Common use of Settlement of Restricted Stock Units Clause in Contracts

Settlement of Restricted Stock Units. Restricted Stock Units shall be settled in Shares, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Martha Stewart Living Omnimedia Inc), Restricted Stock Unit Agreement (Martha Stewart Living Omnimedia Inc), Employment Agreement (Martha Stewart Living Omnimedia Inc)

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Settlement of Restricted Stock Units. Restricted Stock Units shall be automatically settled in Sharesshares of Company common stock upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares shares pursuant to this Agreement unless and until Executive has satisfied any applicable tax and/or other obligations pursuant to Section 5 below and such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Companyincluding applicable securities laws.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (EnergyConnect Group Inc), Restricted Stock Unit Agreement (EnergyConnect Group Inc)

Settlement of Restricted Stock Units. Restricted Stock Units shall be settled in Shares, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless you have satisfied any applicable tax obligations pursuant to Section 5 below and until such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement for Directors (Martha Stewart Living Omnimedia Inc), Restricted Stock Unit Agreement (Martha Stewart Living Omnimedia Inc)

Settlement of Restricted Stock Units. Restricted Stock Units shall be settled in Shares, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable tax obligations pursuant to Section 5 below and such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Martha Stewart Living Omnimedia Inc), Restricted Stock Unit Agreement (Martha Stewart Living Omnimedia Inc)

Settlement of Restricted Stock Units. Restricted Stock Units shall be settled in Shares, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 6.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement

Settlement of Restricted Stock Units. Restricted Stock Units shall be settled in Shares, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable tax obligations pursuant to Section 5 below and such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 28.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement

Settlement of Restricted Stock Units. Restricted Stock Units shall be automatically settled in SharesShares upon vesting of such Restricted Stock Units, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until you have satisfied any applicable tax withholding obligations pursuant to Section 5 below and such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settledsettled upon vesting, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company.

Appears in 1 contract

Samples: Stock Unit Agreement (Foundry Networks Inc)

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Settlement of Restricted Stock Units. Restricted Stock Units shall be settled in Shares, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 5.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement

Settlement of Restricted Stock Units. Restricted Stock Units shall be settled in Shares, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 27.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement

Settlement of Restricted Stock Units. Restricted Stock Units shall be settled in Shares, provided that the Company shall have no obligation to issue Shares pursuant to this Agreement unless and until such issuance otherwise complies with all applicable law. Prior to the time the Restricted Stock Units are settled, you will have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company. 50.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement

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