Nature of Restricted Stock Units. Each Restricted Stock Unit, upon becoming vested, represents a right to receive payment in the form of one (1) share of Common Stock (a "Share"). Restricted Stock Units are used solely as units of measurement and are not Shares, and Grantee is not, and has no rights as, a shareholder of the Corporation by virtue of this Award.
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (Duke Energy CORP), Restricted Stock Unit Award Agreement (Duke Energy Florida, Llc.), Restricted Stock Unit Award Agreement (Duke Energy Florida, Llc.)
