Forfeited RSUs definition

Forfeited RSUs has the meaning given to that term in clause 6.3(b)(ii).
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Forfeited RSUs means a number of Restricted Stock Units equal to the Backstop Shares. For the avoidance of doubt, the number of Forfeited RSUs shall be determined immediately following the consummation of the CPUH deSPAC Transaction after giving effect to the exchange of such Restricted Stock Units pursuant to the Business Combination Agreement based on the Intermediate Merger Exchange Ratio.
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Forfeited RSUs has the meaning given to that term in clause 6.3(b)(ii). “Forward Looking Information” means:
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Examples of Forfeited RSUs in a sentence

  • For the avoidance of doubt, following the Implementation Date no holder of Cancelled RSUs or Forfeited RSUs will be entitled to be issued any Shares in respect of its Cancelled RSUs or Forfeited RSUs (as applicable).

  • The Company’s obligation to deliver the Replacement RSUs to you is conditioned on your providing the Company with reasonably satisfactory evidence of the Forfeited RSUs and your forfeiture thereof.

  • The Trustee shall sell a sufficient number of Shares held in the Market Plan Trust Fund corresponding to Forfeited RSUs through an Exchange participating organization and the facilities of the Exchange and shall use the proceeds of such sale to pay Basic Administration Expenses of the Trustee under the Market Plan and to return amounts in respect of Company Contributions.

  • The forfeiture of the Forfeited RSUs shall take place automatically upon termination of the Recipient’s Business Relationship.

  • Nothing in this clause 6.3, whether express or implied, shall create any rights under subpart 1 of part 2 of the Contract and Commercial Law Act 2017 or any third party beneficiary or other rights in or for the benefit of any holder of Restricted Share Units, Cancelled RSUs or Forfeited RSUs.

  • The Trustee may also use Shares corresponding to Forfeited RSUs to satisfy any future awards of RSUs made pursuant to section 4.2. In no circumstances shall the Trustee transfer and deliver Shares (including any which correspond to Forfeited RSUs) to the Corporation.

  • In the event the Corporation’s Return on Invested Capital during fiscal 20● is less than ●% all Return on Invested Capital RSUs that were not previously forfeited shall become Forfeited RSUs on the Release Date.

  • Forfeited RSUs: Amundson - 60,277; Mowbray - 21,766; Newman – 25,115; Heck – 21,766; Perasalo – 21,766.On June 11, 2017, the second tranche of the Special RSUs from the June 11, 2015 grant were eligible to vest, but did not vest and did not payout.

  • For the avoidance of doubt, the Forfeited RSUs shall be applied to each vesting tranche of the RSU Award on a pro rata basis.

  • You and the Company hereby agree that the Forfeited RSUs shall be terminated and cancelled without consideration therefor, effective as of immediately following the consummation of the Business Combination.


More Definitions of Forfeited RSUs

Forfeited RSUs means a number of the Total RSUs equal to the Total RSUs less the Eligible RSUs.
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Forfeited RSUs means a number of Allurion RSU Awards held by Krishna Gupta, determined immediately following the consummation of the Business Combination and after giving effect to the exchange of such Allurion RSU Awards pursuant to the Business Combination Agreement based on the Intermediate Merger Exchange Ratio, equal in number to up to (a) 50,000 shares of New Allurion Common Stock (being one-sixth of the Hunter Closing Shares) plus (b) a number of shares of New Allurion Common Stock equal to one-third of the Additional Hunter Shares.
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Related to Forfeited RSUs

  • RSUs means restricted stock units.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • DSUs means the outstanding deferred share units issued under the DSU Plan.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Company RSU Award means an award of restricted stock units relating to shares of Company Common Stock granted under a Company Equity Incentive Plan (including any dividend equivalent units credited thereon).

  • Phantom Shares means an Award of the right to receive Shares issued at the end of a Restricted Period which is granted pursuant to Section 6(e) of the Plan.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • PSU means Public Sector Undertaking

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.