Common use of Treatment of Restricted Stock Units Clause in Contracts

Treatment of Restricted Stock Units. At the Effective Time, each restricted stock unit award in respect of Shares granted under a Company Equity Award Plan that is outstanding immediately prior to the Effective Time (a “Company RSU”) shall fully vest and shall be cancelled and converted automatically into the right to receive, as soon as reasonably practicable (but no later than five (5) Business Days) after the Effective Time, from or on behalf of the Surviving Corporation, an amount in cash, without interest, equal to the Per Share Merger Consideration in respect of each Share underlying such Company RSU.

Treatment of Restricted Stock Units. At the Effective Time, each restricted stock unit award in respect of Company Shares granted under a Company Equity Award Plan that is outstanding immediately prior to the Effective Time (a “Company RSU”) shall fully vest and shall be cancelled and converted automatically into the right to receive, as soon as reasonably practicable (but no later than five (5) Business Days) after receive the Effective Time, from or on behalf of the Surviving Corporation, an amount in cash, without interest, equal to the Per Share Merger Equity Award Consideration in respect of each Company Share underlying such Company RSU.

Treatment of Restricted Stock Units. At the Effective Time, each restricted stock unit award in respect of Shares granted under a Company Equity Award Plan that is outstanding immediately prior to the Effective Time (a “Company RSU”) shall fully vest and shall be cancelled and converted automatically into the right to receive, as soon as reasonably practicable (but no later than five (5) Business Daysthe next regularly scheduled payroll date) after the Effective Time, from or on behalf of the Surviving Corporation, an amount in cash, without interest, equal to the Per Share Merger Consideration in respect of each Share underlying such Company RSU.

Treatment of Restricted Stock Units. At the Effective Time, each outstanding award of Company restricted stock unit award in respect of Shares granted under a Company Equity Award Plan that is outstanding immediately prior to the Effective Time units (a “Company RSURSUs”) shall become fully vest vested and shall shall, automatically and without any required action on the part of the holder thereof or the Company, be cancelled and converted automatically into the right to receive, as soon as reasonably practicable receive (but no later than five (5without interest) Business Days) after the Effective Time, from or on behalf of the Surviving Corporation, an amount in cash, without interest, cash equal to (x) the Per Share Merger Consideration in respect total number of each Share Shares underlying such award of Company RSURSUs, multiplied by (y) the Merger Consideration.