Examples of Matching Restricted Stock Units in a sentence
The Company will establish a bookkeeping account to reflect the number of Matching Restricted Stock Units standing to your credit from time to time.
The seminary also benefits from early endowment funds established prior to the relocation of the sem- inary to Memphis, Tennessee, in 1964.
Any such additional Matching Restricted Stock Units shall have the same vesting dates and vest in accordance with the same terms as the Matching Restricted Stock Units granted under this Award Agreement.
The bookkeeping account maintained for your Award shall, until the vesting date or termination and cancellation or forfeiture of the Matching Restricted Stock Units pursuant to the terms of this Award Agreement, be allocated additional Matching Restricted Stock Units on the payment date of dividends on the Company’s Common Shares.
Such dividends will be converted into additional Common Shares covered by the Matching Restricted Stock Units by dividing (i) the aggregate amount or value of the dividends paid with respect to that number of Common Shares equal to the number of shares covered by the Matching Restricted Stock Units by (ii) the Market Price per Common Share on the payment date for such dividend.
Participant may be subject to withholding taxes as a result of the exercise of an Option, or other payment in respect of an Option, or settlement of Stock Units and/or Matching Restricted Stock Units.
For each Matching Restricted Stock Unit, the Participant will receive one Share on the second anniversary of the Payment Date (“Matching Restricted Stock Unit Settlement Date”); provided, however, that if the Participant’s employment is terminated prior to the Matching Restricted Stock Settlement Date, the Participant’s Matching Restricted Stock Units will be forfeited in their entirety unless otherwise provided in the Participant’s employment or other written agreement with the Company.
In the event that (i) your employment is terminated (x) by the Company for any reason other than on account of Cause or (y) by you for Good Reason, in either case within twelve (12) months following a Change of Control or (ii) your employment is terminated by the Company due to your death, then the Matching Restricted Stock Units will immediately vest and be settled in shares as soon as practicable (but not more than sixty (60) days) thereafter.
Purchased Shares and Matching Restricted Stock Units shall be settled as provided in Sections 6(c), 6(d), and 8(c) of the Program.
For this purpose, the Participant may direct that Purchased Shares, including Stock Units, and Matching Restricted Stock Units shall be deemed to be tendered in payment of the exercise price.