Common use of RSU Accounts Clause in Contracts

RSU Accounts. The Company shall establish an account on its books for each grantee who receives a grant of RSUs (the “RSU Account”). The RSUs granted hereby shall be credited to the Grantee’s RSU Account as of the Grant Date. The RSU Account shall be maintained for record keeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to the RSU Account. The obligation to make distributions of securities or other amounts credited to the RSU Account shall be an unfunded, unsecured obligation of the Company.

Appears in 9 contracts

Samples: Based Restricted Stock Unit Agreement (Career Education Corp), Restricted Stock Unit Agreement (Career Education Corp), Restricted Stock Unit Agreement (Career Education Corp)

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RSU Accounts. The Company shall establish an account on its books for each grantee who receives a grant of RSUs (the “RSU Account”). The RSUs granted hereby shall be credited to the Grantee’s RSU Account as of the Grant Date. The RSU Account shall be maintained for record keeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to the RSU Account. The obligation to make distributions of securities or other amounts credited to the RSU Account shall be an unfunded, unsecured obligation of the Company.

Appears in 8 contracts

Samples: Settled Restricted Stock Unit Agreement (Career Education Corp), Settled Restricted Stock Unit Agreement (Career Education Corp), Settled Restricted Stock Unit Agreement (Career Education Corp)

RSU Accounts. The Company shall establish an account on its books for each grantee Participant who receives a grant of RSUs (the “RSU Account”). The RSUs granted hereby shall be credited to the GranteeParticipant’s RSU Account as of the Grant Date. The RSU Account shall be maintained for record keeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to the RSU Account. The obligation to make distributions of securities or other amounts credited to the RSU Account shall be an unfunded, unsecured obligation of the Company.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (PERDOCEO EDUCATION Corp), Restricted Stock Unit Agreement (PERDOCEO EDUCATION Corp), Restricted Stock Unit Agreement (Career Education Corp)

RSU Accounts. The Company shall establish an account on its books for each grantee Participant who receives a grant of RSUs (the “RSU Account”). The RSUs granted hereby shall be credited to the Grantee’s RSU Account as of the Grant Date. The RSU Account shall be maintained for record keeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to the RSU Account. The obligation to make distributions of securities or other amounts credited to the RSU Account shall be an unfunded, unsecured obligation of the Company.

Appears in 2 contracts

Samples: Settled Restricted Stock Unit Agreement (Career Education Corp), Settled Restricted Stock Unit Agreement (Career Education Corp)

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RSU Accounts. The Company shall establish an account on its books for each grantee Participant who receives a grant of RSUs (the “RSU Account”). The RSUs granted hereby shall be credited to the GranteeParticipant’s RSU Account as of the Grant Date. The RSU Account shall be maintained for record keeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to the RSU Account. The obligation to make distributions of securities or other amounts credited to the RSU Account shall be an unfunded, unsecured obligation of the Company.RSU

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (PERDOCEO EDUCATION Corp)

RSU Accounts. The Company shall establish an account on its books for each grantee who receives a grant of RSUs (the “RSU Account”). The RSUs granted hereby shall be credited to the Grantee’s RSU Account as of the Grant Date. The RSU Account shall be maintained for record keeping purposes only and the Company shall not be obligated to segregate or set aside assets representing securities or other amounts credited to the RSU Account. The obligation to make distributions of securities or other amounts credited to the RSU Account shall be an unfunded, unsecured obligation of the Company.. Restricted Stock Unit Agreement (Performance-Based)

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Career Education Corp)

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