Common use of Restricted Stock Units, Performance Share Units and Deferred Stock Units Clause in Contracts

Restricted Stock Units, Performance Share Units and Deferred Stock Units. (i) Restricted Stock Units Granted Prior to September 29, 2006. Each Tyco Restricted Stock Unit award granted prior to September 29, 2006 that is outstanding immediately prior to the Distribution Date shall be converted in the exact same fashion as Restricted Stock awards are converted pursuant to Section 6.2(a); provided, however, that awards classified for administrative purposes as “2004Un-07” or “2004UnUk-07,” shall be treated as if it were granted on or after September 29, 2006, as set forth in Section 6.2(b)(ii) below.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Tyco International LTD /Ber/), Separation and Distribution Agreement (Tyco Electronics Ltd.), Separation and Distribution Agreement (Covidien Ltd.)

AutoNDA by SimpleDocs

Restricted Stock Units, Performance Share Units and Deferred Stock Units. (i) Restricted Stock Units Granted Prior to September 29, 2006. Each Tyco Restricted Stock Unit award granted prior to September 29, 2006 that is outstanding immediately prior to the Distribution Date shall be converted in the exact same fashion and at the same time as Restricted Stock awards are converted pursuant to Section 6.2(a); provided, however, that awards classified for administrative purposes as “2004Un-07” or “2004UnUk-07,” shall be treated as if it were granted on or after September 29, 2006, as set forth in Section 6.2(b)(ii) below.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Tyco Electronics Ltd.), Separation and Distribution Agreement (Covidien Ltd.), Separation and Distribution Agreement (Tyco International LTD /Ber/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.