Common use of Performance Restricted Stock Unit Clause in Contracts

Performance Restricted Stock Unit. Subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Participant that number of Performance RSUs (the “Award”) effective on the Date of Grant set forth below: Date of Grant: {GRANTDATE} Number of Performance RSUs (“Initial Grant Number”): {PERFSHARESGRANTED} Vesting Date: {PERFVESTDATE} If the Participant resides in a European Economic Area or European Union member state, due to local legal requirements the Participant must accept this Agreement no later than {270DAYS+GRANTDATE} or this Award shall terminate and will become null and void. For purposes of this Agreement, the Participant is deemed to reside in the country where his or her Employer is located. If the Participant resides in the United States and does not accept this Agreement by {270DAYS+GRANTDATE}, or such other date that may be communicated, the Company will automatically accept the Agreement on the Participant’s behalf. If the Participant declines this Agreement, this Award shall terminate and will become null and void. The Participant may not decline this Agreement on or after {270DAYS+GRANTDATE}. Each one (1) Performance RSU shall, if and when it vests in accordance with this Agreement, automatically convert into one (1) share of common stock, US$0.16 2/3 par value, of the Company (“Common Stock”) issuable as provided below. The Performance RSUs are subject to the vesting provisions set forth in Section 2 (including any performance-based vesting conditions set forth in Appendix A), the restrictions on transfer set forth in Section 3, and the right of the Company to retain Shares (as defined below) pursuant to Section 7.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Analog Devices Inc), www.sec.gov

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Performance Restricted Stock Unit. Subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Participant that number of Performance RSUs (the “Award”) effective on the Date of Grant set forth below: Date of Grant: {GRANTDATEGrant Date} Number of Performance RSUs (“Initial Grant Number”): {PERFSHARESGRANTEDNumber of Awards Granted} Vesting Date: {PERFVESTDATECliff Vesting Date} If the Participant resides in a European Economic Area or European Union member state, due to local legal requirements the Participant must accept this Agreement no later than {270DAYS+GRANTDATEGrant Custom 4} or this Award shall terminate and will become null and void. For purposes of this Agreement, the Participant is deemed to reside in the country where his or her Employer is located. If the Participant resides in the United States and does not accept this Agreement by {270DAYS+GRANTDATEGrant Custom 4}, or such other date that may be communicated, the Company will automatically accept the Agreement on the Participant’s behalf. If the Participant declines this Agreement, this Award shall terminate and will become null and void. The Participant may not decline this Agreement on or after {270DAYS+GRANTDATEGrant Custom 4}. Each one (1) Performance RSU shall, if and when it vests in accordance with this Agreement, automatically convert into one (1) share of common stock, US$0.16 2/3 par value, of the Company (“Common Stock”) Stock issuable as provided below. The Performance RSUs are subject to the vesting provisions set forth in Section 2 (including any performance-based vesting conditions set forth in Appendix A), the restrictions on transfer set forth in Section 3, and the right of the Company to retain Shares (as defined below) pursuant to Section 7.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Agreement (Analog Devices Inc)

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Performance Restricted Stock Unit. Subject to the terms and conditions of the Plan and this Agreement, the Company has granted to the Participant that number of Performance RSUs (the “Award”) effective on the Date of Grant set forth below: Date of Grant: {GRANTDATE} Grant Date Number of Performance RSUs (“Initial Grant Number”): {PERFSHARESGRANTED} Number of Awards Granted Vesting Date: {PERFVESTDATE} Cliff Vesting Date If the Participant resides in Australia, Canada, China, a European Economic Area or European Union member state, Hong Kong, Israel, Japan, Serbia, Switzerland, Taiwan, Turkey, or the United Kingdom, due to local legal requirements the Participant must accept this Agreement no later than {270DAYS+GRANTDATE} Grant Custom 4 or this Award shall terminate and will become null and void. For purposes of this Agreement, the Participant is deemed to reside in the country where his or her Employer is located. If the Participant resides in the United States or any other country listed in Appendix B and not listed in the paragraph above and does not accept this Agreement by {270DAYS+GRANTDATE}Grant Custom 4, or such other date that may be communicated, the Company will automatically accept the Agreement on the Participant’s behalf. If the Participant declines this Agreement, this Award shall terminate and will become null and void. The Participant may not decline this Agreement on or after {270DAYS+GRANTDATE}Grant Custom 4. Each one (1) Performance RSU shall, if and when it vests in accordance with this Agreement, automatically convert into one (1) share of common stock, US$0.16 2/3 par value, of the Company (“Common Stock”) Stock issuable as provided below. The Performance RSUs are subject to the vesting provisions set forth in Section 2 (including any performance-based vesting conditions set forth in Appendix A), the restrictions on transfer set forth in Section 3, and the right of the Company to retain Shares (as defined below) pursuant to Section 7.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Agreement (Analog Devices Inc)

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