Restricted Stock and Restricted Stock Unit Awards Sample Clauses

Restricted Stock and Restricted Stock Unit Awards. Subject to adjustment as provided in Section 4.2, no Employee shall be granted within any fiscal year of the Company one or more Restricted Stock Awards or Restricted Stock Unit Awards, subject to Vesting Conditions based on the attainment of Performance Goals, for more than one million (1,000,000) shares of Stock reserved for issuance under the Plan.
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Restricted Stock and Restricted Stock Unit Awards. A WMIH restricted stock award consists of shares of WMIH common stock that generally are non-transferable and subject to other restrictions imposed by the WMIH compensation committee, including, for example, restrictions on the right to receive dividends or vote the shares. Restrictions on WMIH restricted stock may lapse separately or in combination, at such times, in such circumstances, in installments or otherwise as determined by the WMIH compensation committee at the time of grant or thereafter. Participants may not exercise voting rights with respect to WMIH restricted stock unless otherwise provided in the award agreement. If a participant terminates employment or service during the restricted period, then any unvested WMIH restricted stock will be forfeited except as otherwise provided in the award agreement. The WMIH compensation committee may waive any restrictions or forfeiture conditions relating to a WMIH restricted stock award. Any certificates representing shares of WMIH restricted stock that are registered in a participant’s name will bear an appropriate legend referring to the applicable terms, conditions and restrictions, and may be retained in WMIH’s possession until all applicable restrictions have lapsed. A WMIH restricted stock unit award represents the right to receive a specified number of shares of WMIH common stock, or a cash payment equal to the fair market value as of a specified date of a specified number of shares of WMIH common stock, subject to any vesting or other restrictions deemed appropriate by the WMIH compensation committee. Restrictions on WMIH restricted stock units may lapse separately or in combination, at such times, in such circumstances, in installments or otherwise as determined by the WMIH compensation committee at the time of grant or thereafter. If a participant terminates employment or services during the restricted period, then any units that are at that time subject to restrictions will be forfeited except as otherwise provided in the award agreement. The WMIH compensation committee may waive any restrictions or forfeiture conditions relating to a WMIH restricted stock award. Payment for WMIH restricted stock units will be made at the time designated by the WMIH compensation committee in the award agreement, and may be in the form of cash or shares of WMIH common stock, or in a combination of both, as provided by the WMIH compensation committee in the applicable award agreement.
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Restricted Stock and Restricted Stock Unit Awards. Although the Severance Plan does not entitle Executive to any accelerated vesting of restricted stock or restricted stock unit awards or any payment in lieu of stock, Flowserve agrees that as consideration for Executive’s ongoing cooperation as described under Paragraph 4 and assistance in an orderly transition of Executive’s job duties, Executive shall receive a lump-sum cash payment equal to the value of 7,500 restricted stock units, less applicable taxes and withholdings (the “Payment for Certain RSUs”) (which represents a portion of the restricted stock unit award granted to Executive pursuant to the terms of the Offer Letter between Executive and Flowserve, dated as of April 16, 2015), subject to the terms and conditions set forth in Paragraph 2.g. The amount of the Payment for Certain RSUs shall be determined by multiplying 7,500 by the closing price per share of Flowserve Corporation common stock on the New York Stock Exchange on the Separation Date (and as provided above, shall be made less applicable taxes and withholdings). Executive acknowledges and agrees that all restricted stock and restricted stock unit awards held by Executive as of the Separation Date will be forfeited as of the Separation Date, and Executive will not be entitled to receive any shares of Flowserve Corporation common stock, or any payment in lieu of stock or otherwise, with respect to any restricted stock or restricted stock unit awards, other than the Payment for Certain RSUs.
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Restricted Stock and Restricted Stock Unit Awards. During the Transition Period, the shares of restricted stock and restricted stock units of the Company held by Executive will continue to vest pursuant to the terms of the applicable award agreements and the Company’s stock incentive plans. The parties agree that any shares of time-based restricted stock held by Executive will vest in accordance with the applicable award agreements upon his Retirement Date. The parties further agree that any performance-based restricted stock units held by Executive that remain unvested at the end of the Transition Period will be forfeited as of the Retirement Date.
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Restricted Stock and Restricted Stock Unit Awards. Subject to the terms of this Plan, the Committee will determine all terms and conditions of each award of Restricted Stock or Restricted Stock Units, including but not limited to:
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Restricted Stock and Restricted Stock Unit Awards. The Glatfelter Compensation Committee may grant restricted stock or restricted stock units (“RSUs”) to participants under the 2024 Omnibus Plan. The terms and conditions of each such award will be established by the Glatfelter Compensation Committee and set forth in an associated award agreement. The Glatfelter Compensation Committee has the discretion to impose restrictions, including limitations on the right to vote shares underlying restricted stock awards, which restrictions may lapse separately or in combination at such times as the Glatfelter Compensation Committee may deem appropriate. Restricted stock or RSUs will be evidenced by an agreement or in such other manner as the Glatfelter Compensation Committee may determine appropriate, including book-entry registration or issuance of stock certificates. Any stock certificate issued in respect of shares underlying a restricted stock award will be registered in the name of the participant and bear an appropriate legend.
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Restricted Stock and Restricted Stock Unit Awards 
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Related to Restricted Stock and Restricted Stock Unit Awards

  • Restricted Stock Units Subject to the terms and conditions provided in this Agreement and the Plan, the Company hereby grants to the Grantee restricted stock units (the “Restricted Stock Units”) as of the Grant Date. Each Restricted Stock Unit represents the right to receive a Share of Common Stock if the Restricted Stock Unit becomes vested and non-forfeitable in accordance with Section 2 or Section 3 of this Agreement. The Grantee shall have no rights as a stockholder of the Company, no dividend rights and no voting rights with respect to the Restricted Stock Units or the Shares underlying the Restricted Stock Units unless and until the Restricted Stock Units become vested and non-forfeitable and such Shares are delivered to the Grantee in accordance with Section 4 of this Agreement. The Grantee is required to pay no cash consideration for the grant of the Restricted Stock Units. The Grantee acknowledges and agrees that (i) the Restricted Stock Units and related rights are nontransferable as provided in Section 5 of this Agreement, (ii) the Restricted Stock Units are subject to forfeiture in the event the Grantee’s Continuous Status as an Employee or Consultant or Non-Employee Director terminates in certain circumstances, as specified in Section 6 of this Agreement, (iii) sales of Shares of Common Stock delivered in settlement of the Restricted Stock Units will be subject to the Company’s policies regulating trading by Employees and Consultants, including any applicable “blackout” or other designated periods in which sales of Shares are not permitted, (iv) Shares delivered in settlement will be subject to any recoupment or “clawback” policy of the Company, regardless of whether such recoupment or “clawback” policy is applied with prospective or retroactive effect, and (v) any entitlement to dividend equivalents will be in accordance with Section 7 of this Agreement. The extent to which the Grantee’s rights and interest in the Restricted Stock Units becomes vested and non-forfeitable shall be determined in accordance with the provisions of Sections 2 and 3 of this Agreement.

  • Award of Restricted Stock Units The Company, effective as of the date of this Agreement, hereby grants to Participant an award of Restricted Stock Units, each Restricted Stock Unit representing the right to receive one share of Common Stock on such date as set forth herein, plus an additional amount pursuant to Section 2(b) hereof, subject to the terms and conditions set forth in this Agreement.

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