Common use of RSUs Clause in Contracts

RSUs. Each RSU shall have a value equal to the Fair Market Value of a share of Stock on the date each such RSU becomes vested and nonforfeitable. Unless and until an RSU will have vested in the manner set forth in Sections 4 and 5 below, the Employee will have no right to payment in respect of any such RSU. Prior to actual payment of any vested RSU, such RSU will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.