Share Units. An award of share units gives the participant the right to receive payment at the end of a vesting period based on the value of the Common Share at the time of vesting. Share units are subject to vesting requirements, restrictions and conditions to payment as the Compensation Committee determines are appropriate. Such vesting requirements may be based on the continued employment of the participant for a specified time period or on the attainment of specified business performance goals established by the Committee. Share unit awards are payable 122 in cash or in Common Shares or in a combination of both. Share units may also be granted together with related dividend equivalent rights.
Share Units. Subject to the terms and conditions set forth herein,
(a) As of April 1, 2002, the Company shall establish and maintain bookkeeping accounts for the Key Employee relating to the Grant under the Deferral Plan consisting of a "Cash Account" and a "Share Account."
(b) As of April 1, 2002, there shall be credited to the Share Account a number of Share Units (as defined in the Deferral Plan) equal to the product of the Grant Number multiplied by the Share Deferral Percentage. From and after the time of such credit, the Key Employee shall have the rights afforded under the Deferral Plan in respect of Share Units so credited, except that such Share Units shall be subject to vesting and forfeiture as set forth below.
Share Units. A "Share Unit" means an obligation (subject to the restrictions and limitations provided in this Agreement) accrued on the books of the Company in an amount equal to and measured by the value of one share of common stock of the Company, par value $.01 per share ("Stock"). A Share Unit shall not have any characteristics or legal rights associated with shares of Stock or other equity interests in the Company, and the Executive shall not be entitled to any voting rights or to receive any dividends, provided, however, the Executive will accrue rights to Dividend Units as provided under Section 2(b) of this Agreement. (b)
Share Units. Subject to the terms and conditions set forth herein,
(a) As of March 14, 2003, the Company shall establish and maintain bookkeeping accounts for the Key Employee relating to the Grant under the Deferral Plan consisting of a "Cash Account" and a "Share Account."
(b) As of March 14, 2003, there shall be credited to the Share Account a number of Share Units (as defined in the Deferral Plan) equal to the product of the Grant Number multiplied by the Share Deferral
Share Units. Provided that Shares have been offered for sale to the public in compliance with the Securities Act on or prior to December 31, 1995, the Company shall establish a Share Unit Account for the Executive, and shall credit thereto a number of share units equal to $1,500,000 divided by the initial offering price of one share of Class A Common Stock as established at the Offering Date, rounded to the next lower whole unit. Thereafter, as of each July 1 during the Term of Employment, the Company shall credit to such Share Unit Account a number of share units equal to (x) $1,500,000 divided by (y) the average closing price of the Class A Common Stock on the New York Stock Exchange or any other national securities exchange or other market system as reported by the Wall Street Journal for the twenty (20) trading days next preceding such July 1 (the "Average Share Price"), rounded to the next lower whole unit. The number of share units credited as of any July 1 shall not exceed 100,000. In the event that, as of any July 1, the Average Share Price times 100,000 shall be less than $1,500,000, the amount of such deficiency shall be credited as a cash addition to a bookkeeping account in the name of the Executive, and shall be credited with interest and paid to the Executive in accordance with Section 3(c) of the Employment Agreement. Additionally, as of each date during the Term of Employment (and continuing thereafter until full payment of share units shall be made) that the Company shall declare a dividend to holders of record of the Class A Common Stock (a "Record Date"), the Company shall credit to such Share Unit Account a number of share units equal to (x) the aggregate dividend payable on a number of shares equal to the number of share units credited to the Share Unit Account as of such Record Date, divided by (y) the average closing price of the Class A Common Stock on the New York Stock Exchange or any other national securities exchange or other market system as reported by The Wall Street Journal for the twenty (20) trading days next preceding such Record Date, rounded to the next lower whole unit. Share units credited to the Share Unit Account during any Contract Year hereunder shall be non-forfeitable as long as the Executive shall remain in the employ of the Company during the entirety of such Contract Year. In the event that the employment of Executive shall terminate during any Contract Year hereunder (other than a termination due to disability or death, ...
Share Units. Further, neither the Ministry of Economy nor the Dubai Department of Economic Development has approved this statement nor taken steps to verify the information set out in it, and has no responsibility for it. Residents of the United Arab Emirates who have any questions regarding the contents of the Plan and the Agreement should obtain independent professional advice. UNITED KINGDOM Terms and Conditions Responsibility for Taxes. This provision supplements Section 6 of the RSU Agreement (Responsibility for Taxes): Without limitation to Section 6 of the RSU Agreement, the Grantee agrees that he or she is liable for all Tax-Related Items and hereby covenants to pay all such Tax-Related Items, as and when requested by the Company or the Service Recipient or by His Majesty’s Revenue & Customs (“HMRC”) (or any other tax authority or any other relevant authority). The Grantee also agrees to indemnify and keep indemnified the Company and the Service Recipient, as applicable, against any Tax-Related Items that they are required to pay or withhold or have paid or will pay to HMRC (or any other tax authority or any other relevant authority) on the Grantee’s behalf. Notwithstanding the foregoing, if the Grantee is a director or executive officer of the Company (within the meaning of Section 13(k) of the Exchange Act), the Grantee understands that he or she may not be able to indemnify the Company for the amount of any Tax-Related Items not collected from or paid by the Grantee, if the indemnification could be considered to be a loan. In this case, the Tax-Related Items not collected or paid may constitute a benefit to the Grantee on which additional income tax and National Insurance Contributions (“NICs”) may be payable. The Grantee understands that he or she will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for paying to the Company and/or the Service Recipient (as appropriate) the amount of any NICs due on this additional benefit, which may also be recovered from the Grantee by any of the means referred to in Section 6 of the RSU Agreement.
Share Units. This award will be registered in the name of the Participant on the Corporation's books as of the Award Date until the Share Units are vested (i.e., the restrictions lapse). As such time as the Share Units vest, if ever, the Share Units will be converted into shares of common stock of the Corporation (the "Shares") on a one-for-one basis. Until the Share Units vest, the Participant will not be entitled to any rights of a shareholder.
Share Units. At or prior to the Effective Time, the Company shall make all necessary arrangements to cause any Company Share units under the Company's Compensation and Benefit Plans to be converted into share units with respect to Parent Common Stock by multiplying the Company Shares subject to such Company Share units by the Exchange Ratio.
Share Units. The grant of the Share Units to Grantee entitles Grantee or an Exercising Party, as the case may be, to receive cash payments from the Company in amounts and on the terms and conditions hereinafter set forth.
Share Units. 15
(a) Share Unit Award Agreement 15 (b) Payment for Awards 15 (c) Vesting Conditions 15 I-MAB 2024 OMNIBUS INCENTIVE PLAN