Common use of RSU Grant Clause in Contracts

RSU Grant. Effective as of the Effective Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Thousand (30,000) restricted stock units (the “Restricted Stock Unit Grant”), with each unit representing the right to receive one share of the Company’s common stock, said restricted stock units to vest in equal twenty-five percent (25%) increments on each of the first four (4) anniversaries of the Effective Date, as long as Executive is employed by the Company on each such vesting date.

Appears in 2 contracts

Samples: Executive Employment Agreement (Avid Technology, Inc.), Executive Employment Agreement (Avid Technology, Inc.)

AutoNDA by SimpleDocs

RSU Grant. Effective as of On the Effective Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Five Thousand (30,00035,000) restricted stock units (the “Restricted Stock Unit Grant”), with each unit representing the right to receive one share of the Company’s common stock, said restricted stock units to vest on a time-based schedule in equal twenty-five percent (25%) 6.25% increments every three months ending on each of the first four (4) anniversaries fourth anniversary of the Effective Date, as long as Executive is employed by the Company on each such vesting date.

Appears in 2 contracts

Samples: Executive Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology, Inc.)

RSU Grant. Effective as of the Effective Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Five Thousand (30,0005,000) restricted stock units (the “Restricted Stock Unit Grant”), with each unit representing the right to receive one share of the Company’s common stock, said restricted stock units to vest in equal twenty-five percent (25%) increments on each of the first four (4) anniversaries of the Effective Date, as long as Executive is employed by the Company on each such vesting date.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

RSU Grant. Effective as of the Effective Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Twenty Thousand (30,00020,000) restricted stock units (the “Restricted Stock Unit Grant”), with each unit representing the right to receive one share of the Company’s common stock, said restricted stock units to vest in equal twenty-five percent (25%) % increments on each of the first four (4) anniversaries of the Effective Date, as long as Executive is employed by the Company on each such vesting date.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

RSU Grant. Effective as of the Effective Grant Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Fifty Thousand (30,00050,000) restricted stock units (the “Restricted Stock Unit Grant”), with each unit representing the right to receive one share of the Company’s common stock, said restricted stock units to vest on a time-based schedule in equal twenty-five percent (25%) 6.25% increments every three months ending on each the fourth anniversary of the first four (4) anniversaries of the Effective Grant Date, as long as Executive is employed by the Company on each such vesting date.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

RSU Grant. Effective as of the Effective Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Thousand _____________________________ (30,000________) restricted stock units (the “Restricted Stock Unit Grant”), with each unit representing the right to receive one share of the Company’s common stock, said restricted stock units to vest in equal twenty-five percent (25%) increments on each of the first four (4) anniversaries of the Effective Date, as long as Executive is employed by the Company on each such vesting date.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

AutoNDA by SimpleDocs

RSU Grant. Effective as of the Effective Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Five Thousand (30,0005,000) restricted stock units (the "Restricted Stock Unit Grant"), with each unit representing the right to receive one share of the Company’s 's common stock, said restricted stock units to vest in equal twenty-five percent (25%) increments on each of the first four (4) anniversaries of the Effective Date, as long as Executive is employed by the Company on each such vesting date.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

RSU Grant. Effective as of the Effective Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Ten Thousand (30,00010,000) restricted stock units (the “Restricted Stock Unit Grant”), with each unit representing the right to receive one share of the Company’s common stock, said restricted stock units to vest in equal twenty-five percent (25%) % increments on each of the first four (4) anniversaries of the Effective Date, as long as Executive is employed by the Company on each such vesting date.

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

RSU Grant. Effective as of the Effective Grant Date, pursuant to a restricted stock unit agreement, Executive will be granted Thirty Fifty Thousand (30,00050,000) restricted stock units (the “Restricted Stock Unit Grant”), with each unit representing the right to receive one share of the Company’s common stock, said restricted stock units to vest on a time-based schedule in equal twenty-five percent (25%) increments on each of the first four (4) anniversaries of the Effective Date, as long as Executive is employed by the Company on each such vesting date.equal

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!