Common use of Trustee Arrangement Clause in Contracts

Trustee Arrangement. Participant understands and agrees that the Award of Restricted Stock Units is offered subject to and in accordance with the terms of the Plan, Israeli Sub-plan (the “Sub-plan”), a copy of which is attached to the end of this Appendix, under the 102 Capital Gains Track (as defined in the Sub-plan), the Trust Agreement among the trustee appointed by the Company or its Israeli Subsidiary, and the Award Agreement, including this Appendix. Participant understands that the rights and the Restricted Stock Units granted under the Award Agreement are subject to the terms and provisions of Section 102(b)(2) of the Israel Tax Ordinance and its related rules and hereby accepts such rights and the Restricted Stock Units subject to such terms and provisions. Participant acknowledges that his or her holding, sale and transfer of Shares to be issued upon settlement, as well as any additional rights are therefore subject to various restrictions and limitations that are imposed by such section and its related rules, of which Participant is aware and with which he or she agrees to comply.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Rimini Street, Inc.), Restricted Stock Unit Agreement (Rimini Street, Inc.)

AutoNDA by SimpleDocs

Trustee Arrangement. Participant understands You understand and agrees agree that the Award grant of Restricted Stock Units is offered subject to and in accordance with the terms of the Plan, the Israeli Sub-plan Subplan to the Plan (the “Sub-planSubplan”), a copy of which is attached to the end of this AppendixAppendix B, under the 102 Capital Gains Track (as defined in the Sub-planSubplan), the Trust Agreement among the trustee appointed by the Company or its Israeli Subsidiary, and the Award Agreement, including this Appendix. Participant understands Appendix B. You understand that the rights and the Restricted Stock Units granted under the Award Agreement are subject to the terms and provisions of Section 102(b)(2) of the Israel Tax Ordinance and its related rules and hereby accepts accept such rights and the Restricted Stock Units subject to such terms and provisions. Participant acknowledges You acknowledge that his or her your holding, sale and transfer of Shares shares of Stock to be issued upon settlement, as well as any additional rights are therefore subject to various restrictions and limitations that are imposed by such section and its related rules, of which Participant is you are aware and with which he or she agrees you agree to comply.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Ciena Corp)

AutoNDA by SimpleDocs

Trustee Arrangement. Participant understands You understand and agrees agree that the Award grant of Restricted Stock Units is offered subject to and in accordance with the terms of the Plan, the Israeli Sub-plan Subplan to the Plan (the “Sub-planSubplan”), a copy of which is attached to the end of this AppendixAppendix A, under the 102 Capital Gains Track (as defined in the Sub-planSubplan), the Trust Agreement among the trustee appointed by the Company or its Israeli Subsidiary, and the Award Agreement, including this Appendix. Participant understands Appendix A. You understand that the rights and the Restricted Stock Units granted under the Award Agreement are subject to the terms and provisions of Section 102(b)(2) of the Israel Tax Ordinance and its related rules and hereby accepts accept such rights and the Restricted Stock Units subject to such terms and provisions. Participant acknowledges You acknowledge that his or her your holding, sale and transfer of Shares shares of Stock to be issued upon settlement, as well as any additional rights are therefore subject to various restrictions and limitations that are imposed by such section and its related rules, of which Participant is you are aware and with which he or she agrees you agree to comply.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Ciena Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.