Common use of Performance Restricted Stock Units Clause in Contracts

Performance Restricted Stock Units. The Restricted Stock Units are Performance Awards and will become vested if and to the extent the service and performance vesting conditions set forth in Section 2 are satisfied. To the extent so vested, each Restricted Stock Unit represents an unfunded, unsecured right of the Grantee to receive one Share at a specified time.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement (Destination Maternity Corp), Restricted Stock Unit Award Agreement (Destination Maternity Corp)

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