Common use of TERMS AND CONDITIONS RESTRICTED STOCK UNIT AGREEMENT Clause in Contracts

TERMS AND CONDITIONS RESTRICTED STOCK UNIT AGREEMENT. (c) Upon each issuance or transfer of shares of Stock in accordance with this Unit Agreement, a number of Restricted Stock Units equal to the number of shares of Stock issued or transferred to the Grantee shall be extinguished and such number of Restricted Stock Units will not be considered to be held by the Grantee for any purpose.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc), Restricted Stock Unit Agreement (Suntrust Banks Inc)

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