Common use of Treatment of Company RSUs Clause in Contracts

Treatment of Company RSUs. At the Effective Time, each outstanding restricted stock unit (a “Company RSU”) under the Stock Plans, shall, automatically and without any action on the part of the holder thereof, be cancelled and shall only entitle the holder of such Company RSU to receive a fully vested amount in cash equal to the product of (i) the number of Shares subject to such Company RSU immediately prior to the Effective Time multiplied by (ii) the Merger Consideration (plus any accrued dividend equivalents, to the extent provided under the applicable award agreement), to be paid at the time, with interest, in each case as specified in the applicable Company RSU award agreement.

Treatment of Company RSUs. At the Effective Time, each outstanding award of Company restricted stock unit units that is outstanding as of the Effective Time and at such time is subject solely to time-based vesting conditions (each, a “Company RSU” and collectively, “Company RSUs”) under the Stock Plans, shall become fully vested and shall, automatically and without any required action on the part of the holder thereofthereof or the Company, be cancelled and shall only entitle converted into the holder of such Company RSU right to receive a fully vested (without interest) an amount in cash (subject to any withholding of Taxes required by applicable Law) equal to the product of (ix) the total number of Shares subject to underlying such award of Company RSU immediately prior to the Effective Time RSUs, multiplied by (iiy) the Merger Consideration (plus any accrued dividend equivalents, to the extent provided under the applicable award agreement), to be paid at the time, with interest, in each case as specified in the applicable Company RSU award agreementConsideration.