500,000 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 210,000 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 246 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 600,000 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 1,503 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 4,160 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 435,000 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 2,990 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 2,000 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective Pursuant to the Plan and subject to the terms and conditions of this Agreement, the Company hereby grants to the Grantee stock units ("Units") effective as of the Date of Grant, the Company grants the Grantee [#######] Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the PlanGrant Date. Each Unit is subject represents the right to settlement into receive one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested at the time provided in accordance with this Agreement.

Appears in 1 contract

Samples: Stock Unit Agreement (Frontier Airlines Inc /Co/)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 30,000 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 25,000 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 1,291 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

Grant of Units. Effective as of the Date of Grant, the Company grants the Grantee [#######] 1,881 Restricted Stock Units (the “Units”) subject to the provisions of this Agreement and the Plan. Each Unit is subject to settlement into one share of Common Stock (a “Share”) that will be delivered to Grantee pursuant to this Agreement when and if such Unit becomes vested in accordance with this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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