Common use of Number of Stock Units Awarded Clause in Contracts

Number of Stock Units Awarded. Stock Units Each Stock Unit represents a contingent right to receive one Share (or a cash payment equivalent to the value of one Share) upon satisfaction of the conditions in this Agreement and the Plan.

Appears in 4 contracts

Samples: Incentive Plan Conversion Award (Phinia Inc.), Stock Incentive Plan Conversion Award (Phinia Inc.), 2023 Stock Incentive Plan Stock Unit Award Agreement (Phinia Inc.)

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Number of Stock Units Awarded. [________] Stock Units Each Stock Unit represents a contingent right to receive one Share (or a cash payment equivalent to the value of one Share) upon satisfaction of the conditions in this Agreement and the Plan.

Appears in 1 contract

Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Phinia Inc.)

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