Restricted Stock Units Awarded. (a) The Company hereby awards to the Participant, in the aggregate, AMOUNT Restricted Stock Units which shall be subject to the conditions set forth in the Plan and this Agreement.
(b) Restricted Stock Units shall be evidenced by an account established and maintained for the Participant, which shall be credited for the number of Restricted Stock Units granted to the Participant. By accepting this Award, the Participant acknowledges that the Company does not have an adequate remedy in damages for the breach by the Participant of the conditions and covenants set forth in this Agreement and agrees that the Company is entitled to and may obtain an order or a decree of specific performance against the Participant issued by any court having jurisdiction.
(c) Except as provided in the Plan or this Agreement, prior to vesting as provided in Sections 3 of this Agreement, the Restricted Stock Units will be forfeited by the Participant and all of the Participant’s rights to stock underlying the Award shall immediately terminate without any payment or consideration by the Company, in the event of a Participant’s termination of employment as provided in Section 4 below.
Restricted Stock Units Awarded. (a) The Company hereby awards to the Grantee, in the aggregate, restricted Common Stock units (“Restricted Stock Units”), which shall be subject to the terms of the Plan and this Agreement.
(b) The Restricted Stock Units shall be credited to a separate account maintained for the Grantee on the books of the Company (the “Account”). On any given date, the value of each Restricted Stock Unit comprising the Award shall equal the Fair Market Value of one share of Common Stock. The Award shall vest and settle in accordance with Section 3 hereof.
Restricted Stock Units Awarded. Grantee is hereby awarded the number of restricted stock units (the “Restricted Stock Units”) first set forth above, subject to the other terms and conditions of this Agreement and the Plan. Each unit represents one share of the Company’s Stock.
Restricted Stock Units Awarded. (a) Effective , 20 , the Company hereby awards to the Grantee, in the aggregate, «Shares» Restricted Stock Units.
(b) The Company shall in accordance with the Plan establish and maintain a Restricted Stock Unit Account for the Grantee, and such account shall be credited for the number of Restricted Stock Units granted to the Grantee. The Restricted Stock Unit Account shall be credited for any securities or other property (including regular cash dividends) distributed to the Company in respect of its Shares. Any such property shall be subject to the same vesting schedule as the Restricted Stock Units to which they relate.
(c) Until the Restricted Stock Units awarded to the Grantee shall have vested, the Restricted Stock Units and any related securities, cash dividends or other property nominally credited to a Restricted Stock Unit Account shall not be sold, transferred, or otherwise disposed of and shall not be pledged or otherwise hypothecated.
Restricted Stock Units Awarded x,xxx This Restricted Stock Unit Award Agreement (this “Agreement”) is dated as of this XXXX day of XXXXX XX, XXXX (the “Grant Date”), and is between ArcBest Corporation (the “Company”) and XXXXXXXXXXX (“Participant”).
Restricted Stock Units Awarded. Pursuant to Section 8 of the Plan, the Company hereby issues to the Grantee on the Grant Date an award consisting of, in the aggregate, Restricted Stock Units (the “Total RSUs”). Each Restricted Stock Unit (each, an “RSU” and, collectively, the “RSUs”) represents the right to receive one share of the Company’s common stock, $0.05 par value (the “Common Stock”), subject to the terms and conditions of the Agreement and the Plan.
Restricted Stock Units Awarded. (a) The Company hereby awards to the Participant, in the aggregate, 40,000 restricted Common Share units (“Restricted Stock Units”), which shall be subject to the terms of the Plan and this Agreement.
(b) The Restricted Stock Units shall be credited to a separate account maintained for the Participant on the books of the Company (the “Account”). The Award shall vest and settle in accordance with Section 3 hereof.
Restricted Stock Units Awarded. Pursuant to Section 8 of the Plan, the Company hereby issues to the Grantee on the Grant Date an award consisting of, in the aggregate, [AMOUNT] Restricted Stock Units (the “Restricted Stock Units”). Thirty-percent (30%) of the Restricted Stock Units (i.e., [30% OF AMOUNT]) shall be earned based on the Company’s achievement of certain net sales goal as set forth Section 3 (the “Net Sales RSUs”), and seventy-percent (70%) of the Restricted Stock Units (i.e., [70% OF AMOUNT]) shall be earned based on the Company’s achievement of certain operating income goals as set forth in Section 3 (the “Operating Income RSUs”). Each Restricted Stock Unit represents the right to receive one share of the Company’s common stock, $0.05 par value (the “Common Stock”), subject to the terms and conditions of the Agreement and the Plan. The actual number of shares of Common Stock which will vest on each Vesting Date (as defined below) may be less than number of shares set forth in this Section 1, or even zero, and will be based on the actual performance level achieved by the Company with respect to the performance goals, as set forth in Section 3 and the Grantee’s continued employment by the Company or an Affiliate through the applicable Vesting Date.
Restricted Stock Units Awarded. (a) Pursuant to Section 8 of the Plan, the Company hereby issues to the Grantee on the Grant Date an award consisting of, in the aggregate, Restricted Stock Units (the “Restricted Stock Units”) as follows:
(i) twenty-five percent (25%) of the Restricted Stock Units (i.e., ) (the “Time-Based RSUs”) shall vest based on continued employment with the Company as provided in Section 4(a),
(ii) seventy-five percent (75%) of the Restricted Stock Units (i.e., ) (the “Performance RSUs”) shall be earned based on the Company’s achievement of the performance goals set forth in Section 3 (the “Performance Goals”) and shall vest as provided in Section 4(b).
(b) Each Restricted Stock Unit represents the right to receive one share of the Company’s common stock, $0.05 par value (the “Common Stock”), subject to the terms and conditions of this Agreement and the Plan. The actual number of shares of Common Stock which will vest on the applicable Vesting Date (as defined below) may be less than number of shares set forth in this Section 1, and vesting of the Performance RSUs will be based on the Company actually achieving the performance goals set forth in Section 3, and, except as provided in Section 4 hereof, the Grantee’s continued employment by the Company or an Affiliate through the applicable Vesting Date.
Restricted Stock Units Awarded. The Company hereby awards to the Employee on the Grant Date an Award consisting of, in the aggregate, [___________] Restricted Stock Units (“Restricted Stock Units”). Each Restricted Stock Unit represents the right to receive one share of Common Stock, subject to the terms and conditions set forth in this Agreement and the Plan.
