Limitations on Number of Restricted Stock Units. The number of RSUs subject to the Target Award, plus the aggregate value of all other “long term restricted stock” that is intended to be exempt from the TARP bonus prohibition for the fiscal year in which the Grant Date occurs, shall not exceed 1/3 of the Participant’s annual compensation for such fiscal year, determined by including the total Fair Market Value of all equity-based compensation granted during such fiscal year in the Participant’s annual compensation.
Appears in 4 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp), Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp), Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp)
