Common use of Other Terms Relating to Rsus Clause in Contracts

Other Terms Relating to Rsus. (a) The number of RSUs credited to a Participant’s Account shall include fractional RSUs calculated to at least three decimal places, unless otherwise determined by the Committee. Upon settlement of RSUs, Participant shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such RSUs, unless the Company arranges to deliver shares to an account of Participant to which fractional shares may be credited without requiring the Company to in fact issue a fractional share.

Appears in 5 contracts

Samples: Restricted Stock Unit Grant Agreement (Ims Health Inc), Restricted Stock Unit Grant Agreement (Ims Health Inc), Restricted Stock Units Agreement (Ims Health Inc)

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Other Terms Relating to Rsus. (a) The number of RSUs credited to a Participant’s 's Account shall include fractional RSUs calculated to at least three decimal places, unless otherwise determined by the Committee. Upon settlement of RSUs, Participant shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such RSUs, unless the Company arranges to deliver shares to an account of Participant to which fractional shares may be credited without requiring the Company to in fact issue a fractional share.

Appears in 1 contract

Samples: Restricted Stock Units Agreement (Ims Health Inc)

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Other Terms Relating to Rsus. (a) The number of RSUs credited to a Participant’s Employee's Account shall include fractional RSUs calculated to at least three decimal places, unless otherwise determined by the Committee. Upon settlement of RSUs, Participant Employee shall be paid, in cash, an amount equal to the value of any fractional share that would have otherwise been deliverable in settlement of such RSUs, unless the Company arranges to deliver shares to an account of Participant to which fractional shares may be credited without requiring the Company to in fact issue a fractional share.

Appears in 1 contract

Samples: 1 Agreement and Release (V F Corp /Pa/)

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