Common use of Rights with Respect to the Performance Stock Units Clause in Contracts

Rights with Respect to the Performance Stock Units. The Performance Stock Units granted hereunder do not and shall not give you any of the rights and privileges of a shareholder of Common Stock. Your rights with respect to the Performance Stock Units shall remain forfeitable at all times prior to the date or dates on which such rights become vested, and the restrictions with respect to the Performance Stock Units lapse, in accordance with Section 3, 4 or 5 hereof. Your right to receive cash payments with respect to the Performance Stock Units is more particularly described in Section 8 hereof.

Appears in 2 contracts

Samples: Stock Units Award Agreement (Darden Restaurants Inc), Stock Units Award Agreement (Darden Restaurants Inc)

AutoNDA by SimpleDocs

Rights with Respect to the Performance Stock Units. The Performance Stock Units granted hereunder pursuant to the attached Agreement do not and shall not give you any of the rights and privileges of a shareholder holder of Common Stock. Your rights with respect to the Performance Stock Units shall remain forfeitable at all times prior to the date or dates on which such rights become vested, earned and vested and the restrictions with respect to the Performance Stock Units lapse, thereto lapse in accordance with Section 3, 3 or Section 4 or 5 hereof. Your right to receive cash payments with respect to the Performance Stock Units is more particularly described in Section 8 hereof.

Appears in 2 contracts

Samples: Supervalu Inc, Supervalu Inc

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