Common use of OFFER OF RESTRICTED STOCK UNITS Clause in Contracts

OFFER OF RESTRICTED STOCK UNITS. This is an offer made by the Company under the Plan to eligible Australian Employees for no consideration. Each Restricted Stock Unit represents the right to receive, on the date the Restricted Stock Unit becomes vested, a fully-paid share of the Company's Common Stock (“Share”) or a cash amount equal to the value of a Share if the Company elects to settle the Restricted Stock Unit in cash.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.), Restricted Stock Unit Agreement (NetApp, Inc.)

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