Examples of Buyer RSU in a sentence
Within five (5) Business Days following the Effective Time, Buyer shall mail (or caused to be mailed) to each holder of record of a Company RSU outstanding immediately prior to the Effective Time a statement or other evidence showing the terms of the Buyer RSU into which such Company RSU was converted as of the Effective Time pursuant to this Section 2.07(a).
Effective as of the Effective Time, each Company RSU that is held by a Continuing Employee and is outstanding as of immediately prior to the Effective Time shall be assumed by Buyer as a Buyer RSU.
Notwithstanding any provision herein to the contrary, the Parties acknowledge that the Buyer RSU Award Agreements will not be delivered at the Closing.
Rather, Buyer will ensure that each Continuing Employee will receive within fourteen (14) Business Days following the Closing a duly executed Buyer RSU Award Agreement from Buyer with such Buyer RSU Award Agreements representing, in aggregate, awards for an amount equal to USD$5,000,000 in shares of Buyer’s Guarantor’s Common Stock as set forth in or contemplated by such Buyer RSU Award Agreements.