Number of Restricted Stock Units definition

Number of Restricted Stock Units means the aggregate number of Restricted Stock Units credited to your Account as of the applicable dividend record date; and

Number of Restricted Stock Units. [________]

Number of Restricted Stock Units means the aggregate number of Restricted Stock Units held by the Director as of that record date; and

Examples of Number of Restricted Stock Units in a sentence

• On the Grant Date, the Participant shall acquire, subject to the provisions of this Agreement, the Number of Restricted Stock Units set forth in the Grant Notice, subject to adjustment as provided in Section 9.

• The vesting of the Total Number of Restricted Stock Units shall begin as of the Vesting Commencement Date and the Restricted Stock Units will vest pro rata over the Vesting Period, in equal regular installments on the Vesting Installment Frequency, until all Restricted Stock Units shall have vested as of the end of the Vesting Period.

• If not indicated, then the all of the Total Number of Restricted Stock Units shall be vested as of the Grant Date.

• The Company hereby grants to the Participant, subject to the provisions of this Agreement, the Total Number of Restricted Stock Units set forth in the Grant Notice, subject to adjustment as provided in Section 4.3 and Section 10.

• Xxxxxxx Xxxxx Financial, Inc., a Florida corporation (the “Company”), hereby issues to the Grantee (the “Grantee”) named in the Notice of Restricted Stock Unit Award (the “Notice”) an award (the “Award”) of the Total Number of Restricted Stock Units Awarded set forth in the Notice (the “Units”), subject to the Notice, this Restricted Stock Unit Agreement (the “Agreement”) and the terms and provisions of the Xxxxxxx Xxxxx Financial, Inc.

More Definitions of Number of Restricted Stock Units

Number of Restricted Stock Units. RSU_Shares Vesting Commencement Date: May 1, 200[__] Vesting of Restricted Stock Units: The Restricted Stock Units will vest according to the following schedule: Subject to any accelerated vesting provisions in the Plan, the Restricted Stock Units will vest as follows: Sixty percent (60%) of the Restricted Stock Units will vest on the third anniversary of the Vesting Commencement Date and twenty percent (20%) of the Restricted Stock Units will vest on each anniversary of the Vesting Commencement Date thereafter, subject to Participant continuing to be an Employee through such dates, and satisfying the Full-Time Employment Requirement for an Eligible Vesting Year. Restricted Stock Units will not vest during any Eligible Vesting Year if for six months or more during such Eligible Vesting Year (i) Participant is on a Nonstatutory Leave of Absence, and/or (ii) Participant is not a Full-Time Employee (the “Full-Time Employment Requirement”). In the event that Participant does not satisfy the Full-Time Employment Requirement for an Eligible Vesting Year, the applicable vesting date(s) pursuant to the foregoing paragraph will be extended an additional year for each Eligible Vesting Year for which such requirement is not satisfied; provided, however, that any Restricted Stock Units that fail to vest hereunder by the fifteenth (15th) anniversary of the Vesting Commencement Date will not be eligible to vest thereafter and will automatically be forfeited at no cost to the Company and the Participant will have no further rights with respect thereto. For these purposes, an “Eligible Vesting Year” means the period between May 1 through the following April 30 of each year from the Vesting Commencement Date through the fifteenth (15th) anniversary of the Vesting Commencement Date.

Number of Restricted Stock Units means the aggregate number of Units outstanding under this Agreement as of the applicable dividend record date; and “Fair Market Value” means the Fair Market Value of a share of Common Stock on the applicable dividend payment date.

Number of Restricted Stock Units means the aggregate number of Units outstanding under this Agreement as of the applicable dividend record date; and

Number of Restricted Stock Units. [ ], payable only in Shares. Grant Date: [ ] Vesting Schedule: For grants of Restricted Stock Units made prior to April 14, 2008: 50% of the Restricted Stock Units granted hereby shall become vested on April 14, 2008; the remaining 50% of such Restricted Stock Units shall become vested on the date on which the Grantee reaches age 65, subject to Grantee's continuous employment/service with the Company. For grants of Restricted Stock Units made on or after April 14, 2008: This Restricted Stock Unit Grant shall vest in its entirety on the date on which the Grantee reaches age 65, subject to the Grantee's continuous employment/service with the Company.

Number of Restricted Stock Units. [_________] Vesting Commencement Date: [_________]

Number of Restricted Stock Units. (the “RSUs”)

Number of Restricted Stock Units. That number calculated by dividing $• by the Per Share Conversion Common Amount (as defined in the Merger Agreement) and rounding down to the nearest whole number.