Purchaser Retention RSUs Sample Clauses

Purchaser Retention RSUs. The Purchaser Retention RSUs shall be granted to certain employees of Plus Products on Closing, as determined by the Plus Products Management and agreed by the Purchaser (the “Plus Products Employees”), provided that Plus Products Employees are only entitled to receive their share of the Purchaser Retention RSUs if such employee continues to provide services to the Plus Group up to the Closing Date and continues to provide services to the Plus Group or Purchaser (or an Affiliate) as a full or part-time employee or consultant, following the Closing Date and through the applicable vesting period associated with such Purchaser Retention RSU. Purchaser Retention RSUs shall be granted subject to the following terms, and such other terms as are specified in the applicable grant agreement:
Sample 1
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Purchaser Retention RSUs. On the Closing Date, the Purchaser Retention RSUs shall be awarded, RSU Agreements shall be entered into between the Purchaser and the grantees, the grantees shall pay any required withholding tax arising from the award of such RSUs, and such Purchaser Retention RSUs will be allocated to certain employees and consultants of the Company as determined by the Plus Products Management and agreed by the Purchaser (collectively, the “Plus Products Employees”) in accordance with the provisions of the Acquisition Agreement. The Plus Products Employee are only entitled to be awarded the Purchaser Retention RSUs by the Purchaser if such person: (i) remains engaged as a full or part-time employee or consultant of the Plus Group or the Purchaser (or an Affiliate) and continues to provide services to the Plus Group or the Purchaser (or an Affiliate) up to the Closing Date; and (ii) continues to provide services to the Plus Group or the Purchaser (or an Affiliate), either as a full or part-time employee of or consultant to the Plus Group or the Purchaser (or an Affiliate), following the Closing Date and through the applicable vesting period associated with such Purchaser Retention RSU.
Sample 1
Purchaser Retention RSUs. The Purchaser Retention RSUs shall be awarded and delivered to the Company on the Closing Date in connection with the Closing, and will be distributed in accordance with the provisions of the Acquisition Agreement to certain employees of the Company to be determined by Plus Products Management and agreed by the Purchaser (the "Plus Products Employees"), provided that such Plus Products Employees are only entitled to receive their share of the Purchaser Retention RSUs if such employee continues to provide services to the Plus Group up to the Closing Date and is employed by the Purchaser on and following the Closing Date and remains employees as of the third anniversary of the Closing Date, and subject to the terms of such Purchaser Retention RSUs.
Sample 1

Related to Purchaser Retention RSUs

  • RSUs The Continuing Stock Units shall continue to vest in accordance with the terms of the Original RSU Award Documents, on the same basis as such stock units would have become vested if Executive had remained employed under this Agreement through the Scheduled Expiration Date. Except as otherwise expressly provided herein, all such Continuing Stock Units shall be subject to, and administered in accordance with, the Original RSU Award Documents. Any of Executive’s restricted stock unit awards that have not become vested on or before the Termination Date, and that are outstanding at the Termination Date, but which are not Continuing Stock Units, shall automatically terminate on the Termination Date. Notwithstanding any term or provision of the Original RSU Award Documents:

  • Forfeiture of Restricted Stock Units Except as provided in Section 3, if the Employee terminates employment prior to the satisfaction of the vesting requirements set forth in Section 2(a) above, any unvested Restricted Stock Units shall immediately be forfeited. The period of time during which the Restricted Stock Units covered by this Award are forfeitable is referred to as the “Restricted Period.”

  • Unvested Common Shares Issued in Settlement of Performance Share Awards If the Executive terminates employment pursuant to Sections 6(b), 6(d) or 6(e)(i) after the Performance Share Vesting Date, the vesting of all Unvested Common Shares (as defined in the Performance Share Agreement) issued in settlement of the Performance Share Award shall be accelerated in full effective as of the date of such termination.

  • Performance Shares The Performance Shares earned by the Grantee will be determined and delivered to the Grantee as soon as practicable subsequent to the determination of the Corporation’s financial results for the Performance Cycle and approval by the Plan Administrator. The corresponding shares of the Corporation’s common stock will be purchased on the open market.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

  • Award of Performance Stock Units The Company hereby grants to you, effective as of the Grant Date, an Award of Performance Stock Units for that number of Performance Stock Units communicated to you and set forth in the Company’s records (the “PSUs”), on the terms and conditions set forth in such communication, this Agreement and the Plan. Each PSU represents the right to receive one share of Stock, subject to the terms and conditions set forth herein.

  • Restricted Share Units Restricted Share Units means Restricted Share Units granted to Participant under the Plan subject to such terms and conditions as the Committee may determine at the time of issuance.

  • Forfeiture of Restricted Shares Subject to Section 4(b), if your Service to the Company or any Affiliate terminates before all of the Restricted Shares have vested, or if you attempt to transfer Restricted Shares in a manner contrary to the transfer restrictions, you will immediately forfeit all unvested Restricted Shares. Any Restricted Shares that are forfeited shall be returned to the Company for cancellation.

  • Performance Stock Units The Company may grant to Executive performance stock units (“PSUs”) pursuant to the Incentive Plan. All PSUs are subject to and conditioned on approval of the grant and its terms by the Board. All granted PSUs shall vest as provided in the applicable PSU grant notice and grant agreement (“PSU Agreement”). All PSUs shall be subject to the terms and conditions of the Incentive Plan and a PSU Agreement in a form prescribed by the Company, which Executive must sign as a condition to receiving the PSUs.

  • Award of Performance Shares Subject to all terms and conditions of the Plan and this Agreement, the Company has awarded to the Employee on the date indicated on the Award Summary the number of Performance Shares (individually, the “PS”) as shown on the Award Summary. Notwithstanding anything herein to the contrary, only active Employees and those Employees on Short Term Disability Leave, Social Service Leave, Family Medical Leave or Paid Uniform Services Leave (pursuant to the Company’s Human Resources Policies) on the effective date of the award as shown on the Award Summary shall be eligible to receive the award.

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