Outstanding RSUs Sample Clauses
The 'Outstanding RSUs' clause defines the treatment and status of any Restricted Stock Units (RSUs) that have been granted to an individual but have not yet vested or been settled. In practice, this clause typically outlines what happens to these unvested RSUs in scenarios such as termination of employment, change of control, or other triggering events. For example, it may specify whether unvested RSUs are forfeited, accelerated, or continue to vest under certain conditions. The core function of this clause is to provide clarity and predictability regarding the fate of outstanding equity awards, thereby managing expectations and reducing disputes between the company and the RSU holder.
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Outstanding RSUs. No more than 60 days following the date hereof, IDB Buyer must provide Seller with, for each individual identified in Section 5.9(b)(i), a complete and accurate list as of the date of delivery identifying (i) whether the individual is described in clause (A), (B) or (C) of Section 5.9(b)(i) (and in the case of individuals described in clause (A), the relevant jurisdiction), (ii) the number of shares of GFI Common Stock subject to IDB RSUs then held by such person, and (iii) whether Consent has then been obtained in respect of such individual. IDB Buyer shall update such list and deliver it to Seller not less frequently than monthly thereafter.
Outstanding RSUs. Participant shall be eligible for prorated vesting with respect to the Outstanding RSUs as set forth in the award agreement for the Outstanding RSUs; provided, that any delivery or retention of vested shares subject to the Outstanding RSUs shall be undertaken in accordance with and subject to the terms set forth in such award agreement.”
Outstanding RSUs. No more than 60 days following the date hereof, GFI must provide CME with, for each individual identified in Section 6.6(e)(ii)(A), a complete and accurate list as of the date of delivery identifying (A) whether the individual is described in clause (I), (II) or (III) of Section 6.6(e)(ii)(A) (and in the case of individuals described in clause (I), the relevant jurisdiction), (ii) the number of shares of Genesis Common Stock subject to IDB RSUs then held by such person, and (iii) whether Consent has then been obtained in respect of such individual. GFI shall update such list and deliver it to CME not less frequently than monthly thereafter.