Iac Restricted Stock Units Sample Clauses
The IAC Restricted Stock Units clause defines the terms under which restricted stock units (RSUs) are granted to employees or other recipients by IAC. It typically outlines eligibility, vesting schedules, and the conditions that must be met for the RSUs to convert into actual shares, such as continued employment or achievement of performance goals. This clause serves to incentivize and retain key personnel by aligning their interests with the company's long-term performance, while also clarifying the rights and obligations associated with the RSUs.
Iac Restricted Stock Units. (a) Subject to the approval of the Compensation Committee of the Board of Directors of IAC (the “Compensation Committee”) and Employee’s continued performance of services for HSN, Employee shall be granted, under the IAC 2005 Stock & Annual Incentive Plan, an award of 50,000 restricted stock units (the “▇▇▇▇ ▇▇▇ Award”). The vesting and other terms for the ▇▇▇▇ ▇▇▇ Award are set forth in the form of Award Notice and related Terms and Conditions attached as Exhibit A hereto. In the event of any conflict or ambiguity between this Agreement and the Terms and Conditions, the Terms and Conditions shall control.
(b) It is agreed and understood that Employee has been granted an award of 11,768 Restricted Stock Units from IAC pursuant to a Restricted Stock Unit Agreement dated February 16, 2007 between Employee and IAC (“IAC RSU Agreement”). In addition to the ▇▇▇▇ ▇▇▇ Award, the prior award pursuant to the IAC RSU Agreement shall remain in full force and effect, and the restricted stock units provided by the IAC RSU Agreement shall continue to vest on the schedule and terms set forth in the IAC RSU Agreement.
Iac Restricted Stock Units. In consideration of Employee's entering into this Agreement and as an inducement to continue in the employ of the Company, Employee shall be granted 25,000 restricted stock units (the "IAC Restricted Stock Units") with respect to Common Stock of IAC pursuant to IAC's 2000 Stock and Annual Incentive Plan and a restricted stock unit agreement, subject to the approval of the Compensation Committee of the Board of Directors of IAC (the "IAC Compensation Committee"). The date of grant of the IAC Restricted Stock Units shall be the later of (x) the Effective Date and (y) the date on which the grant is approved by the IAC Compensation Committee. To the extent not otherwise provided in this Agreement, the IAC Restricted Stock Units shall have the same terms and conditions as provided for in grants of restricted stock units to other similarly situated executive officers of IAC and its subsidiaries in February 2003.
Iac Restricted Stock Units