Common use of Stock Unit Award Clause in Contracts

Stock Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of “Stock Units.” The Stock Units are notional units of measurement denominated in Shares of Disney (i.e. one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney. This Award is subdivided into “Tranche A” and “Tranche B,” each of which constitute one half of the Award. Subject to the terms, conditions and performance-based vesting requirements set forth herein, Tranche A of this Award will vest on the second anniversary date of the Date of Grant and Tranche B on the fourth anniversary of the Date of Grant.

Stock Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of “Stock Units.” The Stock Units are notional units of measurement denominated in Shares of Disney (i.e. one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney. This Award is subdivided into “Tranche A” and “Tranche B,” each of which constitute one half of the Award. Subject to the terms, conditions and performance-based vesting requirements set forth herein, Tranche A of this Award will vest on the second or fourth anniversary date of the Date of Grant and Tranche B on the fourth anniversary of the Date of Grant.

Stock Unit Award. Disney hereby grants to the Participant, on the terms and conditions set forth herein, an Award of ___ “Stock Units.” The Stock Units are notional units of measurement denominated in Shares of Disney (i.e. one Stock Unit is equivalent in value to one Share, subject to the terms hereof). The Stock Units represent an unfunded, unsecured obligation of Disney. This Award is subdivided into “Tranche A” and “Tranche B,” each of which constitute one half of the Award. Subject to the terms, conditions and performance-based vesting requirements set forth herein, Tranche A of this Award will vest on the second anniversary date of the Date of Grant and Tranche B on the fourth anniversary of the Date of Grant.