Examples of New RSUs in a sentence
See Section 2 of this Offer to Exchange entitled “Eligible Options; Number of New RSUs; Expiration Date” for more information.
From and after the Amendment Time this Amended Plan of Arrangement shall take precedence and priority over any and all New Subordinate Shares, New Multiple Shares, Floating Shares, Company Options, New Options, Floating Options, Company RSUs, New RSUs, Floating RSUs, Company Compensation Options, New Compensation Options and Floating Compensation Options issued or outstanding at or following the Amendment Time.
New RSUs will be granted in exchange for your surrendered eligible options on the grant date, which will be the same U.S. business day as the expiration date.
See Section 6 of this Offer to Exchange entitled “Acceptance of Options for Exchange; Grant of New RSUs; Cash Payments” for more information.
New RSUs granted in the option exchange will not be vested on their date of grant regardless of whether the exchanged option was fully vested.
Unless we amend or terminate the Exchange Offer in accordance with its terms, we will grant you New RSUs for your Eligible Options as to which you properly made a valid election (and did not validly revoke that election), effective as of the first business day following the Expiration Time (such date, the “New RSU Grant Date”), which is currently expected to be Monday, November 12, 2018).
Vesting of your New RSUs will cease upon termination of your service with Regulus.
Our obligation under the Exchange Offer to accept tendered Eligible Options for exchange and to grant New RSUs with the New RSU Terms would be subject to achieving such compliance or obtaining any such governmental approval or other action.
On the Closing Date, tendered Eligible Options will be cancelled in exchange for the grant on the Closing Date of New RSUs.Promptly after we grant the New RSUs, we will send each tendering Eligible Participant a confirmation email with respect to the Eligible Options that we have accepted for exchange.
Prior to settlement in shares, dividend equivalents (if any) that accrue in relation to New RSUs will be taxable to you upon distribution as compensation and accordingly, you will recognize ordinary income (not dividend income) in such amount.