Common use of Restricted Stock Unit Grant Clause in Contracts

Restricted Stock Unit Grant. A grant of a number of restricted stock units which will be payable in shares of common stock (“Common Stock”) of Parent with an economic value as of the Grant Date equal to approximately USD $25,000 (the “Restricted Stock Units”). The Restricted Stock Units will be granted under Parent’s Omnibus Incentive Plan. The Restricted Stock Units will be issued on the Grant Date. For purposes of this 3.3, the determination of the number of Restricted Stock Units to be granted to Executive shall be consistent with the Award Methodology used for valuing restricted stock units granted to employees which has been approved and adopted by the Committee. The agreement granting the Restricted Stock Units will be in substantially the form of agreement approved by the Committee.

Appears in 2 contracts

Samples: Employment Agreement (Amec Foster Wheeler PLC), Employment Agreement (Foster Wheeler Ag)

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Restricted Stock Unit Grant. A grant of a number of restricted stock units which will be payable in shares of common stock of the Company (“Common Stock”) of Parent with an economic value as of the Grant Date equal to approximately USD $25,000 225,000 (the “Restricted Stock Units”). The Restricted Stock Units will be granted under Parentthe Company’s Omnibus Incentive Plan. The Restricted Stock Units will be issued on the Grant Date. For purposes of this 3.3Subsection 3.3.1, the determination of the number of Restricted Stock Units to be granted to Executive shall be consistent with the Award Methodology methodology used for valuing restricted stock units granted to employees which has been approved and adopted by the Committee. The agreement granting Compensation Committee of the Restricted Stock Units will be in substantially the form of agreement approved by the CommitteeBoard.

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler LTD)

Restricted Stock Unit Grant. A grant of a number of restricted stock units which that will be payable in shares of common stock of the Parent (“Common Stock”) of Parent with an economic value as of the Grant Date equal to approximately USD One Million Two Hundred Forty-Six Thousand Dollars ($25,000 1,246,000) (the “Restricted Stock Units”). The Restricted Stock Units will be granted under Parent’s Omnibus Incentive Plan. The Restricted Stock Units will be issued on the Grant Date. For purposes of this 3.3Subsection 3.3.1, the determination of the number of Restricted Stock Units to be granted to Executive shall be consistent with the Award Methodology methodology used for valuing restricted stock units granted to employees which that has been approved and adopted by the Committee. The agreement granting the Restricted Stock Units will be in substantially the form of agreement approved by the Committee.

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler Ag)

Restricted Stock Unit Grant. A grant of a number of restricted stock units which will be payable in shares of common stock of the Employer (“Common Stock”) of Parent with an economic value as of the Grant Date equal to approximately USD $25,000 Euro 2,972,000 (the “Restricted Stock Units”). The Restricted Stock Units will be granted under Parentthe Employer’s Omnibus Incentive Plan. The Restricted Stock Units will be issued on the Grant Date. For purposes of this 3.3Subsection 3.3.1, the determination of the number of Restricted Stock Units to be granted to Executive shall be consistent with the Award Methodology methodology used for valuing restricted stock units granted to employees which has been approved and adopted by the Committee. The agreement granting Compensation Committee of the Restricted Stock Units will be in substantially the form of agreement approved by the CommitteeBoard.

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler LTD)

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Restricted Stock Unit Grant. A grant of a number of restricted stock units which will be payable in shares of common stock of the Parent (“Common Stock”) of Parent with an economic value as of the Grant Date equal to approximately USD $25,000 275,000 (the “Restricted Stock Units”). The Restricted Stock Units will be granted under the Parent’s Omnibus Incentive Plan. The Restricted Stock Units will be issued on the Grant Date. For purposes of this 3.3Subsection 3.3.1, the determination of the number of Restricted Stock Units to be granted to Executive shall be consistent with the Award Methodology methodology used for valuing restricted stock units granted to employees which has been approved and adopted by the Committee. The agreement granting the Restricted Stock Units will be in substantially the form of agreement approved by the Committee.

Appears in 1 contract

Samples: Employment Agreement (Foster Wheeler Ag)

Restricted Stock Unit Grant. A grant of a number of restricted stock units which that will be payable in registered shares of common stock the Parent (“Common StockShares”) of Parent with an economic value as of (a) the First Grant Date equal to approximately USD Thirty-Two Thousand U.S. Dollars ($25,000 32,000), and (b) the Second Grant Date equal to Eighty-Eight Thousand U.S. Dollars ($88,000), each rounded as necessary to reflect the issuance of whole Shares (the “Restricted Stock Units”). The Restricted Stock Units will be granted under Parent’s Omnibus Incentive Plan. The Restricted Stock Units will be issued on the applicable Grant Date. For purposes of this 3.3subsection, the determination of the number of Restricted Stock Units to be granted to Executive shall be consistent with the Award Methodology methodology used for valuing restricted stock units granted to employees which that has been approved and adopted by the Committee. The agreement granting the Restricted Stock Units will be in substantially the form of agreement approved by the Committee.

Appears in 1 contract

Samples: Foster Wheeler Ag

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